VESTLAND IT AS

5105 EIDSVÅG I ÅSANE

Finances

Share Ownership

Return on Equity

−169,14 %

Current Ratio

1,28

Debt-to-Equity Ratio

−2,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 468 000	4 983 000	5 146 000	3 920 000
Net Income	433 000	−295 000	252 000	−659 000
Total Assets	1 435 000	831 000	495 000	158 000
Total Equity	−256 000	−688 000	−419 000	−671 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 468 000	4 983 000	5 146 000	3 920 000
Expenditure	6 002 000	5 266 000	4 857 000	3 478 000
Operating Profit	465 000	−283 000	289 000	−617 000
Financial Income	0	0	0	0
Financial Costs	33 000	11 000	37 000	42 000
Financial Balance	−33 000	−11 000	−37 000	−42 000
Earnings Before Tax	433 000	−295 000	252 000	−659 000
Tax	0	0	0	0
Net Income	433 000	−295 000	252 000	−659 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	128 000	128 000	116 000	116 000
Total Current Assets	1 307 000	703 000	379 000	42 000
Total Assets	1 435 000	831 000	495 000	158 000
Total Retained Equity	−331 000	−763 000	−469 000	−721 000
Total Equity	−256 000	−688 000	−419 000	−671 000
Total Long-Term Debt	672 000	800 000	0	0
Total Current Debt	1 019 000	719 000	914 000	829 000
Total Equity and Debt	1 435 000	831 000	495 000	158 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 114 000	2 598 000	5 146 000	3 208 000
Other Income	4 354 000	2 385 000	0	712 000
Revenue	6 468 000	4 983 000	5 146 000	3 920 000
Cost of Goods Sold	52 000	1 658 000	2 616 000	1 240 000
Salary Costs	4 514 000	2 827 000	1 679 000	1 492 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	6 002 000	5 266 000	4 857 000	3 478 000
Operating Profit	465 000	−283 000	289 000	−617 000
Financial Income	0	0	0	0
Financial Costs	33 000	11 000	37 000	42 000
Financial Balance	−33 000	−11 000	−37 000	−42 000
Dividends	0	0	0	0
Net Income	433 000	−295 000	252 000	−659 000

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	128 000	128 000	116 000	116 000
Total Fixed Assets	128 000	128 000	116 000	116 000
Stock	7 000	7 000	5 000	5 000
Total Investments	0	0	0	0
Cash, Bank	240 000	468 000	−379 000	−329 000
Total Current Assets	1 307 000	703 000	379 000	42 000
Total Assets	1 435 000	831 000	495 000	158 000
Total Equity	−256 000	−688 000	−419 000	−671 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	672 000	800 000	0	0
Creditors	121 000	73 000	508 000	575 000
Unpaid Taxes	487 000	407 000	318 000	157 000
Dividends	0	0	0	0
Other Current Debt	411 000	239 000	88 000	97 000
Total Current Debt	1 019 000	719 000	914 000	829 000
Total Equity and Debt	1 435 000	831 000	495 000	158 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−169,14 %	42,88 %	−60,14 %	98,21 %
Debt-to-Equity Ratio	−2,63	−1,16	−0	−0
Operating Profit Margin	7,19 %	−5,68 %	5,62 %	−15,74 %
Current Ratio	1,28	0,98	0,41	0,05
Quick Ratio	1,29	0,99	0,42	0,05
Equity Ratio	−0,18	−0,83	−0,85	−4,25
Gross Profit Margin	99,2 %	66,73 %	49,16 %	68,37 %