VESTFJORDGATA 22 AS

8300 SVOLVÆR

Finances

Share Ownership

Return on Equity

−26,14 %

Current Ratio

0,05

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	151 000	151 000	151 000	221 000
Net Income	−457 000	−515 000	−469 000	−269 000
Total Assets	2 994 000	3 197 000	3 342 000	3 339 000
Total Equity	1 748 000	2 204 000	2 719 000	3 188 000

Income (NOK)	2022	2021	2020	2019
Revenue	151 000	151 000	151 000	221 000
Expenditure	587 000	656 000	615 000	489 000
Operating Profit	−436 000	−504 000	−464 000	−268 000
Financial Income	0	0	0	0
Financial Costs	21 000	11 000	5 000	1 000
Financial Balance	−21 000	−11 000	−5 000	−1 000
Earnings Before Tax	−457 000	−515 000	−469 000	−269 000
Tax	0	0	0	0
Net Income	−457 000	−515 000	−469 000	−269 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 931 000	3 132 000	3 235 000	3 162 000
Total Current Assets	63 000	65 000	107 000	176 000
Total Assets	2 994 000	3 197 000	3 342 000	3 339 000
Total Retained Equity	−2 252 000	−1 796 000	−1 281 000	−812 000
Total Equity	1 748 000	2 204 000	2 719 000	3 188 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 247 000	993 000	622 000	151 000
Total Equity and Debt	2 994 000	3 197 000	3 342 000	3 339 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	151 000	151 000	151 000	221 000
Other Income	0	0	0	0
Revenue	151 000	151 000	151 000	221 000
Cost of Goods Sold	0	0	0	0
Salary Costs	25 000	36 000	53 000	25 000
Depreciation	201 000	170 000	170 000	170 000
Impairment	0	0	0	0
Expenditure	587 000	656 000	615 000	489 000
Operating Profit	−436 000	−504 000	−464 000	−268 000
Financial Income	0	0	0	0
Financial Costs	21 000	11 000	5 000	1 000
Financial Balance	−21 000	−11 000	−5 000	−1 000
Dividends	0	0	0	0
Net Income	−457 000	−515 000	−469 000	−269 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 832 000	3 016 000	3 100 000	3 011 000
Machinery and Plant Facilities	99 000	117 000	134 000	152 000
Fixtures	0	0	0	0
Total Tangible Assets	2 931 000	3 132 000	3 235 000	3 162 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 931 000	3 132 000	3 235 000	3 162 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	57 000	65 000	95 000	98 000
Total Current Assets	63 000	65 000	107 000	176 000
Total Assets	2 994 000	3 197 000	3 342 000	3 339 000
Total Equity	1 748 000	2 204 000	2 719 000	3 188 000
Short-Term Group Debt	1 213 000	913 000	613 000	100 000
Total Long-Term Debt	0	0	0	0
Creditors	27 000	72 000	8 000	12 000
Unpaid Taxes	1 000	1 000	1 000	0
Dividends	0	0	0	0
Other Current Debt	5 000	7 000	0	39 000
Total Current Debt	1 247 000	993 000	622 000	151 000
Total Equity and Debt	2 994 000	3 197 000	3 342 000	3 339 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−26,14 %	−23,37 %	−17,25 %	−8,44 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−288,74 %	−333,77 %	−307,28 %	−121,27 %
Current Ratio	0,05	0,07	0,17	1,17
Quick Ratio	0,05	0,07	0,17	1,17
Equity Ratio	0,58	0,69	0,81	0,95
Gross Profit Margin	100 %	100 %	100 %	100 %