VVS VESTFOLD RØRSERVICE AS

3121 NØTTERØY

Finances

Share Ownership

Return on Equity

72,54 %

Current Ratio

1,84

Debt-to-Equity Ratio

0,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 636 000	5 594 000	5 737 000	3 731 000
Net Income	1 054 000	280 000	741 000	6 000
Total Assets	3 591 000	2 288 000	2 248 000	1 236 000
Total Equity	1 453 000	399 000	768 000	307 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 636 000	5 594 000	5 737 000	3 731 000
Expenditure	5 262 000	5 213 000	4 778 000	3 721 000
Operating Profit	1 374 000	381 000	959 000	10 000
Financial Income	1 000	1 000	2 000	7 000
Financial Costs	24 000	22 000	10 000	11 000
Financial Balance	−23 000	−21 000	−8 000	−4 000
Earnings Before Tax	1 352 000	360 000	950 000	6 000
Tax	297 000	80 000	209 000	1 000
Net Income	1 054 000	280 000	741 000	6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	847 000	543 000	245 000	292 000
Total Current Assets	2 744 000	1 745 000	2 003 000	944 000
Total Assets	3 591 000	2 288 000	2 248 000	1 236 000
Total Retained Equity	1 353 000	299 000	668 000	207 000
Total Equity	1 453 000	399 000	768 000	307 000
Total Long-Term Debt	645 000	324 000	117 000	148 000
Total Current Debt	1 493 000	1 565 000	1 362 000	781 000
Total Equity and Debt	3 591 000	2 288 000	2 248 000	1 236 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 426 000	5 594 000	5 737 000	3 731 000
Other Income	209 000	0	0	0
Revenue	6 636 000	5 594 000	5 737 000	3 731 000
Cost of Goods Sold	1 853 000	1 356 000	1 437 000	995 000
Salary Costs	2 651 000	3 120 000	2 622 000	2 072 000
Depreciation	104 000	87 000	44 000	35 000
Impairment	0	0	0	0
Expenditure	5 262 000	5 213 000	4 778 000	3 721 000
Operating Profit	1 374 000	381 000	959 000	10 000
Financial Income	1 000	1 000	2 000	7 000
Financial Costs	24 000	22 000	10 000	11 000
Financial Balance	−23 000	−21 000	−8 000	−4 000
Dividends	0	0	400 000	120 000
Net Income	1 054 000	280 000	741 000	6 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	6 000	9 000	15 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	842 000	447 000	185 000	229 000
Total Tangible Assets	842 000	447 000	185 000	229 000
Total Fiancial Fixed Assets	6 000	91 000	50 000	48 000
Total Fixed Assets	847 000	543 000	245 000	292 000
Stock	187 000	197 000	186 000	177 000
Total Investments	0	0	0	0
Cash, Bank	1 387 000	1 053 000	1 074 000	475 000
Total Current Assets	2 744 000	1 745 000	2 003 000	944 000
Total Assets	3 591 000	2 288 000	2 248 000	1 236 000
Total Equity	1 453 000	399 000	768 000	307 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	645 000	324 000	117 000	148 000
Creditors	329 000	78 000	95 000	54 000
Unpaid Taxes	385 000	351 000	408 000	285 000
Dividends	0	0	400 000	120 000
Other Current Debt	545 000	1 060 000	255 000	202 000
Total Current Debt	1 493 000	1 565 000	1 362 000	781 000
Total Equity and Debt	3 591 000	2 288 000	2 248 000	1 236 000

Financial indicators	2022	2021	2020	2019
Return on Equity	72,54 %	70,18 %	96,48 %	1,95 %
Debt-to-Equity Ratio	0,44	0,81	0,15	0,48
Operating Profit Margin	20,71 %	6,81 %	16,72 %	0,27 %
Current Ratio	1,84	1,12	1,47	1,21
Quick Ratio	2,1	1,28	1,7	1,56
Equity Ratio	0,4	0,17	0,34	0,25
Gross Profit Margin	72,08 %	75,76 %	74,95 %	73,33 %