VETHE AS

1900 FETSUND

Finances

Share Ownership

Return on Equity

−3,99 %

Current Ratio

1,76

Debt-to-Equity Ratio

0,7

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 285 000	9 232 000	6 974 000	8 303 000
Net Income	−174 000	355 000	−1 265 000	1 429 000
Total Assets	8 594 000	9 109 000	8 524 000	10 392 000
Total Equity	4 366 000	4 540 000	4 184 000	5 450 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 285 000	9 232 000	6 974 000	8 303 000
Expenditure	8 353 000	8 637 000	8 427 000	6 315 000
Operating Profit	−68 000	595 000	−1 453 000	1 988 000
Financial Income	13 000	0	0	12 000
Financial Costs	168 000	140 000	170 000	165 000
Financial Balance	−155 000	−140 000	−170 000	−153 000
Earnings Before Tax	−223 000	455 000	−1 622 000	1 834 000
Tax	−49 000	100 000	−357 000	405 000
Net Income	−174 000	355 000	−1 265 000	1 429 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 509 000	6 402 000	6 842 000	7 145 000
Total Current Assets	2 085 000	2 707 000	1 682 000	3 248 000
Total Assets	8 594 000	9 109 000	8 524 000	10 392 000
Total Retained Equity	4 266 000	4 440 000	4 084 000	5 350 000
Total Equity	4 366 000	4 540 000	4 184 000	5 450 000
Total Long-Term Debt	3 041 000	3 086 000	3 321 000	3 664 000
Total Current Debt	1 187 000	1 483 000	1 019 000	1 278 000
Total Equity and Debt	8 594 000	9 109 000	8 524 000	10 392 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 941 000	8 554 000	6 438 000	6 544 000
Other Income	344 000	678 000	536 000	1 759 000
Revenue	8 285 000	9 232 000	6 974 000	8 303 000
Cost of Goods Sold	1 254 000	1 140 000	1 266 000	642 000
Salary Costs	2 179 000	2 887 000	2 671 000	1 821 000
Depreciation	666 000	500 000	441 000	369 000
Impairment	0	0	0	0
Expenditure	8 353 000	8 637 000	8 427 000	6 315 000
Operating Profit	−68 000	595 000	−1 453 000	1 988 000
Financial Income	13 000	0	0	12 000
Financial Costs	168 000	140 000	170 000	165 000
Financial Balance	−155 000	−140 000	−170 000	−153 000
Dividends	0	0	0	0
Net Income	−174 000	355 000	−1 265 000	1 429 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 209 000	4 231 000	4 268 000	4 332 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 736 000	1 292 000	1 344 000	1 016 000
Total Tangible Assets	5 945 000	5 523 000	5 611 000	5 348 000
Total Fiancial Fixed Assets	564 000	879 000	1 230 000	1 797 000
Total Fixed Assets	6 509 000	6 402 000	6 842 000	7 145 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	345 000	1 068 000	335 000	1 188 000
Total Current Assets	2 085 000	2 707 000	1 682 000	3 248 000
Total Assets	8 594 000	9 109 000	8 524 000	10 392 000
Total Equity	4 366 000	4 540 000	4 184 000	5 450 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 041 000	3 086 000	3 321 000	3 664 000
Creditors	324 000	584 000	336 000	246 000
Unpaid Taxes	439 000	449 000	343 000	166 000
Dividends	0	0	0	0
Other Current Debt	359 000	450 000	340 000	731 000
Total Current Debt	1 187 000	1 483 000	1 019 000	1 278 000
Total Equity and Debt	8 594 000	9 109 000	8 524 000	10 392 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,99 %	7,82 %	−30,23 %	26,22 %
Debt-to-Equity Ratio	0,7	0,68	0,79	0,67
Operating Profit Margin	−0,82 %	6,44 %	−20,83 %	23,94 %
Current Ratio	1,76	1,83	1,65	2,54
Quick Ratio	1,76	1,83	1,65	2,54
Equity Ratio	0,51	0,5	0,49	0,52
Gross Profit Margin	84,86 %	87,65 %	81,85 %	92,27 %