VESTERÅLEN FOOD AS

8400 SORTLAND

Finances

Share Ownership

Return on Equity

28,4 %

Current Ratio

0,73

Debt-to-Equity Ratio

0,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 539 000	15 083 000	13 265 000	15 563 000
Net Income	564 000	678 000	519 000	267 000
Total Assets	5 304 000	6 038 000	7 235 000	6 537 000
Total Equity	1 986 000	1 422 000	2 121 000	1 602 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 539 000	15 083 000	13 265 000	15 563 000
Expenditure	13 746 000	14 124 000	12 473 000	15 086 000
Operating Profit	794 000	959 000	792 000	477 000
Financial Income	26 000	8 000	6 000	10 000
Financial Costs	82 000	89 000	133 000	145 000
Financial Balance	−56 000	−81 000	−127 000	−135 000
Earnings Before Tax	738 000	878 000	665 000	342 000
Tax	174 000	200 000	146 000	75 000
Net Income	564 000	678 000	519 000	267 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 721 000	4 197 000	4 697 000	5 248 000
Total Current Assets	1 583 000	1 841 000	2 538 000	1 289 000
Total Assets	5 304 000	6 038 000	7 235 000	6 537 000
Total Retained Equity	736 000	172 000	871 000	352 000
Total Equity	1 986 000	1 422 000	2 121 000	1 602 000
Total Long-Term Debt	1 163 000	1 616 000	2 809 000	2 593 000
Total Current Debt	2 154 000	3 000 000	2 305 000	2 341 000
Total Equity and Debt	5 304 000	6 038 000	7 235 000	6 537 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 227 000	14 979 000	13 117 000	15 535 000
Other Income	312 000	104 000	148 000	29 000
Revenue	14 539 000	15 083 000	13 265 000	15 563 000
Cost of Goods Sold	4 758 000	4 546 000	3 955 000	4 749 000
Salary Costs	4 278 000	4 803 000	3 957 000	4 898 000
Depreciation	468 000	553 000	543 000	494 000
Impairment	0	0	0	0
Expenditure	13 746 000	14 124 000	12 473 000	15 086 000
Operating Profit	794 000	959 000	792 000	477 000
Financial Income	26 000	8 000	6 000	10 000
Financial Costs	82 000	89 000	133 000	145 000
Financial Balance	−56 000	−81 000	−127 000	−135 000
Dividends	0	1 378 000	0	0
Net Income	564 000	678 000	519 000	267 000

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	3 404 000	3 851 000	4 322 000	4 844 000
Total Tangible Assets	3 404 000	3 851 000	4 322 000	4 844 000
Total Fiancial Fixed Assets	317 000	346 000	375 000	404 000
Total Fixed Assets	3 721 000	4 197 000	4 697 000	5 248 000
Stock	239 000	303 000	211 000	231 000
Total Investments	0	0	0	0
Cash, Bank	1 236 000	1 488 000	2 258 000	990 000
Total Current Assets	1 583 000	1 841 000	2 538 000	1 289 000
Total Assets	5 304 000	6 038 000	7 235 000	6 537 000
Total Equity	1 986 000	1 422 000	2 121 000	1 602 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 163 000	1 616 000	2 809 000	2 593 000
Creditors	1 048 000	1 122 000	1 007 000	1 285 000
Unpaid Taxes	246 000	299 000	318 000	260 000
Dividends	0	1 378 000	0	0
Other Current Debt	679 000	687 000	825 000	731 000
Total Current Debt	2 154 000	3 000 000	2 305 000	2 341 000
Total Equity and Debt	5 304 000	6 038 000	7 235 000	6 537 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,4 %	47,68 %	24,47 %	16,67 %
Debt-to-Equity Ratio	0,59	1,14	1,32	1,62
Operating Profit Margin	5,46 %	6,36 %	5,97 %	3,06 %
Current Ratio	0,73	0,61	1,1	0,55
Quick Ratio	0,83	0,68	1,21	0,61
Equity Ratio	0,37	0,24	0,29	0,25
Gross Profit Margin	67,27 %	69,86 %	70,18 %	69,49 %