VEMAS AS

8402 SORTLAND

Finances

Return on Equity

31,25 %

Current Ratio

2,21

Debt-to-Equity Ratio

3,91

Key figures (NOK)	2022	2021	2020	2019
Revenue	26 076 000	27 306 000	24 210 000	11 056 000
Net Income	790 000	697 000	408 000	−12 000
Total Assets	20 065 000	10 149 000	10 213 000	5 018 000
Total Equity	2 528 000	1 737 000	1 440 000	1 032 000

Income (NOK)	2022	2021	2020	2019
Revenue	26 076 000	27 306 000	24 210 000	11 056 000
Expenditure	24 678 000	26 151 000	23 453 000	10 955 000
Operating Profit	1 397 000	1 154 000	757 000	101 000
Financial Income	1 000	10 000	3 000	1 000
Financial Costs	376 000	264 000	243 000	115 000
Financial Balance	−375 000	−254 000	−240 000	−114 000
Earnings Before Tax	1 023 000	901 000	517 000	−12 000
Tax	232 000	204 000	109 000	0
Net Income	790 000	697 000	408 000	−12 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 173 000	748 000	809 000	232 000
Total Current Assets	16 893 000	9 401 000	9 404 000	4 786 000
Total Assets	20 065 000	10 149 000	10 213 000	5 018 000
Total Retained Equity	2 428 000	1 637 000	1 340 000	932 000
Total Equity	2 528 000	1 737 000	1 440 000	1 032 000
Total Long-Term Debt	9 887 000	5 384 000	4 981 000	583 000
Total Current Debt	7 651 000	3 028 000	3 792 000	3 403 000
Total Equity and Debt	20 065 000	10 149 000	10 213 000	5 018 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	25 883 000	27 235 000	24 133 000	11 053 000
Other Income	193 000	71 000	77 000	3 000
Revenue	26 076 000	27 306 000	24 210 000	11 056 000
Cost of Goods Sold	20 895 000	22 354 000	20 661 000	9 401 000
Salary Costs	1 637 000	1 853 000	1 087 000	790 000
Depreciation	134 000	107 000	86 000	31 000
Impairment	0	0	0	0
Expenditure	24 678 000	26 151 000	23 453 000	10 955 000
Operating Profit	1 397 000	1 154 000	757 000	101 000
Financial Income	1 000	10 000	3 000	1 000
Financial Costs	376 000	264 000	243 000	115 000
Financial Balance	−375 000	−254 000	−240 000	−114 000
Dividends	0	0	0	0
Net Income	790 000	697 000	408 000	−12 000

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	998 000	625 000	639 000	232 000
Total Tangible Assets	998 000	625 000	639 000	232 000
Total Fiancial Fixed Assets	2 175 000	123 000	170 000	0
Total Fixed Assets	3 173 000	748 000	809 000	232 000
Stock	16 374 000	8 012 000	8 306 000	3 559 000
Total Investments	0	0	0	0
Cash, Bank	0	69 000	25 000	858 000
Total Current Assets	16 893 000	9 401 000	9 404 000	4 786 000
Total Assets	20 065 000	10 149 000	10 213 000	5 018 000
Total Equity	2 528 000	1 737 000	1 440 000	1 032 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	9 887 000	5 384 000	4 981 000	583 000
Creditors	7 892 000	2 411 000	3 192 000	3 492 000
Unpaid Taxes	−1 508 000	86 000	38 000	−164 000
Dividends	0	0	0	0
Other Current Debt	197 000	159 000	149 000	76 000
Total Current Debt	7 651 000	3 028 000	3 792 000	3 403 000
Total Equity and Debt	20 065 000	10 149 000	10 213 000	5 018 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,25 %	40,13 %	28,33 %	−1,16 %
Debt-to-Equity Ratio	3,91	3,1	3,46	0,56
Operating Profit Margin	5,36 %	4,23 %	3,13 %	0,91 %
Current Ratio	2,21	3,1	2,48	1,41
Quick Ratio	−1,94	−1,89	−2,08	−30,68
Equity Ratio	0,13	0,17	0,14	0,21
Gross Profit Margin	19,87 %	18,14 %	14,66 %	14,97 %