VESTLAND SEASERVICE AS

5955 LINDÅS

Finances

Share Ownership

Return on Equity

−20,26 %

Current Ratio

1,72

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 092 000	15 322 000	33 606 000	12 985 000
Net Income	−355 000	728 000	1 468 000	742 000
Total Assets	3 906 000	7 934 000	25 715 000	3 439 000
Total Equity	1 752 000	2 107 000	1 629 000	660 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 092 000	15 322 000	33 606 000	12 985 000
Expenditure	25 447 000	14 368 000	31 589 000	12 098 000
Operating Profit	−356 000	955 000	2 017 000	887 000
Financial Income	3 000	7 000	−3 000	76 000
Financial Costs	13 000	2 000	112 000	12 000
Financial Balance	−10 000	5 000	−115 000	64 000
Earnings Before Tax	−365 000	959 000	1 902 000	951 000
Tax	−11 000	231 000	433 000	209 000
Net Income	−355 000	728 000	1 468 000	742 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	198 000	266 000	187 000	116 000
Total Current Assets	3 708 000	7 668 000	25 529 000	3 323 000
Total Assets	3 906 000	7 934 000	25 715 000	3 439 000
Total Retained Equity	1 722 000	2 077 000	1 599 000	630 000
Total Equity	1 752 000	2 107 000	1 629 000	660 000
Total Long-Term Debt	0	11 000	0	8 000
Total Current Debt	2 153 000	5 816 000	24 087 000	2 771 000
Total Equity and Debt	3 906 000	7 934 000	25 715 000	3 439 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	24 892 000	15 322 000	33 606 000	12 960 000
Other Income	200 000	0	0	25 000
Revenue	25 092 000	15 322 000	33 606 000	12 985 000
Cost of Goods Sold	20 605 000	11 759 000	28 289 000	10 212 000
Salary Costs	3 380 000	1 825 000	1 739 000	979 000
Depreciation	68 000	67 000	32 000	11 000
Impairment	0	0	0	0
Expenditure	25 447 000	14 368 000	31 589 000	12 098 000
Operating Profit	−356 000	955 000	2 017 000	887 000
Financial Income	3 000	7 000	−3 000	76 000
Financial Costs	13 000	2 000	112 000	12 000
Financial Balance	−10 000	5 000	−115 000	64 000
Dividends	0	250 000	500 000	200 000
Net Income	−355 000	728 000	1 468 000	742 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	3 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	86 000	102 000	118 000	29 000
Fixtures	112 000	164 000	66 000	87 000
Total Tangible Assets	198 000	266 000	183 000	116 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	198 000	266 000	187 000	116 000
Stock	414 000	54 000	0	0
Total Investments	0	0	0	66 000
Cash, Bank	221 000	627 000	5 548 000	1 645 000
Total Current Assets	3 708 000	7 668 000	25 529 000	3 323 000
Total Assets	3 906 000	7 934 000	25 715 000	3 439 000
Total Equity	1 752 000	2 107 000	1 629 000	660 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	11 000	0	8 000
Creditors	1 405 000	4 251 000	22 414 000	1 857 000
Unpaid Taxes	242 000	736 000	239 000	161 000
Dividends	0	250 000	500 000	200 000
Other Current Debt	463 000	362 000	490 000	347 000
Total Current Debt	2 153 000	5 816 000	24 087 000	2 771 000
Total Equity and Debt	3 906 000	7 934 000	25 715 000	3 439 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−20,26 %	34,55 %	90,12 %	112,42 %
Debt-to-Equity Ratio	0	0,01	0	0,01
Operating Profit Margin	−1,42 %	6,23 %	6 %	6,83 %
Current Ratio	1,72	1,32	1,06	1,2
Quick Ratio	2,13	1,33	1,06	1,2
Equity Ratio	0,45	0,27	0,06	0,19
Gross Profit Margin	17,88 %	23,25 %	15,82 %	21,36 %