VESTFJORD SERVICE AS

8410 LØDINGEN

Finances

Return on Equity

1,35 %

Current Ratio

0,31

Debt-to-Equity Ratio

3,25

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 980 000	2 215 000	2 065 000	2 459 000
Net Income	2 000	−101 000	3 000	188 000
Total Assets	1 741 000	1 787 000	1 008 000	929 000
Total Equity	148 000	146 000	247 000	244 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 980 000	2 215 000	2 065 000	2 459 000
Expenditure	2 940 000	2 263 000	2 042 000	2 263 000
Operating Profit	40 000	−50 000	22 000	196 000
Financial Income	0	0	0	1 000
Financial Costs	37 000	88 000	20 000	8 000
Financial Balance	−37 000	−88 000	−20 000	−7 000
Earnings Before Tax	3 000	−138 000	3 000	188 000
Tax	1 000	−37 000	0	0
Net Income	2 000	−101 000	3 000	188 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 398 000	1 423 000	513 000	481 000
Total Current Assets	343 000	364 000	495 000	448 000
Total Assets	1 741 000	1 787 000	1 008 000	929 000
Total Retained Equity	118 000	116 000	217 000	214 000
Total Equity	148 000	146 000	247 000	244 000
Total Long-Term Debt	481 000	784 000	451 000	281 000
Total Current Debt	1 112 000	857 000	311 000	404 000
Total Equity and Debt	1 741 000	1 787 000	1 008 000	929 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 971 000	2 178 000	2 060 000	2 439 000
Other Income	8 000	37 000	5 000	20 000
Revenue	2 980 000	2 215 000	2 065 000	2 459 000
Cost of Goods Sold	172 000	26 000	81 000	155 000
Salary Costs	2 208 000	1 814 000	1 479 000	1 606 000
Depreciation	25 000	24 000	33 000	27 000
Impairment	0	0	0	0
Expenditure	2 940 000	2 263 000	2 042 000	2 263 000
Operating Profit	40 000	−50 000	22 000	196 000
Financial Income	0	0	0	1 000
Financial Costs	37 000	88 000	20 000	8 000
Financial Balance	−37 000	−88 000	−20 000	−7 000
Dividends	0	0	0	0
Net Income	2 000	−101 000	3 000	188 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	37 000	37 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	35 000	50 000	45 000	56 000
Fixtures	29 000	39 000	69 000	25 000
Total Tangible Assets	64 000	89 000	113 000	81 000
Total Fiancial Fixed Assets	1 297 000	1 297 000	400 000	400 000
Total Fixed Assets	1 398 000	1 423 000	513 000	481 000
Stock	23 000	23 000	23 000	23 000
Total Investments	0	0	0	0
Cash, Bank	51 000	257 000	300 000	317 000
Total Current Assets	343 000	364 000	495 000	448 000
Total Assets	1 741 000	1 787 000	1 008 000	929 000
Total Equity	148 000	146 000	247 000	244 000
Short-Term Group Debt	760 000	560 000	0	0
Total Long-Term Debt	481 000	784 000	451 000	281 000
Creditors	18 000	23 000	−33 000	5 000
Unpaid Taxes	168 000	122 000	110 000	215 000
Dividends	0	0	0	0
Other Current Debt	167 000	153 000	234 000	184 000
Total Current Debt	1 112 000	857 000	311 000	404 000
Total Equity and Debt	1 741 000	1 787 000	1 008 000	929 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,35 %	−69,18 %	1,21 %	77,05 %
Debt-to-Equity Ratio	3,25	5,37	1,83	1,15
Operating Profit Margin	1,34 %	−2,26 %	1,07 %	7,97 %
Current Ratio	0,31	0,42	1,59	1,11
Quick Ratio	0,31	0,44	1,72	1,18
Equity Ratio	0,09	0,08	0,25	0,26
Gross Profit Margin	94,23 %	98,83 %	96,08 %	93,7 %