NORSK VEGVERK AS

3677 NOTODDEN

Finances

Share Ownership

Return on Equity

35,56 %

Current Ratio

1,35

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020
Revenue	5 169 000	2 339 000	1 211 000
Net Income	388 000	282 000	400 000
Total Assets	2 897 000	1 535 000	618 000
Total Equity	1 091 000	712 000	430 000

Income (NOK)	2022	2021	2020
Revenue	5 169 000	2 339 000	1 211 000
Expenditure	4 674 000	1 976 000	699 000
Operating Profit	495 000	362 000	512 000
Financial Income	0	0	1 000
Financial Costs	1 000	1 000	0
Financial Balance	−1 000	−1 000	1 000
Earnings Before Tax	495 000	361 000	513 000
Tax	107 000	79 000	113 000
Net Income	388 000	282 000	400 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	467 000	438 000	314 000
Total Current Assets	2 429 000	1 096 000	304 000
Total Assets	2 897 000	1 535 000	618 000
Total Retained Equity	1 061 000	682 000	400 000
Total Equity	1 091 000	712 000	430 000
Total Long-Term Debt	10 000	16 000	8 000
Total Current Debt	1 796 000	807 000	181 000
Total Equity and Debt	2 897 000	1 535 000	618 000

Cash flow (NOK)	2022	2021	2020
Sales Income	5 169 000	2 339 000	1 211 000
Other Income	0	0	0
Revenue	5 169 000	2 339 000	1 211 000
Cost of Goods Sold	2 372 000	786 000	184 000
Salary Costs	982 000	248 000	224 000
Depreciation	119 000	77 000	19 000
Impairment	−9 000	0	0
Expenditure	4 674 000	1 976 000	699 000
Operating Profit	495 000	362 000	512 000
Financial Income	0	0	1 000
Financial Costs	1 000	1 000	0
Financial Balance	−1 000	−1 000	1 000
Dividends	0	0	0
Net Income	388 000	282 000	400 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	467 000	438 000	174 000
Total Tangible Assets	467 000	438 000	174 000
Total Fiancial Fixed Assets	0	0	140 000
Total Fixed Assets	467 000	438 000	314 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	2 114 000	109 000	181 000
Total Current Assets	2 429 000	1 096 000	304 000
Total Assets	2 897 000	1 535 000	618 000
Total Equity	1 091 000	712 000	430 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	10 000	16 000	8 000
Creditors	1 057 000	588 000	8 000
Unpaid Taxes	78 000	17 000	44 000
Dividends	0	0	0
Other Current Debt	548 000	26 000	24 000
Total Current Debt	1 796 000	807 000	181 000
Total Equity and Debt	2 897 000	1 535 000	618 000

Financial indicators	2022	2021	2020
Return on Equity	35,56 %	39,61 %	93,02 %
Debt-to-Equity Ratio	0,01	0,02	0,02
Operating Profit Margin	9,58 %	15,48 %	42,28 %
Current Ratio	1,35	1,36	1,68
Quick Ratio	1,35	1,36	1,68
Equity Ratio	0,38	0,46	0,7
Gross Profit Margin	54,11 %	66,4 %	84,81 %