VESTFOLD MASKINSERVICE AS

3260 LARVIK

Finances

Share Ownership

Return on Equity

71,43 %

Current Ratio

1,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	967 000	906 000	364 000
Net Income	65 000	−109 000	40 000
Total Assets	228 000	224 000	182 000
Total Equity	91 000	26 000	134 000

Income (NOK)	2022	2021	2020
Revenue	967 000	906 000	364 000
Expenditure	883 000	1 046 000	315 000
Operating Profit	85 000	−140 000	50 000
Financial Income	0	1 000	0
Financial Costs	0	0	0
Financial Balance	0	1 000	0
Earnings Before Tax	84 000	−139 000	49 000
Tax	19 000	−31 000	10 000
Net Income	65 000	−109 000	40 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	11 000	31 000	14 000
Total Current Assets	216 000	193 000	168 000
Total Assets	228 000	224 000	182 000
Total Retained Equity	−4 000	−69 000	40 000
Total Equity	91 000	26 000	134 000
Total Long-Term Debt	0	0	0
Total Current Debt	137 000	198 000	47 000
Total Equity and Debt	228 000	224 000	182 000

Cash flow (NOK)	2022	2021	2020
Sales Income	967 000	906 000	364 000
Other Income	0	0	0
Revenue	967 000	906 000	364 000
Cost of Goods Sold	328 000	370 000	173 000
Salary Costs	313 000	472 000	62 000
Depreciation	0	14 000	6 000
Impairment	0	0	0
Expenditure	883 000	1 046 000	315 000
Operating Profit	85 000	−140 000	50 000
Financial Income	0	1 000	0
Financial Costs	0	0	0
Financial Balance	0	1 000	0
Dividends	0	0	0
Net Income	65 000	−109 000	40 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	11 000	31 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	14 000
Fixtures	0	0	0
Total Tangible Assets	0	0	14 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	11 000	31 000	14 000
Stock	11 000	14 000	0
Total Investments	0	0	0
Cash, Bank	89 000	120 000	127 000
Total Current Assets	216 000	193 000	168 000
Total Assets	228 000	224 000	182 000
Total Equity	91 000	26 000	134 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	26 000	0	5 000
Unpaid Taxes	78 000	121 000	29 000
Dividends	0	0	0
Other Current Debt	33 000	77 000	4 000
Total Current Debt	137 000	198 000	47 000
Total Equity and Debt	228 000	224 000	182 000

Financial indicators	2022	2021	2020
Return on Equity	71,43 %	−419,23 %	29,85 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	8,79 %	−15,45 %	13,74 %
Current Ratio	1,58	0,97	3,57
Quick Ratio	1,71	1,05	3,57
Equity Ratio	0,4	0,12	0,74
Gross Profit Margin	66,08 %	59,16 %	52,47 %