VESTFJORDEN ELEKTRO AS

3482 TOFTE

Finances

Share Ownership

Return on Equity

−80,27 %

Current Ratio

0,87

Debt-to-Equity Ratio

5,84

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 493 000	5 612 000	3 785 000	2 519 000
Net Income	−240 000	351 000	−46 000	123 000
Total Assets	3 129 000	1 796 000	1 030 000	1 207 000
Total Equity	299 000	540 000	189 000	235 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 493 000	5 612 000	3 785 000	2 519 000
Expenditure	5 742 000	5 148 000	3 829 000	2 352 000
Operating Profit	−249 000	464 000	−44 000	169 000
Financial Income	36 000	0	0	0
Financial Costs	96 000	14 000	14 000	11 000
Financial Balance	−60 000	−14 000	−14 000	−11 000
Earnings Before Tax	−308 000	450 000	−58 000	157 000
Tax	−68 000	99 000	−12 000	35 000
Net Income	−240 000	351 000	−46 000	123 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 188 000	373 000	279 000	313 000
Total Current Assets	941 000	1 424 000	751 000	893 000
Total Assets	3 129 000	1 796 000	1 030 000	1 207 000
Total Retained Equity	269 000	510 000	159 000	205 000
Total Equity	299 000	540 000	189 000	235 000
Total Long-Term Debt	1 747 000	305 000	178 000	257 000
Total Current Debt	1 082 000	952 000	663 000	714 000
Total Equity and Debt	3 129 000	1 796 000	1 030 000	1 207 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 187 000	5 612 000	3 785 000	2 519 000
Other Income	306 000	0	0	0
Revenue	5 493 000	5 612 000	3 785 000	2 519 000
Cost of Goods Sold	2 015 000	1 882 000	1 776 000	1 116 000
Salary Costs	2 637 000	2 333 000	1 357 000	838 000
Depreciation	289 000	149 000	116 000	120 000
Impairment	0	0	0	0
Expenditure	5 742 000	5 148 000	3 829 000	2 352 000
Operating Profit	−249 000	464 000	−44 000	169 000
Financial Income	36 000	0	0	0
Financial Costs	96 000	14 000	14 000	11 000
Financial Balance	−60 000	−14 000	−14 000	−11 000
Dividends	0	0	0	0
Net Income	−240 000	351 000	−46 000	123 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	83 000	15 000	7 000	0
Real Eastate	1 484 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	620 000	282 000	197 000	313 000
Total Tangible Assets	2 104 000	282 000	197 000	313 000
Total Fiancial Fixed Assets	0	75 000	75 000	0
Total Fixed Assets	2 188 000	373 000	279 000	313 000
Stock	173 000	233 000	170 000	140 000
Total Investments	0	0	0	0
Cash, Bank	495 000	680 000	55 000	363 000
Total Current Assets	941 000	1 424 000	751 000	893 000
Total Assets	3 129 000	1 796 000	1 030 000	1 207 000
Total Equity	299 000	540 000	189 000	235 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 747 000	305 000	178 000	257 000
Creditors	481 000	222 000	261 000	199 000
Unpaid Taxes	380 000	348 000	161 000	236 000
Dividends	0	0	0	0
Other Current Debt	222 000	275 000	241 000	240 000
Total Current Debt	1 082 000	952 000	663 000	714 000
Total Equity and Debt	3 129 000	1 796 000	1 030 000	1 207 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−80,27 %	65 %	−24,34 %	52,34 %
Debt-to-Equity Ratio	5,84	0,56	0,94	1,09
Operating Profit Margin	−4,53 %	8,27 %	−1,16 %	6,71 %
Current Ratio	0,87	1,5	1,13	1,25
Quick Ratio	1,04	1,98	1,52	1,56
Equity Ratio	0,1	0,3	0,18	0,19
Gross Profit Margin	63,32 %	66,46 %	53,08 %	55,7 %