VESTSIDEN HAGEBY III BORETTSLAG

3717 SKIEN

Finances

Share Ownership

Return on Equity

9,55 %

Current Ratio

2,87

Debt-to-Equity Ratio

2,72

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 925 000	1 887 000	1 963 000	1 949 000
Net Income	753 000	936 000	924 000	728 000
Total Assets	29 751 000	29 820 000	29 767 000	29 742 000
Total Equity	7 885 000	7 132 000	6 196 000	5 272 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 925 000	1 887 000	1 963 000	1 949 000
Expenditure	1 013 000	666 000	645 000	670 000
Operating Profit	912 000	1 053 000	1 169 000	993 000
Financial Income	7 000	1 000	4 000	8 000
Financial Costs	166 000	118 000	249 000	273 000
Financial Balance	−159 000	−117 000	−245 000	−265 000
Earnings Before Tax	753 000	1 104 000	1 073 000	1 014 000
Tax	0	0	0	0
Net Income	753 000	936 000	924 000	728 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	29 481 000	29 505 000	29 388 000	29 388 000
Total Current Assets	270 000	315 000	380 000	355 000
Total Assets	29 751 000	29 820 000	29 767 000	29 742 000
Total Retained Equity	7 885 000	7 132 000	6 196 000	5 272 000
Total Equity	7 885 000	7 132 000	6 196 000	5 272 000
Total Long-Term Debt	21 463 000	22 360 000	23 289 000	24 165 000
Total Current Debt	94 000	70 000	73 000	97 000
Total Equity and Debt	29 751 000	29 820 000	29 767 000	29 742 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 925 000	1 887 000	1 963 000	1 949 000
Revenue	1 925 000	1 887 000	1 963 000	1 949 000
Cost of Goods Sold	0	0	0	0
Salary Costs	26 000	25 000	27 000	23 000
Depreciation	25 000	6 000	0	0
Impairment	0	0	0	0
Expenditure	1 013 000	666 000	645 000	670 000
Operating Profit	912 000	1 053 000	1 169 000	993 000
Financial Income	7 000	1 000	4 000	8 000
Financial Costs	166 000	118 000	249 000	273 000
Financial Balance	−159 000	−117 000	−245 000	−265 000
Dividends	0	0	0	0
Net Income	753 000	936 000	924 000	728 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	29 481 000	29 505 000	29 388 000	29 388 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	29 481 000	29 505 000	29 388 000	29 388 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	29 481 000	29 505 000	29 388 000	29 388 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	165 000	193 000	326 000	279 000
Total Current Assets	270 000	315 000	380 000	355 000
Total Assets	29 751 000	29 820 000	29 767 000	29 742 000
Total Equity	7 885 000	7 132 000	6 196 000	5 272 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	21 463 000	22 360 000	23 289 000	24 165 000
Creditors	67 000	58 000	55 000	64 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	27 000	12 000	18 000	33 000
Total Current Debt	94 000	70 000	73 000	97 000
Total Equity and Debt	29 751 000	29 820 000	29 767 000	29 742 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,55 %	13,12 %	14,91 %	13,81 %
Debt-to-Equity Ratio	2,72	3,14	3,76	4,58
Operating Profit Margin	47,38 %	55,8 %	59,55 %	50,95 %
Current Ratio	2,87	4,5	5,21	3,66
Quick Ratio	2,87	4,5	5,21	3,66
Equity Ratio	0,27	0,24	0,21	0,18
Gross Profit Margin	100 %	100 %	100 %	100 %