VANGEN UTVIKLING AS

3120 NØTTERØY

Finances

Share Ownership

Return on Equity

155,38 %

Current Ratio

0,55

Debt-to-Equity Ratio

−2,36

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 528 000	1 978 000	661 000	1 111 000
Net Income	−895 000	27 000	−200 000	−30 000
Total Assets	1 935 000	2 864 000	717 000	910 000
Total Equity	−576 000	319 000	292 000	192 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 528 000	1 978 000	661 000	1 111 000
Expenditure	3 431 000	1 933 000	816 000	1 130 000
Operating Profit	−902 000	45 000	−156 000	−19 000
Financial Income	18 000	4 000	0	0
Financial Costs	50 000	14 000	16 000	20 000
Financial Balance	−32 000	−10 000	−16 000	−20 000
Earnings Before Tax	−934 000	35 000	−172 000	−39 000
Tax	−39 000	8 000	28 000	−9 000
Net Income	−895 000	27 000	−200 000	−30 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 304 000	1 707 000	607 000	738 000
Total Current Assets	631 000	1 157 000	110 000	172 000
Total Assets	1 935 000	2 864 000	717 000	910 000
Total Retained Equity	−906 000	−11 000	−38 000	162 000
Total Equity	−576 000	319 000	292 000	192 000
Total Long-Term Debt	1 362 000	1 844 000	306 000	469 000
Total Current Debt	1 149 000	701 000	119 000	249 000
Total Equity and Debt	1 935 000	2 864 000	717 000	910 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 405 000	1 876 000	661 000	1 111 000
Other Income	123 000	102 000	0	0
Revenue	2 528 000	1 978 000	661 000	1 111 000
Cost of Goods Sold	723 000	316 000	131 000	174 000
Salary Costs	2 252 000	1 157 000	298 000	477 000
Depreciation	136 000	139 000	131 000	131 000
Impairment	0	0	0	0
Expenditure	3 431 000	1 933 000	816 000	1 130 000
Operating Profit	−902 000	45 000	−156 000	−19 000
Financial Income	18 000	4 000	0	0
Financial Costs	50 000	14 000	16 000	20 000
Financial Balance	−32 000	−10 000	−16 000	−20 000
Dividends	0	0	0	0
Net Income	−895 000	27 000	−200 000	−30 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 304 000	1 707 000	607 000	738 000
Total Tangible Assets	1 304 000	1 707 000	607 000	738 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 304 000	1 707 000	607 000	738 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	146 000	154 000	44 000	137 000
Total Current Assets	631 000	1 157 000	110 000	172 000
Total Assets	1 935 000	2 864 000	717 000	910 000
Total Equity	−576 000	319 000	292 000	192 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 362 000	1 844 000	306 000	469 000
Creditors	86 000	21 000	14 000	4 000
Unpaid Taxes	265 000	257 000	15 000	163 000
Dividends	0	0	0	0
Other Current Debt	798 000	423 000	90 000	82 000
Total Current Debt	1 149 000	701 000	119 000	249 000
Total Equity and Debt	1 935 000	2 864 000	717 000	910 000

Financial indicators	2022	2021	2020	2019
Return on Equity	155,38 %	8,46 %	−68,49 %	−15,63 %
Debt-to-Equity Ratio	−2,36	5,78	1,05	2,44
Operating Profit Margin	−35,68 %	2,28 %	−23,6 %	−1,71 %
Current Ratio	0,55	1,65	0,92	0,69
Quick Ratio	0,55	1,65	0,92	0,69
Equity Ratio	−0,3	0,11	0,41	0,21
Gross Profit Margin	71,4 %	84,02 %	80,18 %	84,34 %