VANGEN ELEKTRISKE AS

5705 VOSS

Finances

Return on Equity

−8,58 %

Current Ratio

1,26

Debt-to-Equity Ratio

3,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	96 005 000	109 918 000	76 502 000	78 140 000
Net Income	−695 000	4 046 000	1 288 000	786 000
Total Assets	65 852 000	66 762 000	54 488 000	54 965 000
Total Equity	8 103 000	13 352 000	15 377 000	16 380 000

Income (NOK)	2022	2021	2020	2019
Revenue	96 005 000	109 918 000	76 502 000	78 140 000
Expenditure	96 155 000	102 794 000	73 997 000	76 575 000
Operating Profit	−150 000	7 125 000	2 505 000	1 565 000
Financial Income	230 000	47 000	78 000	132 000
Financial Costs	1 054 000	1 352 000	933 000	689 000
Financial Balance	−824 000	−1 305 000	−855 000	−557 000
Earnings Before Tax	−975 000	5 820 000	1 650 000	1 008 000
Tax	−280 000	1 773 000	362 000	221 000
Net Income	−695 000	4 046 000	1 288 000	786 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	30 118 000	30 341 000	29 593 000	29 273 000
Total Current Assets	35 733 000	36 422 000	24 895 000	25 692 000
Total Assets	65 852 000	66 762 000	54 488 000	54 965 000
Total Retained Equity	7 803 000	13 052 000	15 077 000	16 080 000
Total Equity	8 103 000	13 352 000	15 377 000	16 380 000
Total Long-Term Debt	29 376 000	26 314 000	21 982 000	20 757 000
Total Current Debt	28 373 000	27 095 000	17 129 000	17 827 000
Total Equity and Debt	65 852 000	66 762 000	54 488 000	54 965 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	93 682 000	106 813 000	74 979 000	77 303 000
Other Income	2 324 000	3 105 000	1 523 000	837 000
Revenue	96 005 000	109 918 000	76 502 000	78 140 000
Cost of Goods Sold	46 059 000	51 434 000	28 777 000	33 699 000
Salary Costs	41 009 000	40 477 000	36 121 000	34 874 000
Depreciation	2 484 000	2 619 000	2 324 000	2 354 000
Impairment	0	0	0	0
Expenditure	96 155 000	102 794 000	73 997 000	76 575 000
Operating Profit	−150 000	7 125 000	2 505 000	1 565 000
Financial Income	230 000	47 000	78 000	132 000
Financial Costs	1 054 000	1 352 000	933 000	689 000
Financial Balance	−824 000	−1 305 000	−855 000	−557 000
Dividends	0	0	0	0
Net Income	−695 000	4 046 000	1 288 000	786 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	26 271 000	25 706 000	24 380 000	25 083 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	991 000	1 389 000	1 196 000	947 000
Total Tangible Assets	28 566 000	29 384 000	29 093 000	28 773 000
Total Fiancial Fixed Assets	1 553 000	957 000	500 000	500 000
Total Fixed Assets	30 118 000	30 341 000	29 593 000	29 273 000
Stock	3 650 000	3 450 000	3 500 000	2 950 000
Total Investments	696 000	686 000	682 000	674 000
Cash, Bank	13 991 000	10 160 000	5 644 000	3 388 000
Total Current Assets	35 733 000	36 422 000	24 895 000	25 692 000
Total Assets	65 852 000	66 762 000	54 488 000	54 965 000
Total Equity	8 103 000	13 352 000	15 377 000	16 380 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	29 376 000	26 314 000	21 982 000	20 757 000
Creditors	13 104 000	11 685 000	6 814 000	6 326 000
Unpaid Taxes	5 137 000	5 156 000	4 249 000	4 249 000
Dividends	0	0	0	0
Other Current Debt	10 133 000	10 254 000	6 066 000	7 252 000
Total Current Debt	28 373 000	27 095 000	17 129 000	17 827 000
Total Equity and Debt	65 852 000	66 762 000	54 488 000	54 965 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,58 %	30,3 %	8,38 %	4,8 %
Debt-to-Equity Ratio	3,63	1,97	1,43	1,27
Operating Profit Margin	−0,16 %	6,48 %	3,27 %	2 %
Current Ratio	1,26	1,34	1,45	1,44
Quick Ratio	1,45	1,54	1,83	1,73
Equity Ratio	0,12	0,2	0,28	0,3
Gross Profit Margin	52,02 %	53,21 %	62,38 %	56,87 %