VETÅSVEIEN 181 AS

5938 SÆBØVÅGEN

Finances

Share Ownership

Return on Equity

−11,21 %

Current Ratio

1,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 250 000	1 250 000	1 250 000	1 250 000
Net Income	−4 281 000	−4 451 000	−4 665 000	−4 886 000
Total Assets	60 245 000	42 724 000	48 371 000	57 562 000
Total Equity	38 179 000	20 460 000	39 911 000	53 008 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 250 000	1 250 000	1 250 000	1 250 000
Expenditure	5 532 000	5 701 000	5 917 000	6 138 000
Operating Profit	−4 282 000	−4 452 000	−4 666 000	−4 888 000
Financial Income	1 000	1 000	2 000	2 000
Financial Costs	0	0	1 000	0
Financial Balance	1 000	1 000	1 000	2 000
Earnings Before Tax	−4 281 000	−4 451 000	−4 665 000	−4 886 000
Tax	0	0	0	0
Net Income	−4 281 000	−4 451 000	−4 665 000	−4 886 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	37 472 000	42 398 000	47 562 000	56 882 000
Total Current Assets	22 773 000	326 000	809 000	680 000
Total Assets	60 245 000	42 724 000	48 371 000	57 562 000
Total Retained Equity	0	0	7 986 000	21 084 000
Total Equity	38 179 000	20 460 000	39 911 000	53 008 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	22 066 000	22 264 000	8 460 000	4 554 000
Total Equity and Debt	60 245 000	42 724 000	48 371 000	57 562 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 250 000	1 250 000	1 250 000	1 250 000
Other Income	0	0	0	0
Revenue	1 250 000	1 250 000	1 250 000	1 250 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	4 926 000	5 164 000	5 388 000	5 653 000
Impairment	0	0	0	0
Expenditure	5 532 000	5 701 000	5 917 000	6 138 000
Operating Profit	−4 282 000	−4 452 000	−4 666 000	−4 888 000
Financial Income	1 000	1 000	2 000	2 000
Financial Costs	0	0	1 000	0
Financial Balance	1 000	1 000	1 000	2 000
Dividends	0	0	0	0
Net Income	−4 281 000	−4 451 000	−4 665 000	−4 886 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	3 932 000
Real Eastate	37 469 000	42 393 000	47 556 000	52 863 000
Machinery and Plant Facilities	3 000	5 000	6 000	87 000
Fixtures	0	0	0	0
Total Tangible Assets	37 472 000	42 398 000	47 562 000	52 950 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	37 472 000	42 398 000	47 562 000	56 882 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	252 000	326 000	669 000	448 000
Total Current Assets	22 773 000	326 000	809 000	680 000
Total Assets	60 245 000	42 724 000	48 371 000	57 562 000
Total Equity	38 179 000	20 460 000	39 911 000	53 008 000
Short-Term Group Debt	22 000 000	22 198 000	8 385 000	4 485 000
Total Long-Term Debt	0	0	0	0
Creditors	25 000	19 000	29 000	29 000
Unpaid Taxes	41 000	47 000	46 000	40 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	22 066 000	22 264 000	8 460 000	4 554 000
Total Equity and Debt	60 245 000	42 724 000	48 371 000	57 562 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,21 %	−21,75 %	−11,69 %	−9,22 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−342,56 %	−356,16 %	−373,28 %	−391,04 %
Current Ratio	1,03	0,01	0,1	0,15
Quick Ratio	1,03	0,01	0,1	0,15
Equity Ratio	0,63	0,48	0,83	0,92
Gross Profit Margin	100 %	100 %	100 %	100 %