VEST MARITIME AS

5212 SØFTELAND

Finances

Return on Equity

5,12 %

Current Ratio

7,26

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	452 000	831 000	1 180 000	777 000
Net Income	21 000	183 000	204 000	−42 000
Total Assets	475 000	504 000	416 000	136 000
Total Equity	410 000	389 000	207 000	2 000

Income (NOK)	2022	2021	2020	2019
Revenue	452 000	831 000	1 180 000	777 000
Expenditure	425 000	597 000	930 000	820 000
Operating Profit	26 000	234 000	250 000	−42 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	26 000	235 000	251 000	−42 000
Tax	6 000	52 000	46 000	0
Net Income	21 000	183 000	204 000	−42 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 000	3 000	0	0
Total Current Assets	472 000	501 000	416 000	136 000
Total Assets	475 000	504 000	416 000	136 000
Total Retained Equity	366 000	345 000	162 000	−42 000
Total Equity	410 000	389 000	207 000	2 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	65 000	114 000	209 000	134 000
Total Equity and Debt	475 000	504 000	416 000	136 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	452 000	831 000	1 180 000	777 000
Other Income	0	0	0	0
Revenue	452 000	831 000	1 180 000	777 000
Cost of Goods Sold	346 000	226 000	200 000	306 000
Salary Costs	37 000	277 000	628 000	398 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	425 000	597 000	930 000	820 000
Operating Profit	26 000	234 000	250 000	−42 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	21 000	183 000	204 000	−42 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	3 000	3 000	0	0
Total Fixed Assets	3 000	3 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	406 000	482 000	266 000	136 000
Total Current Assets	472 000	501 000	416 000	136 000
Total Assets	475 000	504 000	416 000	136 000
Total Equity	410 000	389 000	207 000	2 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	48 000	21 000	4 000	19 000
Unpaid Taxes	11 000	10 000	100 000	63 000
Dividends	0	0	0	0
Other Current Debt	0	31 000	59 000	51 000
Total Current Debt	65 000	114 000	209 000	134 000
Total Equity and Debt	475 000	504 000	416 000	136 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,12 %	47,04 %	98,55 %	−2 100 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,75 %	28,16 %	21,19 %	−5,41 %
Current Ratio	7,26	4,39	1,99	1,01
Quick Ratio	7,26	4,39	1,99	1,01
Equity Ratio	0,86	0,77	0,5	0,01
Gross Profit Margin	23,45 %	72,8 %	83,05 %	60,62 %