VENOTEK AS

5119 ULSET

Finances

Share Ownership

Return on Equity

−73,01 %

Current Ratio

1,08

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 731 000	10 263 000	8 591 000	10 006 000
Net Income	−165 000	−122 000	195 000	21 000
Total Assets	2 785 000	2 980 000	2 382 000	2 429 000
Total Equity	226 000	390 000	512 000	317 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 731 000	10 263 000	8 591 000	10 006 000
Expenditure	9 829 000	10 366 000	8 374 000	9 962 000
Operating Profit	−98 000	−104 000	216 000	45 000
Financial Income	17 000	28 000	11 000	19 000
Financial Costs	83 000	46 000	19 000	44 000
Financial Balance	−66 000	−18 000	−8 000	−25 000
Earnings Before Tax	−165 000	−122 000	209 000	21 000
Tax	0	0	14 000	0
Net Income	−165 000	−122 000	195 000	21 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	33 000	33 000	33 000	92 000
Total Current Assets	2 752 000	2 947 000	2 349 000	2 336 000
Total Assets	2 785 000	2 980 000	2 382 000	2 429 000
Total Retained Equity	26 000	190 000	312 000	117 000
Total Equity	226 000	390 000	512 000	317 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 559 000	2 589 000	1 869 000	2 111 000
Total Equity and Debt	2 785 000	2 980 000	2 382 000	2 429 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 726 000	10 263 000	8 591 000	10 006 000
Other Income	5 000	0	0	0
Revenue	9 731 000	10 263 000	8 591 000	10 006 000
Cost of Goods Sold	5 488 000	6 062 000	4 572 000	5 840 000
Salary Costs	3 089 000	3 099 000	2 504 000	2 711 000
Depreciation	0	0	46 000	49 000
Impairment	0	0	0	0
Expenditure	9 829 000	10 366 000	8 374 000	9 962 000
Operating Profit	−98 000	−104 000	216 000	45 000
Financial Income	17 000	28 000	11 000	19 000
Financial Costs	83 000	46 000	19 000	44 000
Financial Balance	−66 000	−18 000	−8 000	−25 000
Dividends	0	0	0	0
Net Income	−165 000	−122 000	195 000	21 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	33 000	33 000	33 000	46 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	46 000
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	46 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	33 000	33 000	33 000	92 000
Stock	1 090 000	1 088 000	770 000	770 000
Total Investments	150 000	160 000	132 000	120 000
Cash, Bank	123 000	116 000	104 000	111 000
Total Current Assets	2 752 000	2 947 000	2 349 000	2 336 000
Total Assets	2 785 000	2 980 000	2 382 000	2 429 000
Total Equity	226 000	390 000	512 000	317 000
Short-Term Group Debt	83 000	183 000	183 000	283 000
Total Long-Term Debt	0	0	0	0
Creditors	818 000	987 000	830 000	848 000
Unpaid Taxes	491 000	394 000	429 000	430 000
Dividends	0	0	0	0
Other Current Debt	302 000	267 000	293 000	234 000
Total Current Debt	2 559 000	2 589 000	1 869 000	2 111 000
Total Equity and Debt	2 785 000	2 980 000	2 382 000	2 429 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−73,01 %	−31,28 %	38,09 %	6,62 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1,01 %	−1,01 %	2,51 %	0,45 %
Current Ratio	1,08	1,14	1,26	1,11
Quick Ratio	1,87	1,96	2,14	1,74
Equity Ratio	0,08	0,13	0,21	0,13
Gross Profit Margin	43,6 %	40,93 %	46,78 %	41,64 %