VESTFOLD RØRINDUSTRI AS

3174 REVETAL

Finances

Share Ownership

Return on Equity

23,55 %

Current Ratio

2,77

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020
Revenue	11 516 000	13 764 000	11 488 000
Net Income	833 000	1 980 000	576 000
Total Assets	5 391 000	6 768 000	6 365 000
Total Equity	3 537 000	4 205 000	3 725 000

Income (NOK)	2022	2021	2020
Revenue	11 516 000	13 764 000	11 488 000
Expenditure	10 438 000	11 221 000	10 776 000
Operating Profit	1 078 000	2 543 000	713 000
Financial Income	2 000	2 000	8 000
Financial Costs	9 000	5 000	1 000
Financial Balance	−7 000	−3 000	7 000
Earnings Before Tax	1 070 000	2 539 000	720 000
Tax	238 000	559 000	144 000
Net Income	833 000	1 980 000	576 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	872 000	971 000	564 000
Total Current Assets	4 519 000	5 797 000	5 801 000
Total Assets	5 391 000	6 768 000	6 365 000
Total Retained Equity	−779 000	−112 000	−592 000
Total Equity	3 537 000	4 205 000	3 725 000
Total Long-Term Debt	219 000	334 000	0
Total Current Debt	1 634 000	2 230 000	2 640 000
Total Equity and Debt	5 391 000	6 768 000	6 365 000

Cash flow (NOK)	2022	2021	2020
Sales Income	11 461 000	13 764 000	11 488 000
Other Income	55 000	0	0
Revenue	11 516 000	13 764 000	11 488 000
Cost of Goods Sold	3 064 000	4 153 000	4 419 000
Salary Costs	5 073 000	4 802 000	4 327 000
Depreciation	273 000	241 000	220 000
Impairment	0	0	0
Expenditure	10 438 000	11 221 000	10 776 000
Operating Profit	1 078 000	2 543 000	713 000
Financial Income	2 000	2 000	8 000
Financial Costs	9 000	5 000	1 000
Financial Balance	−7 000	−3 000	7 000
Dividends	0	0	0
Net Income	833 000	1 980 000	576 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	4 000	16 000	30 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	868 000	955 000	534 000
Total Tangible Assets	868 000	955 000	534 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	872 000	971 000	564 000
Stock	406 000	373 000	667 000
Total Investments	0	0	0
Cash, Bank	2 789 000	1 785 000	3 664 000
Total Current Assets	4 519 000	5 797 000	5 801 000
Total Assets	5 391 000	6 768 000	6 365 000
Total Equity	3 537 000	4 205 000	3 725 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	219 000	334 000	0
Creditors	359 000	164 000	274 000
Unpaid Taxes	646 000	1 131 000	782 000
Dividends	0	0	0
Other Current Debt	403 000	389 000	1 419 000
Total Current Debt	1 634 000	2 230 000	2 640 000
Total Equity and Debt	5 391 000	6 768 000	6 365 000

Financial indicators	2022	2021	2020
Return on Equity	23,55 %	47,09 %	15,46 %
Debt-to-Equity Ratio	0,06	0,08	0
Operating Profit Margin	9,36 %	18,48 %	6,21 %
Current Ratio	2,77	2,6	2,2
Quick Ratio	3,68	3,12	2,94
Equity Ratio	0,66	0,62	0,59
Gross Profit Margin	73,39 %	69,83 %	61,53 %