VE-CON AS

3560 HEMSEDAL

Finances

Return on Equity

49,52 %

Current Ratio

1,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 030 000	1 006 000	659 000	247 000
Net Income	205 000	120 000	54 000	10 000
Total Assets	2 579 000	852 000	629 000	249 000
Total Equity	414 000	210 000	89 000	35 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 030 000	1 006 000	659 000	247 000
Expenditure	1 750 000	850 000	609 000	236 000
Operating Profit	279 000	154 000	50 000	10 000
Financial Income	0	0	9 000	0
Financial Costs	16 000	0	1 000	0
Financial Balance	−16 000	0	8 000	0
Earnings Before Tax	262 000	154 000	58 000	10 000
Tax	58 000	34 000	4 000	0
Net Income	205 000	120 000	54 000	10 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	178 000	128 000	128 000	0
Total Current Assets	2 400 000	724 000	501 000	249 000
Total Assets	2 579 000	852 000	629 000	249 000
Total Retained Equity	384 000	180 000	59 000	5 000
Total Equity	414 000	210 000	89 000	35 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 164 000	642 000	540 000	214 000
Total Equity and Debt	2 579 000	852 000	629 000	249 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	699 000	859 000	659 000	247 000
Other Income	1 331 000	147 000	0	0
Revenue	2 030 000	1 006 000	659 000	247 000
Cost of Goods Sold	1 311 000	421 000	211 000	0
Salary Costs	285 000	292 000	283 000	130 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 750 000	850 000	609 000	236 000
Operating Profit	279 000	154 000	50 000	10 000
Financial Income	0	0	9 000	0
Financial Costs	16 000	0	1 000	0
Financial Balance	−16 000	0	8 000	0
Dividends	0	0	0	0
Net Income	205 000	120 000	54 000	10 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	178 000	128 000	128 000	0
Total Fixed Assets	178 000	128 000	128 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	420 000	397 000	189 000	95 000
Total Current Assets	2 400 000	724 000	501 000	249 000
Total Assets	2 579 000	852 000	629 000	249 000
Total Equity	414 000	210 000	89 000	35 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	59 000	91 000	71 000	30 000
Unpaid Taxes	99 000	209 000	210 000	97 000
Dividends	0	0	0	0
Other Current Debt	1 948 000	308 000	255 000	87 000
Total Current Debt	2 164 000	642 000	540 000	214 000
Total Equity and Debt	2 579 000	852 000	629 000	249 000

Financial indicators	2022	2021	2020	2019
Return on Equity	49,52 %	57,14 %	60,67 %	28,57 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,74 %	15,31 %	7,59 %	4,05 %
Current Ratio	1,11	1,13	0,93	1,16
Quick Ratio	1,11	1,13	0,93	1,16
Equity Ratio	0,16	0,25	0,14	0,14
Gross Profit Margin	35,42 %	58,15 %	67,98 %	100 %