VISUAL ENGINEERING AS

9300 FINNSNES

Finances

Return on Equity

29,89 %

Current Ratio

0,72

Debt-to-Equity Ratio

−0,98

Key figures (NOK)	2022	2021	2020	2019
Revenue	337 000	1 948 000	2 982 000	1 485 000
Net Income	−1 257 000	−1 848 000	−2 326 000	−1 337 000
Total Assets	2 365 000	6 668 000	6 777 000	5 658 000
Total Equity	−4 205 000	942 000	2 914 000	2 540 000

Income (NOK)	2022	2021	2020	2019
Revenue	337 000	1 948 000	2 982 000	1 485 000
Expenditure	2 027 000	3 796 000	5 312 000	2 777 000
Operating Profit	−1 689 000	−1 848 000	−2 331 000	−1 292 000
Financial Income	433 000	0	6 000	0
Financial Costs	1 000	0	1 000	46 000
Financial Balance	432 000	0	5 000	−46 000
Earnings Before Tax	−1 257 000	−1 848 000	−2 326 000	−1 337 000
Tax	0	0	0	0
Net Income	−1 257 000	−1 848 000	−2 326 000	−1 337 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	588 000	4 896 000	5 377 000	4 045 000
Total Current Assets	1 777 000	1 773 000	1 400 000	1 613 000
Total Assets	2 365 000	6 668 000	6 777 000	5 658 000
Total Retained Equity	−6 773 000	−1 995 000	−146 000	2 180 000
Total Equity	−4 205 000	942 000	2 914 000	2 540 000
Total Long-Term Debt	4 104 000	1 959 000	1 135 000	2 744 000
Total Current Debt	2 466 000	3 768 000	2 728 000	374 000
Total Equity and Debt	2 365 000	6 668 000	6 777 000	5 658 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	337 000	1 468 000	924 000	1 485 000
Other Income	0	480 000	2 057 000	0
Revenue	337 000	1 948 000	2 982 000	1 485 000
Cost of Goods Sold	0	40 000	1 945 000	80 000
Salary Costs	819 000	2 025 000	1 232 000	1 190 000
Depreciation	142 000	557 000	107 000	84 000
Impairment	0	0	0	0
Expenditure	2 027 000	3 796 000	5 312 000	2 777 000
Operating Profit	−1 689 000	−1 848 000	−2 331 000	−1 292 000
Financial Income	433 000	0	6 000	0
Financial Costs	1 000	0	1 000	46 000
Financial Balance	432 000	0	5 000	−46 000
Dividends	0	0	0	0
Net Income	−1 257 000	−1 848 000	−2 326 000	−1 337 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	267 000	1 950 000	2 438 000	1 563 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	105 000	150 000	219 000	302 000
Total Tangible Assets	105 000	150 000	219 000	302 000
Total Fiancial Fixed Assets	216 000	2 795 000	2 720 000	2 180 000
Total Fixed Assets	588 000	4 896 000	5 377 000	4 045 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	8 000	−4 000	632 000	446 000
Total Current Assets	1 777 000	1 773 000	1 400 000	1 613 000
Total Assets	2 365 000	6 668 000	6 777 000	5 658 000
Total Equity	−4 205 000	942 000	2 914 000	2 540 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 104 000	1 959 000	1 135 000	2 744 000
Creditors	2 439 000	3 018 000	2 503 000	107 000
Unpaid Taxes	26 000	407 000	176 000	217 000
Dividends	0	0	0	0
Other Current Debt	0	342 000	49 000	49 000
Total Current Debt	2 466 000	3 768 000	2 728 000	374 000
Total Equity and Debt	2 365 000	6 668 000	6 777 000	5 658 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,89 %	−196,18 %	−79,82 %	−52,64 %
Debt-to-Equity Ratio	−0,98	2,08	0,39	1,08
Operating Profit Margin	−501,19 %	−94,87 %	−78,17 %	−87 %
Current Ratio	0,72	0,47	0,51	4,31
Quick Ratio	0,72	0,47	0,51	4,31
Equity Ratio	−1,78	0,14	0,43	0,45
Gross Profit Margin	100 %	97,95 %	34,78 %	94,61 %