VESTFOSSEN MEK VERKSTED AS

3320 VESTFOSSEN

Finances

Share Ownership

Return on Equity

54,59 %

Current Ratio

1,58

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 859 000	14 119 000	15 638 000	14 829 000
Net Income	1 647 000	1 165 000	1 841 000	1 780 000
Total Assets	7 693 000	6 437 000	6 836 000	6 624 000
Total Equity	3 017 000	2 870 000	2 705 000	2 416 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 859 000	14 119 000	15 638 000	14 829 000
Expenditure	12 753 000	12 628 000	13 283 000	12 543 000
Operating Profit	2 106 000	1 491 000	2 356 000	2 287 000
Financial Income	7 000	6 000	10 000	7 000
Financial Costs	0	0	1 000	1 000
Financial Balance	7 000	6 000	9 000	6 000
Earnings Before Tax	2 113 000	1 497 000	2 365 000	2 293 000
Tax	465 000	331 000	524 000	513 000
Net Income	1 647 000	1 165 000	1 841 000	1 780 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	309 000	213 000	303 000	497 000
Total Current Assets	7 384 000	6 225 000	6 533 000	6 127 000
Total Assets	7 693 000	6 437 000	6 836 000	6 624 000
Total Retained Equity	2 917 000	2 770 000	2 605 000	2 316 000
Total Equity	3 017 000	2 870 000	2 705 000	2 416 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 676 000	3 567 000	4 132 000	4 208 000
Total Equity and Debt	7 693 000	6 437 000	6 836 000	6 624 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 859 000	13 764 000	15 635 000	14 824 000
Other Income	0	356 000	3 000	5 000
Revenue	14 859 000	14 119 000	15 638 000	14 829 000
Cost of Goods Sold	5 028 000	5 116 000	5 941 000	5 186 000
Salary Costs	5 614 000	5 695 000	5 420 000	5 504 000
Depreciation	77 000	90 000	167 000	168 000
Impairment	0	0	0	0
Expenditure	12 753 000	12 628 000	13 283 000	12 543 000
Operating Profit	2 106 000	1 491 000	2 356 000	2 287 000
Financial Income	7 000	6 000	10 000	7 000
Financial Costs	0	0	1 000	1 000
Financial Balance	7 000	6 000	9 000	6 000
Dividends	1 500 000	1 000 000	1 500 000	2 000 000
Net Income	1 647 000	1 165 000	1 841 000	1 780 000

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	309 000	213 000	303 000	497 000
Total Tangible Assets	309 000	213 000	303 000	497 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	309 000	213 000	303 000	497 000
Stock	191 000	181 000	229 000	235 000
Total Investments	0	0	0	0
Cash, Bank	4 698 000	4 065 000	4 637 000	3 657 000
Total Current Assets	7 384 000	6 225 000	6 533 000	6 127 000
Total Assets	7 693 000	6 437 000	6 836 000	6 624 000
Total Equity	3 017 000	2 870 000	2 705 000	2 416 000
Short-Term Group Debt	0	66 000	66 000	0
Total Long-Term Debt	0	0	0	0
Creditors	708 000	334 000	256 000	454 000
Unpaid Taxes	830 000	742 000	816 000	630 000
Dividends	1 500 000	1 000 000	1 500 000	2 000 000
Other Current Debt	1 172 000	1 094 000	983 000	612 000
Total Current Debt	4 676 000	3 567 000	4 132 000	4 208 000
Total Equity and Debt	7 693 000	6 437 000	6 836 000	6 624 000

Financial indicators	2022	2021	2020	2019
Return on Equity	54,59 %	40,59 %	68,06 %	73,68 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	14,17 %	10,56 %	15,07 %	15,42 %
Current Ratio	1,58	1,75	1,58	1,46
Quick Ratio	1,65	1,84	1,67	1,54
Equity Ratio	0,39	0,45	0,4	0,36
Gross Profit Margin	66,16 %	63,77 %	62,01 %	65,03 %