VESTVIKEN HÅNDVERK AS

3300 HOKKSUND

Finances

Share Ownership

Return on Equity

192,82 %

Current Ratio

1,05

Debt-to-Equity Ratio

0,09

Key figures (NOK)	2022	2021	2020
Revenue	57 816 000	57 093 000	50 080 000
Net Income	1 961 000	1 084 000	−821 000
Total Assets	18 930 000	13 951 000	13 901 000
Total Equity	1 017 000	855 000	196 000

Income (NOK)	2022	2021	2020
Revenue	57 816 000	57 093 000	50 080 000
Expenditure	55 296 000	55 688 000	51 187 000
Operating Profit	2 520 000	1 404 000	−1 107 000
Financial Income	1 000	0	2 000
Financial Costs	6 000	14 000	11 000
Financial Balance	−5 000	−14 000	−9 000
Earnings Before Tax	2 515 000	1 390 000	−1 115 000
Tax	553 000	306 000	−294 000
Net Income	1 961 000	1 084 000	−821 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	244 000	295 000	584 000
Total Current Assets	18 686 000	13 656 000	13 317 000
Total Assets	18 930 000	13 951 000	13 901 000
Total Retained Equity	162 000	0	−659 000
Total Equity	1 017 000	855 000	196 000
Total Long-Term Debt	87 000	175 000	244 000
Total Current Debt	17 827 000	12 921 000	13 460 000
Total Equity and Debt	18 930 000	13 951 000	13 901 000

Cash flow (NOK)	2022	2021	2020
Sales Income	57 781 000	57 033 000	49 105 000
Other Income	34 000	59 000	975 000
Revenue	57 816 000	57 093 000	50 080 000
Cost of Goods Sold	658 000	5 859 000	5 761 000
Salary Costs	52 579 000	47 371 000	41 392 000
Depreciation	50 000	50 000	8 000
Impairment	0	0	0
Expenditure	55 296 000	55 688 000	51 187 000
Operating Profit	2 520 000	1 404 000	−1 107 000
Financial Income	1 000	0	2 000
Financial Costs	6 000	14 000	11 000
Financial Balance	−5 000	−14 000	−9 000
Dividends	1 800 000	425 000	0
Net Income	1 961 000	1 084 000	−821 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	247 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	142 000	193 000	243 000
Total Tangible Assets	142 000	193 000	243 000
Total Fiancial Fixed Assets	102 000	102 000	94 000
Total Fixed Assets	244 000	295 000	584 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	6 279 000	8 942 000	5 984 000
Total Current Assets	18 686 000	13 656 000	13 317 000
Total Assets	18 930 000	13 951 000	13 901 000
Total Equity	1 017 000	855 000	196 000
Short-Term Group Debt	798 000	786 000	1 254 000
Total Long-Term Debt	87 000	175 000	244 000
Creditors	215 000	239 000	1 471 000
Unpaid Taxes	6 197 000	5 004 000	3 911 000
Dividends	1 800 000	425 000	0
Other Current Debt	8 259 000	6 418 000	6 824 000
Total Current Debt	17 827 000	12 921 000	13 460 000
Total Equity and Debt	18 930 000	13 951 000	13 901 000

Financial indicators	2022	2021	2020
Return on Equity	192,82 %	126,78 %	−418,88 %
Debt-to-Equity Ratio	0,09	0,2	1,24
Operating Profit Margin	4,36 %	2,46 %	−2,21 %
Current Ratio	1,05	1,06	0,99
Quick Ratio	1,05	1,06	0,99
Equity Ratio	0,05	0,06	0,01
Gross Profit Margin	98,86 %	89,74 %	88,5 %