VATTEN RØRTEKNIKK AS

5010 BERGEN

Finances

Share Ownership

Return on Equity

72,12 %

Current Ratio

0,57

Debt-to-Equity Ratio

−0,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 002 000	2 265 000	1 974 000	674 000
Net Income	−445 000	79 000	−295 000	−51 000
Total Assets	1 446 000	1 153 000	615 000	729 000
Total Equity	−617 000	−172 000	−251 000	44 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 002 000	2 265 000	1 974 000	674 000
Expenditure	3 389 000	2 146 000	2 239 000	707 000
Operating Profit	−386 000	124 000	−263 000	−33 000
Financial Income	0	0	0	1 000
Financial Costs	59 000	45 000	32 000	18 000
Financial Balance	−59 000	−45 000	−32 000	−17 000
Earnings Before Tax	−445 000	79 000	−295 000	−51 000
Tax	0	0	0	0
Net Income	−445 000	79 000	−295 000	−51 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	542 000	459 000	286 000	342 000
Total Current Assets	904 000	694 000	329 000	387 000
Total Assets	1 446 000	1 153 000	615 000	729 000
Total Retained Equity	−712 000	−266 000	−345 000	−51 000
Total Equity	−617 000	−172 000	−251 000	44 000
Total Long-Term Debt	474 000	416 000	249 000	316 000
Total Current Debt	1 589 000	908 000	617 000	369 000
Total Equity and Debt	1 446 000	1 153 000	615 000	729 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 002 000	2 265 000	1 974 000	674 000
Other Income	0	0	0	0
Revenue	3 002 000	2 265 000	1 974 000	674 000
Cost of Goods Sold	1 499 000	1 029 000	747 000	255 000
Salary Costs	1 470 000	868 000	1 093 000	273 000
Depreciation	106 000	66 000	73 000	33 000
Impairment	0	0	0	0
Expenditure	3 389 000	2 146 000	2 239 000	707 000
Operating Profit	−386 000	124 000	−263 000	−33 000
Financial Income	0	0	0	1 000
Financial Costs	59 000	45 000	32 000	18 000
Financial Balance	−59 000	−45 000	−32 000	−17 000
Dividends	0	0	0	0
Net Income	−445 000	79 000	−295 000	−51 000

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	542 000	459 000	286 000	342 000
Total Tangible Assets	542 000	459 000	286 000	342 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	542 000	459 000	286 000	342 000
Stock	7 000	7 000	2 000	0
Total Investments	0	0	0	0
Cash, Bank	71 000	40 000	11 000	303 000
Total Current Assets	904 000	694 000	329 000	387 000
Total Assets	1 446 000	1 153 000	615 000	729 000
Total Equity	−617 000	−172 000	−251 000	44 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	474 000	416 000	249 000	316 000
Creditors	562 000	201 000	198 000	251 000
Unpaid Taxes	329 000	172 000	63 000	71 000
Dividends	0	0	0	0
Other Current Debt	206 000	173 000	213 000	48 000
Total Current Debt	1 589 000	908 000	617 000	369 000
Total Equity and Debt	1 446 000	1 153 000	615 000	729 000

Financial indicators	2022	2021	2020	2019
Return on Equity	72,12 %	−45,93 %	117,53 %	−115,91 %
Debt-to-Equity Ratio	−0,77	−2,42	−0,99	7,18
Operating Profit Margin	−12,86 %	5,47 %	−13,32 %	−4,9 %
Current Ratio	0,57	0,76	0,53	1,05
Quick Ratio	0,57	0,77	0,53	1,05
Equity Ratio	−0,43	−0,15	−0,41	0,06
Gross Profit Margin	50,07 %	54,57 %	62,16 %	62,17 %