VANGEN VVS AS

9300 FINNSNES

Finances

Return on Equity

14,7 %

Current Ratio

8,31

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 671 000	8 379 000	6 232 000	8 408 000
Net Income	714 000	1 391 000	279 000	797 000
Total Assets	5 510 000	6 303 000	4 327 000	4 795 000
Total Equity	4 857 000	4 768 000	3 377 000	3 098 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 671 000	8 379 000	6 232 000	8 408 000
Expenditure	5 856 000	6 606 000	5 896 000	7 428 000
Operating Profit	815 000	1 772 000	337 000	981 000
Financial Income	154 000	13 000	23 000	42 000
Financial Costs	41 000	3 000	2 000	1 000
Financial Balance	113 000	10 000	21 000	41 000
Earnings Before Tax	928 000	1 783 000	358 000	1 022 000
Tax	213 000	392 000	79 000	225 000
Net Income	714 000	1 391 000	279 000	797 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	84 000	629 000	182 000	287 000
Total Current Assets	5 426 000	5 674 000	4 145 000	4 508 000
Total Assets	5 510 000	6 303 000	4 327 000	4 795 000
Total Retained Equity	4 757 000	4 668 000	3 277 000	2 998 000
Total Equity	4 857 000	4 768 000	3 377 000	3 098 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	653 000	1 536 000	950 000	1 697 000
Total Equity and Debt	5 510 000	6 303 000	4 327 000	4 795 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 645 000	8 379 000	6 214 000	8 382 000
Other Income	26 000	0	18 000	26 000
Revenue	6 671 000	8 379 000	6 232 000	8 408 000
Cost of Goods Sold	2 666 000	3 339 000	2 758 000	3 577 000
Salary Costs	2 373 000	2 394 000	2 463 000	2 908 000
Depreciation	48 000	52 000	116 000	116 000
Impairment	0	0	0	0
Expenditure	5 856 000	6 606 000	5 896 000	7 428 000
Operating Profit	815 000	1 772 000	337 000	981 000
Financial Income	154 000	13 000	23 000	42 000
Financial Costs	41 000	3 000	2 000	1 000
Financial Balance	113 000	10 000	21 000	41 000
Dividends	0	0	0	200 000
Net Income	714 000	1 391 000	279 000	797 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	41 000	39 000	39 000	28 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	32 000	80 000	132 000	248 000
Total Tangible Assets	32 000	80 000	132 000	248 000
Total Fiancial Fixed Assets	11 000	510 000	11 000	11 000
Total Fixed Assets	84 000	629 000	182 000	287 000
Stock	319 000	395 000	438 000	574 000
Total Investments	480 000	0	0	0
Cash, Bank	4 246 000	4 472 000	3 100 000	2 915 000
Total Current Assets	5 426 000	5 674 000	4 145 000	4 508 000
Total Assets	5 510 000	6 303 000	4 327 000	4 795 000
Total Equity	4 857 000	4 768 000	3 377 000	3 098 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	−175 000	348 000	337 000	379 000
Unpaid Taxes	359 000	553 000	241 000	498 000
Dividends	0	0	0	200 000
Other Current Debt	253 000	242 000	282 000	393 000
Total Current Debt	653 000	1 536 000	950 000	1 697 000
Total Equity and Debt	5 510 000	6 303 000	4 327 000	4 795 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,7 %	29,17 %	8,26 %	25,73 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	12,22 %	21,15 %	5,41 %	11,67 %
Current Ratio	8,31	3,69	4,36	2,66
Quick Ratio	16,25	4,97	8,1	4,01
Equity Ratio	0,88	0,76	0,78	0,65
Gross Profit Margin	60,04 %	60,15 %	55,74 %	57,46 %