VEITEKNISK INSTITUTT

1363 HØVIK

Finances

Share Ownership

Return on Equity

19,1 %

Current Ratio

3,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 083 000	28 133 000	21 148 000	24 173 000
Net Income	3 270 000	3 107 000	560 000	1 157 000
Total Assets	22 108 000	19 182 000	14 238 000	14 642 000
Total Equity	17 116 000	13 846 000	10 739 000	10 180 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 083 000	28 133 000	21 148 000	24 173 000
Expenditure	25 075 000	24 106 000	20 536 000	23 003 000
Operating Profit	4 008 000	4 026 000	611 000	1 170 000
Financial Income	234 000	3 000	154 000	357 000
Financial Costs	9 000	10 000	17 000	15 000
Financial Balance	225 000	−7 000	137 000	342 000
Earnings Before Tax	4 232 000	4 020 000	748 000	1 512 000
Tax	962 000	913 000	188 000	355 000
Net Income	3 270 000	3 107 000	560 000	1 157 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 847 000	2 983 000	2 727 000	3 047 000
Total Current Assets	19 261 000	16 200 000	11 511 000	11 595 000
Total Assets	22 108 000	19 182 000	14 238 000	14 642 000
Total Retained Equity	17 116 000	13 846 000	10 739 000	10 180 000
Total Equity	17 116 000	13 846 000	10 739 000	10 180 000
Total Long-Term Debt	20 000	34 000	46 000	50 000
Total Current Debt	4 971 000	5 303 000	3 453 000	4 412 000
Total Equity and Debt	22 108 000	19 182 000	14 238 000	14 642 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	29 081 000	28 132 000	21 145 000	24 118 000
Other Income	2 000	1 000	3 000	55 000
Revenue	29 083 000	28 133 000	21 148 000	24 173 000
Cost of Goods Sold	2 302 000	2 199 000	1 275 000	2 632 000
Salary Costs	15 434 000	14 636 000	13 485 000	13 498 000
Depreciation	738 000	746 000	633 000	621 000
Impairment	0	0	0	0
Expenditure	25 075 000	24 106 000	20 536 000	23 003 000
Operating Profit	4 008 000	4 026 000	611 000	1 170 000
Financial Income	234 000	3 000	154 000	357 000
Financial Costs	9 000	10 000	17 000	15 000
Financial Balance	225 000	−7 000	137 000	342 000
Dividends	0	0	0	0
Net Income	3 270 000	3 107 000	560 000	1 157 000

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	0	0	0	0
Fixtures	2 847 000	2 983 000	2 727 000	3 052 000
Total Tangible Assets	2 847 000	2 983 000	2 727 000	3 052 000
Total Fiancial Fixed Assets	0	0	0	−5 000
Total Fixed Assets	2 847 000	2 983 000	2 727 000	3 047 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	17 319 000	14 285 000	9 942 000	10 030 000
Total Current Assets	19 261 000	16 200 000	11 511 000	11 595 000
Total Assets	22 108 000	19 182 000	14 238 000	14 642 000
Total Equity	17 116 000	13 846 000	10 739 000	10 180 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	20 000	34 000	46 000	50 000
Creditors	324 000	422 000	239 000	560 000
Unpaid Taxes	1 306 000	1 692 000	1 208 000	1 520 000
Dividends	0	0	0	0
Other Current Debt	2 389 000	2 279 000	1 828 000	2 012 000
Total Current Debt	4 971 000	5 303 000	3 453 000	4 412 000
Total Equity and Debt	22 108 000	19 182 000	14 238 000	14 642 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,1 %	22,44 %	5,21 %	11,37 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,78 %	14,31 %	2,89 %	4,84 %
Current Ratio	3,87	3,05	3,33	2,63
Quick Ratio	3,87	3,05	3,33	2,63
Equity Ratio	0,77	0,72	0,75	0,7
Gross Profit Margin	92,08 %	92,18 %	93,97 %	89,11 %