VESTERÅLSKAIA AS

8400 SORTLAND

Finances

Share Ownership

Return on Equity

161,42 %

Current Ratio

0,47

Debt-to-Equity Ratio

−1,72

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 990 000	9 438 000	8 024 000	1 829 000
Net Income	−1 519 000	740 000	−1 081 000	−575 000
Total Assets	3 976 000	4 414 000	3 693 000	4 498 000
Total Equity	−941 000	578 000	−912 000	169 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 990 000	9 438 000	8 024 000	1 829 000
Expenditure	10 400 000	8 606 000	8 833 000	2 555 000
Operating Profit	−1 410 000	832 000	−808 000	−726 000
Financial Income	10 000	5 000	4 000	9 000
Financial Costs	118 000	97 000	113 000	20 000
Financial Balance	−108 000	−92 000	−109 000	−11 000
Earnings Before Tax	−1 519 000	740 000	−917 000	−737 000
Tax	0	0	164 000	−162 000
Net Income	−1 519 000	740 000	−1 081 000	−575 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 419 000	2 724 000	2 223 000	2 604 000
Total Current Assets	1 557 000	1 690 000	1 470 000	1 894 000
Total Assets	3 976 000	4 414 000	3 693 000	4 498 000
Total Retained Equity	−1 691 000	−172 000	−1 662 000	−581 000
Total Equity	−941 000	578 000	−912 000	169 000
Total Long-Term Debt	1 616 000	2 020 000	2 256 000	2 500 000
Total Current Debt	3 301 000	1 816 000	2 349 000	1 829 000
Total Equity and Debt	3 976 000	4 414 000	3 693 000	4 498 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 866 000	8 504 000	7 967 000	1 829 000
Other Income	124 000	934 000	58 000	0
Revenue	8 990 000	9 438 000	8 024 000	1 829 000
Cost of Goods Sold	3 283 000	2 740 000	2 748 000	609 000
Salary Costs	3 851 000	2 797 000	3 485 000	974 000
Depreciation	498 000	409 000	356 000	57 000
Impairment	0	0	0	0
Expenditure	10 400 000	8 606 000	8 833 000	2 555 000
Operating Profit	−1 410 000	832 000	−808 000	−726 000
Financial Income	10 000	5 000	4 000	9 000
Financial Costs	118 000	97 000	113 000	20 000
Financial Balance	−108 000	−92 000	−109 000	−11 000
Dividends	0	0	0	0
Net Income	−1 519 000	740 000	−1 081 000	−575 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	164 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 419 000	2 724 000	2 223 000	2 440 000
Total Tangible Assets	2 419 000	2 724 000	2 223 000	2 440 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 419 000	2 724 000	2 223 000	2 604 000
Stock	547 000	382 000	307 000	263 000
Total Investments	0	0	0	0
Cash, Bank	494 000	1 141 000	929 000	640 000
Total Current Assets	1 557 000	1 690 000	1 470 000	1 894 000
Total Assets	3 976 000	4 414 000	3 693 000	4 498 000
Total Equity	−941 000	578 000	−912 000	169 000
Short-Term Group Debt	512 000	302 000	752 000	0
Total Long-Term Debt	1 616 000	2 020 000	2 256 000	2 500 000
Creditors	1 380 000	683 000	276 000	774 000
Unpaid Taxes	371 000	206 000	349 000	160 000
Dividends	0	0	0	0
Other Current Debt	1 038 000	625 000	972 000	896 000
Total Current Debt	3 301 000	1 816 000	2 349 000	1 829 000
Total Equity and Debt	3 976 000	4 414 000	3 693 000	4 498 000

Financial indicators	2022	2021	2020	2019
Return on Equity	161,42 %	128,03 %	118,53 %	−340,24 %
Debt-to-Equity Ratio	−1,72	3,49	−2,47	14,79
Operating Profit Margin	−15,68 %	8,82 %	−10,07 %	−39,69 %
Current Ratio	0,47	0,93	0,63	1,04
Quick Ratio	0,57	1,18	0,72	1,21
Equity Ratio	−0,24	0,13	−0,25	0,04
Gross Profit Margin	63,48 %	70,97 %	65,75 %	66,7 %