VÆRSTE UTVIKLING AS

1671 KRÅKERØY

Finances

Share Ownership

Return on Equity

−8,97 %

Current Ratio

0,26

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 422 000	15 428 000	10 544 000	8 231 000
Net Income	−13 068 000	−11 380 000	−5 233 000	−6 349 000
Total Assets	308 253 000	301 640 000	233 167 000	182 843 000
Total Equity	145 704 000	152 057 000	79 726 000	87 237 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 422 000	15 428 000	10 544 000	8 231 000
Expenditure	28 916 000	26 662 000	15 175 000	13 112 000
Operating Profit	−13 495 000	−11 234 000	−4 632 000	−4 881 000
Financial Income	1 374 000	8 000	29 000	61 000
Financial Costs	4 632 000	3 363 000	2 106 000	3 320 000
Financial Balance	−3 258 000	−3 355 000	−2 077 000	−3 259 000
Earnings Before Tax	−16 753 000	−14 589 000	−6 708 000	−8 140 000
Tax	−3 686 000	−3 210 000	−1 476 000	−1 791 000
Net Income	−13 068 000	−11 380 000	−5 233 000	−6 349 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	265 565 000	246 495 000	227 601 000	168 737 000
Total Current Assets	42 688 000	55 146 000	5 566 000	14 106 000
Total Assets	308 253 000	301 640 000	233 167 000	182 843 000
Total Retained Equity	0	0	0	0
Total Equity	145 704 000	152 057 000	79 726 000	87 237 000
Total Long-Term Debt	0	43 389 000	88 376 000	83 380 000
Total Current Debt	162 549 000	106 195 000	65 065 000	12 226 000
Total Equity and Debt	308 253 000	301 640 000	233 167 000	182 843 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	15 422 000	15 428 000	10 544 000	8 231 000
Revenue	15 422 000	15 428 000	10 544 000	8 231 000
Cost of Goods Sold	0	2 450 000	0	0
Salary Costs	0	0	0	0
Depreciation	2 726 000	2 581 000	2 443 000	2 131 000
Impairment	0	0	0	0
Expenditure	28 916 000	26 662 000	15 175 000	13 112 000
Operating Profit	−13 495 000	−11 234 000	−4 632 000	−4 881 000
Financial Income	1 374 000	8 000	29 000	61 000
Financial Costs	4 632 000	3 363 000	2 106 000	3 320 000
Financial Balance	−3 258 000	−3 355 000	−2 077 000	−3 259 000
Dividends	0	0	0	0
Net Income	−13 068 000	−11 380 000	−5 233 000	−6 349 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 614 000	1 822 000	9 531 000	8 290 000
Real Eastate	201 298 000	211 536 000	185 075 000	160 448 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	92 000	142 000	0	0
Total Tangible Assets	201 390 000	211 677 000	185 075 000	160 448 000
Total Fiancial Fixed Assets	60 561 000	32 995 000	32 995 000	0
Total Fixed Assets	265 565 000	246 495 000	227 601 000	168 737 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 000	1 000	0	0
Total Current Assets	42 688 000	55 146 000	5 566 000	14 106 000
Total Assets	308 253 000	301 640 000	233 167 000	182 843 000
Total Equity	145 704 000	152 057 000	79 726 000	87 237 000
Short-Term Group Debt	155 210 000	103 974 000	52 593 000	9 849 000
Total Long-Term Debt	0	43 389 000	88 376 000	83 380 000
Creditors	6 258 000	1 384 000	12 210 000	1 743 000
Unpaid Taxes	274 000	219 000	261 000	407 000
Dividends	0	0	0	0
Other Current Debt	808 000	619 000	0	226 000
Total Current Debt	162 549 000	106 195 000	65 065 000	12 226 000
Total Equity and Debt	308 253 000	301 640 000	233 167 000	182 843 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,97 %	−7,48 %	−6,56 %	−7,28 %
Debt-to-Equity Ratio	0	0,29	1,11	0,96
Operating Profit Margin	−87,5 %	−72,82 %	−43,93 %	−59,3 %
Current Ratio	0,26	0,52	0,09	1,15
Quick Ratio	0,26	0,52	0,09	1,15
Equity Ratio	0,47	0,5	0,34	0,48
Gross Profit Margin	100 %	84,12 %	100 %	100 %