VESETH AS

5106 ØVRE ERVIK

Finances

Share Ownership

Return on Equity

15,51 %

Current Ratio

1,61

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 520 000	17 723 000	15 526 000	13 508 000
Net Income	550 000	295 000	516 000	−353 000
Total Assets	8 346 000	6 675 000	5 818 000	5 022 000
Total Equity	3 546 000	3 196 000	3 102 000	2 586 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 520 000	17 723 000	15 526 000	13 508 000
Expenditure	17 776 000	17 299 000	14 830 000	13 922 000
Operating Profit	744 000	423 000	696 000	−414 000
Financial Income	0	4 000	2 000	1 000
Financial Costs	36 000	45 000	29 000	32 000
Financial Balance	−36 000	−41 000	−27 000	−31 000
Earnings Before Tax	707 000	382 000	670 000	−445 000
Tax	158 000	87 000	154 000	−91 000
Net Income	550 000	295 000	516 000	−353 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	925 000	1 124 000	693 000	688 000
Total Current Assets	7 420 000	5 551 000	5 125 000	4 334 000
Total Assets	8 346 000	6 675 000	5 818 000	5 022 000
Total Retained Equity	3 441 000	3 091 000	2 996 000	2 480 000
Total Equity	3 546 000	3 196 000	3 102 000	2 586 000
Total Long-Term Debt	177 000	440 000	250 000	290 000
Total Current Debt	4 622 000	3 039 000	2 467 000	2 147 000
Total Equity and Debt	8 346 000	6 675 000	5 818 000	5 022 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 487 000	16 757 000	15 455 000	13 508 000
Other Income	33 000	966 000	71 000	0
Revenue	18 520 000	17 723 000	15 526 000	13 508 000
Cost of Goods Sold	903 000	269 000	184 000	543 000
Salary Costs	10 194 000	10 075 000	8 823 000	7 652 000
Depreciation	337 000	329 000	215 000	141 000
Impairment	0	0	0	0
Expenditure	17 776 000	17 299 000	14 830 000	13 922 000
Operating Profit	744 000	423 000	696 000	−414 000
Financial Income	0	4 000	2 000	1 000
Financial Costs	36 000	45 000	29 000	32 000
Financial Balance	−36 000	−41 000	−27 000	−31 000
Dividends	200 000	200 000	0	0
Net Income	550 000	295 000	516 000	−353 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	56 000	35 000	30 000	113 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	870 000	1 089 000	664 000	575 000
Total Tangible Assets	870 000	1 089 000	664 000	575 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	925 000	1 124 000	693 000	688 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 469 000	2 495 000	2 539 000	2 237 000
Total Current Assets	7 420 000	5 551 000	5 125 000	4 334 000
Total Assets	8 346 000	6 675 000	5 818 000	5 022 000
Total Equity	3 546 000	3 196 000	3 102 000	2 586 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	177 000	440 000	250 000	290 000
Creditors	2 186 000	323 000	298 000	260 000
Unpaid Taxes	1 019 000	1 177 000	1 007 000	970 000
Dividends	200 000	200 000	0	0
Other Current Debt	1 038 000	1 247 000	1 092 000	917 000
Total Current Debt	4 622 000	3 039 000	2 467 000	2 147 000
Total Equity and Debt	8 346 000	6 675 000	5 818 000	5 022 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,51 %	9,23 %	16,63 %	−13,65 %
Debt-to-Equity Ratio	0,05	0,14	0,08	0,11
Operating Profit Margin	4,02 %	2,39 %	4,48 %	−3,06 %
Current Ratio	1,61	1,83	2,08	2,02
Quick Ratio	1,61	1,83	2,08	2,02
Equity Ratio	0,42	0,48	0,53	0,51
Gross Profit Margin	95,12 %	98,48 %	98,81 %	95,98 %