FETVEIT BRØNNBORING AS

3890 VINJE

Finances

Share Ownership

Return on Equity

31,73 %

Current Ratio

1,45

Debt-to-Equity Ratio

0,72

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 456 000	7 624 000	4 674 000	4 097 000
Net Income	152 000	185 000	233 000	159 000
Total Assets	2 003 000	2 267 000	1 591 000	1 351 000
Total Equity	479 000	327 000	142 000	−91 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 456 000	7 624 000	4 674 000	4 097 000
Expenditure	9 221 000	7 387 000	4 363 000	3 873 000
Operating Profit	236 000	236 000	311 000	223 000
Financial Income	0	0	0	0
Financial Costs	66 000	51 000	78 000	64 000
Financial Balance	−66 000	−51 000	−78 000	−64 000
Earnings Before Tax	170 000	185 000	233 000	159 000
Tax	18 000	0	0	0
Net Income	152 000	185 000	233 000	159 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	297 000	352 000	147 000	73 000
Total Current Assets	1 706 000	1 915 000	1 444 000	1 278 000
Total Assets	2 003 000	2 267 000	1 591 000	1 351 000
Total Retained Equity	379 000	227 000	42 000	−191 000
Total Equity	479 000	327 000	142 000	−91 000
Total Long-Term Debt	347 000	427 000	507 000	587 000
Total Current Debt	1 177 000	1 514 000	943 000	856 000
Total Equity and Debt	2 003 000	2 267 000	1 591 000	1 351 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 456 000	7 624 000	4 674 000	3 913 000
Other Income	0	0	0	184 000
Revenue	9 456 000	7 624 000	4 674 000	4 097 000
Cost of Goods Sold	3 179 000	2 652 000	1 463 000	788 000
Salary Costs	1 761 000	1 187 000	256 000	545 000
Depreciation	120 000	85 000	44 000	60 000
Impairment	0	0	0	0
Expenditure	9 221 000	7 387 000	4 363 000	3 873 000
Operating Profit	236 000	236 000	311 000	223 000
Financial Income	0	0	0	0
Financial Costs	66 000	51 000	78 000	64 000
Financial Balance	−66 000	−51 000	−78 000	−64 000
Dividends	0	0	0	0
Net Income	152 000	185 000	233 000	159 000

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	73 000
Fixtures	282 000	337 000	147 000	0
Total Tangible Assets	282 000	337 000	147 000	73 000
Total Fiancial Fixed Assets	15 000	15 000	0	0
Total Fixed Assets	297 000	352 000	147 000	73 000
Stock	158 000	694 000	779 000	796 000
Total Investments	0	0	0	0
Cash, Bank	228 000	144 000	1 000	94 000
Total Current Assets	1 706 000	1 915 000	1 444 000	1 278 000
Total Assets	2 003 000	2 267 000	1 591 000	1 351 000
Total Equity	479 000	327 000	142 000	−91 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	347 000	427 000	507 000	587 000
Creditors	419 000	821 000	281 000	137 000
Unpaid Taxes	357 000	95 000	141 000	44 000
Dividends	0	0	0	0
Other Current Debt	307 000	118 000	39 000	52 000
Total Current Debt	1 177 000	1 514 000	943 000	856 000
Total Equity and Debt	2 003 000	2 267 000	1 591 000	1 351 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,73 %	56,57 %	164,08 %	−174,73 %
Debt-to-Equity Ratio	0,72	1,31	3,57	−6,45
Operating Profit Margin	2,5 %	3,1 %	6,65 %	5,44 %
Current Ratio	1,45	1,26	1,53	1,49
Quick Ratio	1,67	2,34	8,8	21,3
Equity Ratio	0,24	0,14	0,09	−0,07
Gross Profit Margin	66,38 %	65,22 %	68,7 %	80,77 %