VETNES INVEST AS

4516 MANDAL

Finances

Return on Equity

15,11 %

Current Ratio

0,09

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	387 000	235 000	242 000	261 000
Net Income	60 000	−51 000	−3 000	22 000
Total Assets	3 132 000	3 228 000	3 471 000	2 364 000
Total Equity	397 000	338 000	388 000	391 000

Income (NOK)	2022	2021	2020	2019
Revenue	387 000	235 000	242 000	261 000
Expenditure	309 000	276 000	246 000	232 000
Operating Profit	78 000	−41 000	−4 000	28 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	0	0	0
Earnings Before Tax	77 000	−41 000	−4 000	28 000
Tax	17 000	9 000	−1 000	6 000
Net Income	60 000	−51 000	−3 000	22 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 875 000	3 002 000	3 059 000	1 918 000
Total Current Assets	256 000	227 000	411 000	447 000
Total Assets	3 132 000	3 228 000	3 471 000	2 364 000
Total Retained Equity	367 000	308 000	358 000	361 000
Total Equity	397 000	338 000	388 000	391 000
Total Long-Term Debt	26 000	38 000	35 000	51 000
Total Current Debt	2 708 000	2 853 000	3 047 000	1 921 000
Total Equity and Debt	3 132 000	3 228 000	3 471 000	2 364 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	237 000	85 000	122 000	141 000
Other Income	150 000	150 000	120 000	120 000
Revenue	387 000	235 000	242 000	261 000
Cost of Goods Sold	0	0	30 000	30 000
Salary Costs	0	2 000	2 000	0
Depreciation	127 000	151 000	141 000	135 000
Impairment	0	0	0	0
Expenditure	309 000	276 000	246 000	232 000
Operating Profit	78 000	−41 000	−4 000	28 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	0
Financial Balance	−1 000	0	0	0
Dividends	0	0	0	0
Net Income	60 000	−51 000	−3 000	22 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 662 000	1 779 000	1 784 000	1 804 000
Machinery and Plant Facilities	0	10 000	62 000	114 000
Fixtures	0	0	0	0
Total Tangible Assets	1 662 000	1 789 000	1 847 000	1 918 000
Total Fiancial Fixed Assets	1 213 000	1 213 000	1 213 000	0
Total Fixed Assets	2 875 000	3 002 000	3 059 000	1 918 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	236 000	144 000	381 000	297 000
Total Current Assets	256 000	227 000	411 000	447 000
Total Assets	3 132 000	3 228 000	3 471 000	2 364 000
Total Equity	397 000	338 000	388 000	391 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	26 000	38 000	35 000	51 000
Creditors	29 000	68 000	72 000	42 000
Unpaid Taxes	0	28 000	10 000	27 000
Dividends	0	0	0	0
Other Current Debt	2 650 000	2 750 000	2 950 000	1 830 000
Total Current Debt	2 708 000	2 853 000	3 047 000	1 921 000
Total Equity and Debt	3 132 000	3 228 000	3 471 000	2 364 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,11 %	−15,09 %	−0,77 %	5,63 %
Debt-to-Equity Ratio	0,07	0,11	0,09	0,13
Operating Profit Margin	20,16 %	−17,45 %	−1,65 %	10,73 %
Current Ratio	0,09	0,08	0,13	0,23
Quick Ratio	0,09	0,08	0,13	0,23
Equity Ratio	0,13	0,1	0,11	0,17
Gross Profit Margin	100 %	100 %	87,6 %	88,51 %