VESTAS NORWAY AS

7044 TRONDHEIM

Finances

Share Ownership

Return on Equity

30,71 %

Current Ratio

1,16

Debt-to-Equity Ratio

0,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	566 427 000	3 278 559 000	5 760 826 000	3 579 783 000
Net Income	26 708 000	20 090 000	7 280 000	5 088 000
Total Assets	922 484 000	559 279 000	1 073 178 000	1 676 879 000
Total Equity	86 970 000	60 262 000	40 172 000	32 891 000

Income (NOK)	2022	2021	2020	2019
Revenue	566 427 000	3 278 559 000	5 760 826 000	3 579 783 000
Expenditure	516 644 000	3 280 938 000	5 829 857 000	3 567 213 000
Operating Profit	49 783 000	−2 379 000	−69 031 000	12 570 000
Financial Income	393 000	31 132 000	88 189 000	12 139 000
Financial Costs	15 846 000	2 973 000	9 801 000	18 155 000
Financial Balance	−15 453 000	28 159 000	78 388 000	−6 016 000
Earnings Before Tax	34 330 000	25 781 000	9 357 000	6 554 000
Tax	7 621 000	5 691 000	2 076 000	1 466 000
Net Income	26 708 000	20 090 000	7 280 000	5 088 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 280 000	23 307 000	18 312 000	6 707 000
Total Current Assets	906 204 000	535 972 000	1 054 866 000	1 670 172 000
Total Assets	922 484 000	559 279 000	1 073 178 000	1 676 879 000
Total Retained Equity	73 220 000	46 512 000	26 422 000	19 142 000
Total Equity	86 970 000	60 262 000	40 172 000	32 891 000
Total Long-Term Debt	54 601 000	78 278 000	69 058 000	18 678 000
Total Current Debt	780 913 000	420 739 000	963 948 000	1 625 309 000
Total Equity and Debt	922 484 000	559 279 000	1 073 178 000	1 676 879 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	566 427 000	3 278 559 000	5 760 826 000	3 579 783 000
Other Income	0	0	0	0
Revenue	566 427 000	3 278 559 000	5 760 826 000	3 579 783 000
Cost of Goods Sold	367 022 000	3 161 635 000	5 765 043 000	3 511 316 000
Salary Costs	129 617 000	87 004 000	60 116 000	37 004 000
Depreciation	518 000	517 000	392 000	489 000
Impairment	0	0	0	0
Expenditure	516 644 000	3 280 938 000	5 829 857 000	3 567 213 000
Operating Profit	49 783 000	−2 379 000	−69 031 000	12 570 000
Financial Income	393 000	31 132 000	88 189 000	12 139 000
Financial Costs	15 846 000	2 973 000	9 801 000	18 155 000
Financial Balance	−15 453 000	28 159 000	78 388 000	−6 016 000
Dividends	0	0	0	0
Net Income	26 708 000	20 090 000	7 280 000	5 088 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	14 023 000	21 645 000	17 359 000	5 362 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 256 000	1 662 000	953 000	1 344 000
Total Tangible Assets	2 256 000	1 662 000	953 000	1 344 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	16 280 000	23 307 000	18 312 000	6 707 000
Stock	93 683 000	37 233 000	231 050 000	100 724 000
Total Investments	0	0	0	0
Cash, Bank	10 204 000	8 963 000	7 730 000	7 407 000
Total Current Assets	906 204 000	535 972 000	1 054 866 000	1 670 172 000
Total Assets	922 484 000	559 279 000	1 073 178 000	1 676 879 000
Total Equity	86 970 000	60 262 000	40 172 000	32 891 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	54 601 000	78 278 000	69 058 000	18 678 000
Creditors	190 539 000	261 501 000	331 348 000	508 225 000
Unpaid Taxes	49 571 000	27 689 000	143 496 000	106 564 000
Dividends	0	0	0	0
Other Current Debt	540 802 000	121 573 000	475 030 000	1 008 086 000
Total Current Debt	780 913 000	420 739 000	963 948 000	1 625 309 000
Total Equity and Debt	922 484 000	559 279 000	1 073 178 000	1 676 879 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,71 %	33,34 %	18,12 %	15,47 %
Debt-to-Equity Ratio	0,63	1,3	1,72	0,57
Operating Profit Margin	8,79 %	−0,07 %	−1,2 %	0,35 %
Current Ratio	1,16	1,27	1,09	1,03
Quick Ratio	1,32	1,4	1,44	1,1
Equity Ratio	0,09	0,11	0,04	0,02
Gross Profit Margin	35,2 %	3,57 %	−0,07 %	1,91 %