VESTLAND BYGDESERVICE AS

5419 FITJAR

Finances

Share Ownership

Return on Equity

34,93 %

Current Ratio

6,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	1 304 000	1 693 000	1 098 000
Net Income	153 000	115 000	145 000
Total Assets	519 000	321 000	208 000
Total Equity	438 000	285 000	169 000

Income (NOK)	2022	2021	2020
Revenue	1 304 000	1 693 000	1 098 000
Expenditure	1 106 000	1 545 000	914 000
Operating Profit	198 000	147 000	184 000
Financial Income	1 000	0	0
Financial Costs	0	0	0
Financial Balance	1 000	0	0
Earnings Before Tax	199 000	148 000	184 000
Tax	46 000	33 000	39 000
Net Income	153 000	115 000	145 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	21 000	18 000	28 000
Total Current Assets	499 000	304 000	181 000
Total Assets	519 000	321 000	208 000
Total Retained Equity	408 000	255 000	139 000
Total Equity	438 000	285 000	169 000
Total Long-Term Debt	0	0	1 000
Total Current Debt	81 000	36 000	38 000
Total Equity and Debt	519 000	321 000	208 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 304 000	1 693 000	1 098 000
Other Income	0	0	0
Revenue	1 304 000	1 693 000	1 098 000
Cost of Goods Sold	583 000	1 339 000	828 000
Salary Costs	285 000	0	0
Depreciation	16 000	10 000	3 000
Impairment	0	0	0
Expenditure	1 106 000	1 545 000	914 000
Operating Profit	198 000	147 000	184 000
Financial Income	1 000	0	0
Financial Costs	0	0	0
Financial Balance	1 000	0	0
Dividends	0	0	0
Net Income	153 000	115 000	145 000

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	21 000	18 000	28 000
Total Tangible Assets	21 000	18 000	28 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	21 000	18 000	28 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	477 000	256 000	171 000
Total Current Assets	499 000	304 000	181 000
Total Assets	519 000	321 000	208 000
Total Equity	438 000	285 000	169 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	1 000
Creditors	0	3 000	0
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	36 000	0	0
Total Current Debt	81 000	36 000	38 000
Total Equity and Debt	519 000	321 000	208 000

Financial indicators	2022	2021	2020
Return on Equity	34,93 %	40,35 %	85,8 %
Debt-to-Equity Ratio	0	0	0,01
Operating Profit Margin	15,18 %	8,68 %	16,76 %
Current Ratio	6,16	8,44	4,76
Quick Ratio	6,16	8,44	4,76
Equity Ratio	0,84	0,89	0,81
Gross Profit Margin	55,29 %	20,91 %	24,59 %