VESTFJORD MARINE AS

8095 HELLIGVÆR

Finances

Return on Equity

138,28 %

Current Ratio

2,19

Debt-to-Equity Ratio

−9,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 000	0	1 231 000	4 986 000
Net Income	−690 000	−456 000	−598 000	−347 000
Total Assets	4 615 000	6 300 000	6 109 000	6 920 000
Total Equity	−499 000	−809 000	−803 000	−205 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 000	0	1 231 000	4 986 000
Expenditure	656 000	406 000	1 713 000	5 272 000
Operating Profit	−643 000	−406 000	−482 000	−286 000
Financial Income	3 000	3 000	2 000	1 000
Financial Costs	50 000	52 000	118 000	61 000
Financial Balance	−47 000	−49 000	−116 000	−60 000
Earnings Before Tax	−690 000	−456 000	−598 000	−347 000
Tax	0	0	0	0
Net Income	−690 000	−456 000	−598 000	−347 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 825 000	3 160 000	3 376 000	3 390 000
Total Current Assets	790 000	3 140 000	2 733 000	3 530 000
Total Assets	4 615 000	6 300 000	6 109 000	6 920 000
Total Retained Equity	−1 698 000	−1 465 000	−1 009 000	−411 000
Total Equity	−499 000	−809 000	−803 000	−205 000
Total Long-Term Debt	4 754 000	6 706 000	5 920 000	4 316 000
Total Current Debt	360 000	403 000	992 000	2 809 000
Total Equity and Debt	4 615 000	6 300 000	6 109 000	6 920 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 000	0	1 231 000	4 986 000
Other Income	0	0	0	0
Revenue	13 000	0	1 231 000	4 986 000
Cost of Goods Sold	0	0	1 008 000	4 464 000
Salary Costs	48 000	0	0	2 000
Depreciation	212 000	216 000	221 000	97 000
Impairment	0	0	0	0
Expenditure	656 000	406 000	1 713 000	5 272 000
Operating Profit	−643 000	−406 000	−482 000	−286 000
Financial Income	3 000	3 000	2 000	1 000
Financial Costs	50 000	52 000	118 000	61 000
Financial Balance	−47 000	−49 000	−116 000	−60 000
Dividends	0	0	0	0
Net Income	−690 000	−456 000	−598 000	−347 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 040 000	164 000	164 000	2 896 000
Real Eastate	2 564 000	2 671 000	2 782 000	0
Machinery and Plant Facilities	180 000	0	0	0
Fixtures	41 000	326 000	430 000	494 000
Total Tangible Assets	2 785 000	2 996 000	3 212 000	494 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 825 000	3 160 000	3 376 000	3 390 000
Stock	0	0	0	0
Total Investments	200 000	200 000	200 000	200 000
Cash, Bank	568 000	545 000	151 000	427 000
Total Current Assets	790 000	3 140 000	2 733 000	3 530 000
Total Assets	4 615 000	6 300 000	6 109 000	6 920 000
Total Equity	−499 000	−809 000	−803 000	−205 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 754 000	6 706 000	5 920 000	4 316 000
Creditors	339 000	252 000	842 000	2 644 000
Unpaid Taxes	14 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	7 000	151 000	150 000	165 000
Total Current Debt	360 000	403 000	992 000	2 809 000
Total Equity and Debt	4 615 000	6 300 000	6 109 000	6 920 000

Financial indicators	2022	2021	2020	2019
Return on Equity	138,28 %	56,37 %	74,47 %	169,27 %
Debt-to-Equity Ratio	−9,53	−8,29	−7,37	−21,05
Operating Profit Margin	−4 946,15 %	-	−39,16 %	−5,74 %
Current Ratio	2,19	7,79	2,76	1,26
Quick Ratio	2,19	7,79	2,76	1,26
Equity Ratio	−0,11	−0,13	−0,13	−0,03
Gross Profit Margin	100 %	-	18,12 %	10,47 %