VENÅSEN RØRSERVICE AS

3515 HØNEFOSS

Finances

Return on Equity

−79,01 %

Current Ratio

1,52

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	23 206 000	22 427 000	22 307 000	26 890 000
Net Income	−4 731 000	−2 519 000	−1 364 000	−2 291 000
Total Assets	16 280 000	13 671 000	12 630 000	14 312 000
Total Equity	5 988 000	6 092 000	6 083 000	5 977 000

Income (NOK)	2022	2021	2020	2019
Revenue	23 206 000	22 427 000	22 307 000	26 890 000
Expenditure	27 771 000	24 839 000	23 650 000	29 682 000
Operating Profit	−4 565 000	−2 413 000	−1 342 000	−2 793 000
Financial Income	1 000	1 000	81 000	3 000
Financial Costs	194 000	98 000	90 000	142 000
Financial Balance	−193 000	−97 000	−9 000	−139 000
Earnings Before Tax	−4 758 000	−2 510 000	−1 350 000	−2 931 000
Tax	−28 000	9 000	13 000	−641 000
Net Income	−4 731 000	−2 519 000	−1 364 000	−2 291 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	631 000	289 000	458 000	698 000
Total Current Assets	15 649 000	13 382 000	12 172 000	13 614 000
Total Assets	16 280 000	13 671 000	12 630 000	14 312 000
Total Retained Equity	−9 186 000	−4 456 000	−1 937 000	−573 000
Total Equity	5 988 000	6 092 000	6 083 000	5 977 000
Total Long-Term Debt	0	0	0	1 284 000
Total Current Debt	10 292 000	7 579 000	6 547 000	7 052 000
Total Equity and Debt	16 280 000	13 671 000	12 630 000	14 312 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	23 198 000	22 396 000	22 266 000	26 890 000
Other Income	8 000	31 000	41 000	0
Revenue	23 206 000	22 427 000	22 307 000	26 890 000
Cost of Goods Sold	12 251 000	11 148 000	10 115 000	13 509 000
Salary Costs	9 562 000	8 546 000	8 412 000	10 402 000
Depreciation	164 000	207 000	227 000	271 000
Impairment	0	0	0	0
Expenditure	27 771 000	24 839 000	23 650 000	29 682 000
Operating Profit	−4 565 000	−2 413 000	−1 342 000	−2 793 000
Financial Income	1 000	1 000	81 000	3 000
Financial Costs	194 000	98 000	90 000	142 000
Financial Balance	−193 000	−97 000	−9 000	−139 000
Dividends	0	0	0	0
Net Income	−4 731 000	−2 519 000	−1 364 000	−2 291 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	259 000	150 000	159 000	172 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	277 000	0	0	0
Fixtures	40 000	138 000	267 000	459 000
Total Tangible Assets	372 000	138 000	298 000	525 000
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	631 000	289 000	458 000	698 000
Stock	5 194 000	5 800 000	5 953 000	5 962 000
Total Investments	94 000	94 000	94 000	16 000
Cash, Bank	367 000	319 000	353 000	345 000
Total Current Assets	15 649 000	13 382 000	12 172 000	13 614 000
Total Assets	16 280 000	13 671 000	12 630 000	14 312 000
Total Equity	5 988 000	6 092 000	6 083 000	5 977 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	1 284 000
Creditors	3 724 000	1 886 000	2 572 000	2 833 000
Unpaid Taxes	1 041 000	900 000	908 000	992 000
Dividends	0	0	0	0
Other Current Debt	4 380 000	2 892 000	1 805 000	2 015 000
Total Current Debt	10 292 000	7 579 000	6 547 000	7 052 000
Total Equity and Debt	16 280 000	13 671 000	12 630 000	14 312 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−79,01 %	−41,35 %	−22,42 %	−38,33 %
Debt-to-Equity Ratio	0	0	0	0,21
Operating Profit Margin	−19,67 %	−10,76 %	−6,02 %	−10,39 %
Current Ratio	1,52	1,77	1,86	1,93
Quick Ratio	3,07	7,52	20,49	12,49
Equity Ratio	0,37	0,45	0,48	0,42
Gross Profit Margin	47,21 %	50,29 %	54,66 %	49,76 %