VERTECH OFFSHORE AS

4790 LILLESAND

Finances

Share Ownership

Return on Equity

557,77 %

Current Ratio

1,43

Debt-to-Equity Ratio

5,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	76 384 000	65 700 000	18 473 000	61 204 000
Net Income	16 683 000	−6 108 000	1 641 000	18 255 000
Total Assets	59 820 000	43 132 000	30 528 000	34 187 000
Total Equity	2 991 000	1 675 000	2 401 000	2 414 000

Income (NOK)	2022	2021	2020	2019
Revenue	76 384 000	65 700 000	18 473 000	61 204 000
Expenditure	54 944 000	73 844 000	15 923 000	38 865 000
Operating Profit	21 439 000	−8 143 000	2 551 000	22 339 000
Financial Income	2 090 000	999 000	460 000	2 169 000
Financial Costs	2 129 000	686 000	905 000	1 098 000
Financial Balance	−39 000	313 000	−445 000	1 071 000
Earnings Before Tax	21 400 000	−7 830 000	2 106 000	23 410 000
Tax	4 717 000	−1 722 000	464 000	5 155 000
Net Income	16 683 000	−6 108 000	1 641 000	18 255 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	37 000	47 000	25 000	50 000
Total Current Assets	59 783 000	43 085 000	30 503 000	34 137 000
Total Assets	59 820 000	43 132 000	30 528 000	34 187 000
Total Retained Equity	1 316 000	0	1 035 000	1 048 000
Total Equity	2 991 000	1 675 000	2 401 000	2 414 000
Total Long-Term Debt	15 000 000	0	157 000	160 000
Total Current Debt	41 828 000	41 457 000	27 970 000	31 614 000
Total Equity and Debt	59 820 000	43 132 000	30 528 000	34 187 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	76 384 000	65 667 000	17 996 000	61 204 000
Other Income	0	33 000	477 000	0
Revenue	76 384 000	65 700 000	18 473 000	61 204 000
Cost of Goods Sold	20 453 000	15 034 000	2 682 000	13 585 000
Salary Costs	26 089 000	51 388 000	10 207 000	17 801 000
Depreciation	0	25 000	26 000	23 000
Impairment	0	0	0	0
Expenditure	54 944 000	73 844 000	15 923 000	38 865 000
Operating Profit	21 439 000	−8 143 000	2 551 000	22 339 000
Financial Income	2 090 000	999 000	460 000	2 169 000
Financial Costs	2 129 000	686 000	905 000	1 098 000
Financial Balance	−39 000	313 000	−445 000	1 071 000
Dividends	0	0	0	0
Net Income	16 683 000	−6 108 000	1 641 000	18 255 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	37 000	47 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	25 000	50 000
Total Tangible Assets	0	0	25 000	50 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	37 000	47 000	25 000	50 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 620 000	15 034 000	28 177 000	29 571 000
Total Current Assets	59 783 000	43 085 000	30 503 000	34 137 000
Total Assets	59 820 000	43 132 000	30 528 000	34 187 000
Total Equity	2 991 000	1 675 000	2 401 000	2 414 000
Short-Term Group Debt	25 739 000	0	25 220 000	23 100 000
Total Long-Term Debt	15 000 000	0	157 000	160 000
Creditors	585 000	−15 000	477 000	118 000
Unpaid Taxes	1 065 000	1 200 000	819 000	778 000
Dividends	0	0	0	0
Other Current Debt	14 066 000	40 272 000	1 453 000	7 610 000
Total Current Debt	41 828 000	41 457 000	27 970 000	31 614 000
Total Equity and Debt	59 820 000	43 132 000	30 528 000	34 187 000

Financial indicators	2022	2021	2020	2019
Return on Equity	557,77 %	−364,66 %	68,35 %	756,21 %
Debt-to-Equity Ratio	5,02	0	0,07	0,07
Operating Profit Margin	28,07 %	−12,39 %	13,81 %	36,5 %
Current Ratio	1,43	1,04	1,09	1,08
Quick Ratio	1,43	1,04	1,09	1,08
Equity Ratio	0,05	0,04	0,08	0,07
Gross Profit Margin	73,22 %	77,12 %	85,48 %	77,8 %