VTEC SOLUTIONS AS

4360 VARHAUG

Finances

Return on Equity

6,45 %

Current Ratio

11,83

Debt-to-Equity Ratio

1,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	105 000	80 000	10 000	0
Net Income	10 000	25 000	−15 000	57 000
Total Assets	334 000	315 000	268 000	378 000
Total Equity	155 000	145 000	120 000	135 000

Income (NOK)	2022	2021	2020	2019
Revenue	105 000	80 000	10 000	0
Expenditure	92 000	48 000	30 000	−27 000
Operating Profit	13 000	32 000	−20 000	26 000
Financial Income	0	0	0	36 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	36 000
Earnings Before Tax	13 000	32 000	−20 000	63 000
Tax	3 000	7 000	−4 000	6 000
Net Income	10 000	25 000	−15 000	57 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	192 000	227 000	176 000	169 000
Total Current Assets	142 000	88 000	91 000	209 000
Total Assets	334 000	315 000	268 000	378 000
Total Retained Equity	55 000	45 000	20 000	35 000
Total Equity	155 000	145 000	120 000	135 000
Total Long-Term Debt	167 000	164 000	163 000	222 000
Total Current Debt	12 000	6 000	−15 000	21 000
Total Equity and Debt	334 000	315 000	268 000	378 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	105 000	80 000	10 000	10 000
Other Income	0	0	0	−10 000
Revenue	105 000	80 000	10 000	0
Cost of Goods Sold	8 000	0	1 000	0
Salary Costs	0	0	0	−85 000
Depreciation	35 000	35 000	25 000	25 000
Impairment	0	0	0	0
Expenditure	92 000	48 000	30 000	−27 000
Operating Profit	13 000	32 000	−20 000	26 000
Financial Income	0	0	0	36 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	36 000
Dividends	0	0	0	0
Net Income	10 000	25 000	−15 000	57 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	7 000	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	141 000	175 000	131 000	116 000
Total Tangible Assets	141 000	175 000	131 000	116 000
Total Fiancial Fixed Assets	51 000	51 000	38 000	50 000
Total Fixed Assets	192 000	227 000	176 000	169 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	142 000	88 000	79 000	62 000
Total Current Assets	142 000	88 000	91 000	209 000
Total Assets	334 000	315 000	268 000	378 000
Total Equity	155 000	145 000	120 000	135 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	167 000	164 000	163 000	222 000
Creditors	0	0	0	12 000
Unpaid Taxes	12 000	6 000	−15 000	−9 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	19 000
Total Current Debt	12 000	6 000	−15 000	21 000
Total Equity and Debt	334 000	315 000	268 000	378 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,45 %	17,24 %	−12,5 %	42,22 %
Debt-to-Equity Ratio	1,08	1,13	1,36	1,64
Operating Profit Margin	12,38 %	40 %	−200 %	-
Current Ratio	11,83	14,67	−6,07	9,95
Quick Ratio	11,83	14,67	−6,07	9,95
Equity Ratio	0,46	0,46	0,45	0,36
Gross Profit Margin	92,38 %	100 %	90 %	-