VESTLAND ELEKTRO OG RØR AS

6800 FØRDE

Finances

Share Ownership

Return on Equity

21,54 %

Current Ratio

1,92

Debt-to-Equity Ratio

0,57

Key figures (NOK)	2022	2021	2020	2019
Revenue	49 888 000	53 671 000	41 508 000	30 647 000
Net Income	1 689 000	3 328 000	1 039 000	342 000
Total Assets	24 832 000	23 446 000	18 419 000	12 378 000
Total Equity	7 841 000	6 152 000	3 424 000	2 385 000

Income (NOK)	2022	2021	2020	2019
Revenue	49 888 000	53 671 000	41 508 000	30 647 000
Expenditure	47 496 000	49 210 000	39 940 000	30 259 000
Operating Profit	2 391 000	4 461 000	1 568 000	388 000
Financial Income	25 000	11 000	10 000	163 000
Financial Costs	250 000	206 000	247 000	156 000
Financial Balance	−225 000	−195 000	−237 000	7 000
Earnings Before Tax	2 166 000	4 266 000	1 332 000	395 000
Tax	476 000	939 000	293 000	53 000
Net Income	1 689 000	3 328 000	1 039 000	342 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	699 000	791 000	935 000	455 000
Total Current Assets	24 133 000	22 656 000	17 485 000	11 923 000
Total Assets	24 832 000	23 446 000	18 419 000	12 378 000
Total Retained Equity	6 841 000	5 152 000	2 424 000	1 385 000
Total Equity	7 841 000	6 152 000	3 424 000	2 385 000
Total Long-Term Debt	4 437 000	5 310 000	6 261 000	4 366 000
Total Current Debt	12 554 000	11 985 000	8 735 000	5 627 000
Total Equity and Debt	24 832 000	23 446 000	18 419 000	12 378 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	49 888 000	53 668 000	41 488 000	30 427 000
Other Income	0	3 000	20 000	220 000
Revenue	49 888 000	53 671 000	41 508 000	30 647 000
Cost of Goods Sold	19 799 000	22 073 000	14 990 000	11 954 000
Salary Costs	21 148 000	21 772 000	19 723 000	14 179 000
Depreciation	328 000	316 000	268 000	212 000
Impairment	0	0	0	0
Expenditure	47 496 000	49 210 000	39 940 000	30 259 000
Operating Profit	2 391 000	4 461 000	1 568 000	388 000
Financial Income	25 000	11 000	10 000	163 000
Financial Costs	250 000	206 000	247 000	156 000
Financial Balance	−225 000	−195 000	−237 000	7 000
Dividends	0	600 000	0	300 000
Net Income	1 689 000	3 328 000	1 039 000	342 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	231 000	131 000	254 000	104 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	443 000	546 000	409 000	12 000
Fixtures	25 000	114 000	272 000	339 000
Total Tangible Assets	468 000	660 000	681 000	351 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	699 000	791 000	935 000	455 000
Stock	5 402 000	5 215 000	4 799 000	3 222 000
Total Investments	0	0	0	0
Cash, Bank	960 000	865 000	876 000	587 000
Total Current Assets	24 133 000	22 656 000	17 485 000	11 923 000
Total Assets	24 832 000	23 446 000	18 419 000	12 378 000
Total Equity	7 841 000	6 152 000	3 424 000	2 385 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 437 000	5 310 000	6 261 000	4 366 000
Creditors	4 298 000	3 661 000	3 217 000	1 787 000
Unpaid Taxes	4 155 000	3 496 000	3 049 000	2 083 000
Dividends	0	600 000	0	300 000
Other Current Debt	3 439 000	3 183 000	2 050 000	1 718 000
Total Current Debt	12 554 000	11 985 000	8 735 000	5 627 000
Total Equity and Debt	24 832 000	23 446 000	18 419 000	12 378 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,54 %	54,1 %	30,34 %	14,34 %
Debt-to-Equity Ratio	0,57	0,86	1,83	1,83
Operating Profit Margin	4,79 %	8,31 %	3,78 %	1,27 %
Current Ratio	1,92	1,89	2	2,12
Quick Ratio	3,37	3,35	4,44	4,96
Equity Ratio	0,32	0,26	0,19	0,19
Gross Profit Margin	60,31 %	58,87 %	63,89 %	60,99 %