VEB RØRMONTASJE AS

1860 TRØGSTAD

Finances

Share Ownership

Return on Equity

60,27 %

Current Ratio

1,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 256 000	3 005 000	4 592 000	2 042 000
Net Income	267 000	−422 000	702 000	154 000
Total Assets	1 455 000	912 000	1 576 000	357 000
Total Equity	443 000	175 000	587 000	184 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 256 000	3 005 000	4 592 000	2 042 000
Expenditure	4 980 000	3 428 000	3 690 000	1 845 000
Operating Profit	276 000	−423 000	901 000	196 000
Financial Income	2 000	3 000	0	2 000
Financial Costs	12 000	2 000	1 000	0
Financial Balance	−10 000	1 000	−1 000	2 000
Earnings Before Tax	267 000	−422 000	901 000	198 000
Tax	0	0	198 000	44 000
Net Income	267 000	−422 000	702 000	154 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	83 000	52 000	33 000	0
Total Current Assets	1 372 000	860 000	1 543 000	357 000
Total Assets	1 455 000	912 000	1 576 000	357 000
Total Retained Equity	413 000	145 000	557 000	154 000
Total Equity	443 000	175 000	587 000	184 000
Total Long-Term Debt	0	1 000	6 000	0
Total Current Debt	1 013 000	736 000	983 000	173 000
Total Equity and Debt	1 455 000	912 000	1 576 000	357 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 256 000	3 005 000	4 592 000	2 042 000
Other Income	0	0	0	0
Revenue	5 256 000	3 005 000	4 592 000	2 042 000
Cost of Goods Sold	14 000	96 000	473 000	1 214 000
Salary Costs	4 036 000	2 758 000	2 700 000	324 000
Depreciation	10 000	11 000	2 000	0
Impairment	0	0	0	0
Expenditure	4 980 000	3 428 000	3 690 000	1 845 000
Operating Profit	276 000	−423 000	901 000	196 000
Financial Income	2 000	3 000	0	2 000
Financial Costs	12 000	2 000	1 000	0
Financial Balance	−10 000	1 000	−1 000	2 000
Dividends	0	0	300 000	0
Net Income	267 000	−422 000	702 000	154 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	69 000	38 000	33 000	0
Total Tangible Assets	69 000	38 000	33 000	0
Total Fiancial Fixed Assets	14 000	14 000	0	0
Total Fixed Assets	83 000	52 000	33 000	0
Stock	0	0	0	0
Total Investments	0	0	0	101 000
Cash, Bank	955 000	560 000	770 000	214 000
Total Current Assets	1 372 000	860 000	1 543 000	357 000
Total Assets	1 455 000	912 000	1 576 000	357 000
Total Equity	443 000	175 000	587 000	184 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	1 000	6 000	0
Creditors	51 000	101 000	34 000	89 000
Unpaid Taxes	613 000	337 000	466 000	9 000
Dividends	0	0	300 000	0
Other Current Debt	349 000	299 000	287 000	31 000
Total Current Debt	1 013 000	736 000	983 000	173 000
Total Equity and Debt	1 455 000	912 000	1 576 000	357 000

Financial indicators	2022	2021	2020	2019
Return on Equity	60,27 %	−241,14 %	119,59 %	83,7 %
Debt-to-Equity Ratio	0	0,01	0,01	0
Operating Profit Margin	5,25 %	−14,08 %	19,62 %	9,6 %
Current Ratio	1,35	1,17	1,57	2,06
Quick Ratio	1,35	1,17	1,57	2,06
Equity Ratio	0,3	0,19	0,37	0,52
Gross Profit Margin	99,73 %	96,81 %	89,7 %	40,55 %