VESTLAND TURBUSS AS

5347 ÅGOTNES

Finances

Share Ownership

Return on Equity

18,79 %

Current Ratio

0,89

Debt-to-Equity Ratio

4,81

Key figures (NOK)	2022	2021	2020
Revenue	3 449 000	962 000	235 000
Net Income	81 000	306 000	14 000
Total Assets	4 163 000	839 000	54 000
Total Equity	431 000	349 000	44 000

Income (NOK)	2022	2021	2020
Revenue	3 449 000	962 000	235 000
Expenditure	3 274 000	600 000	217 000
Operating Profit	176 000	361 000	18 000
Financial Income	0	0	0
Financial Costs	94 000	3 000	0
Financial Balance	−94 000	−3 000	0
Earnings Before Tax	81 000	358 000	18 000
Tax	0	52 000	4 000
Net Income	81 000	306 000	14 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	2 681 000	558 000	0
Total Current Assets	1 482 000	282 000	54 000
Total Assets	4 163 000	839 000	54 000
Total Retained Equity	401 000	319 000	14 000
Total Equity	431 000	349 000	44 000
Total Long-Term Debt	2 073 000	361 000	0
Total Current Debt	1 659 000	129 000	10 000
Total Equity and Debt	4 163 000	839 000	54 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 352 000	962 000	235 000
Other Income	97 000	0	0
Revenue	3 449 000	962 000	235 000
Cost of Goods Sold	124 000	11 000	125 000
Salary Costs	162 000	68 000	12 000
Depreciation	407 000	17 000	0
Impairment	0	0	0
Expenditure	3 274 000	600 000	217 000
Operating Profit	176 000	361 000	18 000
Financial Income	0	0	0
Financial Costs	94 000	3 000	0
Financial Balance	−94 000	−3 000	0
Dividends	0	0	0
Net Income	81 000	306 000	14 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	2 681 000	558 000	0
Total Tangible Assets	2 681 000	558 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	2 681 000	558 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	337 000	163 000	39 000
Total Current Assets	1 482 000	282 000	54 000
Total Assets	4 163 000	839 000	54 000
Total Equity	431 000	349 000	44 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 073 000	361 000	0
Creditors	953 000	3 000	0
Unpaid Taxes	31 000	67 000	0
Dividends	0	0	0
Other Current Debt	675 000	6 000	6 000
Total Current Debt	1 659 000	129 000	10 000
Total Equity and Debt	4 163 000	839 000	54 000

Financial indicators	2022	2021	2020
Return on Equity	18,79 %	87,68 %	31,82 %
Debt-to-Equity Ratio	4,81	1,03	0
Operating Profit Margin	5,1 %	37,53 %	7,66 %
Current Ratio	0,89	2,19	5,4
Quick Ratio	0,89	2,19	5,4
Equity Ratio	0,1	0,42	0,81
Gross Profit Margin	96,4 %	98,86 %	46,81 %