VEV ROMERIKE AS

1960 LØKEN

Finances

Share Ownership

Return on Equity

10,67 %

Current Ratio

0,78

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	169 257 000	112 088 000	61 012 000	45 049 000
Net Income	10 556 000	9 401 000	8 509 000	7 255 000
Total Assets	156 778 000	118 386 000	97 048 000	25 042 000
Total Equity	98 904 000	87 538 000	75 360 000	16 156 000

Income (NOK)	2022	2021	2020	2019
Revenue	169 257 000	112 088 000	61 012 000	45 049 000
Expenditure	155 860 000	100 109 000	50 174 000	35 679 000
Operating Profit	13 396 000	11 978 000	10 838 000	9 371 000
Financial Income	138 000	77 000	105 000	101 000
Financial Costs	1 000	1 000	30 000	171 000
Financial Balance	137 000	76 000	75 000	−70 000
Earnings Before Tax	13 533 000	12 054 000	10 912 000	9 301 000
Tax	2 977 000	2 653 000	2 403 000	2 046 000
Net Income	10 556 000	9 401 000	8 509 000	7 255 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	112 829 000	96 634 000	77 176 000	18 554 000
Total Current Assets	43 949 000	21 751 000	19 872 000	6 489 000
Total Assets	156 778 000	118 386 000	97 048 000	25 042 000
Total Retained Equity	27 629 000	17 073 000	7 672 000	14 146 000
Total Equity	98 904 000	87 538 000	75 360 000	16 156 000
Total Long-Term Debt	1 753 000	1 876 000	0	0
Total Current Debt	56 121 000	28 971 000	21 688 000	8 887 000
Total Equity and Debt	156 778 000	118 386 000	97 048 000	25 042 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	169 257 000	112 088 000	61 012 000	45 049 000
Other Income	0	0	0	0
Revenue	169 257 000	112 088 000	61 012 000	45 049 000
Cost of Goods Sold	102 054 000	55 342 000	9 611 000	320 000
Salary Costs	10 315 000	9 171 000	8 379 000	8 217 000
Depreciation	11 576 000	9 028 000	8 537 000	4 286 000
Impairment	0	0	0	0
Expenditure	155 860 000	100 109 000	50 174 000	35 679 000
Operating Profit	13 396 000	11 978 000	10 838 000	9 371 000
Financial Income	138 000	77 000	105 000	101 000
Financial Costs	1 000	1 000	30 000	171 000
Financial Balance	137 000	76 000	75 000	−70 000
Dividends	0	0	0	0
Net Income	10 556 000	9 401 000	8 509 000	7 255 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	1 575 000	261 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	112 404 000	96 237 000	75 320 000	18 219 000
Fixtures	109 000	170 000	192 000	53 000
Total Tangible Assets	112 514 000	96 407 000	75 512 000	18 271 000
Total Fiancial Fixed Assets	315 000	227 000	90 000	21 000
Total Fixed Assets	112 829 000	96 634 000	77 176 000	18 554 000
Stock	1 611 000	1 171 000	1 084 000	50 000
Total Investments	0	0	0	0
Cash, Bank	3 177 000	797 000	4 911 000	4 531 000
Total Current Assets	43 949 000	21 751 000	19 872 000	6 489 000
Total Assets	156 778 000	118 386 000	97 048 000	25 042 000
Total Equity	98 904 000	87 538 000	75 360 000	16 156 000
Short-Term Group Debt	11 198 000	7 859 000	525 000	525 000
Total Long-Term Debt	1 753 000	1 876 000	0	0
Creditors	5 279 000	4 153 000	16 998 000	3 890 000
Unpaid Taxes	1 430 000	1 008 000	921 000	754 000
Dividends	0	0	0	0
Other Current Debt	34 885 000	15 951 000	3 244 000	1 792 000
Total Current Debt	56 121 000	28 971 000	21 688 000	8 887 000
Total Equity and Debt	156 778 000	118 386 000	97 048 000	25 042 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,67 %	10,74 %	11,29 %	44,91 %
Debt-to-Equity Ratio	0,02	0,02	0	0
Operating Profit Margin	7,91 %	10,69 %	17,76 %	20,8 %
Current Ratio	0,78	0,75	0,92	0,73
Quick Ratio	0,81	0,78	0,96	0,73
Equity Ratio	0,63	0,74	0,78	0,65
Gross Profit Margin	39,7 %	50,63 %	84,25 %	99,29 %