VERITECH AS

1383 ASKER

Finances

Share Ownership

Return on Equity

6,56 %

Current Ratio

2,1

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 715 000	3 299 000	2 225 000	3 582 000
Net Income	93 000	185 000	269 000	509 000
Total Assets	2 307 000	2 579 000	1 594 000	2 202 000
Total Equity	1 417 000	1 324 000	1 139 000	1 184 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 715 000	3 299 000	2 225 000	3 582 000
Expenditure	2 597 000	3 053 000	1 880 000	2 929 000
Operating Profit	118 000	246 000	346 000	654 000
Financial Income	0	0	0	1 000
Financial Costs	−1 000	9 000	1 000	2 000
Financial Balance	1 000	−9 000	−1 000	−1 000
Earnings Before Tax	119 000	237 000	345 000	652 000
Tax	26 000	52 000	76 000	143 000
Net Income	93 000	185 000	269 000	509 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	450 000	530 000	633 000	142 000
Total Current Assets	1 857 000	2 048 000	961 000	2 060 000
Total Assets	2 307 000	2 579 000	1 594 000	2 202 000
Total Retained Equity	1 317 000	1 224 000	1 039 000	1 084 000
Total Equity	1 417 000	1 324 000	1 139 000	1 184 000
Total Long-Term Debt	4 000	4 000	4 000	0
Total Current Debt	886 000	1 251 000	451 000	1 018 000
Total Equity and Debt	2 307 000	2 579 000	1 594 000	2 202 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 715 000	3 299 000	2 225 000	3 582 000
Other Income	0	0	0	0
Revenue	2 715 000	3 299 000	2 225 000	3 582 000
Cost of Goods Sold	80 000	28 000	87 000	162 000
Salary Costs	2 033 000	2 380 000	1 382 000	2 027 000
Depreciation	81 000	102 000	130 000	0
Impairment	0	0	0	0
Expenditure	2 597 000	3 053 000	1 880 000	2 929 000
Operating Profit	118 000	246 000	346 000	654 000
Financial Income	0	0	0	1 000
Financial Costs	−1 000	9 000	1 000	2 000
Financial Balance	1 000	−9 000	−1 000	−1 000
Dividends	0	0	314 000	0
Net Income	93 000	185 000	269 000	509 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	4 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	450 000	530 000	633 000	139 000
Total Tangible Assets	450 000	530 000	633 000	139 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	450 000	530 000	633 000	142 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 321 000	1 702 000	472 000	1 528 000
Total Current Assets	1 857 000	2 048 000	961 000	2 060 000
Total Assets	2 307 000	2 579 000	1 594 000	2 202 000
Total Equity	1 417 000	1 324 000	1 139 000	1 184 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 000	4 000	4 000	0
Creditors	7 000	31 000	21 000	152 000
Unpaid Taxes	289 000	580 000	88 000	377 000
Dividends	0	0	314 000	0
Other Current Debt	564 000	589 000	160 000	345 000
Total Current Debt	886 000	1 251 000	451 000	1 018 000
Total Equity and Debt	2 307 000	2 579 000	1 594 000	2 202 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,56 %	13,97 %	23,62 %	42,99 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,35 %	7,46 %	15,55 %	18,26 %
Current Ratio	2,1	1,64	2,13	2,02
Quick Ratio	2,1	1,64	2,13	2,02
Equity Ratio	0,61	0,51	0,71	0,54
Gross Profit Margin	97,05 %	99,15 %	96,09 %	95,48 %