VENNESUND EIENDOM AS

8920 SØMNA

Finances

Share Ownership

Return on Equity

−12,4 %

Current Ratio

2,38

Debt-to-Equity Ratio

1,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	706 000	1 257 000	685 000	479 000
Net Income	−259 000	531 000	295 000	50 000
Total Assets	4 904 000	5 060 000	4 653 000	3 630 000
Total Equity	2 088 000	2 347 000	1 816 000	1 521 000

Income (NOK)	2022	2021	2020	2019
Revenue	706 000	1 257 000	685 000	479 000
Expenditure	1 014 000	472 000	297 000	332 000
Operating Profit	−308 000	785 000	388 000	147 000
Financial Income	0	0	0	0
Financial Costs	113 000	105 000	81 000	97 000
Financial Balance	−113 000	−105 000	−81 000	−97 000
Earnings Before Tax	−420 000	680 000	307 000	50 000
Tax	−162 000	150 000	12 000	0
Net Income	−259 000	531 000	295 000	50 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 676 000	4 895 000	4 540 000	3 547 000
Total Current Assets	228 000	165 000	113 000	83 000
Total Assets	4 904 000	5 060 000	4 653 000	3 630 000
Total Retained Equity	460 000	719 000	188 000	−107 000
Total Equity	2 088 000	2 347 000	1 816 000	1 521 000
Total Long-Term Debt	2 721 000	2 689 000	2 775 000	1 677 000
Total Current Debt	96 000	25 000	62 000	432 000
Total Equity and Debt	4 904 000	5 060 000	4 653 000	3 630 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	131 000	7 000	125 000	396 000
Other Income	575 000	1 250 000	560 000	83 000
Revenue	706 000	1 257 000	685 000	479 000
Cost of Goods Sold	0	1 000	3 000	25 000
Salary Costs	343 000	77 000	0	0
Depreciation	228 000	187 000	185 000	92 000
Impairment	0	0	0	0
Expenditure	1 014 000	472 000	297 000	332 000
Operating Profit	−308 000	785 000	388 000	147 000
Financial Income	0	0	0	0
Financial Costs	113 000	105 000	81 000	97 000
Financial Balance	−113 000	−105 000	−81 000	−97 000
Dividends	0	0	0	0
Net Income	−259 000	531 000	295 000	50 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 627 000	3 918 000	3 690 000	3 547 000
Machinery and Plant Facilities	81 000	0	0	0
Fixtures	33 000	42 000	0	0
Total Tangible Assets	3 741 000	3 959 000	3 690 000	3 547 000
Total Fiancial Fixed Assets	935 000	935 000	850 000	0
Total Fixed Assets	4 676 000	4 895 000	4 540 000	3 547 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	41 000	36 000	39 000	30 000
Total Current Assets	228 000	165 000	113 000	83 000
Total Assets	4 904 000	5 060 000	4 653 000	3 630 000
Total Equity	2 088 000	2 347 000	1 816 000	1 521 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 721 000	2 689 000	2 775 000	1 677 000
Creditors	69 000	46 000	47 000	41 000
Unpaid Taxes	1 000	−28 000	15 000	20 000
Dividends	0	0	0	0
Other Current Debt	25 000	7 000	0	371 000
Total Current Debt	96 000	25 000	62 000	432 000
Total Equity and Debt	4 904 000	5 060 000	4 653 000	3 630 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,4 %	22,62 %	16,24 %	3,29 %
Debt-to-Equity Ratio	1,3	1,15	1,53	1,1
Operating Profit Margin	−43,63 %	62,45 %	56,64 %	30,69 %
Current Ratio	2,38	6,6	1,82	0,19
Quick Ratio	2,38	6,6	1,82	0,19
Equity Ratio	0,43	0,46	0,39	0,42
Gross Profit Margin	100 %	99,92 %	99,56 %	94,78 %