VESTSTEINEN AS

6729 KALVÅG

Finances

Return on Equity

34 %

Current Ratio

2,68

Debt-to-Equity Ratio

1,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	90 316 000	74 227 000	55 445 000	66 171 000
Net Income	8 310 000	5 662 000	−3 711 000	1 045 000
Total Assets	87 041 000	81 667 000	71 821 000	105 410 000
Total Equity	24 442 000	16 165 000	10 575 000	14 286 000

Income (NOK)	2022	2021	2020	2019
Revenue	90 316 000	74 227 000	55 445 000	66 171 000
Expenditure	78 111 000	65 772 000	55 932 000	62 350 000
Operating Profit	12 206 000	8 455 000	−487 000	3 821 000
Financial Income	118 000	151 000	263 000	295 000
Financial Costs	1 606 000	1 302 000	4 352 000	2 698 000
Financial Balance	−1 488 000	−1 151 000	−4 089 000	−2 403 000
Earnings Before Tax	10 718 000	7 304 000	−4 576 000	1 419 000
Tax	2 408 000	1 642 000	−865 000	373 000
Net Income	8 310 000	5 662 000	−3 711 000	1 045 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	29 697 000	35 511 000	41 195 000	47 533 000
Total Current Assets	57 344 000	46 156 000	30 626 000	57 877 000
Total Assets	87 041 000	81 667 000	71 821 000	105 410 000
Total Retained Equity	13 867 000	5 590 000	0	0
Total Equity	24 442 000	16 165 000	10 575 000	14 286 000
Total Long-Term Debt	41 195 000	46 740 000	52 104 000	62 022 000
Total Current Debt	21 404 000	18 762 000	9 142 000	29 102 000
Total Equity and Debt	87 041 000	81 667 000	71 821 000	105 410 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	90 294 000	73 040 000	55 445 000	66 153 000
Other Income	22 000	1 187 000	0	19 000
Revenue	90 316 000	74 227 000	55 445 000	66 171 000
Cost of Goods Sold	24 277 000	20 975 000	17 471 000	17 434 000
Salary Costs	39 348 000	32 117 000	23 436 000	29 584 000
Depreciation	5 814 000	5 804 000	5 800 000	5 781 000
Impairment	0	0	0	0
Expenditure	78 111 000	65 772 000	55 932 000	62 350 000
Operating Profit	12 206 000	8 455 000	−487 000	3 821 000
Financial Income	118 000	151 000	263 000	295 000
Financial Costs	1 606 000	1 302 000	4 352 000	2 698 000
Financial Balance	−1 488 000	−1 151 000	−4 089 000	−2 403 000
Dividends	0	0	0	0
Net Income	8 310 000	5 662 000	−3 711 000	1 045 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	15 316 000	16 597 000	17 878 000	19 159 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	13 756 000	18 289 000	22 692 000	27 000 000
Total Fiancial Fixed Assets	625 000	625 000	625 000	1 375 000
Total Fixed Assets	29 697 000	35 511 000	41 195 000	47 533 000
Stock	5 515 000	3 404 000	2 839 000	2 732 000
Total Investments	0	0	0	0
Cash, Bank	33 957 000	37 160 000	16 126 000	23 108 000
Total Current Assets	57 344 000	46 156 000	30 626 000	57 877 000
Total Assets	87 041 000	81 667 000	71 821 000	105 410 000
Total Equity	24 442 000	16 165 000	10 575 000	14 286 000
Short-Term Group Debt	61 000	92 000	7 000	17 244 000
Total Long-Term Debt	41 195 000	46 740 000	52 104 000	62 022 000
Creditors	4 979 000	4 554 000	3 275 000	2 138 000
Unpaid Taxes	8 165 000	6 147 000	3 339 000	4 208 000
Dividends	0	0	0	0
Other Current Debt	5 232 000	5 810 000	2 520 000	4 470 000
Total Current Debt	21 404 000	18 762 000	9 142 000	29 102 000
Total Equity and Debt	87 041 000	81 667 000	71 821 000	105 410 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34 %	35,03 %	−35,09 %	7,31 %
Debt-to-Equity Ratio	1,69	2,89	4,93	4,34
Operating Profit Margin	13,51 %	11,39 %	−0,88 %	5,77 %
Current Ratio	2,68	2,46	3,35	1,99
Quick Ratio	3,61	3,01	4,86	2,19
Equity Ratio	0,28	0,2	0,15	0,14
Gross Profit Margin	73,12 %	71,74 %	68,49 %	73,65 %