VEST RØRTEKNIKK AS

6800 FØRDE

Finances

Share Ownership

Return on Equity

42,27 %

Current Ratio

1,84

Debt-to-Equity Ratio

0,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	22 929 000	16 180 000	19 457 000	10 165 000
Net Income	1 785 000	845 000	2 468 000	1 615 000
Total Assets	10 575 000	7 581 000	8 391 000	4 814 000
Total Equity	4 223 000	4 429 000	3 583 000	2 115 000

Income (NOK)	2022	2021	2020	2019
Revenue	22 929 000	16 180 000	19 457 000	10 165 000
Expenditure	20 640 000	15 084 000	16 287 000	8 097 000
Operating Profit	2 290 000	1 096 000	3 170 000	2 068 000
Financial Income	12 000	0	1 000	1 000
Financial Costs	13 000	12 000	7 000	2 000
Financial Balance	−1 000	−12 000	−6 000	−1 000
Earnings Before Tax	2 289 000	1 085 000	3 164 000	2 067 000
Tax	504 000	239 000	696 000	451 000
Net Income	1 785 000	845 000	2 468 000	1 615 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 015 000	542 000	482 000	471 000
Total Current Assets	9 559 000	7 039 000	7 909 000	4 343 000
Total Assets	10 575 000	7 581 000	8 391 000	4 814 000
Total Retained Equity	3 723 000	3 929 000	3 083 000	1 615 000
Total Equity	4 223 000	4 429 000	3 583 000	2 115 000
Total Long-Term Debt	1 149 000	180 000	577 000	551 000
Total Current Debt	5 203 000	2 972 000	4 230 000	2 147 000
Total Equity and Debt	10 575 000	7 581 000	8 391 000	4 814 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 930 000	16 182 000	19 457 000	10 165 000
Other Income	0	−1 000	0	0
Revenue	22 929 000	16 180 000	19 457 000	10 165 000
Cost of Goods Sold	11 162 000	8 307 000	10 254 000	4 461 000
Salary Costs	6 522 000	4 498 000	4 556 000	2 315 000
Depreciation	331 000	170 000	151 000	121 000
Impairment	0	0	0	0
Expenditure	20 640 000	15 084 000	16 287 000	8 097 000
Operating Profit	2 290 000	1 096 000	3 170 000	2 068 000
Financial Income	12 000	0	1 000	1 000
Financial Costs	13 000	12 000	7 000	2 000
Financial Balance	−1 000	−12 000	−6 000	−1 000
Dividends	1 500 000	0	1 000 000	0
Net Income	1 785 000	845 000	2 468 000	1 615 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	76 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 015 000	466 000	482 000	471 000
Total Tangible Assets	1 015 000	466 000	482 000	471 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 015 000	542 000	482 000	471 000
Stock	78 000	123 000	177 000	72 000
Total Investments	0	0	0	0
Cash, Bank	3 164 000	2 110 000	4 042 000	1 837 000
Total Current Assets	9 559 000	7 039 000	7 909 000	4 343 000
Total Assets	10 575 000	7 581 000	8 391 000	4 814 000
Total Equity	4 223 000	4 429 000	3 583 000	2 115 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 149 000	180 000	577 000	551 000
Creditors	1 473 000	600 000	866 000	1 155 000
Unpaid Taxes	1 160 000	999 000	470 000	575 000
Dividends	1 500 000	0	1 000 000	0
Other Current Debt	1 069 000	661 000	1 144 000	417 000
Total Current Debt	5 203 000	2 972 000	4 230 000	2 147 000
Total Equity and Debt	10 575 000	7 581 000	8 391 000	4 814 000

Financial indicators	2022	2021	2020	2019
Return on Equity	42,27 %	19,08 %	68,88 %	76,36 %
Debt-to-Equity Ratio	0,27	0,04	0,16	0,26
Operating Profit Margin	9,99 %	6,77 %	16,29 %	20,34 %
Current Ratio	1,84	2,37	1,87	2,02
Quick Ratio	1,87	2,47	1,95	2,09
Equity Ratio	0,4	0,58	0,43	0,44
Gross Profit Margin	51,32 %	48,66 %	47,3 %	56,11 %