VERITAS (NORWAY) AS

0250 OSLO

Finances

Share Ownership

Return on Equity

17,07 %

Current Ratio

2,92

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 311 000	20 820 000	20 716 000	16 455 000
Net Income	2 073 000	2 110 000	2 662 000	1 163 000
Total Assets	18 445 000	16 012 000	13 098 000	10 789 000
Total Equity	12 143 000	10 070 000	7 960 000	5 298 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 311 000	20 820 000	20 716 000	16 455 000
Expenditure	17 641 000	18 135 000	17 195 000	14 880 000
Operating Profit	2 670 000	2 685 000	3 521 000	1 575 000
Financial Income	13 000	28 000	8 000	43 000
Financial Costs	15 000	8 000	35 000	23 000
Financial Balance	−2 000	20 000	−27 000	20 000
Earnings Before Tax	2 668 000	2 704 000	3 494 000	1 595 000
Tax	595 000	594 000	832 000	432 000
Net Income	2 073 000	2 110 000	2 662 000	1 163 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	55 000	95 000	71 000	94 000
Total Current Assets	18 390 000	15 917 000	13 027 000	10 696 000
Total Assets	18 445 000	16 012 000	13 098 000	10 789 000
Total Retained Equity	12 043 000	9 970 000	7 860 000	5 198 000
Total Equity	12 143 000	10 070 000	7 960 000	5 298 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 302 000	5 942 000	5 138 000	5 491 000
Total Equity and Debt	18 445 000	16 012 000	13 098 000	10 789 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 311 000	20 820 000	20 716 000	16 455 000
Other Income	0	0	0	0
Revenue	20 311 000	20 820 000	20 716 000	16 455 000
Cost of Goods Sold	0	0	0	0
Salary Costs	14 819 000	14 519 000	13 690 000	11 753 000
Depreciation	42 000	32 000	34 000	20 000
Impairment	0	0	0	0
Expenditure	17 641 000	18 135 000	17 195 000	14 880 000
Operating Profit	2 670 000	2 685 000	3 521 000	1 575 000
Financial Income	13 000	28 000	8 000	43 000
Financial Costs	15 000	8 000	35 000	23 000
Financial Balance	−2 000	20 000	−27 000	20 000
Dividends	0	0	0	0
Net Income	2 073 000	2 110 000	2 662 000	1 163 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	27 000	81 000	39 000	51 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	42 000
Fixtures	28 000	14 000	32 000	0
Total Tangible Assets	28 000	14 000	32 000	42 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	55 000	95 000	71 000	94 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 971 000	10 972 000	7 709 000	7 437 000
Total Current Assets	18 390 000	15 917 000	13 027 000	10 696 000
Total Assets	18 445 000	16 012 000	13 098 000	10 789 000
Total Equity	12 143 000	10 070 000	7 960 000	5 298 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	7 000	30 000	117 000	22 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	5 937 000	4 870 000	4 202 000	5 029 000
Total Current Debt	6 302 000	5 942 000	5 138 000	5 491 000
Total Equity and Debt	18 445 000	16 012 000	13 098 000	10 789 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,07 %	20,95 %	33,44 %	21,95 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,15 %	12,9 %	17 %	9,57 %
Current Ratio	2,92	2,68	2,54	1,95
Quick Ratio	2,92	2,68	2,54	1,95
Equity Ratio	0,66	0,63	0,61	0,49
Gross Profit Margin	100 %	100 %	100 %	100 %