VESTLAND VARME AS

6800 FØRDE

Finances

Share Ownership

Return on Equity

−36,33 %

Current Ratio

1,58

Debt-to-Equity Ratio

2,79

Key figures (NOK)	2022	2021	2020
Revenue	7 445 000	6 932 000	3 466 000
Net Income	−93 000	477 000	−53 000
Total Assets	2 197 000	2 247 000	1 808 000
Total Equity	256 000	349 000	−23 000

Income (NOK)	2022	2021	2020
Revenue	7 445 000	6 932 000	3 466 000
Expenditure	7 542 000	6 321 000	3 535 000
Operating Profit	−97 000	611 000	−68 000
Financial Income	2 000	3 000	0
Financial Costs	22 000	2 000	0
Financial Balance	−20 000	1 000	0
Earnings Before Tax	−118 000	612 000	−68 000
Tax	−25 000	135 000	−15 000
Net Income	−93 000	477 000	−53 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	260 000	342 000	460 000
Total Current Assets	1 938 000	1 906 000	1 349 000
Total Assets	2 197 000	2 247 000	1 808 000
Total Retained Equity	226 000	319 000	−53 000
Total Equity	256 000	349 000	−23 000
Total Long-Term Debt	715 000	919 000	1 135 000
Total Current Debt	1 227 000	980 000	696 000
Total Equity and Debt	2 197 000	2 247 000	1 808 000

Cash flow (NOK)	2022	2021	2020
Sales Income	7 443 000	6 930 000	3 463 000
Other Income	2 000	3 000	3 000
Revenue	7 445 000	6 932 000	3 466 000
Cost of Goods Sold	3 525 000	2 772 000	1 586 000
Salary Costs	2 248 000	2 085 000	1 089 000
Depreciation	103 000	103 000	71 000
Impairment	0	0	0
Expenditure	7 542 000	6 321 000	3 535 000
Operating Profit	−97 000	611 000	−68 000
Financial Income	2 000	3 000	0
Financial Costs	22 000	2 000	0
Financial Balance	−20 000	1 000	0
Dividends	0	0	0
Net Income	−93 000	477 000	−53 000

Balance details (NOK)	2022	2021	2020
Goodwill	180 000	260 000	340 000
Total Intangible Assets	201 000	260 000	355 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	59 000	82 000	105 000
Total Tangible Assets	59 000	82 000	105 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	260 000	342 000	460 000
Stock	1 485 000	1 145 000	692 000
Total Investments	0	0	0
Cash, Bank	108 000	534 000	261 000
Total Current Assets	1 938 000	1 906 000	1 349 000
Total Assets	2 197 000	2 247 000	1 808 000
Total Equity	256 000	349 000	−23 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	715 000	919 000	1 135 000
Creditors	428 000	308 000	308 000
Unpaid Taxes	224 000	276 000	241 000
Dividends	0	0	0
Other Current Debt	335 000	309 000	147 000
Total Current Debt	1 227 000	980 000	696 000
Total Equity and Debt	2 197 000	2 247 000	1 808 000

Financial indicators	2022	2021	2020
Return on Equity	−36,33 %	136,68 %	230,43 %
Debt-to-Equity Ratio	2,79	2,63	−49,35
Operating Profit Margin	−1,3 %	8,81 %	−1,96 %
Current Ratio	1,58	1,94	1,94
Quick Ratio	−7,51	−11,55	337,25
Equity Ratio	0,12	0,16	−0,01
Gross Profit Margin	52,65 %	60,01 %	54,24 %