VESTERÅLEN HOTELLDRIFT AS

8400 SORTLAND

Finances

Return on Equity

1 167,96 %

Current Ratio

0,94

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	47 812 000	33 242 000	185 000	0
Net Income	2 114 000	31 000	−10 000	−4 000
Total Assets	16 265 000	9 264 000	598 000	96 000
Total Equity	181 000	117 000	86 000	96 000

Income (NOK)	2022	2021	2020	2019
Revenue	47 812 000	33 242 000	185 000	0
Expenditure	45 210 000	33 197 000	198 000	6 000
Operating Profit	2 602 000	45 000	−12 000	−6 000
Financial Income	111 000	0	0	0
Financial Costs	1 000	3 000	0	0
Financial Balance	110 000	−3 000	0	0
Earnings Before Tax	2 712 000	43 000	−12 000	−6 000
Tax	597 000	12 000	−3 000	−1 000
Net Income	2 114 000	31 000	−10 000	−4 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 226 000	594 000	4 000	1 000
Total Current Assets	15 039 000	8 670 000	594 000	94 000
Total Assets	16 265 000	9 264 000	598 000	96 000
Total Retained Equity	81 000	17 000	−14 000	−4 000
Total Equity	181 000	117 000	86 000	96 000
Total Long-Term Debt	27 000	8 000	0	0
Total Current Debt	16 057 000	9 139 000	512 000	0
Total Equity and Debt	16 265 000	9 264 000	598 000	96 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	46 973 000	32 742 000	185 000	0
Other Income	840 000	500 000	0	0
Revenue	47 812 000	33 242 000	185 000	0
Cost of Goods Sold	5 409 000	4 194 000	0	0
Salary Costs	14 768 000	10 790 000	188 000	0
Depreciation	202 000	103 000	0	0
Impairment	0	0	0	0
Expenditure	45 210 000	33 197 000	198 000	6 000
Operating Profit	2 602 000	45 000	−12 000	−6 000
Financial Income	111 000	0	0	0
Financial Costs	1 000	3 000	0	0
Financial Balance	110 000	−3 000	0	0
Dividends	0	0	0	0
Net Income	2 114 000	31 000	−10 000	−4 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	4 000	1 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 196 000	564 000	0	0
Total Tangible Assets	1 196 000	564 000	0	0
Total Fiancial Fixed Assets	30 000	30 000	0	0
Total Fixed Assets	1 226 000	594 000	4 000	1 000
Stock	611 000	588 000	0	0
Total Investments	0	0	0	0
Cash, Bank	11 442 000	2 737 000	166 000	94 000
Total Current Assets	15 039 000	8 670 000	594 000	94 000
Total Assets	16 265 000	9 264 000	598 000	96 000
Total Equity	181 000	117 000	86 000	96 000
Short-Term Group Debt	10 674 000	5 306 000	0	0
Total Long-Term Debt	27 000	8 000	0	0
Creditors	1 828 000	1 209 000	362 000	0
Unpaid Taxes	663 000	509 000	66 000	0
Dividends	0	0	0	0
Other Current Debt	2 892 000	2 115 000	84 000	0
Total Current Debt	16 057 000	9 139 000	512 000	0
Total Equity and Debt	16 265 000	9 264 000	598 000	96 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1 167,96 %	26,5 %	−11,63 %	−4,17 %
Debt-to-Equity Ratio	0,15	0,07	0	0
Operating Profit Margin	5,44 %	0,14 %	−6,49 %	-
Current Ratio	0,94	0,95	1,16	-
Quick Ratio	0,97	1,01	1,16	-
Equity Ratio	0,01	0,01	0,14	1
Gross Profit Margin	88,69 %	87,38 %	100 %	-