VEST HYDRAULIKK AS

6800 FØRDE

Finances

Share Ownership

Return on Equity

47,49 %

Current Ratio

3,29

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	3 854 000	2 673 000	1 180 000
Net Income	964 000	598 000	−132 000
Total Assets	2 868 000	1 661 000	957 000
Total Equity	2 030 000	1 066 000	468 000

Income (NOK)	2022	2021	2020
Revenue	3 854 000	2 673 000	1 180 000
Expenditure	2 614 000	1 906 000	1 312 000
Operating Profit	1 239 000	767 000	−132 000
Financial Income	3 000	1 000	0
Financial Costs	0	0	0
Financial Balance	3 000	1 000	0
Earnings Before Tax	1 242 000	768 000	−132 000
Tax	277 000	170 000	0
Net Income	964 000	598 000	−132 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	115 000	105 000	110 000
Total Current Assets	2 753 000	1 556 000	848 000
Total Assets	2 868 000	1 661 000	957 000
Total Retained Equity	1 430 000	466 000	−132 000
Total Equity	2 030 000	1 066 000	468 000
Total Long-Term Debt	0	0	0
Total Current Debt	838 000	595 000	490 000
Total Equity and Debt	2 868 000	1 661 000	957 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 728 000	2 629 000	1 174 000
Other Income	126 000	44 000	6 000
Revenue	3 854 000	2 673 000	1 180 000
Cost of Goods Sold	1 098 000	912 000	567 000
Salary Costs	928 000	619 000	390 000
Depreciation	61 000	53 000	36 000
Impairment	0	0	0
Expenditure	2 614 000	1 906 000	1 312 000
Operating Profit	1 239 000	767 000	−132 000
Financial Income	3 000	1 000	0
Financial Costs	0	0	0
Financial Balance	3 000	1 000	0
Dividends	0	0	0
Net Income	964 000	598 000	−132 000

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	115 000	105 000	110 000
Total Tangible Assets	115 000	105 000	110 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	115 000	105 000	110 000
Stock	436 000	252 000	200 000
Total Investments	0	0	0
Cash, Bank	1 245 000	958 000	442 000
Total Current Assets	2 753 000	1 556 000	848 000
Total Assets	2 868 000	1 661 000	957 000
Total Equity	2 030 000	1 066 000	468 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	224 000	255 000	297 000
Unpaid Taxes	231 000	110 000	61 000
Dividends	0	0	0
Other Current Debt	105 000	60 000	132 000
Total Current Debt	838 000	595 000	490 000
Total Equity and Debt	2 868 000	1 661 000	957 000

Financial indicators	2022	2021	2020
Return on Equity	47,49 %	56,1 %	−28,21 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	32,15 %	28,69 %	−11,19 %
Current Ratio	3,29	2,62	1,73
Quick Ratio	6,85	4,54	2,92
Equity Ratio	0,71	0,64	0,49
Gross Profit Margin	71,51 %	65,88 %	51,95 %