VOLLAVEGEN UTVIKLING AS

5262 ARNATVEIT

Finances

Share Ownership

Return on Equity

99,07 %

Current Ratio

17,53

Debt-to-Equity Ratio

−18,16

Key figures (NOK)	2021	2020	2019	2018
Revenue	245 000	140 000	235 000	241 000
Net Income	−853 000	−379 000	−214 000	−215 000
Total Assets	15 670 000	9 926 000	9 724 000	9 729 000
Total Equity	−861 000	−9 000	370 000	584 000

Income (NOK)	2021	2020	2019	2018
Revenue	245 000	140 000	235 000	241 000
Expenditure	462 000	156 000	119 000	129 000
Operating Profit	−217 000	−16 000	116 000	112 000
Financial Income	4 000	4 000	0	0
Financial Costs	640 000	366 000	329 000	327 000
Financial Balance	−636 000	−362 000	−329 000	−327 000
Earnings Before Tax	−853 000	−379 000	−214 000	−215 000
Tax	0	0	0	0
Net Income	−853 000	−379 000	−214 000	−215 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	12 000	42 000	12 000	34 000
Total Current Assets	15 658 000	9 884 000	9 712 000	9 696 000
Total Assets	15 670 000	9 926 000	9 724 000	9 729 000
Total Retained Equity	−1 861 000	−1 009 000	−630 000	−416 000
Total Equity	−861 000	−9 000	370 000	584 000
Total Long-Term Debt	15 639 000	9 210 000	8 493 000	8 499 000
Total Current Debt	893 000	725 000	861 000	647 000
Total Equity and Debt	15 670 000	9 926 000	9 724 000	9 729 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	0	0	0
Other Income	245 000	140 000	235 000	241 000
Revenue	245 000	140 000	235 000	241 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	462 000	156 000	119 000	129 000
Operating Profit	−217 000	−16 000	116 000	112 000
Financial Income	4 000	4 000	0	0
Financial Costs	640 000	366 000	329 000	327 000
Financial Balance	−636 000	−362 000	−329 000	−327 000
Dividends	0	0	0	0
Net Income	−853 000	−379 000	−214 000	−215 000

Balance details (NOK)	2021	2020	2019	2018
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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	12 000	42 000	12 000	34 000
Total Fixed Assets	12 000	42 000	12 000	34 000
Stock	14 789 000	9 857 000	9 646 000	9 646 000
Total Investments	0	0	0	0
Cash, Bank	95 000	7 000	1 000	21 000
Total Current Assets	15 658 000	9 884 000	9 712 000	9 696 000
Total Assets	15 670 000	9 926 000	9 724 000	9 729 000
Total Equity	−861 000	−9 000	370 000	584 000
Short-Term Group Debt	87 000	0	135 000	0
Total Long-Term Debt	15 639 000	9 210 000	8 493 000	8 499 000
Creditors	462 000	325 000	30 000	81 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	344 000	401 000	696 000	566 000
Total Current Debt	893 000	725 000	861 000	647 000
Total Equity and Debt	15 670 000	9 926 000	9 724 000	9 729 000

Financial indicators	2021	2020	2019	2018
Return on Equity	99,07 %	4 211,11 %	−57,84 %	−36,82 %
Debt-to-Equity Ratio	−18,16	−1 023,33	22,95	14,55
Operating Profit Margin	−88,57 %	−11,43 %	49,36 %	46,47 %
Current Ratio	17,53	13,63	11,28	14,99
Quick Ratio	−1,13	−1,08	−1,11	−1,08
Equity Ratio	−0,05	−0	0,04	0,06
Gross Profit Margin	100 %	100 %	100 %	100 %