ISLAND VICTORY AS

6065 ULSTEINVIK

Finances

Share Ownership

Return on Equity

5,06 %

Current Ratio

1,97

Debt-to-Equity Ratio

1,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	263 070 000	190 385 000	151 261 000	3 423 000
Net Income	28 947 000	35 035 000	−5 481 000	39 000
Total Assets	1 245 289 000	1 351 586 000	1 267 535 000	267 045 000
Total Equity	572 085 000	543 137 000	508 102 000	241 084 000

Income (NOK)	2022	2021	2020	2019
Revenue	263 070 000	190 385 000	151 261 000	3 423 000
Expenditure	169 881 000	89 880 000	115 190 000	3 140 000
Operating Profit	93 188 000	100 504 000	36 071 000	283 000
Financial Income	5 429 000	4 959 000	12 000	2 000
Financial Costs	61 502 000	60 547 000	43 116 000	235 000
Financial Balance	−56 073 000	−55 588 000	−43 104 000	−233 000
Earnings Before Tax	37 115 000	44 917 000	−7 033 000	50 000
Tax	8 168 000	9 882 000	−1 552 000	11 000
Net Income	28 947 000	35 035 000	−5 481 000	39 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 141 540 000	1 173 458 000	1 208 254 000	262 791 000
Total Current Assets	103 749 000	178 128 000	59 281 000	4 254 000
Total Assets	1 245 289 000	1 351 586 000	1 267 535 000	267 045 000
Total Retained Equity	57 456 000	28 508 000	−6 527 000	−1 025 000
Total Equity	572 085 000	543 137 000	508 102 000	241 084 000
Total Long-Term Debt	620 642 000	752 493 000	0	0
Total Current Debt	52 562 000	55 956 000	759 433 000	25 962 000
Total Equity and Debt	1 245 289 000	1 351 586 000	1 267 535 000	267 045 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	263 070 000	190 385 000	151 261 000	0
Other Income	0	0	0	3 423 000
Revenue	263 070 000	190 385 000	151 261 000	3 423 000
Cost of Goods Sold	92 798 000	47 540 000	59 337 000	3 053 000
Salary Costs	36 196 000	7 151 000	21 806 000	0
Depreciation	33 615 000	33 567 000	3 181 000	87 000
Impairment	0	0	0	0
Expenditure	169 881 000	89 880 000	115 190 000	3 140 000
Operating Profit	93 188 000	100 504 000	36 071 000	283 000
Financial Income	5 429 000	4 959 000	12 000	2 000
Financial Costs	61 502 000	60 547 000	43 116 000	235 000
Financial Balance	−56 073 000	−55 588 000	−43 104 000	−233 000
Dividends	0	0	0	0
Net Income	28 947 000	35 035 000	−5 481 000	39 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	1 841 000	289 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 140 249 000	0	1 199 796 000	262 502 000
Fixtures	0	0	0	0
Total Tangible Assets	1 141 540 000	1 173 458 000	1 206 413 000	262 502 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 141 540 000	1 173 458 000	1 208 254 000	262 791 000
Stock	1 481 000	921 000	2 098 000	0
Total Investments	0	0	0	0
Cash, Bank	20 354 000	87 258 000	30 933 000	584 000
Total Current Assets	103 749 000	178 128 000	59 281 000	4 254 000
Total Assets	1 245 289 000	1 351 586 000	1 267 535 000	267 045 000
Total Equity	572 085 000	543 137 000	508 102 000	241 084 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	620 642 000	752 493 000	0	0
Creditors	55 000	18 105 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	52 507 000	37 851 000	58 807 000	25 962 000
Total Current Debt	52 562 000	55 956 000	759 433 000	25 962 000
Total Equity and Debt	1 245 289 000	1 351 586 000	1 267 535 000	267 045 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,06 %	6,45 %	−1,08 %	0,02 %
Debt-to-Equity Ratio	1,08	1,39	0	0
Operating Profit Margin	35,42 %	52,79 %	23,85 %	8,27 %
Current Ratio	1,97	3,18	0,08	0,16
Quick Ratio	2,03	3,24	0,08	0,16
Equity Ratio	0,46	0,4	0,4	0,9
Gross Profit Margin	64,72 %	75,03 %	60,77 %	10,81 %