VESTERÅLEN IKT AS

8445 MELBU

Finances

Return on Equity

97,72 %

Current Ratio

2,92

Debt-to-Equity Ratio

1,88

Key figures (NOK)	2022	2021	2020
Revenue	5 459 000	5 439 000	4 612 000
Net Income	1 327 000	955 000	1 444 000
Total Assets	5 652 000	7 502 000	4 196 000
Total Equity	1 358 000	2 211 000	1 256 000

Income (NOK)	2022	2021	2020
Revenue	5 459 000	5 439 000	4 612 000
Expenditure	3 640 000	4 150 000	3 608 000
Operating Profit	1 819 000	1 289 000	1 004 000
Financial Income	24 000	15 000	666 000
Financial Costs	141 000	80 000	8 000
Financial Balance	−117 000	−65 000	658 000
Earnings Before Tax	1 703 000	1 224 000	1 662 000
Tax	376 000	269 000	218 000
Net Income	1 327 000	955 000	1 444 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	558 000	540 000	586 000
Total Current Assets	5 094 000	6 962 000	3 610 000
Total Assets	5 652 000	7 502 000	4 196 000
Total Retained Equity	1 328 000	2 181 000	1 238 000
Total Equity	1 358 000	2 211 000	1 256 000
Total Long-Term Debt	2 550 000	2 850 000	2 000
Total Current Debt	1 744 000	2 442 000	2 939 000
Total Equity and Debt	5 652 000	7 502 000	4 196 000

Cash flow (NOK)	2022	2021	2020
Sales Income	5 459 000	5 438 000	4 612 000
Other Income	0	1 000	0
Revenue	5 459 000	5 439 000	4 612 000
Cost of Goods Sold	284 000	96 000	161 000
Salary Costs	0	0	0
Depreciation	197 000	165 000	139 000
Impairment	0	0	0
Expenditure	3 640 000	4 150 000	3 608 000
Operating Profit	1 819 000	1 289 000	1 004 000
Financial Income	24 000	15 000	666 000
Financial Costs	141 000	80 000	8 000
Financial Balance	−117 000	−65 000	658 000
Dividends	2 180 000	0	0
Net Income	1 327 000	955 000	1 444 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	2 000	3 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	431 000	412 000	461 000
Total Tangible Assets	431 000	412 000	461 000
Total Fiancial Fixed Assets	125 000	125 000	125 000
Total Fixed Assets	558 000	540 000	586 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	2 903 000	4 463 000	1 607 000
Total Current Assets	5 094 000	6 962 000	3 610 000
Total Assets	5 652 000	7 502 000	4 196 000
Total Equity	1 358 000	2 211 000	1 256 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 550 000	2 850 000	2 000
Creditors	535 000	566 000	296 000
Unpaid Taxes	77 000	322 000	72 000
Dividends	2 180 000	0	0
Other Current Debt	757 000	1 280 000	2 354 000
Total Current Debt	1 744 000	2 442 000	2 939 000
Total Equity and Debt	5 652 000	7 502 000	4 196 000

Financial indicators	2022	2021	2020
Return on Equity	97,72 %	43,19 %	114,97 %
Debt-to-Equity Ratio	1,88	1,29	0
Operating Profit Margin	33,32 %	23,7 %	21,77 %
Current Ratio	2,92	2,85	1,23
Quick Ratio	2,92	2,85	1,23
Equity Ratio	0,24	0,29	0,3
Gross Profit Margin	94,8 %	98,23 %	96,51 %