VITREO AS

0661 OSLO

Finances

Return on Equity

12,52 %

Current Ratio

2,26

Debt-to-Equity Ratio

1,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	22 447 000	21 361 000	13 744 000	11 075 000
Net Income	440 000	2 737 000	2 811 000	1 259 000
Total Assets	12 901 000	10 339 000	8 973 000	6 288 000
Total Equity	3 514 000	3 601 000	1 864 000	1 553 000

Income (NOK)	2022	2021	2020	2019
Revenue	22 447 000	21 361 000	13 744 000	11 075 000
Expenditure	21 710 000	17 803 000	10 159 000	9 467 000
Operating Profit	737 000	3 558 000	3 586 000	1 608 000
Financial Income	56 000	44 000	17 000	17 000
Financial Costs	204 000	15 000	1 000	2 000
Financial Balance	−148 000	29 000	16 000	15 000
Earnings Before Tax	589 000	3 587 000	3 601 000	1 622 000
Tax	149 000	851 000	790 000	363 000
Net Income	440 000	2 737 000	2 811 000	1 259 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 230 000	741 000	285 000	305 000
Total Current Assets	11 670 000	9 597 000	8 688 000	5 983 000
Total Assets	12 901 000	10 339 000	8 973 000	6 288 000
Total Retained Equity	3 302 000	3 389 000	1 653 000	1 341 000
Total Equity	3 514 000	3 601 000	1 864 000	1 553 000
Total Long-Term Debt	4 233 000	2 048 000	0	0
Total Current Debt	5 153 000	4 690 000	7 109 000	4 735 000
Total Equity and Debt	12 901 000	10 339 000	8 973 000	6 288 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 216 000	21 140 000	13 362 000	11 075 000
Other Income	232 000	221 000	382 000	0
Revenue	22 447 000	21 361 000	13 744 000	11 075 000
Cost of Goods Sold	1 161 000	2 543 000	644 000	1 308 000
Salary Costs	16 377 000	11 421 000	7 076 000	6 417 000
Depreciation	118 000	65 000	28 000	28 000
Impairment	0	0	0	0
Expenditure	21 710 000	17 803 000	10 159 000	9 467 000
Operating Profit	737 000	3 558 000	3 586 000	1 608 000
Financial Income	56 000	44 000	17 000	17 000
Financial Costs	204 000	15 000	1 000	2 000
Financial Balance	−148 000	29 000	16 000	15 000
Dividends	0	1 000 000	0	0
Net Income	440 000	2 737 000	2 811 000	1 259 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	38 000	58 000	0	0
Real Eastate	0	0	6 000	34 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	505 000	405 000	0	0
Total Tangible Assets	505 000	405 000	6 000	34 000
Total Fiancial Fixed Assets	687 000	279 000	279 000	271 000
Total Fixed Assets	1 230 000	741 000	285 000	305 000
Stock	307 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 314 000	2 144 000	1 751 000	1 593 000
Total Current Assets	11 670 000	9 597 000	8 688 000	5 983 000
Total Assets	12 901 000	10 339 000	8 973 000	6 288 000
Total Equity	3 514 000	3 601 000	1 864 000	1 553 000
Short-Term Group Debt	860 000	0	0	0
Total Long-Term Debt	4 233 000	2 048 000	0	0
Creditors	862 000	373 000	112 000	169 000
Unpaid Taxes	1 914 000	1 404 000	1 359 000	1 141 000
Dividends	0	1 000 000	0	0
Other Current Debt	1 518 000	1 063 000	2 348 000	2 263 000
Total Current Debt	5 153 000	4 690 000	7 109 000	4 735 000
Total Equity and Debt	12 901 000	10 339 000	8 973 000	6 288 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,52 %	76,01 %	150,8 %	81,07 %
Debt-to-Equity Ratio	1,2	0,57	0	0
Operating Profit Margin	3,28 %	16,66 %	26,09 %	14,52 %
Current Ratio	2,26	2,05	1,22	1,26
Quick Ratio	2,41	2,05	1,22	1,26
Equity Ratio	0,27	0,35	0,21	0,25
Gross Profit Margin	94,83 %	88,1 %	95,31 %	88,19 %