VESTERÅL'S SERVICE AS

8416 SORTLAND

Finances

Share Ownership

Return on Equity

27,36 %

Current Ratio

11,92

Debt-to-Equity Ratio

1,86

Key figures (NOK)	2022	2021	2020	2019
Revenue	126 000	127 000	171 000	107 000
Net Income	29 000	29 000	−32 000	29 000
Total Assets	314 000	290 000	294 000	111 000
Total Equity	106 000	77 000	48 000	80 000

Income (NOK)	2022	2021	2020	2019
Revenue	126 000	127 000	171 000	107 000
Expenditure	78 000	78 000	202 000	70 000
Operating Profit	49 000	49 000	−31 000	37 000
Financial Income	0	1 000	0	0
Financial Costs	12 000	12 000	10 000	0
Financial Balance	−12 000	−11 000	−10 000	0
Earnings Before Tax	38 000	38 000	−41 000	37 000
Tax	9 000	9 000	−9 000	8 000
Net Income	29 000	29 000	−32 000	29 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	171 000	192 000	200 000	0
Total Current Assets	143 000	98 000	94 000	111 000
Total Assets	314 000	290 000	294 000	111 000
Total Retained Equity	76 000	47 000	24 000	56 000
Total Equity	106 000	77 000	48 000	80 000
Total Long-Term Debt	197 000	211 000	222 000	0
Total Current Debt	12 000	2 000	24 000	31 000
Total Equity and Debt	314 000	290 000	294 000	111 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	126 000	103 000	133 000	107 000
Other Income	1 000	24 000	38 000	0
Revenue	126 000	127 000	171 000	107 000
Cost of Goods Sold	33 000	23 000	46 000	23 000
Salary Costs	0	−4 000	91 000	0
Depreciation	21 000	8 000	8 000	0
Impairment	0	0	0	0
Expenditure	78 000	78 000	202 000	70 000
Operating Profit	49 000	49 000	−31 000	37 000
Financial Income	0	1 000	0	0
Financial Costs	12 000	12 000	10 000	0
Financial Balance	−12 000	−11 000	−10 000	0
Dividends	0	0	0	0
Net Income	29 000	29 000	−32 000	29 000

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	171 000	192 000	200 000	0
Total Tangible Assets	171 000	192 000	200 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	171 000	192 000	200 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	128 000	95 000	70 000	109 000
Total Current Assets	143 000	98 000	94 000	111 000
Total Assets	314 000	290 000	294 000	111 000
Total Equity	106 000	77 000	48 000	80 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	197 000	211 000	222 000	0
Creditors	0	0	6 000	0
Unpaid Taxes	4 000	0	4 000	1 000
Dividends	0	0	0	0
Other Current Debt	0	0	14 000	22 000
Total Current Debt	12 000	2 000	24 000	31 000
Total Equity and Debt	314 000	290 000	294 000	111 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,36 %	37,66 %	−66,67 %	36,25 %
Debt-to-Equity Ratio	1,86	2,74	4,63	0
Operating Profit Margin	38,89 %	38,58 %	−18,13 %	34,58 %
Current Ratio	11,92	49	3,92	3,58
Quick Ratio	11,92	49	3,92	3,58
Equity Ratio	0,34	0,27	0,16	0,72
Gross Profit Margin	73,81 %	81,89 %	73,1 %	78,5 %