SØRVEST VVS AS

4070 RANDABERG

Finances

Share Ownership

Return on Equity

41,27 %

Current Ratio

1,34

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 160 000	6 190 000	5 452 000	5 090 000
Net Income	227 000	195 000	247 000	132 000
Total Assets	2 072 000	1 743 000	1 385 000	1 120 000
Total Equity	550 000	523 000	408 000	281 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 160 000	6 190 000	5 452 000	5 090 000
Expenditure	6 854 000	5 918 000	5 195 000	4 940 000
Operating Profit	307 000	272 000	257 000	150 000
Financial Income	2 000	3 000	2 000	0
Financial Costs	10 000	14 000	12 000	18 000
Financial Balance	−8 000	−11 000	−10 000	−18 000
Earnings Before Tax	299 000	261 000	247 000	132 000
Tax	72 000	66 000	0	0
Net Income	227 000	195 000	247 000	132 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	37 000	0	0	0
Total Current Assets	2 035 000	1 743 000	1 385 000	1 120 000
Total Assets	2 072 000	1 743 000	1 385 000	1 120 000
Total Retained Equity	520 000	493 000	298 000	171 000
Total Equity	550 000	523 000	408 000	281 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 522 000	1 220 000	977 000	838 000
Total Equity and Debt	2 072 000	1 743 000	1 385 000	1 120 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 160 000	6 190 000	5 437 000	5 090 000
Other Income	0	0	15 000	0
Revenue	7 160 000	6 190 000	5 452 000	5 090 000
Cost of Goods Sold	3 538 000	3 025 000	2 549 000	2 387 000
Salary Costs	2 385 000	2 109 000	2 045 000	1 823 000
Depreciation	3 000	0	0	0
Impairment	0	0	0	0
Expenditure	6 854 000	5 918 000	5 195 000	4 940 000
Operating Profit	307 000	272 000	257 000	150 000
Financial Income	2 000	3 000	2 000	0
Financial Costs	10 000	14 000	12 000	18 000
Financial Balance	−8 000	−11 000	−10 000	−18 000
Dividends	200 000	0	120 000	0
Net Income	227 000	195 000	247 000	132 000

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	0	0	0	0
Fixtures	37 000	0	0	0
Total Tangible Assets	37 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	37 000	0	0	0
Stock	78 000	43 000	14 000	36 000
Total Investments	0	0	0	0
Cash, Bank	763 000	474 000	224 000	62 000
Total Current Assets	2 035 000	1 743 000	1 385 000	1 120 000
Total Assets	2 072 000	1 743 000	1 385 000	1 120 000
Total Equity	550 000	523 000	408 000	281 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	638 000	574 000	337 000	404 000
Unpaid Taxes	402 000	351 000	326 000	250 000
Dividends	200 000	0	120 000	0
Other Current Debt	209 000	229 000	193 000	168 000
Total Current Debt	1 522 000	1 220 000	977 000	838 000
Total Equity and Debt	2 072 000	1 743 000	1 385 000	1 120 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,27 %	37,28 %	60,54 %	46,98 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,29 %	4,39 %	4,71 %	2,95 %
Current Ratio	1,34	1,43	1,42	1,34
Quick Ratio	1,41	1,48	1,44	1,4
Equity Ratio	0,27	0,3	0,29	0,25
Gross Profit Margin	50,59 %	51,13 %	53,25 %	53,1 %