VESTVIKEN UTVIKLING AS

3140 NØTTERØY

Finances

Share Ownership

Return on Equity

28,72 %

Current Ratio

0,16

Debt-to-Equity Ratio

−0,37

Key figures (NOK)	2020	2019	2018	2017
Revenue	−27 000	1 106 000	6 571 000	9 953 000
Net Income	−2 006 000	3 589 000	−2 644 000	−3 451 000
Total Assets	949 000	1 005 000	4 737 000	10 672 000
Total Equity	−6 985 000	−4 979 000	−8 568 000	−5 924 000

Income (NOK)	2020	2019	2018	2017
Revenue	−27 000	1 106 000	6 571 000	9 953 000
Expenditure	771 000	−3 035 000	8 487 000	12 045 000
Operating Profit	−797 000	4 142 000	−1 916 000	−2 092 000
Financial Income	−17 000	2 012 000	82 000	115 000
Financial Costs	1 015 000	2 565 000	809 000	1 474 000
Financial Balance	−1 032 000	−553 000	−727 000	−1 359 000
Earnings Before Tax	−1 830 000	3 589 000	−2 644 000	−3 451 000
Tax	176 000	0	0	0
Net Income	−2 006 000	3 589 000	−2 644 000	−3 451 000

Balance (NOK)	2020	2019	2018	2017
Total Fixed Assets	98 000	119 000	1 117 000	3 402 000
Total Current Assets	851 000	885 000	3 620 000	7 270 000
Total Assets	949 000	1 005 000	4 737 000	10 672 000
Total Retained Equity	−9 485 000	−7 479 000	−11 068 000	−8 424 000
Total Equity	−6 985 000	−4 979 000	−8 568 000	−5 924 000
Total Long-Term Debt	2 579 000	164 000	418 000	1 854 000
Total Current Debt	5 355 000	5 819 000	12 887 000	14 742 000
Total Equity and Debt	949 000	1 005 000	4 737 000	10 672 000

Cash flow (NOK)	2020	2019	2018	2017
Sales Income	−48 000	1 038 000	6 774 000	9 252 000
Other Income	21 000	68 000	−203 000	701 000
Revenue	−27 000	1 106 000	6 571 000	9 953 000
Cost of Goods Sold	10 000	180 000	1 376 000	2 268 000
Salary Costs	53 000	987 000	4 066 000	7 251 000
Depreciation	0	0	0	260 000
Impairment	0	0	0	0
Expenditure	771 000	−3 035 000	8 487 000	12 045 000
Operating Profit	−797 000	4 142 000	−1 916 000	−2 092 000
Financial Income	−17 000	2 012 000	82 000	115 000
Financial Costs	1 015 000	2 565 000	809 000	1 474 000
Financial Balance	−1 032 000	−553 000	−727 000	−1 359 000
Dividends	0	0	0	0
Net Income	−2 006 000	3 589 000	−2 644 000	−3 451 000

Balance details (NOK)	2020	2019	2018	2017
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	224 000
Fixtures	93 000	93 000	93 000	93 000
Total Tangible Assets	93 000	93 000	93 000	316 000
Total Fiancial Fixed Assets	5 000	27 000	1 025 000	3 086 000
Total Fixed Assets	98 000	119 000	1 117 000	3 402 000
Stock	290 000	290 000	475 000	515 000
Total Investments	0	0	0	0
Cash, Bank	29 000	35 000	326 000	1 688 000
Total Current Assets	851 000	885 000	3 620 000	7 270 000
Total Assets	949 000	1 005 000	4 737 000	10 672 000
Total Equity	−6 985 000	−4 979 000	−8 568 000	−5 924 000
Short-Term Group Debt	0	1 798 000	464 000	0
Total Long-Term Debt	2 579 000	164 000	418 000	1 854 000
Creditors	229 000	438 000	1 246 000	1 030 000
Unpaid Taxes	45 000	7 000	684 000	1 049 000
Dividends	0	0	0	0
Other Current Debt	4 905 000	3 576 000	10 493 000	12 663 000
Total Current Debt	5 355 000	5 819 000	12 887 000	14 742 000
Total Equity and Debt	949 000	1 005 000	4 737 000	10 672 000

Financial indicators	2020	2019	2018	2017
Return on Equity	28,72 %	−72,08 %	30,86 %	58,25 %
Debt-to-Equity Ratio	−0,37	−0,03	−0,05	−0,31
Operating Profit Margin	2 951,85 %	374,5 %	−29,16 %	−21,02 %
Current Ratio	0,16	0,15	0,28	0,49
Quick Ratio	0,17	0,16	0,29	0,51
Equity Ratio	−7,36	−4,95	−1,81	−0,56
Gross Profit Margin	137,04 %	83,73 %	79,06 %	77,21 %