VEVLE MEK VERKSTAD AS

5281 VALESTRANDSFOSSEN

Finances

Share Ownership

Return on Equity

22,59 %

Current Ratio

2,13

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 871 000	25 130 000	21 482 000	22 006 000
Net Income	2 313 000	1 193 000	963 000	1 541 000
Total Assets	18 188 000	11 829 000	10 081 000	9 842 000
Total Equity	10 237 000	7 924 000	6 731 000	5 769 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 871 000	25 130 000	21 482 000	22 006 000
Expenditure	33 041 000	23 587 000	20 229 000	20 019 000
Operating Profit	2 830 000	1 542 000	1 253 000	1 988 000
Financial Income	160 000	7 000	15 000	15 000
Financial Costs	23 000	18 000	32 000	14 000
Financial Balance	137 000	−11 000	−17 000	1 000
Earnings Before Tax	2 967 000	1 530 000	1 235 000	1 989 000
Tax	654 000	337 000	272 000	448 000
Net Income	2 313 000	1 193 000	963 000	1 541 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 240 000	1 221 000	1 297 000	792 000
Total Current Assets	16 948 000	10 607 000	8 784 000	9 050 000
Total Assets	18 188 000	11 829 000	10 081 000	9 842 000
Total Retained Equity	10 137 000	7 824 000	6 631 000	5 669 000
Total Equity	10 237 000	7 924 000	6 731 000	5 769 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	7 951 000	3 905 000	3 349 000	4 073 000
Total Equity and Debt	18 188 000	11 829 000	10 081 000	9 842 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 871 000	25 130 000	21 482 000	22 006 000
Other Income	0	0	0	0
Revenue	35 871 000	25 130 000	21 482 000	22 006 000
Cost of Goods Sold	18 652 000	12 560 000	10 037 000	9 677 000
Salary Costs	9 504 000	7 640 000	7 125 000	7 263 000
Depreciation	216 000	176 000	144 000	132 000
Impairment	0	0	0	0
Expenditure	33 041 000	23 587 000	20 229 000	20 019 000
Operating Profit	2 830 000	1 542 000	1 253 000	1 988 000
Financial Income	160 000	7 000	15 000	15 000
Financial Costs	23 000	18 000	32 000	14 000
Financial Balance	137 000	−11 000	−17 000	1 000
Dividends	0	0	0	0
Net Income	2 313 000	1 193 000	963 000	1 541 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	19 000	32 000	41 000	71 000
Real Eastate	0	313 000	313 000	313 000
Machinery and Plant Facilities	1 221 000	876 000	943 000	408 000
Fixtures	0	0	0	0
Total Tangible Assets	1 221 000	1 189 000	1 256 000	721 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 240 000	1 221 000	1 297 000	792 000
Stock	1 186 000	788 000	817 000	614 000
Total Investments	0	0	0	0
Cash, Bank	7 715 000	3 906 000	3 361 000	2 310 000
Total Current Assets	16 948 000	10 607 000	8 784 000	9 050 000
Total Assets	18 188 000	11 829 000	10 081 000	9 842 000
Total Equity	10 237 000	7 924 000	6 731 000	5 769 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 766 000	1 573 000	1 455 000	1 541 000
Unpaid Taxes	1 372 000	1 227 000	970 000	1 362 000
Dividends	0	0	0	0
Other Current Debt	2 172 000	776 000	682 000	690 000
Total Current Debt	7 951 000	3 905 000	3 349 000	4 073 000
Total Equity and Debt	18 188 000	11 829 000	10 081 000	9 842 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,59 %	15,06 %	14,31 %	26,71 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,89 %	6,14 %	5,83 %	9,03 %
Current Ratio	2,13	2,72	2,62	2,22
Quick Ratio	2,51	3,4	3,47	2,62
Equity Ratio	0,56	0,67	0,67	0,59
Gross Profit Margin	48 %	50,02 %	53,28 %	56,03 %