VETÅS SERVICE AS

5936 MANGER

Finances

Return on Equity

27,98 %

Current Ratio

1,94

Debt-to-Equity Ratio

0,37

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 831 000	3 516 000	3 839 000	2 645 000
Net Income	345 000	282 000	261 000	70 000
Total Assets	2 354 000	2 068 000	1 296 000	714 000
Total Equity	1 233 000	888 000	805 000	545 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 831 000	3 516 000	3 839 000	2 645 000
Expenditure	3 349 000	3 138 000	3 501 000	2 555 000
Operating Profit	483 000	377 000	338 000	91 000
Financial Income	3 000	3 000	1 000	3 000
Financial Costs	43 000	18 000	5 000	5 000
Financial Balance	−40 000	−15 000	−4 000	−2 000
Earnings Before Tax	443 000	362 000	334 000	89 000
Tax	97 000	80 000	74 000	20 000
Net Income	345 000	282 000	261 000	70 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 072 000	1 031 000	213 000	266 000
Total Current Assets	1 282 000	1 036 000	1 084 000	449 000
Total Assets	2 354 000	2 068 000	1 296 000	714 000
Total Retained Equity	1 133 000	788 000	705 000	445 000
Total Equity	1 233 000	888 000	805 000	545 000
Total Long-Term Debt	460 000	772 000	42 000	69 000
Total Current Debt	661 000	409 000	449 000	100 000
Total Equity and Debt	2 354 000	2 068 000	1 296 000	714 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 816 000	3 516 000	3 833 000	2 547 000
Other Income	15 000	0	6 000	98 000
Revenue	3 831 000	3 516 000	3 839 000	2 645 000
Cost of Goods Sold	2 843 000	2 607 000	3 129 000	2 092 000
Salary Costs	0	6 000	3 000	0
Depreciation	142 000	85 000	10 000	24 000
Impairment	0	0	0	0
Expenditure	3 349 000	3 138 000	3 501 000	2 555 000
Operating Profit	483 000	377 000	338 000	91 000
Financial Income	3 000	3 000	1 000	3 000
Financial Costs	43 000	18 000	5 000	5 000
Financial Balance	−40 000	−15 000	−4 000	−2 000
Dividends	0	200 000	0	40 000
Net Income	345 000	282 000	261 000	70 000

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	342 000	542 000	3 000	12 000
Fixtures	222 000	279 000	0	43 000
Total Tangible Assets	564 000	821 000	3 000	56 000
Total Fiancial Fixed Assets	508 000	210 000	210 000	210 000
Total Fixed Assets	1 072 000	1 031 000	213 000	266 000
Stock	834 000	745 000	629 000	376 000
Total Investments	0	0	0	0
Cash, Bank	201 000	182 000	390 000	55 000
Total Current Assets	1 282 000	1 036 000	1 084 000	449 000
Total Assets	2 354 000	2 068 000	1 296 000	714 000
Total Equity	1 233 000	888 000	805 000	545 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	460 000	772 000	42 000	69 000
Creditors	270 000	80 000	327 000	59 000
Unpaid Taxes	26 000	3 000	27 000	14 000
Dividends	0	200 000	0	40 000
Other Current Debt	267 000	268 000	13 000	12 000
Total Current Debt	661 000	409 000	449 000	100 000
Total Equity and Debt	2 354 000	2 068 000	1 296 000	714 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,98 %	31,76 %	32,42 %	12,84 %
Debt-to-Equity Ratio	0,37	0,87	0,05	0,13
Operating Profit Margin	12,61 %	10,72 %	8,8 %	3,44 %
Current Ratio	1,94	2,53	2,41	4,49
Quick Ratio	−7,41	−3,08	−6,02	−1,63
Equity Ratio	0,52	0,43	0,62	0,76
Gross Profit Margin	25,79 %	25,85 %	18,49 %	20,91 %