VESTFOLD TELEMARK VVS AS

3735 SKIEN

Finances

Return on Equity

21,65 %

Current Ratio

1,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 979 000	8 362 000	6 156 000	0
Net Income	178 000	269 000	184 000	0
Total Assets	2 584 000	2 407 000	1 608 000	31 000
Total Equity	822 000	644 000	275 000	22 000

Income (NOK)	2022	2021	2020
Revenue	8 979 000	8 362 000	6 156 000
Expenditure	8 733 000	8 013 000	5 923 000
Operating Profit	246 000	350 000	234 000
Financial Income	0	1 000	1 000
Financial Costs	17 000	5 000	1 000
Financial Balance	−17 000	−4 000	0
Earnings Before Tax	230 000	346 000	234 000
Tax	52 000	76 000	50 000
Net Income	178 000	269 000	184 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	215 000	284 000	264 000	31 000
Total Current Assets	2 369 000	2 124 000	1 343 000	0
Total Assets	2 584 000	2 407 000	1 608 000	31 000
Total Retained Equity	632 000	453 000	184 000	0
Total Equity	822 000	644 000	275 000	22 000
Total Long-Term Debt	1 000	2 000	8 000	0
Total Current Debt	1 761 000	1 761 000	1 325 000	10 000
Total Equity and Debt	2 584 000	2 407 000	1 608 000	31 000

Cash flow (NOK)	2022	2021	2020
Sales Income	8 979 000	8 361 000	6 156 000
Other Income	0	0	1 000
Revenue	8 979 000	8 362 000	6 156 000
Cost of Goods Sold	4 125 000	3 689 000	3 238 000
Salary Costs	3 026 000	2 801 000	1 702 000
Depreciation	69 000	67 000	33 000
Impairment	0	0	0
Expenditure	8 733 000	8 013 000	5 923 000
Operating Profit	246 000	350 000	234 000
Financial Income	0	1 000	1 000
Financial Costs	17 000	5 000	1 000
Financial Balance	−17 000	−4 000	0
Dividends	0	0	0
Net Income	178 000	269 000	184 000

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	160 000	229 000	264 000	31 000
Total Tangible Assets	160 000	229 000	264 000	31 000
Total Fiancial Fixed Assets	55 000	55 000	0	0
Total Fixed Assets	215 000	284 000	264 000	31 000
Stock	275 000	95 000	45 000	0
Total Investments	0	0	0	0
Cash, Bank	338 000	205 000	373 000	0
Total Current Assets	2 369 000	2 124 000	1 343 000	0
Total Assets	2 584 000	2 407 000	1 608 000	31 000
Total Equity	822 000	644 000	275 000	22 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	2 000	8 000	0
Creditors	732 000	458 000	465 000	2 000
Unpaid Taxes	336 000	395 000	272 000	0
Dividends	0	0	0	0
Other Current Debt	640 000	826 000	546 000	7 000
Total Current Debt	1 761 000	1 761 000	1 325 000	10 000
Total Equity and Debt	2 584 000	2 407 000	1 608 000	31 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,65 %	41,77 %	66,91 %	0 %
Debt-to-Equity Ratio	0	0	0,03	0
Operating Profit Margin	2,74 %	4,19 %	3,8 %	-
Current Ratio	1,35	1,21	1,01	0
Quick Ratio	1,59	1,27	1,05	0
Equity Ratio	0,32	0,27	0,17	0,71
Gross Profit Margin	54,06 %	55,88 %	47,4 %	-