T. VESTNES AS

3243 KODAL

Finances

Share Ownership

Return on Equity

48,23 %

Current Ratio

1,92

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 017 000	3 049 000	2 546 000	2 394 000
Net Income	408 000	576 000	121 000	197 000
Total Assets	1 548 000	2 321 000	1 570 000	1 239 000
Total Equity	846 000	788 000	1 012 000	891 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 017 000	3 049 000	2 546 000	2 394 000
Expenditure	2 478 000	2 232 000	2 346 000	2 163 000
Operating Profit	539 000	816 000	200 000	232 000
Financial Income	7 000	4 000	2 000	1 000
Financial Costs	67 000	61 000	69 000	36 000
Financial Balance	−60 000	−57 000	−67 000	−35 000
Earnings Before Tax	480 000	759 000	133 000	197 000
Tax	71 000	183 000	12 000	0
Net Income	408 000	576 000	121 000	197 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	201 000	39 000	77 000	119 000
Total Current Assets	1 347 000	2 282 000	1 493 000	1 120 000
Total Assets	1 548 000	2 321 000	1 570 000	1 239 000
Total Retained Equity	746 000	688 000	912 000	791 000
Total Equity	846 000	788 000	1 012 000	891 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	702 000	1 533 000	558 000	347 000
Total Equity and Debt	1 548 000	2 321 000	1 570 000	1 239 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 934 000	3 049 000	2 546 000	2 394 000
Other Income	82 000	0	0	0
Revenue	3 017 000	3 049 000	2 546 000	2 394 000
Cost of Goods Sold	966 000	986 000	1 270 000	863 000
Salary Costs	678 000	470 000	385 000	513 000
Depreciation	41 000	38 000	42 000	42 000
Impairment	0	0	0	0
Expenditure	2 478 000	2 232 000	2 346 000	2 163 000
Operating Profit	539 000	816 000	200 000	232 000
Financial Income	7 000	4 000	2 000	1 000
Financial Costs	67 000	61 000	69 000	36 000
Financial Balance	−60 000	−57 000	−67 000	−35 000
Dividends	150 000	800 000	0	0
Net Income	408 000	576 000	121 000	197 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	201 000	39 000	77 000	119 000
Total Tangible Assets	201 000	39 000	77 000	119 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	201 000	39 000	77 000	119 000
Stock	468 000	602 000	344 000	384 000
Total Investments	0	0	0	0
Cash, Bank	680 000	1 234 000	1 035 000	546 000
Total Current Assets	1 347 000	2 282 000	1 493 000	1 120 000
Total Assets	1 548 000	2 321 000	1 570 000	1 239 000
Total Equity	846 000	788 000	1 012 000	891 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	94 000	205 000	156 000	92 000
Unpaid Taxes	104 000	205 000	155 000	104 000
Dividends	150 000	800 000	0	0
Other Current Debt	282 000	140 000	234 000	151 000
Total Current Debt	702 000	1 533 000	558 000	347 000
Total Equity and Debt	1 548 000	2 321 000	1 570 000	1 239 000

Financial indicators	2022	2021	2020	2019
Return on Equity	48,23 %	73,1 %	11,96 %	22,11 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	17,87 %	26,76 %	7,86 %	9,69 %
Current Ratio	1,92	1,49	2,68	3,23
Quick Ratio	5,76	2,45	6,98	−30,27
Equity Ratio	0,55	0,34	0,64	0,72
Gross Profit Margin	67,98 %	67,66 %	50,12 %	63,95 %