VESTHEIM AS

4790 LILLESAND

Finances

Share Ownership

Return on Equity

1,65 %

Current Ratio

2,22

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	86 000	86 000	86 000	116 000
Net Income	8 000	6 000	−69 000	51 000
Total Assets	532 000	500 000	487 000	551 000
Total Equity	484 000	476 000	470 000	539 000

Income (NOK)	2022	2021	2020	2019
Revenue	86 000	86 000	86 000	116 000
Expenditure	78 000	80 000	155 000	65 000
Operating Profit	8 000	6 000	−69 000	51 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	8 000	6 000	−69 000	51 000
Tax	0	0	0	0
Net Income	8 000	6 000	−69 000	51 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	452 000	452 000	452 000	452 000
Total Current Assets	80 000	48 000	35 000	99 000
Total Assets	532 000	500 000	487 000	551 000
Total Retained Equity	384 000	376 000	370 000	439 000
Total Equity	484 000	476 000	470 000	539 000
Total Long-Term Debt	12 000	12 000	12 000	12 000
Total Current Debt	36 000	13 000	5 000	0
Total Equity and Debt	532 000	500 000	487 000	551 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	86 000	86 000	86 000	0
Other Income	0	0	0	116 000
Revenue	86 000	86 000	86 000	116 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	78 000	80 000	155 000	65 000
Operating Profit	8 000	6 000	−69 000	51 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	8 000	6 000	−69 000	51 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	452 000	452 000	452 000	452 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	452 000	452 000	452 000	452 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	452 000	452 000	452 000	452 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	55 000	25 000	34 000	98 000
Total Current Assets	80 000	48 000	35 000	99 000
Total Assets	532 000	500 000	487 000	551 000
Total Equity	484 000	476 000	470 000	539 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 000	12 000	12 000	12 000
Creditors	36 000	9 000	1 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	3 000	4 000	0
Total Current Debt	36 000	13 000	5 000	0
Total Equity and Debt	532 000	500 000	487 000	551 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,65 %	1,26 %	−14,68 %	9,46 %
Debt-to-Equity Ratio	0,02	0,03	0,03	0,02
Operating Profit Margin	9,3 %	6,98 %	−80,23 %	43,97 %
Current Ratio	2,22	3,69	7	-
Quick Ratio	2,22	3,69	7	-
Equity Ratio	0,91	0,95	0,97	0,98
Gross Profit Margin	100 %	100 %	100 %	100 %