VITEA EIENDOMSUTVIKLING AS

1606 FREDRIKSTAD

Finances

Share Ownership

Return on Equity

12,51 %

Current Ratio

0,34

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	−329 000	19 274 000	0	0
Net Income	−353 000	−2 427 000	−65 000	0
Total Assets	1 424 000	2 946 000	7 795 000	30 000
Total Equity	−2 822 000	−2 469 000	−42 000	23 000

Income (NOK)	2022	2021	2020
Revenue	−329 000	19 274 000	0
Expenditure	31 000	21 398 000	51 000
Operating Profit	−360 000	−2 124 000	−51 000
Financial Income	7 000	1 000	0
Financial Costs	0	304 000	15 000
Financial Balance	7 000	−303 000	−15 000
Earnings Before Tax	−353 000	−2 427 000	−65 000
Tax	0	0	0
Net Income	−353 000	−2 427 000	−65 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	5 000	10 000	0
Total Current Assets	1 424 000	2 941 000	7 785 000	30 000
Total Assets	1 424 000	2 946 000	7 795 000	30 000
Total Retained Equity	−2 845 000	−2 492 000	−66 000	0
Total Equity	−2 822 000	−2 469 000	−42 000	23 000
Total Long-Term Debt	0	0	5 481 000	0
Total Current Debt	4 245 000	5 415 000	2 357 000	7 000
Total Equity and Debt	1 424 000	2 946 000	7 795 000	30 000

Cash flow (NOK)	2022	2021	2020
Sales Income	−329 000	19 274 000	0
Other Income	0	0	0
Revenue	−329 000	19 274 000	0
Cost of Goods Sold	0	21 378 000	0
Salary Costs	0	0	0
Depreciation	5 000	5 000	5 000
Impairment	0	0	0
Expenditure	31 000	21 398 000	51 000
Operating Profit	−360 000	−2 124 000	−51 000
Financial Income	7 000	1 000	0
Financial Costs	0	304 000	15 000
Financial Balance	7 000	−303 000	−15 000
Dividends	0	0	0
Net Income	−353 000	−2 427 000	−65 000

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	5 000	10 000	0
Total Tangible Assets	0	5 000	10 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	5 000	10 000	0
Stock	0	0	7 764 000	0
Total Investments	0	0	0	0
Cash, Bank	588 000	934 000	−38 000	30 000
Total Current Assets	1 424 000	2 941 000	7 785 000	30 000
Total Assets	1 424 000	2 946 000	7 795 000	30 000
Total Equity	−2 822 000	−2 469 000	−42 000	23 000
Short-Term Group Debt	0	49 000	64 000	6 000
Total Long-Term Debt	0	0	5 481 000	0
Creditors	3 145 000	3 143 000	58 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 100 000	2 223 000	2 235 000	1 000
Total Current Debt	4 245 000	5 415 000	2 357 000	7 000
Total Equity and Debt	1 424 000	2 946 000	7 795 000	30 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,51 %	98,3 %	154,76 %	0 %
Debt-to-Equity Ratio	−0	−0	−130,5	0
Operating Profit Margin	109,42 %	−11,02 %	-	-
Current Ratio	0,34	0,54	3,3	4,29
Quick Ratio	0,34	0,54	−1,44	4,29
Equity Ratio	−1,98	−0,84	−0,01	0,77
Gross Profit Margin	100 %	−10,92 %	-	-