VESTFJORD EXPLORER AS

8290 SKUTVIK

Finances

Return on Equity

32,71 %

Current Ratio

2,01

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020
Revenue	1 100 000	925 000	849 000
Net Income	282 000	309 000	273 000
Total Assets	1 033 000	863 000	708 000
Total Equity	862 000	581 000	323 000

Income (NOK)	2022	2021	2020
Revenue	1 100 000	925 000	849 000
Expenditure	731 000	517 000	482 000
Operating Profit	368 000	409 000	367 000
Financial Income	0	0	0
Financial Costs	7 000	13 000	17 000
Financial Balance	−7 000	−13 000	−17 000
Earnings Before Tax	361 000	397 000	350 000
Tax	79 000	87 000	77 000
Net Income	282 000	309 000	273 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	754 000	397 000	370 000
Total Current Assets	280 000	466 000	337 000
Total Assets	1 033 000	863 000	708 000
Total Retained Equity	864 000	583 000	273 000
Total Equity	862 000	581 000	323 000
Total Long-Term Debt	32 000	159 000	281 000
Total Current Debt	139 000	124 000	104 000
Total Equity and Debt	1 033 000	863 000	708 000

Cash flow (NOK)	2022	2021	2020
Sales Income	1 100 000	921 000	845 000
Other Income	0	4 000	4 000
Revenue	1 100 000	925 000	849 000
Cost of Goods Sold	0	0	5 000
Salary Costs	261 000	275 000	200 000
Depreciation	70 000	68 000	56 000
Impairment	0	0	0
Expenditure	731 000	517 000	482 000
Operating Profit	368 000	409 000	367 000
Financial Income	0	0	0
Financial Costs	7 000	13 000	17 000
Financial Balance	−7 000	−13 000	−17 000
Dividends	0	0	0
Net Income	282 000	309 000	273 000

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	249 000	310 000	370 000
Fixtures	78 000	88 000	0
Total Tangible Assets	327 000	397 000	370 000
Total Fiancial Fixed Assets	427 000	0	0
Total Fixed Assets	754 000	397 000	370 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	182 000	390 000	281 000
Total Current Assets	280 000	466 000	337 000
Total Assets	1 033 000	863 000	708 000
Total Equity	862 000	581 000	323 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	32 000	159 000	281 000
Creditors	30 000	3 000	8 000
Unpaid Taxes	7 000	16 000	1 000
Dividends	0	0	0
Other Current Debt	23 000	22 000	24 000
Total Current Debt	139 000	124 000	104 000
Total Equity and Debt	1 033 000	863 000	708 000

Financial indicators	2022	2021	2020
Return on Equity	32,71 %	53,18 %	84,52 %
Debt-to-Equity Ratio	0,04	0,27	0,87
Operating Profit Margin	33,45 %	44,22 %	43,23 %
Current Ratio	2,01	3,76	3,24
Quick Ratio	2,01	3,76	3,24
Equity Ratio	0,83	0,67	0,46
Gross Profit Margin	100 %	100 %	99,41 %