ØSTLANDSKE VVS AS

1086 OSLO

Finances

Return on Equity

94,11 %

Current Ratio

1,36

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	73 579 000	57 199 000	43 014 000	82 306 000
Net Income	11 211 000	9 281 000	6 309 000	11 738 000
Total Assets	42 955 000	45 404 000	29 000 000	33 368 000
Total Equity	11 913 000	10 702 000	11 421 000	18 712 000

Income (NOK)	2022	2021	2020	2019
Revenue	73 579 000	57 199 000	43 014 000	82 306 000
Expenditure	58 640 000	45 250 000	35 118 000	67 356 000
Operating Profit	14 939 000	11 950 000	7 896 000	14 951 000
Financial Income	170 000	194 000	214 000	181 000
Financial Costs	81 000	194 000	8 000	24 000
Financial Balance	89 000	0	206 000	157 000
Earnings Before Tax	15 028 000	11 949 000	8 102 000	15 108 000
Tax	3 817 000	2 668 000	1 794 000	3 369 000
Net Income	11 211 000	9 281 000	6 309 000	11 738 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	631 000	836 000	774 000	933 000
Total Current Assets	42 323 000	44 569 000	28 226 000	32 434 000
Total Assets	42 955 000	45 404 000	29 000 000	33 368 000
Total Retained Equity	11 813 000	10 602 000	11 321 000	18 612 000
Total Equity	11 913 000	10 702 000	11 421 000	18 712 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	31 042 000	34 702 000	17 579 000	14 655 000
Total Equity and Debt	42 955 000	45 404 000	29 000 000	33 368 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	73 203 000	56 846 000	43 412 000	81 704 000
Other Income	377 000	353 000	−398 000	602 000
Revenue	73 579 000	57 199 000	43 014 000	82 306 000
Cost of Goods Sold	22 728 000	18 665 000	12 877 000	42 601 000
Salary Costs	27 036 000	20 658 000	16 518 000	19 549 000
Depreciation	296 000	250 000	243 000	244 000
Impairment	0	0	0	0
Expenditure	58 640 000	45 250 000	35 118 000	67 356 000
Operating Profit	14 939 000	11 950 000	7 896 000	14 951 000
Financial Income	170 000	194 000	214 000	181 000
Financial Costs	81 000	194 000	8 000	24 000
Financial Balance	89 000	0	206 000	157 000
Dividends	10 000 000	10 000 000	10 000 000	0
Net Income	11 211 000	9 281 000	6 309 000	11 738 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	107 000	72 000	10 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	611 000	709 000	660 000	903 000
Total Tangible Assets	611 000	709 000	660 000	903 000
Total Fiancial Fixed Assets	20 000	20 000	41 000	20 000
Total Fixed Assets	631 000	836 000	774 000	933 000
Stock	100 000	100 000	100 000	300 000
Total Investments	0	0	0	0
Cash, Bank	18 732 000	30 452 000	20 422 000	16 425 000
Total Current Assets	42 323 000	44 569 000	28 226 000	32 434 000
Total Assets	42 955 000	45 404 000	29 000 000	33 368 000
Total Equity	11 913 000	10 702 000	11 421 000	18 712 000
Short-Term Group Debt	135 000	16 857 000	503 000	233 000
Total Long-Term Debt	0	0	0	0
Creditors	6 912 000	5 211 000	544 000	4 234 000
Unpaid Taxes	4 500 000	3 444 000	1 754 000	3 559 000
Dividends	10 000 000	10 000 000	10 000 000	0
Other Current Debt	5 784 000	6 487 000	2 922 000	3 367 000
Total Current Debt	31 042 000	34 702 000	17 579 000	14 655 000
Total Equity and Debt	42 955 000	45 404 000	29 000 000	33 368 000

Financial indicators	2022	2021	2020	2019
Return on Equity	94,11 %	86,72 %	55,24 %	62,73 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	20,3 %	20,89 %	18,36 %	18,17 %
Current Ratio	1,36	1,28	1,61	2,21
Quick Ratio	1,37	1,29	1,61	2,26
Equity Ratio	0,28	0,24	0,39	0,56
Gross Profit Margin	69,11 %	67,37 %	70,06 %	48,24 %