VOLT ELEKTRO NARVIK AS

8514 NARVIK

Finances

Return on Equity

11,02 %

Current Ratio

1,34

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	21 714 000	24 296 000	37 115 000	23 711 000
Net Income	221 000	1 879 000	2 026 000	328 000
Total Assets	7 543 000	9 766 000	12 245 000	22 411 000
Total Equity	2 006 000	4 285 000	3 906 000	6 880 000

Income (NOK)	2022	2021	2020	2019
Revenue	21 714 000	24 296 000	37 115 000	23 711 000
Expenditure	21 434 000	21 880 000	34 500 000	23 298 000
Operating Profit	280 000	2 417 000	2 615 000	413 000
Financial Income	15 000	9 000	1 000	12 000
Financial Costs	11 000	17 000	19 000	5 000
Financial Balance	4 000	−8 000	−18 000	7 000
Earnings Before Tax	283 000	2 409 000	2 598 000	420 000
Tax	62 000	530 000	571 000	92 000
Net Income	221 000	1 879 000	2 026 000	328 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	97 000	280 000	366 000	442 000
Total Current Assets	7 446 000	9 486 000	11 878 000	21 969 000
Total Assets	7 543 000	9 766 000	12 245 000	22 411 000
Total Retained Equity	1 903 000	4 182 000	3 803 000	6 777 000
Total Equity	2 006 000	4 285 000	3 906 000	6 880 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 538 000	5 481 000	8 339 000	15 531 000
Total Equity and Debt	7 543 000	9 766 000	12 245 000	22 411 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	21 714 000	24 296 000	37 115 000	23 617 000
Other Income	0	0	0	95 000
Revenue	21 714 000	24 296 000	37 115 000	23 711 000
Cost of Goods Sold	7 277 000	7 053 000	19 596 000	9 558 000
Salary Costs	9 876 000	10 080 000	10 156 000	8 582 000
Depreciation	165 000	164 000	160 000	177 000
Impairment	0	0	0	0
Expenditure	21 434 000	21 880 000	34 500 000	23 298 000
Operating Profit	280 000	2 417 000	2 615 000	413 000
Financial Income	15 000	9 000	1 000	12 000
Financial Costs	11 000	17 000	19 000	5 000
Financial Balance	4 000	−8 000	−18 000	7 000
Dividends	2 500 000	1 500 000	5 000 000	0
Net Income	221 000	1 879 000	2 026 000	328 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	14 000	58 000	27 000	20 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	81 000	221 000	337 000	420 000
Total Tangible Assets	81 000	221 000	337 000	420 000
Total Fiancial Fixed Assets	2 000	2 000	2 000	2 000
Total Fixed Assets	97 000	280 000	366 000	442 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	386 000	481 000	481 000	480 000
Total Current Assets	7 446 000	9 486 000	11 878 000	21 969 000
Total Assets	7 543 000	9 766 000	12 245 000	22 411 000
Total Equity	2 006 000	4 285 000	3 906 000	6 880 000
Short-Term Group Debt	0	0	0	761 000
Total Long-Term Debt	0	0	0	0
Creditors	988 000	855 000	673 000	3 213 000
Unpaid Taxes	1 154 000	1 405 000	1 039 000	1 695 000
Dividends	2 500 000	1 500 000	5 000 000	0
Other Current Debt	877 000	1 161 000	1 048 000	9 851 000
Total Current Debt	5 538 000	5 481 000	8 339 000	15 531 000
Total Equity and Debt	7 543 000	9 766 000	12 245 000	22 411 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,02 %	43,85 %	51,87 %	4,77 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,29 %	9,95 %	7,05 %	1,74 %
Current Ratio	1,34	1,73	1,42	1,41
Quick Ratio	1,34	1,73	1,42	1,41
Equity Ratio	0,27	0,44	0,32	0,31
Gross Profit Margin	66,49 %	70,97 %	47,2 %	59,69 %