VESTLAND OFFSHORE AS

5384 TORANGSVÅG

Finances

Share Ownership

Return on Equity

20 %

Current Ratio

1,02

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	160 000	3 470 000	3 976 000	4 457 000
Net Income	6 000	−2 000	9 000	19 000
Total Assets	1 118 000	4 018 000	430 000	1 055 000
Total Equity	30 000	31 000	32 000	49 000

Income (NOK)	2022	2021	2020	2019
Revenue	160 000	3 470 000	3 976 000	4 457 000
Expenditure	34 000	3 391 000	3 966 000	4 435 000
Operating Profit	126 000	79 000	11 000	22 000
Financial Income	3 000	−79 000	0	0
Financial Costs	122 000	2 000	0	0
Financial Balance	−119 000	−81 000	0	0
Earnings Before Tax	8 000	−2 000	11 000	22 000
Tax	2 000	0	2 000	4 000
Net Income	6 000	−2 000	9 000	19 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 000	6 000	5 000	0
Total Current Assets	1 111 000	4 012 000	425 000	1 055 000
Total Assets	1 118 000	4 018 000	430 000	1 055 000
Total Retained Equity	0	1 000	2 000	19 000
Total Equity	30 000	31 000	32 000	49 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 087 000	3 988 000	398 000	1 007 000
Total Equity and Debt	1 118 000	4 018 000	430 000	1 055 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	160 000	3 470 000	3 976 000	4 457 000
Other Income	0	0	0	0
Revenue	160 000	3 470 000	3 976 000	4 457 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	3 882 000	4 414 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	34 000	3 391 000	3 966 000	4 435 000
Operating Profit	126 000	79 000	11 000	22 000
Financial Income	3 000	−79 000	0	0
Financial Costs	122 000	2 000	0	0
Financial Balance	−119 000	−81 000	0	0
Dividends	0	0	0	0
Net Income	6 000	−2 000	9 000	19 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	7 000	6 000	5 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 000	6 000	5 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 111 000	23 000	33 000	317 000
Total Current Assets	1 111 000	4 012 000	425 000	1 055 000
Total Assets	1 118 000	4 018 000	430 000	1 055 000
Total Equity	30 000	31 000	32 000	49 000
Short-Term Group Debt	8 000	0	32 000	0
Total Long-Term Debt	0	0	0	0
Creditors	866 000	3 875 000	269 000	3 000
Unpaid Taxes	37 000	83 000	76 000	670 000
Dividends	0	0	0	0
Other Current Debt	176 000	29 000	21 000	330 000
Total Current Debt	1 087 000	3 988 000	398 000	1 007 000
Total Equity and Debt	1 118 000	4 018 000	430 000	1 055 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20 %	−6,45 %	28,13 %	38,78 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	78,75 %	2,28 %	0,28 %	0,49 %
Current Ratio	1,02	1,01	1,07	1,05
Quick Ratio	1,02	1,01	1,07	1,05
Equity Ratio	0,03	0,01	0,07	0,05
Gross Profit Margin	100 %	100 %	100 %	100 %