VESTERÅLEN SEAWEED AS

8430 MYRE

Finances

Return on Equity

−1,7 %

Current Ratio

18,59

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	1 000	3 000	13 000
Net Income	−35 000	−31 000	−54 000	−73 000
Total Assets	2 168 000	694 000	5 000	149 000
Total Equity	2 059 000	594 000	−89 000	85 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	1 000	3 000	13 000
Expenditure	30 000	32 000	57 000	84 000
Operating Profit	−30 000	−31 000	−54 000	−72 000
Financial Income	0	0	0	0
Financial Costs	5 000	0	0	1 000
Financial Balance	−5 000	0	0	−1 000
Earnings Before Tax	−35 000	−31 000	−54 000	−73 000
Tax	0	0	0	0
Net Income	−35 000	−31 000	−54 000	−73 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	123 000	125 000	5 000	125 000
Total Current Assets	2 045 000	569 000	0	24 000
Total Assets	2 168 000	694 000	5 000	149 000
Total Retained Equity	−261 000	−226 000	−189 000	−135 000
Total Equity	2 059 000	594 000	−89 000	85 000
Total Long-Term Debt	0	0	92 000	0
Total Current Debt	110 000	100 000	3 000	64 000
Total Equity and Debt	2 168 000	694 000	5 000	149 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	1 000	3 000	13 000
Other Income	0	0	0	0
Revenue	0	1 000	3 000	13 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	1 000	0	0	0
Impairment	0	0	0	0
Expenditure	30 000	32 000	57 000	84 000
Operating Profit	−30 000	−31 000	−54 000	−72 000
Financial Income	0	0	0	0
Financial Costs	5 000	0	0	1 000
Financial Balance	−5 000	0	0	−1 000
Dividends	0	0	0	0
Net Income	−35 000	−31 000	−54 000	−73 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	107 000	107 000	107 000	107 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	7 000	0
Fixtures	6 000	7 000	0	7 000
Total Tangible Assets	6 000	7 000	7 000	7 000
Total Fiancial Fixed Assets	10 000	10 000	−110 000	10 000
Total Fixed Assets	123 000	125 000	5 000	125 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 039 000	569 000	0	24 000
Total Current Assets	2 045 000	569 000	0	24 000
Total Assets	2 168 000	694 000	5 000	149 000
Total Equity	2 059 000	594 000	−89 000	85 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	92 000	0
Creditors	5 000	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	104 000	100 000	3 000	64 000
Total Current Debt	110 000	100 000	3 000	64 000
Total Equity and Debt	2 168 000	694 000	5 000	149 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,7 %	−5,22 %	60,67 %	−85,88 %
Debt-to-Equity Ratio	0	0	−1,03	0
Operating Profit Margin	-	−3 100 %	−1 800 %	−553,85 %
Current Ratio	18,59	5,69	0	0,38
Quick Ratio	18,59	5,69	0	0,38
Equity Ratio	0,95	0,86	−17,8	0,57
Gross Profit Margin	-	100 %	100 %	100 %