VETCO GRAY SCANDINAVIA AS

4029 STAVANGER

Finances

Return on Equity

52,74 %

Current Ratio

0,92

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2021	2020	2019	2018
Revenue	3 111 628 000	2 593 485 000	1 930 078 000	1 532 745 000
Net Income	216 967 000	−58 841 000	−132 636 000	−287 248 000
Total Assets	2 224 724 000	2 173 626 000	2 332 899 000	1 885 647 000
Total Equity	411 390 000	−150 618 000	−91 777 000	40 861 000

Income (NOK)	2021	2020	2019	2018
Revenue	3 111 628 000	2 593 485 000	1 930 078 000	1 532 745 000
Expenditure	2 807 575 000	2 584 484 000	1 738 971 000	1 800 289 000
Operating Profit	304 053 000	9 001 000	191 107 000	−267 544 000
Financial Income	224 091 000	29 094 000	10 814 000	35 290 000
Financial Costs	242 568 000	88 837 000	300 491 000	69 436 000
Financial Balance	−18 477 000	−59 743 000	−289 677 000	−34 146 000
Earnings Before Tax	285 576 000	−50 742 000	−98 570 000	−301 690 000
Tax	68 609 000	8 099 000	34 066 000	−14 441 000
Net Income	216 967 000	−58 841 000	−132 636 000	−287 248 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	563 425 000	830 059 000	854 095 000	998 032 000
Total Current Assets	1 661 299 000	1 343 567 000	1 478 804 000	887 615 000
Total Assets	2 224 724 000	2 173 626 000	2 332 899 000	1 885 647 000
Total Retained Equity	−1 056 211 000	−1 272 388 000	−1 213 547 000	−1 080 909 000
Total Equity	411 390 000	−150 618 000	−91 777 000	40 861 000
Total Long-Term Debt	6 516 000	6 626 000	6 314 000	5 724 000
Total Current Debt	1 806 817 000	2 317 618 000	2 418 362 000	1 839 062 000
Total Equity and Debt	2 224 723 000	2 173 626 000	2 332 899 000	1 885 647 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	3 107 235 000	2 592 938 000	1 930 078 000	1 532 684 000
Other Income	4 393 000	547 000	0	61 000
Revenue	3 111 628 000	2 593 485 000	1 930 078 000	1 532 745 000
Cost of Goods Sold	1 958 468 000	1 734 976 000	1 023 753 000	1 161 853 000
Salary Costs	617 993 000	629 485 000	584 808 000	523 355 000
Depreciation	22 869 000	16 860 000	13 120 000	12 732 000
Impairment	0	0	0	0
Expenditure	2 807 575 000	2 584 484 000	1 738 971 000	1 800 289 000
Operating Profit	304 053 000	9 001 000	191 107 000	−267 544 000
Financial Income	224 091 000	29 094 000	10 814 000	35 290 000
Financial Costs	242 568 000	88 837 000	300 491 000	69 436 000
Financial Balance	−18 477 000	−59 743 000	−289 677 000	−34 146 000
Dividends	0	0	0	0
Net Income	216 967 000	−58 841 000	−132 636 000	−287 248 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	−8 924 000	−13 385 000	−17 849 000
Total Intangible Assets	42 354 000	116 503 000	121 378 000	158 051 000
Real Eastate	18 099 000	18 983 000	19 883 000	34 608 000
Machinery and Plant Facilities	41 012 000	43 665 000	16 547 000	0
Fixtures	102 564 000	68 572 000	49 703 000	51 623 000
Total Tangible Assets	161 675 000	131 220 000	86 133 000	86 231 000
Total Fiancial Fixed Assets	359 396 000	582 336 000	646 584 000	753 751 000
Total Fixed Assets	563 425 000	830 059 000	854 095 000	998 032 000
Stock	293 241 000	312 293 000	333 285 000	298 297 000
Total Investments	4 587 000	0	0	828 000
Cash, Bank	8 700 000	16 107 000	32 000	331 000
Total Current Assets	1 661 299 000	1 343 567 000	1 478 804 000	887 615 000
Total Assets	2 224 724 000	2 173 626 000	2 332 899 000	1 885 647 000
Total Equity	411 390 000	−150 618 000	−91 777 000	40 861 000
Short-Term Group Debt	1 171 728 000	1 293 434 000	1 290 914 000	1 310 926 000
Total Long-Term Debt	6 516 000	6 626 000	6 314 000	5 724 000
Creditors	74 001 000	177 795 000	57 933 000	60 532 000
Unpaid Taxes	14 141 000	37 786 000	34 240 000	45 787 000
Dividends	0	0	0	0
Other Current Debt	546 947 000	800 677 000	1 035 275 000	379 466 000
Total Current Debt	1 806 817 000	2 317 618 000	2 418 362 000	1 839 062 000
Total Equity and Debt	2 224 723 000	2 173 626 000	2 332 899 000	1 885 647 000

Financial indicators	2021	2020	2019	2018
Return on Equity	52,74 %	39,07 %	144,52 %	−702,99 %
Debt-to-Equity Ratio	0,02	−0,04	−0,07	0,14
Operating Profit Margin	9,77 %	0,35 %	9,9 %	−17,46 %
Current Ratio	0,92	0,58	0,61	0,48
Quick Ratio	1,1	0,67	0,71	0,58
Equity Ratio	0,18	−0,07	−0,04	0,02
Gross Profit Margin	37,06 %	33,1 %	46,96 %	24,2 %