VESTLAND VVS AS

5265 YTRE ARNA

Finances

Share Ownership

Return on Equity

44,9 %

Current Ratio

0,54

Debt-to-Equity Ratio

−0,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 095 000	10 132 000	9 096 000	6 298 000
Net Income	−1 806 000	−2 397 000	797 000	−2 192 000
Total Assets	2 612 000	3 023 000	3 887 000	2 652 000
Total Equity	−4 022 000	−2 217 000	−200 000	−997 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 095 000	10 132 000	9 096 000	6 298 000
Expenditure	11 764 000	12 407 000	8 219 000	8 445 000
Operating Profit	−1 669 000	−2 274 000	877 000	−2 146 000
Financial Income	0	28 000	−1 000	8 000
Financial Costs	137 000	150 000	79 000	53 000
Financial Balance	−137 000	−122 000	−80 000	−45 000
Earnings Before Tax	−1 806 000	−2 397 000	797 000	−2 192 000
Tax	0	0	0	0
Net Income	−1 806 000	−2 397 000	797 000	−2 192 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 000	28 000	152 000	227 000
Total Current Assets	2 611 000	2 995 000	3 735 000	2 425 000
Total Assets	2 612 000	3 023 000	3 887 000	2 652 000
Total Retained Equity	−4 272 000	−2 467 000	−410 000	−1 207 000
Total Equity	−4 022 000	−2 217 000	−200 000	−997 000
Total Long-Term Debt	1 759 000	1 325 000	750 000	0
Total Current Debt	4 875 000	3 914 000	3 337 000	3 649 000
Total Equity and Debt	2 612 000	3 023 000	3 887 000	2 652 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 095 000	10 104 000	9 096 000	6 298 000
Other Income	0	28 000	0	0
Revenue	10 095 000	10 132 000	9 096 000	6 298 000
Cost of Goods Sold	4 802 000	5 543 000	2 887 000	1 877 000
Salary Costs	4 887 000	4 700 000	3 772 000	4 752 000
Depreciation	27 000	100 000	75 000	75 000
Impairment	0	0	0	0
Expenditure	11 764 000	12 407 000	8 219 000	8 445 000
Operating Profit	−1 669 000	−2 274 000	877 000	−2 146 000
Financial Income	0	28 000	−1 000	8 000
Financial Costs	137 000	150 000	79 000	53 000
Financial Balance	−137 000	−122 000	−80 000	−45 000
Dividends	0	0	0	0
Net Income	−1 806 000	−2 397 000	797 000	−2 192 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	53 000	73 000
Total Intangible Assets	0	0	53 000	73 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 000	28 000	98 000	153 000
Total Tangible Assets	1 000	28 000	98 000	153 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 000	28 000	152 000	227 000
Stock	896 000	1 236 000	1 297 000	403 000
Total Investments	0	0	0	0
Cash, Bank	56 000	396 000	415 000	2 000
Total Current Assets	2 611 000	2 995 000	3 735 000	2 425 000
Total Assets	2 612 000	3 023 000	3 887 000	2 652 000
Total Equity	−4 022 000	−2 217 000	−200 000	−997 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 759 000	1 325 000	750 000	0
Creditors	2 598 000	1 918 000	1 405 000	1 208 000
Unpaid Taxes	919 000	1 018 000	694 000	820 000
Dividends	0	0	0	0
Other Current Debt	1 258 000	879 000	1 237 000	1 619 000
Total Current Debt	4 875 000	3 914 000	3 337 000	3 649 000
Total Equity and Debt	2 612 000	3 023 000	3 887 000	2 652 000

Financial indicators	2022	2021	2020	2019
Return on Equity	44,9 %	108,12 %	−398,5 %	219,86 %
Debt-to-Equity Ratio	−0,44	−0,6	−3,75	−0
Operating Profit Margin	−16,53 %	−22,44 %	9,64 %	−34,07 %
Current Ratio	0,54	0,77	1,12	0,66
Quick Ratio	0,66	1,12	1,83	0,75
Equity Ratio	−1,54	−0,73	−0,05	−0,38
Gross Profit Margin	52,43 %	45,29 %	68,26 %	70,2 %