VANES AS

0188 OSLO

Finances

Share Ownership

Return on Equity

−31,3 %

Current Ratio

1,45

Debt-to-Equity Ratio

1,04

Key figures (NOK)	2021	2020	2019	2018
Revenue	13 077 000	10 201 000	1 142 000	0
Net Income	−252 000	474 000	53 000	0
Total Assets	4 506 000	5 324 000	1 731 000	1 297 000
Total Equity	805 000	1 057 000	583 000	21 000

Income (NOK)	2021	2020	2019
Revenue	13 077 000	10 201 000	1 142 000
Expenditure	13 269 000	9 485 000	1 090 000
Operating Profit	−192 000	716 000	52 000
Financial Income	51 000	54 000	13 000
Financial Costs	74 000	157 000	1 000
Financial Balance	−23 000	−103 000	12 000
Earnings Before Tax	−214 000	612 000	65 000
Tax	38 000	138 000	12 000
Net Income	−252 000	474 000	53 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	360 000	430 000	316 000	0
Total Current Assets	4 146 000	4 894 000	1 415 000	1 297 000
Total Assets	4 506 000	5 324 000	1 731 000	1 297 000
Total Retained Equity	275 000	527 000	53 000	−9 000
Total Equity	805 000	1 057 000	583 000	21 000
Total Long-Term Debt	835 000	1 170 000	12 000	1 267 000
Total Current Debt	2 865 000	3 097 000	1 136 000	9 000
Total Equity and Debt	4 506 000	5 324 000	1 731 000	1 297 000

Cash flow (NOK)	2021	2020	2019
Sales Income	13 048 000	10 172 000	1 142 000
Other Income	29 000	28 000	0
Revenue	13 077 000	10 201 000	1 142 000
Cost of Goods Sold	6 639 000	4 295 000	575 000
Salary Costs	2 588 000	2 258 000	226 000
Depreciation	110 000	89 000	29 000
Impairment	0	0	0
Expenditure	13 269 000	9 485 000	1 090 000
Operating Profit	−192 000	716 000	52 000
Financial Income	51 000	54 000	13 000
Financial Costs	74 000	157 000	1 000
Financial Balance	−23 000	−103 000	12 000
Dividends	0	0	0
Net Income	−252 000	474 000	53 000

Balance details (NOK)	2021	2020	2019	2018
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	320 000	430 000	316 000	0
Total Tangible Assets	320 000	430 000	316 000	0
Total Fiancial Fixed Assets	39 000	0	0	0
Total Fixed Assets	360 000	430 000	316 000	0
Stock	3 677 000	3 791 000	532 000	0
Total Investments	0	0	0	0
Cash, Bank	175 000	492 000	575 000	1 297 000
Total Current Assets	4 146 000	4 894 000	1 415 000	1 297 000
Total Assets	4 506 000	5 324 000	1 731 000	1 297 000
Total Equity	805 000	1 057 000	583 000	21 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	835 000	1 170 000	12 000	1 267 000
Creditors	1 349 000	1 382 000	693 000	0
Unpaid Taxes	800 000	476 000	53 000	0
Dividends	0	0	0	0
Other Current Debt	666 000	1 107 000	390 000	9 000
Total Current Debt	2 865 000	3 097 000	1 136 000	9 000
Total Equity and Debt	4 506 000	5 324 000	1 731 000	1 297 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−31,3 %	44,84 %	9,09 %	0 %
Debt-to-Equity Ratio	1,04	1,11	0,02	60,33
Operating Profit Margin	−1,47 %	7,02 %	4,55 %	-
Current Ratio	1,45	1,58	1,25	144,11
Quick Ratio	−5,11	−7,05	2,34	144,11
Equity Ratio	0,18	0,2	0,34	0,02
Gross Profit Margin	49,23 %	57,9 %	49,65 %	-