VITEQ FARMING AS

7900 RØRVIK

Finances

Return on Equity

18,53 %

Current Ratio

2,65

Debt-to-Equity Ratio

−2,58

Key figures (NOK)	2022	2021	2020	2019
Revenue	100 000	0	47 000	0
Net Income	−154 000	−73 000	−6 000	−37 000
Total Assets	1 344 000	1 409 000	1 577 000	485 000
Total Equity	−831 000	−676 000	−603 000	−597 000

Income (NOK)	2022	2021	2020	2019
Revenue	100 000	0	47 000	0
Expenditure	79 000	55 000	29 000	32 000
Operating Profit	22 000	−55 000	17 000	−31 000
Financial Income	0	0	0	0
Financial Costs	176 000	18 000	24 000	5 000
Financial Balance	−176 000	−18 000	−24 000	−5 000
Earnings Before Tax	−154 000	−73 000	−6 000	−37 000
Tax	0	0	0	0
Net Income	−154 000	−73 000	−6 000	−37 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 261 000	1 261 000	1 246 000	470 000
Total Current Assets	82 000	147 000	332 000	15 000
Total Assets	1 344 000	1 409 000	1 577 000	485 000
Total Retained Equity	−881 000	−726 000	−653 000	−647 000
Total Equity	−831 000	−676 000	−603 000	−597 000
Total Long-Term Debt	2 144 000	2 084 000	2 179 000	1 080 000
Total Current Debt	31 000	1 000	1 000	1 000
Total Equity and Debt	1 344 000	1 409 000	1 577 000	485 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	100 000	0	47 000	0
Other Income	0	0	0	0
Revenue	100 000	0	47 000	0
Cost of Goods Sold	43 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	−8 000	8 000
Impairment	0	0	0	0
Expenditure	79 000	55 000	29 000	32 000
Operating Profit	22 000	−55 000	17 000	−31 000
Financial Income	0	0	0	0
Financial Costs	176 000	18 000	24 000	5 000
Financial Balance	−176 000	−18 000	−24 000	−5 000
Dividends	0	0	0	0
Net Income	−154 000	−73 000	−6 000	−37 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	838 000	838 000	823 000	423 000
Fixtures	48 000	48 000	48 000	47 000
Total Tangible Assets	886 000	886 000	871 000	470 000
Total Fiancial Fixed Assets	375 000	375 000	375 000	0
Total Fixed Assets	1 261 000	1 261 000	1 246 000	470 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	82 000	147 000	332 000	15 000
Total Current Assets	82 000	147 000	332 000	15 000
Total Assets	1 344 000	1 409 000	1 577 000	485 000
Total Equity	−831 000	−676 000	−603 000	−597 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 144 000	2 084 000	2 179 000	1 080 000
Creditors	0	1 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	31 000	1 000	1 000	1 000
Total Current Debt	31 000	1 000	1 000	1 000
Total Equity and Debt	1 344 000	1 409 000	1 577 000	485 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,53 %	10,8 %	1 %	6,2 %
Debt-to-Equity Ratio	−2,58	−3,08	−3,61	−1,81
Operating Profit Margin	22 %	-	36,17 %	-
Current Ratio	2,65	147	332	15
Quick Ratio	2,65	147	332	15
Equity Ratio	−0,62	−0,48	−0,38	−1,23
Gross Profit Margin	57 %	-	100 %	-