VATVEDT ELEKTRONIKK AS

1894 RAKKESTAD

Finances

Share Ownership

Return on Equity

30,47 %

Current Ratio

2,04

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 530 000	2 972 000	1 918 000	3 187 000
Net Income	163 000	91 000	70 000	418 000
Total Assets	1 035 000	777 000	671 000	672 000
Total Equity	535 000	372 000	281 000	211 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 530 000	2 972 000	1 918 000	3 187 000
Expenditure	3 322 000	2 859 000	1 829 000	2 747 000
Operating Profit	208 000	114 000	89 000	441 000
Financial Income	4 000	3 000	1 000	0
Financial Costs	0	0	0	0
Financial Balance	4 000	3 000	1 000	0
Earnings Before Tax	212 000	117 000	90 000	441 000
Tax	49 000	26 000	20 000	23 000
Net Income	163 000	91 000	70 000	418 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	15 000	32 000	49 000	0
Total Current Assets	1 020 000	745 000	622 000	672 000
Total Assets	1 035 000	777 000	671 000	672 000
Total Retained Equity	435 000	272 000	181 000	111 000
Total Equity	535 000	372 000	281 000	211 000
Total Long-Term Debt	0	0	2 000	0
Total Current Debt	500 000	404 000	388 000	461 000
Total Equity and Debt	1 035 000	777 000	671 000	672 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 520 000	2 913 000	1 918 000	3 187 000
Other Income	10 000	59 000	0	0
Revenue	3 530 000	2 972 000	1 918 000	3 187 000
Cost of Goods Sold	1 822 000	1 417 000	774 000	2 053 000
Salary Costs	1 078 000	985 000	707 000	368 000
Depreciation	17 000	17 000	1 000	0
Impairment	0	0	0	0
Expenditure	3 322 000	2 859 000	1 829 000	2 747 000
Operating Profit	208 000	114 000	89 000	441 000
Financial Income	4 000	3 000	1 000	0
Financial Costs	0	0	0	0
Financial Balance	4 000	3 000	1 000	0
Dividends	0	0	0	0
Net Income	163 000	91 000	70 000	418 000

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	15 000	32 000	49 000	0
Total Tangible Assets	15 000	32 000	49 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	15 000	32 000	49 000	0
Stock	254 000	58 000	44 000	0
Total Investments	0	0	0	0
Cash, Bank	521 000	548 000	196 000	121 000
Total Current Assets	1 020 000	745 000	622 000	672 000
Total Assets	1 035 000	777 000	671 000	672 000
Total Equity	535 000	372 000	281 000	211 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	2 000	0
Creditors	217 000	60 000	154 000	252 000
Unpaid Taxes	103 000	102 000	82 000	52 000
Dividends	0	0	0	0
Other Current Debt	131 000	215 000	133 000	133 000
Total Current Debt	500 000	404 000	388 000	461 000
Total Equity and Debt	1 035 000	777 000	671 000	672 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,47 %	24,46 %	24,91 %	198,1 %
Debt-to-Equity Ratio	0	0	0,01	0
Operating Profit Margin	5,89 %	3,84 %	4,64 %	13,84 %
Current Ratio	2,04	1,84	1,6	1,46
Quick Ratio	4,15	2,15	1,81	1,46
Equity Ratio	0,52	0,48	0,42	0,31
Gross Profit Margin	48,39 %	52,32 %	59,65 %	35,58 %