VESTERHEIM AS

6531 AVERØY

Finances

Share Ownership

Return on Equity

11,8 %

Current Ratio

4,25

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	209 000	204 000	200 000
Net Income	67 000	95 000	106 000
Total Assets	616 000	774 000	781 000
Total Equity	568 000	500 000	525 000

Income (NOK)	2022	2021	2020
Revenue	209 000	204 000	200 000
Expenditure	122 000	81 000	71 000
Operating Profit	86 000	123 000	129 000
Financial Income	0	0	0
Financial Costs	0	1 000	0
Financial Balance	0	−1 000	0
Earnings Before Tax	86 000	122 000	129 000
Tax	19 000	27 000	23 000
Net Income	67 000	95 000	106 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	412 000	428 000	409 000
Total Current Assets	204 000	346 000	372 000
Total Assets	616 000	774 000	781 000
Total Retained Equity	23 000	−45 000	−20 000
Total Equity	568 000	500 000	525 000
Total Long-Term Debt	0	0	0
Total Current Debt	48 000	273 000	256 000
Total Equity and Debt	616 000	774 000	781 000

Cash flow (NOK)	2022	2021	2020
Sales Income	5 000	0	0
Other Income	204 000	204 000	200 000
Revenue	209 000	204 000	200 000
Cost of Goods Sold	0	1 000	0
Salary Costs	50 000	9 000	9 000
Depreciation	16 000	20 000	8 000
Impairment	0	0	0
Expenditure	122 000	81 000	71 000
Operating Profit	86 000	123 000	129 000
Financial Income	0	0	0
Financial Costs	0	1 000	0
Financial Balance	0	−1 000	0
Dividends	0	120 000	200 000
Net Income	67 000	95 000	106 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	393 000	401 000	409 000
Machinery and Plant Facilities	0	0	0
Fixtures	19 000	27 000	0
Total Tangible Assets	412 000	428 000	409 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	412 000	428 000	409 000
Stock	25 000	25 000	0
Total Investments	0	0	0
Cash, Bank	137 000	284 000	351 000
Total Current Assets	204 000	346 000	372 000
Total Assets	616 000	774 000	781 000
Total Equity	568 000	500 000	525 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	3 000	8 000
Unpaid Taxes	8 000	8 000	8 000
Dividends	0	120 000	200 000
Other Current Debt	21 000	18 000	17 000
Total Current Debt	48 000	273 000	256 000
Total Equity and Debt	616 000	774 000	781 000

Financial indicators	2022	2021	2020
Return on Equity	11,8 %	19 %	20,19 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	41,15 %	60,29 %	64,5 %
Current Ratio	4,25	1,27	1,45
Quick Ratio	8,87	1,4	1,45
Equity Ratio	0,92	0,65	0,67
Gross Profit Margin	100 %	99,51 %	100 %