VEGARD MADSEN AS

3961 STATHELLE

Finances

Share Ownership

Return on Equity

−38,6 %

Current Ratio

4,78

Debt-to-Equity Ratio

0,22

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 240 000	15 315 000	14 033 000	16 425 000
Net Income	−2 060 000	933 000	193 000	1 200 000
Total Assets	7 771 000	10 047 000	8 553 000	8 373 000
Total Equity	5 337 000	6 254 000	5 395 000	5 202 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 240 000	15 315 000	14 033 000	16 425 000
Expenditure	7 886 000	14 083 000	13 765 000	14 814 000
Operating Profit	−2 646 000	1 232 000	268 000	1 610 000
Financial Income	48 000	0	9 000	4 000
Financial Costs	34 000	35 000	24 000	73 000
Financial Balance	14 000	−35 000	−15 000	−69 000
Earnings Before Tax	−2 631 000	1 197 000	253 000	1 541 000
Tax	−572 000	264 000	60 000	341 000
Net Income	−2 060 000	933 000	193 000	1 200 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 657 000	2 866 000	5 079 000	5 496 000
Total Current Assets	6 115 000	7 181 000	3 474 000	2 878 000
Total Assets	7 771 000	10 047 000	8 553 000	8 373 000
Total Retained Equity	4 095 000	6 154 000	5 295 000	5 102 000
Total Equity	5 337 000	6 254 000	5 395 000	5 202 000
Total Long-Term Debt	1 155 000	1 596 000	1 686 000	1 288 000
Total Current Debt	1 279 000	2 197 000	1 472 000	1 883 000
Total Equity and Debt	7 771 000	10 047 000	8 553 000	8 373 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 704 000	13 385 000	13 076 000	16 453 000
Other Income	536 000	1 930 000	957 000	−28 000
Revenue	5 240 000	15 315 000	14 033 000	16 425 000
Cost of Goods Sold	804 000	1 977 000	2 748 000	5 539 000
Salary Costs	1 835 000	3 415 000	2 852 000	2 660 000
Depreciation	622 000	1 205 000	1 201 000	1 321 000
Impairment	0	0	0	0
Expenditure	7 886 000	14 083 000	13 765 000	14 814 000
Operating Profit	−2 646 000	1 232 000	268 000	1 610 000
Financial Income	48 000	0	9 000	4 000
Financial Costs	34 000	35 000	24 000	73 000
Financial Balance	14 000	−35 000	−15 000	−69 000
Dividends	0	0	0	0
Net Income	−2 060 000	933 000	193 000	1 200 000

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	389 000	629 000	371 000	273 000
Fixtures	1 217 000	2 237 000	4 709 000	5 223 000
Total Tangible Assets	1 607 000	2 866 000	5 079 000	5 496 000
Total Fiancial Fixed Assets	50 000	0	0	0
Total Fixed Assets	1 657 000	2 866 000	5 079 000	5 496 000
Stock	0	0	0	50 000
Total Investments	0	0	0	0
Cash, Bank	650 000	4 847 000	1 496 000	1 022 000
Total Current Assets	6 115 000	7 181 000	3 474 000	2 878 000
Total Assets	7 771 000	10 047 000	8 553 000	8 373 000
Total Equity	5 337 000	6 254 000	5 395 000	5 202 000
Short-Term Group Debt	40 000	115 000	23 000	280 000
Total Long-Term Debt	1 155 000	1 596 000	1 686 000	1 288 000
Creditors	855 000	900 000	815 000	463 000
Unpaid Taxes	195 000	629 000	317 000	349 000
Dividends	0	0	0	0
Other Current Debt	189 000	407 000	318 000	489 000
Total Current Debt	1 279 000	2 197 000	1 472 000	1 883 000
Total Equity and Debt	7 771 000	10 047 000	8 553 000	8 373 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−38,6 %	14,92 %	3,58 %	23,07 %
Debt-to-Equity Ratio	0,22	0,26	0,31	0,25
Operating Profit Margin	−50,5 %	8,04 %	1,91 %	9,8 %
Current Ratio	4,78	3,27	2,36	1,53
Quick Ratio	4,78	3,27	2,36	1,57
Equity Ratio	0,69	0,62	0,63	0,62
Gross Profit Margin	84,66 %	87,09 %	80,42 %	66,28 %