VANDSVIK MEK VERKSTED AS

7629 YTTERØY

Finances

Return on Equity

−52,75 %

Current Ratio

1,01

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 613 000	10 951 000	9 439 000	9 887 000
Net Income	−384 000	−3 000	219 000	1 000
Total Assets	6 979 000	7 050 000	5 688 000	5 818 000
Total Equity	728 000	1 111 000	1 114 000	895 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 613 000	10 951 000	9 439 000	9 887 000
Expenditure	11 052 000	10 896 000	9 228 000	9 820 000
Operating Profit	−440 000	55 000	211 000	67 000
Financial Income	0	1 000	25 000	11 000
Financial Costs	50 000	60 000	40 000	74 000
Financial Balance	−50 000	−59 000	−15 000	−63 000
Earnings Before Tax	−490 000	−4 000	197 000	3 000
Tax	−107 000	−1 000	−22 000	0
Net Income	−384 000	−3 000	219 000	1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	635 000	530 000	702 000	581 000
Total Current Assets	6 343 000	6 520 000	4 986 000	5 237 000
Total Assets	6 979 000	7 050 000	5 688 000	5 818 000
Total Retained Equity	428 000	811 000	814 000	595 000
Total Equity	728 000	1 111 000	1 114 000	895 000
Total Long-Term Debt	0	0	0	81 000
Total Current Debt	6 251 000	5 938 000	4 574 000	4 841 000
Total Equity and Debt	6 979 000	7 050 000	5 688 000	5 818 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 613 000	10 951 000	9 319 000	9 887 000
Other Income	0	0	120 000	0
Revenue	10 613 000	10 951 000	9 439 000	9 887 000
Cost of Goods Sold	5 573 000	5 253 000	3 895 000	4 600 000
Salary Costs	3 837 000	4 178 000	3 893 000	3 597 000
Depreciation	60 000	52 000	55 000	53 000
Impairment	0	0	0	0
Expenditure	11 052 000	10 896 000	9 228 000	9 820 000
Operating Profit	−440 000	55 000	211 000	67 000
Financial Income	0	1 000	25 000	11 000
Financial Costs	50 000	60 000	40 000	74 000
Financial Balance	−50 000	−59 000	−15 000	−63 000
Dividends	0	0	0	0
Net Income	−384 000	−3 000	219 000	1 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	160 000	54 000	49 000	64 000
Real Eastate	320 000	330 000	545 000	379 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	135 000	126 000	88 000	118 000
Total Tangible Assets	455 000	456 000	633 000	497 000
Total Fiancial Fixed Assets	20 000	20 000	20 000	20 000
Total Fixed Assets	635 000	530 000	702 000	581 000
Stock	1 541 000	1 572 000	1 050 000	1 509 000
Total Investments	0	0	0	0
Cash, Bank	182 000	209 000	197 000	143 000
Total Current Assets	6 343 000	6 520 000	4 986 000	5 237 000
Total Assets	6 979 000	7 050 000	5 688 000	5 818 000
Total Equity	728 000	1 111 000	1 114 000	895 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	81 000
Creditors	410 000	495 000	915 000	343 000
Unpaid Taxes	1 125 000	1 086 000	929 000	1 099 000
Dividends	0	0	0	0
Other Current Debt	4 354 000	3 726 000	2 668 000	2 990 000
Total Current Debt	6 251 000	5 938 000	4 574 000	4 841 000
Total Equity and Debt	6 979 000	7 050 000	5 688 000	5 818 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−52,75 %	−0,27 %	19,66 %	0,11 %
Debt-to-Equity Ratio	0	0	0	0,09
Operating Profit Margin	−4,15 %	0,5 %	2,24 %	0,68 %
Current Ratio	1,01	1,1	1,09	1,08
Quick Ratio	1,35	1,49	1,41	1,57
Equity Ratio	0,1	0,16	0,2	0,15
Gross Profit Margin	47,49 %	52,03 %	58,74 %	53,47 %