VESTFJORDEN UTVIKLING AS

3159 MELSOMVIK

Finances

Share Ownership

Return on Equity

16,68 %

Current Ratio

9,98

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	257 000	217 000	230 000	4 899 000
Net Income	1 225 000	77 000	−105 000	1 655 000
Total Assets	7 429 000	6 939 000	6 882 000	7 983 000
Total Equity	7 345 000	6 780 000	6 803 000	6 908 000

Income (NOK)	2022	2021	2020	2019
Revenue	257 000	217 000	230 000	4 899 000
Expenditure	161 000	131 000	357 000	2 794 000
Operating Profit	96 000	87 000	−128 000	2 105 000
Financial Income	1 164 000	11 000	0	30 000
Financial Costs	0	0	3 000	10 000
Financial Balance	1 164 000	11 000	−3 000	20 000
Earnings Before Tax	1 260 000	98 000	−131 000	2 124 000
Tax	35 000	22 000	−26 000	469 000
Net Income	1 225 000	77 000	−105 000	1 655 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 780 000	6 276 000	6 276 000	7 472 000
Total Current Assets	649 000	663 000	606 000	511 000
Total Assets	7 429 000	6 939 000	6 882 000	7 983 000
Total Retained Equity	7 154 000	6 589 000	6 612 000	6 717 000
Total Equity	7 345 000	6 780 000	6 803 000	6 908 000
Total Long-Term Debt	19 000	24 000	29 000	565 000
Total Current Debt	65 000	136 000	50 000	510 000
Total Equity and Debt	7 429 000	6 939 000	6 882 000	7 983 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	257 000	217 000	230 000	4 899 000
Revenue	257 000	217 000	230 000	4 899 000
Cost of Goods Sold	0	0	0	2 213 000
Salary Costs	0	30 000	92 000	172 000
Depreciation	0	0	42 000	126 000
Impairment	0	0	0	0
Expenditure	161 000	131 000	357 000	2 794 000
Operating Profit	96 000	87 000	−128 000	2 105 000
Financial Income	1 164 000	11 000	0	30 000
Financial Costs	0	0	3 000	10 000
Financial Balance	1 164 000	11 000	−3 000	20 000
Dividends	0	100 000	0	0
Net Income	1 225 000	77 000	−105 000	1 655 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 717 000	4 717 000	4 717 000	4 717 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	714 000
Total Tangible Assets	4 717 000	4 717 000	4 717 000	5 431 000
Total Fiancial Fixed Assets	2 063 000	1 559 000	1 559 000	2 041 000
Total Fixed Assets	6 780 000	6 276 000	6 276 000	7 472 000
Stock	0	26 000	0	0
Total Investments	0	0	0	0
Cash, Bank	622 000	624 000	578 000	494 000
Total Current Assets	649 000	663 000	606 000	511 000
Total Assets	7 429 000	6 939 000	6 882 000	7 983 000
Total Equity	7 345 000	6 780 000	6 803 000	6 908 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	19 000	24 000	29 000	565 000
Creditors	0	5 000	35 000	11 000
Unpaid Taxes	0	0	5 000	14 000
Dividends	0	100 000	0	0
Other Current Debt	26 000	3 000	10 000	16 000
Total Current Debt	65 000	136 000	50 000	510 000
Total Equity and Debt	7 429 000	6 939 000	6 882 000	7 983 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,68 %	1,14 %	−1,54 %	23,96 %
Debt-to-Equity Ratio	0	0	0	0,08
Operating Profit Margin	37,35 %	40,09 %	−55,65 %	42,97 %
Current Ratio	9,98	4,88	12,12	1
Quick Ratio	9,98	6,03	12,12	1
Equity Ratio	0,99	0,98	0,99	0,87
Gross Profit Margin	100 %	100 %	100 %	54,83 %