VESTERÅLEN LEKELAND AS

8400 SORTLAND

Finances

Share Ownership

Return on Equity

17,24 %

Current Ratio

4,21

Debt-to-Equity Ratio

1,36

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 005 000	1 766 000	1 557 000	2 293 000
Net Income	174 000	39 000	17 000	44 000
Total Assets	2 511 000	2 802 000	3 065 000	3 170 000
Total Equity	1 009 000	835 000	796 000	779 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 005 000	1 766 000	1 557 000	2 293 000
Expenditure	1 663 000	1 568 000	1 400 000	2 130 000
Operating Profit	303 000	152 000	135 000	163 000
Financial Income	11 000	3 000	3 000	6 000
Financial Costs	89 000	92 000	110 000	113 000
Financial Balance	−78 000	−89 000	−107 000	−107 000
Earnings Before Tax	226 000	63 000	28 000	56 000
Tax	52 000	24 000	11 000	12 000
Net Income	174 000	39 000	17 000	44 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 955 000	2 137 000	2 397 000	2 641 000
Total Current Assets	556 000	665 000	668 000	529 000
Total Assets	2 511 000	2 802 000	3 065 000	3 170 000
Total Retained Equity	259 000	85 000	46 000	29 000
Total Equity	1 009 000	835 000	796 000	779 000
Total Long-Term Debt	1 371 000	1 663 000	1 984 000	2 118 000
Total Current Debt	132 000	304 000	285 000	273 000
Total Equity and Debt	2 511 000	2 802 000	3 065 000	3 170 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 005 000	1 766 000	1 557 000	2 240 000
Other Income	0	0	1 000	53 000
Revenue	2 005 000	1 766 000	1 557 000	2 293 000
Cost of Goods Sold	77 000	11 000	55 000	112 000
Salary Costs	142 000	367 000	324 000	823 000
Depreciation	259 000	260 000	258 000	252 000
Impairment	0	0	0	0
Expenditure	1 663 000	1 568 000	1 400 000	2 130 000
Operating Profit	303 000	152 000	135 000	163 000
Financial Income	11 000	3 000	3 000	6 000
Financial Costs	89 000	92 000	110 000	113 000
Financial Balance	−78 000	−89 000	−107 000	−107 000
Dividends	0	0	0	0
Net Income	174 000	39 000	17 000	44 000

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	1 955 000	2 137 000	2 397 000	2 641 000
Total Tangible Assets	1 955 000	2 137 000	2 397 000	2 641 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 955 000	2 137 000	2 397 000	2 641 000
Stock	48 000	82 000	90 000	142 000
Total Investments	0	0	0	0
Cash, Bank	453 000	302 000	455 000	347 000
Total Current Assets	556 000	665 000	668 000	529 000
Total Assets	2 511 000	2 802 000	3 065 000	3 170 000
Total Equity	1 009 000	835 000	796 000	779 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 371 000	1 663 000	1 984 000	2 118 000
Creditors	80 000	121 000	55 000	115 000
Unpaid Taxes	0	3 000	3 000	32 000
Dividends	0	0	0	0
Other Current Debt	24 000	85 000	77 000	126 000
Total Current Debt	132 000	304 000	285 000	273 000
Total Equity and Debt	2 511 000	2 802 000	3 065 000	3 170 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,24 %	4,67 %	2,14 %	5,65 %
Debt-to-Equity Ratio	1,36	1,99	2,49	2,72
Operating Profit Margin	15,11 %	8,61 %	8,67 %	7,11 %
Current Ratio	4,21	2,19	2,34	1,94
Quick Ratio	6,62	3	3,43	4,04
Equity Ratio	0,4	0,3	0,26	0,25
Gross Profit Margin	96,16 %	99,38 %	96,47 %	95,12 %