VESTHAUGANE AS

5419 FITJAR

Finances

Return on Equity

1,69 %

Current Ratio

2,84

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	979 000	3 443 000	3 558 000	2 082 000
Net Income	94 000	42 000	1 296 000	470 000
Total Assets	6 321 000	7 584 000	8 420 000	6 748 000
Total Equity	5 556 000	5 462 000	7 277 000	5 981 000

Income (NOK)	2022	2021	2020	2019
Revenue	979 000	3 443 000	3 558 000	2 082 000
Expenditure	1 028 000	3 435 000	1 951 000	1 504 000
Operating Profit	−48 000	8 000	1 606 000	578 000
Financial Income	146 000	52 000	56 000	26 000
Financial Costs	0	0	0	0
Financial Balance	146 000	52 000	56 000	26 000
Earnings Before Tax	97 000	60 000	1 662 000	604 000
Tax	4 000	17 000	366 000	134 000
Net Income	94 000	42 000	1 296 000	470 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 150 000	2 814 000	2 548 000	2 612 000
Total Current Assets	2 171 000	4 770 000	5 872 000	4 136 000
Total Assets	6 321 000	7 584 000	8 420 000	6 748 000
Total Retained Equity	5 456 000	5 362 000	7 177 000	5 881 000
Total Equity	5 556 000	5 462 000	7 277 000	5 981 000
Total Long-Term Debt	0	1 000 000	0	0
Total Current Debt	764 000	1 121 000	1 142 000	767 000
Total Equity and Debt	6 321 000	7 584 000	8 420 000	6 748 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	776 000	3 262 000	3 408 000	1 942 000
Other Income	203 000	181 000	150 000	140 000
Revenue	979 000	3 443 000	3 558 000	2 082 000
Cost of Goods Sold	704 000	3 128 000	1 589 000	1 210 000
Salary Costs	101 000	91 000	48 000	43 000
Depreciation	64 000	64 000	64 000	64 000
Impairment	0	0	0	0
Expenditure	1 028 000	3 435 000	1 951 000	1 504 000
Operating Profit	−48 000	8 000	1 606 000	578 000
Financial Income	146 000	52 000	56 000	26 000
Financial Costs	0	0	0	0
Financial Balance	146 000	52 000	56 000	26 000
Dividends	0	2 000 000	0	0
Net Income	94 000	42 000	1 296 000	470 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 234 000	2 298 000	2 362 000	2 426 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	2 234 000	2 298 000	2 362 000	2 426 000
Total Fiancial Fixed Assets	1 916 000	516 000	186 000	186 000
Total Fixed Assets	4 150 000	2 814 000	2 548 000	2 612 000
Stock	1 537 000	945 000	760 000	1 480 000
Total Investments	0	0	0	0
Cash, Bank	412 000	1 964 000	3 157 000	2 093 000
Total Current Assets	2 171 000	4 770 000	5 872 000	4 136 000
Total Assets	6 321 000	7 584 000	8 420 000	6 748 000
Total Equity	5 556 000	5 462 000	7 277 000	5 981 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	1 000 000	0	0
Creditors	30 000	221 000	29 000	38 000
Unpaid Taxes	25 000	194 000	13 000	14 000
Dividends	0	2 000 000	0	0
Other Current Debt	705 000	689 000	734 000	581 000
Total Current Debt	764 000	1 121 000	1 142 000	767 000
Total Equity and Debt	6 321 000	7 584 000	8 420 000	6 748 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,69 %	0,77 %	17,81 %	7,86 %
Debt-to-Equity Ratio	0	0,18	0	0
Operating Profit Margin	−4,9 %	0,23 %	45,14 %	27,76 %
Current Ratio	2,84	4,26	5,14	5,39
Quick Ratio	−2,81	27,1	15,37	−5,8
Equity Ratio	0,88	0,72	0,86	0,89
Gross Profit Margin	28,09 %	9,15 %	55,34 %	41,88 %