VESTERÅLEN KULDE AS

8406 SORTLAND

Finances

Share Ownership

Return on Equity

1,91 %

Current Ratio

1,26

Debt-to-Equity Ratio

0,52

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 660 000	4 884 000	2 729 000	2 691 000
Net Income	15 000	420 000	114 000	−72 000
Total Assets	2 156 000	1 766 000	1 150 000	837 000
Total Equity	786 000	770 000	551 000	437 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 660 000	4 884 000	2 729 000	2 691 000
Expenditure	5 623 000	4 483 000	2 579 000	2 812 000
Operating Profit	45 000	545 000	149 000	−89 000
Financial Income	1 000	1 000	2 000	0
Financial Costs	22 000	1 000	2 000	3 000
Financial Balance	−21 000	0	0	−3 000
Earnings Before Tax	24 000	545 000	149 000	−92 000
Tax	9 000	126 000	35 000	−19 000
Net Income	15 000	420 000	114 000	−72 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	938 000	528 000	418 000	435 000
Total Current Assets	1 217 000	1 238 000	733 000	402 000
Total Assets	2 156 000	1 766 000	1 150 000	837 000
Total Retained Equity	756 000	740 000	521 000	407 000
Total Equity	786 000	770 000	551 000	437 000
Total Long-Term Debt	406 000	0	0	0
Total Current Debt	964 000	996 000	600 000	401 000
Total Equity and Debt	2 156 000	1 766 000	1 150 000	837 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 617 000	4 884 000	2 729 000	2 691 000
Other Income	43 000	0	0	0
Revenue	5 660 000	4 884 000	2 729 000	2 691 000
Cost of Goods Sold	2 187 000	2 161 000	1 206 000	1 109 000
Salary Costs	2 087 000	1 546 000	909 000	1 190 000
Depreciation	169 000	49 000	29 000	45 000
Impairment	0	0	0	0
Expenditure	5 623 000	4 483 000	2 579 000	2 812 000
Operating Profit	45 000	545 000	149 000	−89 000
Financial Income	1 000	1 000	2 000	0
Financial Costs	22 000	1 000	2 000	3 000
Financial Balance	−21 000	0	0	−3 000
Dividends	0	200 000	0	0
Net Income	15 000	420 000	114 000	−72 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 000	10 000	15 000	50 000
Real Eastate	226 000	235 000	244 000	252 000
Machinery and Plant Facilities	477 000	74 000	25 000	33 000
Fixtures	56 000	63 000	70 000	20 000
Total Tangible Assets	823 000	372 000	339 000	305 000
Total Fiancial Fixed Assets	110 000	147 000	64 000	80 000
Total Fixed Assets	938 000	528 000	418 000	435 000
Stock	284 000	276 000	130 000	132 000
Total Investments	0	0	0	0
Cash, Bank	364 000	472 000	157 000	115 000
Total Current Assets	1 217 000	1 238 000	733 000	402 000
Total Assets	2 156 000	1 766 000	1 150 000	837 000
Total Equity	786 000	770 000	551 000	437 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	406 000	0	0	0
Creditors	413 000	223 000	356 000	109 000
Unpaid Taxes	317 000	284 000	152 000	183 000
Dividends	0	200 000	0	0
Other Current Debt	230 000	169 000	92 000	108 000
Total Current Debt	964 000	996 000	600 000	401 000
Total Equity and Debt	2 156 000	1 766 000	1 150 000	837 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,91 %	54,55 %	20,69 %	−16,48 %
Debt-to-Equity Ratio	0,52	0	0	0
Operating Profit Margin	0,8 %	11,16 %	5,46 %	−3,31 %
Current Ratio	1,26	1,24	1,22	1
Quick Ratio	1,79	1,72	1,56	1,49
Equity Ratio	0,36	0,44	0,48	0,52
Gross Profit Margin	61,36 %	55,75 %	55,81 %	58,79 %