VS ELEMENT AS

3178 VÅLE

Finances

Return on Equity

26,24 %

Current Ratio

1,85

Debt-to-Equity Ratio

1,79

Key figures (NOK)	2022	2021	2020	2019
Revenue	78 224 000	65 961 000	80 950 000	32 574 000
Net Income	4 023 000	3 769 000	3 055 000	791 000
Total Assets	53 589 000	58 666 000	58 572 000	48 330 000
Total Equity	15 332 000	12 808 000	10 329 000	7 274 000

Income (NOK)	2022	2021	2020	2019
Revenue	78 224 000	65 961 000	80 950 000	32 574 000
Expenditure	71 906 000	60 216 000	76 201 000	30 739 000
Operating Profit	6 319 000	5 747 000	4 750 000	1 836 000
Financial Income	10 000	14 000	27 000	1 000
Financial Costs	1 171 000	929 000	839 000	823 000
Financial Balance	−1 161 000	−915 000	−812 000	−822 000
Earnings Before Tax	5 158 000	4 832 000	3 938 000	1 014 000
Tax	1 135 000	1 063 000	883 000	223 000
Net Income	4 023 000	3 769 000	3 055 000	791 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	33 673 000	35 305 000	35 630 000	35 140 000
Total Current Assets	19 915 000	23 361 000	22 942 000	13 190 000
Total Assets	53 589 000	58 666 000	58 572 000	48 330 000
Total Retained Equity	14 882 000	12 358 000	9 879 000	6 824 000
Total Equity	15 332 000	12 808 000	10 329 000	7 274 000
Total Long-Term Debt	27 513 000	0	30 613 000	0
Total Current Debt	10 744 000	45 858 000	17 631 000	41 056 000
Total Equity and Debt	53 589 000	58 666 000	58 572 000	48 330 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	77 697 000	65 611 000	80 567 000	32 574 000
Other Income	527 000	351 000	383 000	0
Revenue	78 224 000	65 961 000	80 950 000	32 574 000
Cost of Goods Sold	41 710 000	31 887 000	42 160 000	12 612 000
Salary Costs	20 275 000	18 535 000	22 856 000	11 823 000
Depreciation	2 463 000	1 822 000	2 454 000	1 877 000
Impairment	0	0	0	0
Expenditure	71 906 000	60 216 000	76 201 000	30 739 000
Operating Profit	6 319 000	5 747 000	4 750 000	1 836 000
Financial Income	10 000	14 000	27 000	1 000
Financial Costs	1 171 000	929 000	839 000	823 000
Financial Balance	−1 161 000	−915 000	−812 000	−822 000
Dividends	1 500 000	1 000 000	0	0
Net Income	4 023 000	3 769 000	3 055 000	791 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	832 000	705 000	715 000	243 000
Real Eastate	30 828 000	32 779 000	34 454 000	33 152 000
Machinery and Plant Facilities	1 556 000	1 587 000	0	0
Fixtures	362 000	184 000	410 000	1 745 000
Total Tangible Assets	32 745 000	34 550 000	34 865 000	34 897 000
Total Fiancial Fixed Assets	96 000	50 000	50 000	0
Total Fixed Assets	33 673 000	35 305 000	35 630 000	35 140 000
Stock	1 352 000	705 000	336 000	628 000
Total Investments	0	0	0	0
Cash, Bank	11 378 000	9 422 000	10 361 000	59 000
Total Current Assets	19 915 000	23 361 000	22 942 000	13 190 000
Total Assets	53 589 000	58 666 000	58 572 000	48 330 000
Total Equity	15 332 000	12 808 000	10 329 000	7 274 000
Short-Term Group Debt	0	0	0	1 718 000
Total Long-Term Debt	27 513 000	0	30 613 000	0
Creditors	2 934 000	6 311 000	4 401 000	4 644 000
Unpaid Taxes	1 575 000	4 329 000	3 098 000	1 376 000
Dividends	1 500 000	1 000 000	0	0
Other Current Debt	4 973 000	5 103 000	8 777 000	4 939 000
Total Current Debt	10 744 000	45 858 000	17 631 000	41 056 000
Total Equity and Debt	53 589 000	58 666 000	58 572 000	48 330 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,24 %	29,43 %	29,58 %	10,87 %
Debt-to-Equity Ratio	1,79	0	2,96	0
Operating Profit Margin	8,08 %	8,71 %	5,87 %	5,64 %
Current Ratio	1,85	0,51	1,3	0,32
Quick Ratio	2,12	0,52	1,33	0,33
Equity Ratio	0,29	0,22	0,18	0,15
Gross Profit Margin	46,68 %	51,66 %	47,92 %	61,28 %