VELFORENINGEN HORGVEGEN GRENDAHUS

Share Ownership

Return on Equity

25,64 %

Current Ratio

5,73

Debt-to-Equity Ratio

2,26

Key figures (NOK)	2021	2020	2019	2018
Revenue	477 000	449 000	592 000	790 000
Net Income	50 000	−128 000	−30 000	−32 000
Total Assets	769 000	686 000	822 000	1 057 000
Total Equity	195 000	146 000	273 000	303 000

Income (NOK)	2021	2020	2019	2018
Revenue	477 000	449 000	592 000	790 000
Expenditure	430 000	582 000	635 000	830 000
Operating Profit	46 000	−133 000	−42 000	−40 000
Financial Income	3 000	5 000	12 000	9 000
Financial Costs	0	0	0	0
Financial Balance	3 000	5 000	12 000	9 000
Earnings Before Tax	50 000	−128 000	−30 000	−32 000
Tax	0	0	0	0
Net Income	50 000	−128 000	−30 000	−32 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	13 000	26 000	41 000	49 000
Total Current Assets	756 000	660 000	781 000	1 009 000
Total Assets	769 000	686 000	822 000	1 057 000
Total Retained Equity	195 000	146 000	273 000	303 000
Total Equity	195 000	146 000	273 000	303 000
Total Long-Term Debt	441 000	441 000	441 000	452 000
Total Current Debt	132 000	99 000	108 000	301 000
Total Equity and Debt	769 000	686 000	822 000	1 057 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	0	0	0
Other Income	477 000	449 000	592 000	790 000
Revenue	477 000	449 000	592 000	790 000
Cost of Goods Sold	0	0	0	0
Salary Costs	57 000	61 000	62 000	51 000
Depreciation	13 000	15 000	15 000	6 000
Impairment	0	0	0	0
Expenditure	430 000	582 000	635 000	830 000
Operating Profit	46 000	−133 000	−42 000	−40 000
Financial Income	3 000	5 000	12 000	9 000
Financial Costs	0	0	0	0
Financial Balance	3 000	5 000	12 000	9 000
Dividends	0	0	0	0
Net Income	50 000	−128 000	−30 000	−32 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	43 000	43 000	43 000	36 000
Fixtures	−30 000	−17 000	−2 000	13 000
Total Tangible Assets	13 000	26 000	41 000	49 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	13 000	26 000	41 000	49 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	738 000	638 000	757 000	781 000
Total Current Assets	756 000	660 000	781 000	1 009 000
Total Assets	769 000	686 000	822 000	1 057 000
Total Equity	195 000	146 000	273 000	303 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	441 000	441 000	441 000	452 000
Creditors	60 000	22 000	21 000	31 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	72 000	77 000	87 000	270 000
Total Current Debt	132 000	99 000	108 000	301 000
Total Equity and Debt	769 000	686 000	822 000	1 057 000

Financial indicators	2021	2020	2019	2018
Return on Equity	25,64 %	−87,67 %	−10,99 %	−10,56 %
Debt-to-Equity Ratio	2,26	3,02	1,62	1,49
Operating Profit Margin	9,64 %	−29,62 %	−7,09 %	−5,06 %
Current Ratio	5,73	6,67	7,23	3,35
Quick Ratio	5,73	6,67	7,23	3,35
Equity Ratio	0,25	0,21	0,33	0,29
Gross Profit Margin	100 %	100 %	100 %	100 %