VETÅS MASKIN OG HANDVERKSTJENESTE AS

5938 SÆBØVÅGEN

Finances

Share Ownership

Return on Equity

18,7 %

Current Ratio

1,13

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	829 000	872 000	930 000	728 000
Net Income	49 000	28 000	−42 000	49 000
Total Assets	689 000	577 000	654 000	396 000
Total Equity	262 000	213 000	185 000	227 000

Income (NOK)	2022	2021	2020	2019
Revenue	829 000	872 000	930 000	728 000
Expenditure	783 000	845 000	975 000	686 000
Operating Profit	47 000	27 000	−45 000	42 000
Financial Income	4 000	2 000	3 000	6 000
Financial Costs	2 000	1 000	0	0
Financial Balance	2 000	1 000	3 000	6 000
Earnings Before Tax	49 000	28 000	−42 000	49 000
Tax	0	0	0	0
Net Income	49 000	28 000	−42 000	49 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	207 000	258 000	323 000	91 000
Total Current Assets	482 000	319 000	331 000	305 000
Total Assets	689 000	577 000	654 000	396 000
Total Retained Equity	162 000	113 000	85 000	127 000
Total Equity	262 000	213 000	185 000	227 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	427 000	364 000	469 000	169 000
Total Equity and Debt	689 000	577 000	654 000	396 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	829 000	872 000	930 000	638 000
Other Income	0	0	0	90 000
Revenue	829 000	872 000	930 000	728 000
Cost of Goods Sold	302 000	358 000	524 000	253 000
Salary Costs	256 000	251 000	346 000	257 000
Depreciation	52 000	65 000	18 000	23 000
Impairment	0	0	0	0
Expenditure	783 000	845 000	975 000	686 000
Operating Profit	47 000	27 000	−45 000	42 000
Financial Income	4 000	2 000	3 000	6 000
Financial Costs	2 000	1 000	0	0
Financial Balance	2 000	1 000	3 000	6 000
Dividends	0	0	0	0
Net Income	49 000	28 000	−42 000	49 000

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	47 000	58 000	73 000	91 000
Fixtures	160 000	200 000	250 000	0
Total Tangible Assets	207 000	258 000	323 000	91 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	207 000	258 000	323 000	91 000
Stock	71 000	16 000	25 000	27 000
Total Investments	0	0	0	0
Cash, Bank	33 000	37 000	104 000	61 000
Total Current Assets	482 000	319 000	331 000	305 000
Total Assets	689 000	577 000	654 000	396 000
Total Equity	262 000	213 000	185 000	227 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	11 000	33 000	57 000	8 000
Unpaid Taxes	114 000	73 000	53 000	77 000
Dividends	0	0	0	0
Other Current Debt	302 000	258 000	359 000	84 000
Total Current Debt	427 000	364 000	469 000	169 000
Total Equity and Debt	689 000	577 000	654 000	396 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,7 %	13,15 %	−22,7 %	21,59 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,67 %	3,1 %	−4,84 %	5,77 %
Current Ratio	1,13	0,88	0,71	1,8
Quick Ratio	1,35	0,92	0,75	2,15
Equity Ratio	0,38	0,37	0,28	0,57
Gross Profit Margin	63,57 %	58,94 %	43,66 %	65,25 %