VANNCO AS

0975 OSLO

Finances

Return on Equity

7,38 %

Current Ratio

2,23

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	1 396 000	4 426 000	0	100 000
Net Income	199 000	1 408 000	1 366 000	58 000
Total Assets	31 668 000	20 093 000	5 760 000	1 263 000
Total Equity	2 696 000	2 497 000	1 089 000	223 000

Income (NOK)	2021	2020	2019	2018
Revenue	1 396 000	4 426 000	0	100 000
Expenditure	514 000	4 315 000	164 000	49 000
Operating Profit	881 000	111 000	−164 000	51 000
Financial Income	2 013 000	1 589 000	1 602 000	84 000
Financial Costs	2 639 000	305 000	112 000	58 000
Financial Balance	−626 000	1 284 000	1 490 000	26 000
Earnings Before Tax	255 000	1 395 000	1 326 000	77 000
Tax	56 000	−13 000	−41 000	20 000
Net Income	199 000	1 408 000	1 366 000	58 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	9 189 000	17 177 000	501 000	411 000
Total Current Assets	22 478 000	2 916 000	5 258 000	852 000
Total Assets	31 668 000	20 093 000	5 760 000	1 263 000
Total Retained Equity	2 666 000	2 467 000	1 059 000	193 000
Total Equity	2 696 000	2 497 000	1 089 000	223 000
Total Long-Term Debt	18 877 000	9 979 000	0	0
Total Current Debt	10 095 000	7 617 000	4 671 000	1 041 000
Total Equity and Debt	31 668 000	20 093 000	5 760 000	1 263 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	922 000	3 876 000	0	100 000
Other Income	474 000	550 000	0	0
Revenue	1 396 000	4 426 000	0	100 000
Cost of Goods Sold	21 000	3 868 000	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	514 000	4 315 000	164 000	49 000
Operating Profit	881 000	111 000	−164 000	51 000
Financial Income	2 013 000	1 589 000	1 602 000	84 000
Financial Costs	2 639 000	305 000	112 000	58 000
Financial Balance	−626 000	1 284 000	1 490 000	26 000
Dividends	0	0	500 000	0
Net Income	199 000	1 408 000	1 366 000	58 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	56 000	43 000	2 000
Real Eastate	7 373 000	16 642 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	7 373 000	16 642 000	0	0
Total Fiancial Fixed Assets	1 816 000	479 000	459 000	409 000
Total Fixed Assets	9 189 000	17 177 000	501 000	411 000
Stock	15 250 000	0	3 728 000	0
Total Investments	0	0	0	0
Cash, Bank	1 484 000	555 000	3 000	202 000
Total Current Assets	22 478 000	2 916 000	5 258 000	852 000
Total Assets	31 668 000	20 093 000	5 760 000	1 263 000
Total Equity	2 696 000	2 497 000	1 089 000	223 000
Short-Term Group Debt	3 576 000	1 567 000	0	200 000
Total Long-Term Debt	18 877 000	9 979 000	0	0
Creditors	364 000	74 000	145 000	439 000
Unpaid Taxes	0	0	0	16 000
Dividends	0	0	500 000	0
Other Current Debt	6 154 000	5 977 000	4 025 000	385 000
Total Current Debt	10 095 000	7 617 000	4 671 000	1 041 000
Total Equity and Debt	31 668 000	20 093 000	5 760 000	1 263 000

Financial indicators	2021	2020	2019	2018
Return on Equity	7,38 %	56,39 %	125,44 %	26,01 %
Debt-to-Equity Ratio	7	4	0	0
Operating Profit Margin	63,11 %	2,51 %	-	51 %
Current Ratio	2,23	0,38	1,13	0,82
Quick Ratio	−4,36	0,38	5,58	0,82
Equity Ratio	0,09	0,12	0,19	0,18
Gross Profit Margin	98,5 %	12,61 %	-	100 %