VESTFOLD GULVAVRETTING AS

3089 HOLMESTRAND

Finances

Return on Equity

61,85 %

Current Ratio

1,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 368 000	7 935 000	14 210 000	20 079 000
Net Income	1 268 000	−458 000	385 000	−146 000
Total Assets	5 438 000	2 925 000	2 634 000	3 321 000
Total Equity	2 050 000	782 000	1 240 000	854 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 368 000	7 935 000	14 210 000	20 079 000
Expenditure	10 912 000	8 392 000	13 825 000	20 224 000
Operating Profit	1 456 000	−457 000	386 000	−145 000
Financial Income	0	0	1 000	1 000
Financial Costs	0	1 000	1 000	2 000
Financial Balance	0	−1 000	0	−1 000
Earnings Before Tax	1 456 000	−458 000	385 000	−146 000
Tax	187 000	0	0	0
Net Income	1 268 000	−458 000	385 000	−146 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	74 000	117 000	160 000	151 000
Total Current Assets	5 364 000	2 808 000	2 474 000	3 169 000
Total Assets	5 438 000	2 925 000	2 634 000	3 321 000
Total Retained Equity	1 950 000	682 000	1 140 000	754 000
Total Equity	2 050 000	782 000	1 240 000	854 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 388 000	2 143 000	1 394 000	2 466 000
Total Equity and Debt	5 438 000	2 925 000	2 634 000	3 321 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 368 000	7 935 000	14 210 000	20 079 000
Other Income	0	0	0	0
Revenue	12 368 000	7 935 000	14 210 000	20 079 000
Cost of Goods Sold	7 771 000	5 395 000	10 520 000	17 436 000
Salary Costs	2 145 000	2 061 000	2 161 000	2 271 000
Depreciation	43 000	43 000	34 000	13 000
Impairment	0	0	0	0
Expenditure	10 912 000	8 392 000	13 825 000	20 224 000
Operating Profit	1 456 000	−457 000	386 000	−145 000
Financial Income	0	0	1 000	1 000
Financial Costs	0	1 000	1 000	2 000
Financial Balance	0	−1 000	0	−1 000
Dividends	0	0	0	0
Net Income	1 268 000	−458 000	385 000	−146 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	19 000	30 000	41 000	0
Fixtures	51 000	83 000	115 000	147 000
Total Tangible Assets	70 000	113 000	156 000	147 000
Total Fiancial Fixed Assets	5 000	5 000	5 000	5 000
Total Fixed Assets	74 000	117 000	160 000	151 000
Stock	32 000	32 000	32 000	32 000
Total Investments	0	0	0	0
Cash, Bank	2 373 000	1 034 000	956 000	1 596 000
Total Current Assets	5 364 000	2 808 000	2 474 000	3 169 000
Total Assets	5 438 000	2 925 000	2 634 000	3 321 000
Total Equity	2 050 000	782 000	1 240 000	854 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 646 000	1 457 000	938 000	1 952 000
Unpaid Taxes	350 000	458 000	244 000	−53 000
Dividends	0	0	0	0
Other Current Debt	204 000	228 000	212 000	567 000
Total Current Debt	3 388 000	2 143 000	1 394 000	2 466 000
Total Equity and Debt	5 438 000	2 925 000	2 634 000	3 321 000

Financial indicators	2022	2021	2020	2019
Return on Equity	61,85 %	−58,57 %	31,05 %	−17,1 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	11,77 %	−5,76 %	2,72 %	−0,72 %
Current Ratio	1,58	1,31	1,77	1,29
Quick Ratio	1,6	1,33	1,82	1,3
Equity Ratio	0,38	0,27	0,47	0,26
Gross Profit Margin	37,17 %	32,01 %	25,97 %	13,16 %