VEO AS

1364 FORNEBU

Finances

Share Ownership

Return on Equity

31,76 %

Current Ratio

1,21

Debt-to-Equity Ratio

0,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	126 469 000	159 827 000	195 358 000	212 944 000
Net Income	4 096 000	1 487 000	8 410 000	2 609 000
Total Assets	85 160 000	81 662 000	80 219 000	105 298 000
Total Equity	12 895 000	8 799 000	13 312 000	21 902 000

Income (NOK)	2022	2021	2020	2019
Revenue	126 469 000	159 827 000	195 358 000	212 944 000
Expenditure	123 961 000	156 631 000	191 450 000	208 706 000
Operating Profit	2 508 000	3 197 000	3 907 000	4 238 000
Financial Income	2 762 000	0	0	5 000
Financial Costs	13 000	1 288 000	−6 881 000	875 000
Financial Balance	2 749 000	−1 288 000	6 881 000	−870 000
Earnings Before Tax	5 257 000	1 909 000	10 789 000	3 368 000
Tax	1 160 000	422 000	2 379 000	758 000
Net Income	4 096 000	1 487 000	8 410 000	2 609 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	172 000	188 000	246 000	254 000
Total Current Assets	84 988 000	81 474 000	79 973 000	105 044 000
Total Assets	85 160 000	81 662 000	80 219 000	105 298 000
Total Retained Equity	8 750 000	4 654 000	9 167 000	17 757 000
Total Equity	12 895 000	8 799 000	13 312 000	21 902 000
Total Long-Term Debt	2 073 000	4 825 000	5 225 000	4 832 000
Total Current Debt	70 191 000	68 038 000	61 682 000	78 563 000
Total Equity and Debt	85 160 000	81 662 000	80 219 000	105 298 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	125 382 000	159 827 000	195 358 000	212 944 000
Other Income	1 087 000	0	0	0
Revenue	126 469 000	159 827 000	195 358 000	212 944 000
Cost of Goods Sold	118 985 000	148 533 000	182 973 000	185 459 000
Salary Costs	3 730 000	3 755 000	4 506 000	5 211 000
Depreciation	68 000	68 000	64 000	68 000
Impairment	0	0	0	0
Expenditure	123 961 000	156 631 000	191 450 000	208 706 000
Operating Profit	2 508 000	3 197 000	3 907 000	4 238 000
Financial Income	2 762 000	0	0	5 000
Financial Costs	13 000	1 288 000	−6 881 000	875 000
Financial Balance	2 749 000	−1 288 000	6 881 000	−870 000
Dividends	0	0	0	0
Net Income	4 096 000	1 487 000	8 410 000	2 609 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	58 000	58 000	58 000	58 000
Real Eastate	0	39 000	79 000	118 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	51 000	80 000	109 000	78 000
Total Tangible Assets	51 000	120 000	188 000	196 000
Total Fiancial Fixed Assets	63 000	10 000	0	0
Total Fixed Assets	172 000	188 000	246 000	254 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	84 988 000	81 474 000	79 973 000	105 044 000
Total Assets	85 160 000	81 662 000	80 219 000	105 298 000
Total Equity	12 895 000	8 799 000	13 312 000	21 902 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 073 000	4 825 000	5 225 000	4 832 000
Creditors	30 059 000	19 850 000	30 259 000	44 425 000
Unpaid Taxes	4 235 000	5 611 000	4 159 000	5 045 000
Dividends	0	0	0	0
Other Current Debt	31 985 000	41 756 000	25 278 000	29 093 000
Total Current Debt	70 191 000	68 038 000	61 682 000	78 563 000
Total Equity and Debt	85 160 000	81 662 000	80 219 000	105 298 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,76 %	16,9 %	63,18 %	11,91 %
Debt-to-Equity Ratio	0,16	0,55	0,39	0,22
Operating Profit Margin	1,98 %	2 %	2 %	1,99 %
Current Ratio	1,21	1,2	1,3	1,34
Quick Ratio	1,21	1,2	1,3	1,34
Equity Ratio	0,15	0,11	0,17	0,21
Gross Profit Margin	5,92 %	7,07 %	6,34 %	12,91 %