VESTLANDET UTVIKLING AS

6800 FØRDE

Finances

Share Ownership

Return on Equity

2,3 %

Current Ratio

2,46

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 151 000	54 395 000	51 228 000	7 113 000
Net Income	255 000	8 010 000	4 126 000	1 307 000
Total Assets	13 351 000	23 409 000	72 115 000	11 663 000
Total Equity	11 089 000	10 834 000	5 824 000	1 699 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 151 000	54 395 000	51 228 000	7 113 000
Expenditure	1 464 000	22 326 000	45 130 000	5 311 000
Operating Profit	337 000	10 988 000	6 097 000	1 802 000
Financial Income	8 000	8 000	6 000	9 000
Financial Costs	16 000	724 000	812 000	135 000
Financial Balance	−8 000	−716 000	−806 000	−126 000
Earnings Before Tax	329 000	10 272 000	5 291 000	1 675 000
Tax	75 000	2 262 000	1 166 000	369 000
Net Income	255 000	8 010 000	4 126 000	1 307 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 791 000	4 180 000	0	0
Total Current Assets	5 559 000	19 229 000	72 115 000	11 663 000
Total Assets	13 351 000	23 409 000	72 115 000	11 663 000
Total Retained Equity	10 989 000	10 734 000	5 724 000	1 599 000
Total Equity	11 089 000	10 834 000	5 824 000	1 699 000
Total Long-Term Debt	0	0	21 433 000	46 000
Total Current Debt	2 262 000	12 575 000	44 858 000	9 919 000
Total Equity and Debt	13 351 000	23 409 000	72 115 000	11 663 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 525 000	54 114 000	51 228 000	7 113 000
Other Income	626 000	282 000	0	0
Revenue	4 151 000	54 395 000	51 228 000	7 113 000
Cost of Goods Sold	727 000	21 138 000	44 584 000	5 266 000
Salary Costs	0	20 000	0	0
Depreciation	501 000	218 000	0	0
Impairment	0	0	0	0
Expenditure	1 464 000	22 326 000	45 130 000	5 311 000
Operating Profit	337 000	10 988 000	6 097 000	1 802 000
Financial Income	8 000	8 000	6 000	9 000
Financial Costs	16 000	724 000	812 000	135 000
Financial Balance	−8 000	−716 000	−806 000	−126 000
Dividends	0	3 000 000	0	2 000 000
Net Income	255 000	8 010 000	4 126 000	1 307 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	585 000	560 000	0	0
Real Eastate	6 582 000	3 583 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	37 000	0	0
Total Tangible Assets	6 582 000	3 620 000	0	0
Total Fiancial Fixed Assets	625 000	0	0	0
Total Fixed Assets	7 791 000	4 180 000	0	0
Stock	5 053 000	7 694 000	32 188 000	8 278 000
Total Investments	0	0	0	0
Cash, Bank	270 000	6 601 000	9 923 000	0
Total Current Assets	5 559 000	19 229 000	72 115 000	11 663 000
Total Assets	13 351 000	23 409 000	72 115 000	11 663 000
Total Equity	11 089 000	10 834 000	5 824 000	1 699 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	21 433 000	46 000
Creditors	227 000	1 979 000	13 596 000	2 121 000
Unpaid Taxes	0	0	0	0
Dividends	0	3 000 000	0	2 000 000
Other Current Debt	1 936 000	2 340 000	15 216 000	181 000
Total Current Debt	2 262 000	12 575 000	44 858 000	9 919 000
Total Equity and Debt	13 351 000	23 409 000	72 115 000	11 663 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,3 %	73,93 %	70,84 %	76,93 %
Debt-to-Equity Ratio	0	0	3,68	0,03
Operating Profit Margin	8,12 %	20,2 %	11,9 %	25,33 %
Current Ratio	2,46	1,53	1,61	1,18
Quick Ratio	−1,99	3,94	5,69	7,11
Equity Ratio	0,83	0,46	0,08	0,15
Gross Profit Margin	82,49 %	61,14 %	12,97 %	25,97 %