HERMANN VVS AS

7652 VERDAL

Finances

Return on Equity

−21,59 %

Current Ratio

2,83

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	2 062 000	3 710 000	6 343 000	9 564 000
Net Income	−326 000	415 000	−31 000	602 000
Total Assets	2 004 000	2 614 000	2 431 000	4 768 000
Total Equity	1 510 000	2 064 000	1 649 000	2 917 000

Income (NOK)	2021	2020	2019	2018
Revenue	2 062 000	3 710 000	6 343 000	9 564 000
Expenditure	2 513 000	3 209 000	6 400 000	8 803 000
Operating Profit	−452 000	501 000	−58 000	762 000
Financial Income	28 000	27 000	18 000	26 000
Financial Costs	1 000	3 000	2 000	7 000
Financial Balance	27 000	24 000	16 000	19 000
Earnings Before Tax	−425 000	526 000	−42 000	781 000
Tax	−99 000	110 000	−12 000	179 000
Net Income	−326 000	415 000	−31 000	602 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	607 000	406 000	472 000	683 000
Total Current Assets	1 397 000	2 208 000	1 959 000	4 085 000
Total Assets	2 004 000	2 614 000	2 431 000	4 768 000
Total Retained Equity	1 458 000	2 012 000	1 597 000	2 815 000
Total Equity	1 510 000	2 064 000	1 649 000	2 917 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	494 000	549 000	782 000	1 852 000
Total Equity and Debt	2 004 000	2 614 000	2 431 000	4 768 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	2 062 000	3 710 000	6 343 000	9 526 000
Other Income	0	0	0	38 000
Revenue	2 062 000	3 710 000	6 343 000	9 564 000
Cost of Goods Sold	699 000	1 650 000	3 342 000	4 455 000
Salary Costs	1 017 000	922 000	1 845 000	3 001 000
Depreciation	93 000	69 000	89 000	190 000
Impairment	0	0	73 000	0
Expenditure	2 513 000	3 209 000	6 400 000	8 803 000
Operating Profit	−452 000	501 000	−58 000	762 000
Financial Income	28 000	27 000	18 000	26 000
Financial Costs	1 000	3 000	2 000	7 000
Financial Balance	27 000	24 000	16 000	19 000
Dividends	228 000	0	0	400 000
Net Income	−326 000	415 000	−31 000	602 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	216 000	117 000	115 000	32 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	167 000	0	0	185 000
Fixtures	3 000	68 000	136 000	355 000
Total Tangible Assets	170 000	68 000	136 000	540 000
Total Fiancial Fixed Assets	221 000	221 000	221 000	111 000
Total Fixed Assets	607 000	406 000	472 000	683 000
Stock	244 000	254 000	199 000	286 000
Total Investments	0	0	0	0
Cash, Bank	503 000	669 000	1 099 000	1 679 000
Total Current Assets	1 397 000	2 208 000	1 959 000	4 085 000
Total Assets	2 004 000	2 614 000	2 431 000	4 768 000
Total Equity	1 510 000	2 064 000	1 649 000	2 917 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	134 000	154 000	358 000	870 000
Unpaid Taxes	271 000	178 000	194 000	452 000
Dividends	228 000	0	0	400 000
Other Current Debt	89 000	104 000	160 000	348 000
Total Current Debt	494 000	549 000	782 000	1 852 000
Total Equity and Debt	2 004 000	2 614 000	2 431 000	4 768 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−21,59 %	20,11 %	−1,88 %	20,64 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−21,92 %	13,5 %	−0,91 %	7,97 %
Current Ratio	2,83	4,02	2,51	2,21
Quick Ratio	5,59	7,48	3,36	2,61
Equity Ratio	0,75	0,79	0,68	0,61
Gross Profit Margin	66,1 %	55,53 %	47,31 %	53,42 %