VERNENORGE AS

0476 OSLO

Finances

Share Ownership

Return on Equity

13,83 %

Current Ratio

0,08

Debt-to-Equity Ratio

−0,39

Key figures (NOK)	2022	2021	2020	2019
Revenue	817 000	1 451 000	1 366 000	2 493 000
Net Income	−153 000	35 000	19 000	−353 000
Total Assets	61 000	117 000	175 000	222 000
Total Equity	−1 106 000	−952 000	−987 000	−1 006 000

Income (NOK)	2022	2021	2020	2019
Revenue	817 000	1 451 000	1 366 000	2 493 000
Expenditure	917 000	1 378 000	1 298 000	2 801 000
Operating Profit	−101 000	74 000	69 000	−308 000
Financial Income	1 000	1 000	1 000	1 000
Financial Costs	54 000	40 000	51 000	45 000
Financial Balance	−53 000	−39 000	−50 000	−44 000
Earnings Before Tax	−153 000	35 000	19 000	−353 000
Tax	0	0	0	0
Net Income	−153 000	35 000	19 000	−353 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 000	10 000	15 000	20 000
Total Current Assets	56 000	107 000	160 000	202 000
Total Assets	61 000	117 000	175 000	222 000
Total Retained Equity	−1 130 000	−977 000	−1 012 000	−1 031 000
Total Equity	−1 106 000	−952 000	−987 000	−1 006 000
Total Long-Term Debt	430 000	420 000	420 000	420 000
Total Current Debt	736 000	649 000	742 000	809 000
Total Equity and Debt	61 000	117 000	175 000	222 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	817 000	1 451 000	1 366 000	2 493 000
Other Income	0	0	0	0
Revenue	817 000	1 451 000	1 366 000	2 493 000
Cost of Goods Sold	600 000	1 066 000	1 001 000	1 901 000
Salary Costs	179 000	183 000	123 000	597 000
Depreciation	5 000	5 000	5 000	5 000
Impairment	0	0	0	0
Expenditure	917 000	1 378 000	1 298 000	2 801 000
Operating Profit	−101 000	74 000	69 000	−308 000
Financial Income	1 000	1 000	1 000	1 000
Financial Costs	54 000	40 000	51 000	45 000
Financial Balance	−53 000	−39 000	−50 000	−44 000
Dividends	0	0	0	0
Net Income	−153 000	35 000	19 000	−353 000

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	0	0	0	0
Fixtures	5 000	10 000	15 000	20 000
Total Tangible Assets	5 000	10 000	15 000	20 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	5 000	10 000	15 000	20 000
Stock	0	21 000	21 000	60 000
Total Investments	0	0	0	0
Cash, Bank	11 000	19 000	8 000	29 000
Total Current Assets	56 000	107 000	160 000	202 000
Total Assets	61 000	117 000	175 000	222 000
Total Equity	−1 106 000	−952 000	−987 000	−1 006 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	430 000	420 000	420 000	420 000
Creditors	207 000	220 000	231 000	434 000
Unpaid Taxes	12 000	28 000	23 000	58 000
Dividends	0	0	0	0
Other Current Debt	30 000	17 000	13 000	66 000
Total Current Debt	736 000	649 000	742 000	809 000
Total Equity and Debt	61 000	117 000	175 000	222 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,83 %	−3,68 %	−1,93 %	35,09 %
Debt-to-Equity Ratio	−0,39	−0,44	−0,43	−0,42
Operating Profit Margin	−12,36 %	5,1 %	5,05 %	−12,35 %
Current Ratio	0,08	0,16	0,22	0,25
Quick Ratio	0,08	0,17	0,22	0,27
Equity Ratio	−18,13	−8,14	−5,64	−4,53
Gross Profit Margin	26,56 %	26,53 %	26,72 %	23,75 %