VESTRE FRIVOLD AS

4878 GRIMSTAD

Finances

Share Ownership

Return on Equity

−20,75 %

Current Ratio

53,71

Debt-to-Equity Ratio

2,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 000	34 000	30 000	0
Net Income	−243 000	−157 000	−159 000	−49 000
Total Assets	3 735 000	3 842 000	3 799 000	3 565 000
Total Equity	1 171 000	1 064 000	831 000	201 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 000	34 000	30 000	0
Expenditure	161 000	157 000	141 000	33 000
Operating Profit	−157 000	−124 000	−111 000	−33 000
Financial Income	0	0	0	0
Financial Costs	110 000	77 000	109 000	16 000
Financial Balance	−110 000	−77 000	−109 000	−16 000
Earnings Before Tax	−267 000	−201 000	−220 000	−49 000
Tax	−24 000	−44 000	−61 000	0
Net Income	−243 000	−157 000	−159 000	−49 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 359 000	3 368 000	3 378 000	3 332 000
Total Current Assets	376 000	474 000	421 000	233 000
Total Assets	3 735 000	3 842 000	3 799 000	3 565 000
Total Retained Equity	−607 000	−364 000	−208 000	−49 000
Total Equity	1 171 000	1 064 000	831 000	201 000
Total Long-Term Debt	2 557 000	2 730 000	2 856 000	3 350 000
Total Current Debt	7 000	49 000	112 000	14 000
Total Equity and Debt	3 735 000	3 842 000	3 799 000	3 565 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	4 000	34 000	30 000	0
Revenue	4 000	34 000	30 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	9 000	9 000	1 000	0
Impairment	0	0	0	0
Expenditure	161 000	157 000	141 000	33 000
Operating Profit	−157 000	−124 000	−111 000	−33 000
Financial Income	0	0	0	0
Financial Costs	110 000	77 000	109 000	16 000
Financial Balance	−110 000	−77 000	−109 000	−16 000
Dividends	0	0	0	0
Net Income	−243 000	−157 000	−159 000	−49 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 332 000	3 332 000	3 332 000	3 332 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	27 000	37 000	46 000	0
Total Tangible Assets	3 359 000	3 368 000	3 378 000	3 332 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 359 000	3 368 000	3 378 000	3 332 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	354 000	97 000	401 000	233 000
Total Current Assets	376 000	474 000	421 000	233 000
Total Assets	3 735 000	3 842 000	3 799 000	3 565 000
Total Equity	1 171 000	1 064 000	831 000	201 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 557 000	2 730 000	2 856 000	3 350 000
Creditors	1 000	2 000	0	8 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	6 000	3 000	3 000	6 000
Total Current Debt	7 000	49 000	112 000	14 000
Total Equity and Debt	3 735 000	3 842 000	3 799 000	3 565 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−20,75 %	−14,76 %	−19,13 %	−24,38 %
Debt-to-Equity Ratio	2,18	2,57	3,44	16,67
Operating Profit Margin	−3 925 %	−364,71 %	−370 %	-
Current Ratio	53,71	9,67	3,76	16,64
Quick Ratio	53,71	9,67	3,76	16,64
Equity Ratio	0,31	0,28	0,22	0,06
Gross Profit Margin	100 %	100 %	100 %	-