VEST ENTREPRENØR AS

4031 STAVANGER

Finances

Share Ownership

Return on Equity

45,03 %

Current Ratio

0,54

Debt-to-Equity Ratio

−0,31

Key figures (NOK)	2022	2021	2020
Revenue	163 306 000	356 060 000	40 553 000
Net Income	−4 350 000	−4 743 000	−1 569 000
Total Assets	15 202 000	42 689 000	31 609 000
Total Equity	−9 661 000	−5 312 000	−569 000

Income (NOK)	2022	2021	2020
Revenue	163 306 000	356 060 000	40 553 000
Expenditure	168 176 000	362 357 000	42 561 000
Operating Profit	−4 869 000	−6 297 000	−2 007 000
Financial Income	106 000	253 000	0
Financial Costs	804 000	2 000	1 000
Financial Balance	−698 000	251 000	−1 000
Earnings Before Tax	−5 568 000	−6 047 000	−2 008 000
Tax	−1 218 000	−1 304 000	−439 000
Net Income	−4 350 000	−4 743 000	−1 569 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	3 443 000	2 383 000	678 000
Total Current Assets	11 758 000	40 306 000	30 931 000
Total Assets	15 202 000	42 689 000	31 609 000
Total Retained Equity	−10 661 000	−6 312 000	−1 569 000
Total Equity	−9 661 000	−5 312 000	−569 000
Total Long-Term Debt	3 000 000	3 000 000	0
Total Current Debt	21 863 000	45 001 000	32 177 000
Total Equity and Debt	15 202 000	42 689 000	31 609 000

Cash flow (NOK)	2022	2021	2020
Sales Income	163 228 000	356 060 000	40 553 000
Other Income	78 000	0	0
Revenue	163 306 000	356 060 000	40 553 000
Cost of Goods Sold	160 812 000	350 412 000	36 095 000
Salary Costs	4 717 000	6 197 000	4 945 000
Depreciation	158 000	87 000	37 000
Impairment	0	0	0
Expenditure	168 176 000	362 357 000	42 561 000
Operating Profit	−4 869 000	−6 297 000	−2 007 000
Financial Income	106 000	253 000	0
Financial Costs	804 000	2 000	1 000
Financial Balance	−698 000	251 000	−1 000
Dividends	0	0	0
Net Income	−4 350 000	−4 743 000	−1 569 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	3 067 000	1 885 000	522 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	24 000	0
Fixtures	376 000	473 000	156 000
Total Tangible Assets	376 000	498 000	156 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	3 443 000	2 383 000	678 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 128 000	9 160 000	28 691 000
Total Current Assets	11 758 000	40 306 000	30 931 000
Total Assets	15 202 000	42 689 000	31 609 000
Total Equity	−9 661 000	−5 312 000	−569 000
Short-Term Group Debt	17 500 000	0	0
Total Long-Term Debt	3 000 000	3 000 000	0
Creditors	3 813 000	31 352 000	10 849 000
Unpaid Taxes	241 000	433 000	3 311 000
Dividends	0	0	0
Other Current Debt	308 000	13 217 000	18 017 000
Total Current Debt	21 863 000	45 001 000	32 177 000
Total Equity and Debt	15 202 000	42 689 000	31 609 000

Financial indicators	2022	2021	2020
Return on Equity	45,03 %	89,29 %	275,75 %
Debt-to-Equity Ratio	−0,31	−0,56	−0
Operating Profit Margin	−2,98 %	−1,77 %	−4,95 %
Current Ratio	0,54	0,9	0,96
Quick Ratio	0,54	0,9	0,96
Equity Ratio	−0,64	−0,12	−0,02
Gross Profit Margin	1,53 %	1,59 %	10,99 %