VESTLANDSKE ORTOPEDISKE INSTITUTT AS

5094 BERGEN

Finances

Share Ownership

Return on Equity

−10 %

Current Ratio

1,37

Debt-to-Equity Ratio

0,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 053 000	1 188 000	1 432 000	1 586 000
Net Income	−19 000	15 000	−22 000	45 000
Total Assets	472 000	508 000	553 000	397 000
Total Equity	190 000	209 000	194 000	215 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 053 000	1 188 000	1 432 000	1 586 000
Expenditure	1 065 000	1 174 000	1 454 000	1 530 000
Operating Profit	−12 000	13 000	−22 000	57 000
Financial Income	0	1 000	1 000	1 000
Financial Costs	7 000	7 000	6 000	0
Financial Balance	−7 000	−6 000	−5 000	1 000
Earnings Before Tax	−19 000	7 000	−27 000	59 000
Tax	0	−8 000	−5 000	13 000
Net Income	−19 000	15 000	−22 000	45 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	250 000	268 000	342 000	25 000
Total Current Assets	222 000	240 000	211 000	372 000
Total Assets	472 000	508 000	553 000	397 000
Total Retained Equity	90 000	109 000	94 000	115 000
Total Equity	190 000	209 000	194 000	215 000
Total Long-Term Debt	120 000	169 000	226 000	0
Total Current Debt	162 000	131 000	134 000	181 000
Total Equity and Debt	472 000	508 000	553 000	397 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 053 000	1 140 000	1 195 000	1 500 000
Other Income	0	48 000	238 000	86 000
Revenue	1 053 000	1 188 000	1 432 000	1 586 000
Cost of Goods Sold	96 000	28 000	208 000	131 000
Salary Costs	698 000	768 000	903 000	1 033 000
Depreciation	25 000	72 000	38 000	4 000
Impairment	0	0	0	0
Expenditure	1 065 000	1 174 000	1 454 000	1 530 000
Operating Profit	−12 000	13 000	−22 000	57 000
Financial Income	0	1 000	1 000	1 000
Financial Costs	7 000	7 000	6 000	0
Financial Balance	−7 000	−6 000	−5 000	1 000
Dividends	0	0	0	0
Net Income	−19 000	15 000	−22 000	45 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	14 000	14 000	16 000	10 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	229 000	254 000	327 000	15 000
Total Tangible Assets	229 000	254 000	327 000	15 000
Total Fiancial Fixed Assets	7 000	0	0	0
Total Fixed Assets	250 000	268 000	342 000	25 000
Stock	147 000	153 000	116 000	192 000
Total Investments	0	0	0	0
Cash, Bank	64 000	70 000	75 000	148 000
Total Current Assets	222 000	240 000	211 000	372 000
Total Assets	472 000	508 000	553 000	397 000
Total Equity	190 000	209 000	194 000	215 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	120 000	169 000	226 000	0
Creditors	23 000	23 000	29 000	4 000
Unpaid Taxes	67 000	25 000	12 000	65 000
Dividends	0	0	0	0
Other Current Debt	73 000	82 000	93 000	102 000
Total Current Debt	162 000	131 000	134 000	181 000
Total Equity and Debt	472 000	508 000	553 000	397 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10 %	7,18 %	−11,34 %	20,93 %
Debt-to-Equity Ratio	0,63	0,81	1,16	0
Operating Profit Margin	−1,14 %	1,09 %	−1,54 %	3,59 %
Current Ratio	1,37	1,83	1,57	2,06
Quick Ratio	14,8	−10,91	11,72	−33,82
Equity Ratio	0,4	0,41	0,35	0,54
Gross Profit Margin	90,88 %	97,64 %	85,47 %	91,74 %