VETEC AS

5178 LODDEFJORD

Finances

Share Ownership

Return on Equity

−4,68 %

Current Ratio

2,39

Debt-to-Equity Ratio

0,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 234 000	1 141 000	1 150 000	870 000
Net Income	−28 000	117 000	93 000	−28 000
Total Assets	1 066 000	1 143 000	812 000	692 000
Total Equity	598 000	627 000	510 000	417 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 234 000	1 141 000	1 150 000	870 000
Expenditure	1 254 000	1 015 000	1 059 000	900 000
Operating Profit	−20 000	126 000	91 000	−30 000
Financial Income	3 000	2 000	2 000	2 000
Financial Costs	11 000	11 000	0	0
Financial Balance	−8 000	−9 000	2 000	2 000
Earnings Before Tax	−28 000	117 000	93 000	−28 000
Tax	0	0	0	0
Net Income	−28 000	117 000	93 000	−28 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	362 000	443 000	0	0
Total Current Assets	704 000	701 000	812 000	692 000
Total Assets	1 066 000	1 143 000	812 000	692 000
Total Retained Equity	488 000	517 000	400 000	307 000
Total Equity	598 000	627 000	510 000	417 000
Total Long-Term Debt	174 000	219 000	0	0
Total Current Debt	294 000	298 000	302 000	275 000
Total Equity and Debt	1 066 000	1 143 000	812 000	692 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 105 000	1 141 000	991 000	870 000
Other Income	129 000	0	159 000	0
Revenue	1 234 000	1 141 000	1 150 000	870 000
Cost of Goods Sold	0	0	154 000	0
Salary Costs	893 000	777 000	719 000	817 000
Depreciation	99 000	54 000	0	0
Impairment	0	0	0	0
Expenditure	1 254 000	1 015 000	1 059 000	900 000
Operating Profit	−20 000	126 000	91 000	−30 000
Financial Income	3 000	2 000	2 000	2 000
Financial Costs	11 000	11 000	0	0
Financial Balance	−8 000	−9 000	2 000	2 000
Dividends	0	0	0	0
Net Income	−28 000	117 000	93 000	−28 000

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	443 000	0	0
Fixtures	344 000	0	0	0
Total Tangible Assets	344 000	443 000	0	0
Total Fiancial Fixed Assets	18 000	0	0	0
Total Fixed Assets	362 000	443 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	466 000	621 000	595 000	574 000
Total Current Assets	704 000	701 000	812 000	692 000
Total Assets	1 066 000	1 143 000	812 000	692 000
Total Equity	598 000	627 000	510 000	417 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	174 000	219 000	0	0
Creditors	79 000	33 000	98 000	−3 000
Unpaid Taxes	123 000	149 000	101 000	115 000
Dividends	0	0	0	0
Other Current Debt	91 000	94 000	81 000	141 000
Total Current Debt	294 000	298 000	302 000	275 000
Total Equity and Debt	1 066 000	1 143 000	812 000	692 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−4,68 %	18,66 %	18,24 %	−6,71 %
Debt-to-Equity Ratio	0,29	0,35	0	0
Operating Profit Margin	−1,62 %	11,04 %	7,91 %	−3,45 %
Current Ratio	2,39	2,35	2,69	2,52
Quick Ratio	2,39	2,35	2,69	2,52
Equity Ratio	0,56	0,55	0,63	0,6
Gross Profit Margin	100 %	100 %	86,61 %	100 %