VESTNES LAND AS

6900 FLORØ

Finances

Return on Equity

27,61 %

Current Ratio

0,49

Debt-to-Equity Ratio

−0,66

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 613 000	5 233 000	4 341 000	5 909 000
Net Income	−1 022 000	139 000	−682 000	273 000
Total Assets	1 732 000	1 851 000	1 630 000	2 939 000
Total Equity	−3 701 000	−2 679 000	−2 818 000	−2 136 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 613 000	5 233 000	4 341 000	5 909 000
Expenditure	4 521 000	5 002 000	4 986 000	5 536 000
Operating Profit	−908 000	230 000	−573 000	387 000
Financial Income	9 000	8 000	6 000	3 000
Financial Costs	123 000	99 000	115 000	117 000
Financial Balance	−114 000	−91 000	−109 000	−114 000
Earnings Before Tax	−1 022 000	139 000	−682 000	273 000
Tax	0	0	0	0
Net Income	−1 022 000	139 000	−682 000	273 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	264 000	337 000	429 000	1 041 000
Total Current Assets	1 468 000	1 513 000	1 201 000	1 897 000
Total Assets	1 732 000	1 851 000	1 630 000	2 939 000
Total Retained Equity	−4 969 000	−3 947 000	−4 086 000	−3 404 000
Total Equity	−3 701 000	−2 679 000	−2 818 000	−2 136 000
Total Long-Term Debt	2 459 000	2 559 000	2 659 000	2 232 000
Total Current Debt	2 975 000	1 971 000	1 790 000	2 842 000
Total Equity and Debt	1 732 000	1 851 000	1 630 000	2 939 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 602 000	5 233 000	4 300 000	5 909 000
Other Income	11 000	0	41 000	0
Revenue	3 613 000	5 233 000	4 341 000	5 909 000
Cost of Goods Sold	809 000	1 513 000	1 224 000	1 527 000
Salary Costs	2 229 000	2 117 000	1 645 000	2 397 000
Depreciation	74 000	92 000	112 000	117 000
Impairment	0	0	0	0
Expenditure	4 521 000	5 002 000	4 986 000	5 536 000
Operating Profit	−908 000	230 000	−573 000	387 000
Financial Income	9 000	8 000	6 000	3 000
Financial Costs	123 000	99 000	115 000	117 000
Financial Balance	−114 000	−91 000	−109 000	−114 000
Dividends	0	0	0	0
Net Income	−1 022 000	139 000	−682 000	273 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	262 000	335 000	427 000	539 000
Total Tangible Assets	262 000	335 000	427 000	539 000
Total Fiancial Fixed Assets	2 000	2 000	2 000	502 000
Total Fixed Assets	264 000	337 000	429 000	1 041 000
Stock	1 167 000	1 210 000	968 000	895 000
Total Investments	0	0	0	0
Cash, Bank	67 000	93 000	66 000	31 000
Total Current Assets	1 468 000	1 513 000	1 201 000	1 897 000
Total Assets	1 732 000	1 851 000	1 630 000	2 939 000
Total Equity	−3 701 000	−2 679 000	−2 818 000	−2 136 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 459 000	2 559 000	2 659 000	2 232 000
Creditors	342 000	676 000	742 000	699 000
Unpaid Taxes	148 000	269 000	264 000	355 000
Dividends	0	0	0	0
Other Current Debt	1 714 000	835 000	297 000	925 000
Total Current Debt	2 975 000	1 971 000	1 790 000	2 842 000
Total Equity and Debt	1 732 000	1 851 000	1 630 000	2 939 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,61 %	−5,19 %	24,2 %	−12,78 %
Debt-to-Equity Ratio	−0,66	−0,96	−0,94	−1,04
Operating Profit Margin	−25,13 %	4,4 %	−13,2 %	6,55 %
Current Ratio	0,49	0,77	0,67	0,67
Quick Ratio	0,81	1,99	1,46	0,97
Equity Ratio	−2,14	−1,45	−1,73	−0,73
Gross Profit Margin	77,61 %	71,09 %	71,8 %	74,16 %