VVS-SERVICE AS

2890 ETNEDAL

Finances

Share Ownership

Return on Equity

40,11 %

Current Ratio

1,64

Debt-to-Equity Ratio

0,32

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 083 000	2 728 000	2 101 000	2 211 000
Net Income	714 000	347 000	166 000	−60 000
Total Assets	3 839 000	2 799 000	2 524 000	2 068 000
Total Equity	1 780 000	1 466 000	1 319 000	1 153 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 083 000	2 728 000	2 101 000	2 211 000
Expenditure	5 150 000	2 271 000	1 869 000	2 284 000
Operating Profit	933 000	457 000	232 000	−73 000
Financial Income	10 000	10 000	9 000	12 000
Financial Costs	27 000	22 000	28 000	16 000
Financial Balance	−17 000	−12 000	−19 000	−4 000
Earnings Before Tax	915 000	445 000	213 000	−77 000
Tax	201 000	98 000	47 000	−17 000
Net Income	714 000	347 000	166 000	−60 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 392 000	767 000	858 000	955 000
Total Current Assets	2 447 000	2 032 000	1 666 000	1 113 000
Total Assets	3 839 000	2 799 000	2 524 000	2 068 000
Total Retained Equity	1 580 000	1 266 000	1 119 000	953 000
Total Equity	1 780 000	1 466 000	1 319 000	1 153 000
Total Long-Term Debt	566 000	340 000	0	0
Total Current Debt	1 493 000	993 000	1 205 000	915 000
Total Equity and Debt	3 839 000	2 799 000	2 524 000	2 068 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 032 000	2 728 000	2 100 000	2 210 000
Other Income	50 000	0	0	1 000
Revenue	6 083 000	2 728 000	2 101 000	2 211 000
Cost of Goods Sold	3 083 000	824 000	477 000	985 000
Salary Costs	1 107 000	875 000	957 000	966 000
Depreciation	78 000	33 000	51 000	75 000
Impairment	0	0	0	0
Expenditure	5 150 000	2 271 000	1 869 000	2 284 000
Operating Profit	933 000	457 000	232 000	−73 000
Financial Income	10 000	10 000	9 000	12 000
Financial Costs	27 000	22 000	28 000	16 000
Financial Balance	−17 000	−12 000	−19 000	−4 000
Dividends	400 000	200 000	0	0
Net Income	714 000	347 000	166 000	−60 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	57 000	104 000
Real Eastate	734 000	767 000	800 000	834 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	658 000	0	0	17 000
Total Tangible Assets	1 392 000	767 000	800 000	851 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 392 000	767 000	858 000	955 000
Stock	1 646 000	1 434 000	1 098 000	745 000
Total Investments	0	0	0	0
Cash, Bank	37 000	37 000	55 000	45 000
Total Current Assets	2 447 000	2 032 000	1 666 000	1 113 000
Total Assets	3 839 000	2 799 000	2 524 000	2 068 000
Total Equity	1 780 000	1 466 000	1 319 000	1 153 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	566 000	340 000	0	0
Creditors	518 000	284 000	72 000	143 000
Unpaid Taxes	153 000	75 000	134 000	85 000
Dividends	400 000	200 000	0	0
Other Current Debt	255 000	76 000	553 000	550 000
Total Current Debt	1 493 000	993 000	1 205 000	915 000
Total Equity and Debt	3 839 000	2 799 000	2 524 000	2 068 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,11 %	23,67 %	12,59 %	−5,2 %
Debt-to-Equity Ratio	0,32	0,23	0	0
Operating Profit Margin	15,34 %	16,75 %	11,04 %	−3,3 %
Current Ratio	1,64	2,05	1,38	1,22
Quick Ratio	−15,99	−4,61	15,57	6,55
Equity Ratio	0,46	0,52	0,52	0,56
Gross Profit Margin	49,32 %	69,79 %	77,3 %	55,45 %