VESTEX AS

1086 OSLO

Finances

Share Ownership

Return on Equity

43,33 %

Current Ratio

1,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 227 000	1 906 000	1 215 000	321 000
Net Income	65 000	123 000	284 000	−262 000
Total Assets	721 000	449 000	218 000	346 000
Total Equity	150 000	175 000	52 000	−232 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 227 000	1 906 000	1 215 000	321 000
Expenditure	2 142 000	1 822 000	851 000	583 000
Operating Profit	84 000	84 000	364 000	−262 000
Financial Income	1 000	0	0	0
Financial Costs	0	1 000	0	0
Financial Balance	1 000	−1 000	0	0
Earnings Before Tax	85 000	83 000	364 000	−262 000
Tax	20 000	−41 000	80 000	0
Net Income	65 000	123 000	284 000	−262 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	29 000	5 000	29 000	15 000
Total Current Assets	692 000	444 000	188 000	330 000
Total Assets	721 000	449 000	218 000	346 000
Total Retained Equity	120 000	145 000	22 000	−262 000
Total Equity	150 000	175 000	52 000	−232 000
Total Long-Term Debt	0	−5 000	−5 000	620 000
Total Current Debt	570 000	279 000	171 000	−42 000
Total Equity and Debt	721 000	449 000	218 000	346 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 227 000	1 906 000	1 215 000	321 000
Other Income	0	0	0	0
Revenue	2 227 000	1 906 000	1 215 000	321 000
Cost of Goods Sold	0	3 000	0	0
Salary Costs	1 664 000	1 415 000	470 000	56 000
Depreciation	5 000	5 000	5 000	0
Impairment	0	0	0	0
Expenditure	2 142 000	1 822 000	851 000	583 000
Operating Profit	84 000	84 000	364 000	−262 000
Financial Income	1 000	0	0	0
Financial Costs	0	1 000	0	0
Financial Balance	1 000	−1 000	0	0
Dividends	90 000	0	0	0
Net Income	65 000	123 000	284 000	−262 000

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	0	5 000	10 000	15 000
Total Tangible Assets	0	5 000	10 000	15 000
Total Fiancial Fixed Assets	29 000	0	20 000	0
Total Fixed Assets	29 000	5 000	29 000	15 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	515 000	378 000	135 000	239 000
Total Current Assets	692 000	444 000	188 000	330 000
Total Assets	721 000	449 000	218 000	346 000
Total Equity	150 000	175 000	52 000	−232 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	−5 000	−5 000	620 000
Creditors	5 000	15 000	30 000	1 000
Unpaid Taxes	258 000	185 000	16 000	−48 000
Dividends	90 000	0	0	0
Other Current Debt	289 000	151 000	46 000	4 000
Total Current Debt	570 000	279 000	171 000	−42 000
Total Equity and Debt	721 000	449 000	218 000	346 000

Financial indicators	2022	2021	2020	2019
Return on Equity	43,33 %	70,29 %	546,15 %	112,93 %
Debt-to-Equity Ratio	0	−0,03	−0,1	−2,67
Operating Profit Margin	3,77 %	4,41 %	29,96 %	−81,62 %
Current Ratio	1,21	1,59	1,1	−7,86
Quick Ratio	1,21	1,59	1,1	−7,86
Equity Ratio	0,21	0,39	0,24	−0,67
Gross Profit Margin	100 %	99,84 %	100 %	100 %