VØRING AS

5306 ERDAL

Finances

Share Ownership

Return on Equity

−317,47 %

Current Ratio

1,36

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	123 000	207 000	1 707 000	0
Net Income	−1 508 000	−1 607 000	−348 000	−2 000
Total Assets	1 811 000	1 968 000	2 502 000	100 000
Total Equity	475 000	483 000	940 000	88 000

Income (NOK)	2022	2021	2020	2019
Revenue	123 000	207 000	1 707 000	0
Expenditure	1 637 000	1 818 000	2 054 000	2 000
Operating Profit	−1 514 000	−1 611 000	−347 000	−2 000
Financial Income	6 000	5 000	0	0
Financial Costs	0	1 000	1 000	0
Financial Balance	6 000	4 000	−1 000	0
Earnings Before Tax	−1 508 000	−1 607 000	−348 000	−2 000
Tax	0	0	0	0
Net Income	−1 508 000	−1 607 000	−348 000	−2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	661 000	0
Total Current Assets	1 811 000	1 968 000	1 841 000	100 000
Total Assets	1 811 000	1 968 000	2 502 000	100 000
Total Retained Equity	375 000	383 000	840 000	−2 000
Total Equity	475 000	483 000	940 000	88 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 336 000	1 485 000	1 562 000	12 000
Total Equity and Debt	1 811 000	1 968 000	2 502 000	100 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	123 000	164 000	1 707 000	0
Other Income	0	43 000	0	0
Revenue	123 000	207 000	1 707 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	1 411 000	1 472 000	1 662 000	0
Depreciation	0	133 000	68 000	0
Impairment	0	0	0	0
Expenditure	1 637 000	1 818 000	2 054 000	2 000
Operating Profit	−1 514 000	−1 611 000	−347 000	−2 000
Financial Income	6 000	5 000	0	0
Financial Costs	0	1 000	1 000	0
Financial Balance	6 000	4 000	−1 000	0
Dividends	0	0	0	0
Net Income	−1 508 000	−1 607 000	−348 000	−2 000

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	661 000	0
Total Tangible Assets	0	0	661 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	661 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	266 000	613 000	545 000	100 000
Total Current Assets	1 811 000	1 968 000	1 841 000	100 000
Total Assets	1 811 000	1 968 000	2 502 000	100 000
Total Equity	475 000	483 000	940 000	88 000
Short-Term Group Debt	1 020 000	1 150 000	1 200 000	0
Total Long-Term Debt	0	0	0	0
Creditors	62 000	61 000	23 000	2 000
Unpaid Taxes	116 000	136 000	183 000	0
Dividends	0	0	0	0
Other Current Debt	138 000	138 000	156 000	10 000
Total Current Debt	1 336 000	1 485 000	1 562 000	12 000
Total Equity and Debt	1 811 000	1 968 000	2 502 000	100 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−317,47 %	−332,71 %	−37,02 %	−2,27 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1 230,89 %	−778,26 %	−20,33 %	-
Current Ratio	1,36	1,33	1,18	8,33
Quick Ratio	1,36	1,33	1,18	8,33
Equity Ratio	0,26	0,25	0,38	0,88
Gross Profit Margin	100 %	100 %	100 %	-