VESTLAND CLASSIC AS

4276 VEAVÅGEN

Finances

Return on Equity

13,39 %

Current Ratio

1,55

Debt-to-Equity Ratio

1,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	42 856 000	13 249 000	21 988 000	38 504 000
Net Income	3 108 000	−2 591 000	−911 000	2 742 000
Total Assets	62 247 000	55 014 000	49 250 000	46 754 000
Total Equity	23 205 000	20 097 000	13 105 000	14 015 000

Income (NOK)	2022	2021	2020	2019
Revenue	42 856 000	13 249 000	21 988 000	38 504 000
Expenditure	35 067 000	13 580 000	19 585 000	32 493 000
Operating Profit	7 788 000	−330 000	2 404 000	6 010 000
Financial Income	591 000	110 000	166 000	158 000
Financial Costs	4 287 000	2 329 000	3 480 000	2 504 000
Financial Balance	−3 696 000	−2 219 000	−3 314 000	−2 346 000
Earnings Before Tax	4 092 000	−2 548 000	−911 000	3 665 000
Tax	984 000	42 000	0	923 000
Net Income	3 108 000	−2 591 000	−911 000	2 742 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	56 649 000	54 367 000	47 088 000	41 691 000
Total Current Assets	5 597 000	647 000	2 162 000	5 064 000
Total Assets	62 247 000	55 014 000	49 250 000	46 754 000
Total Retained Equity	10 237 000	7 129 000	10 137 000	11 047 000
Total Equity	23 205 000	20 097 000	13 105 000	14 015 000
Total Long-Term Debt	35 425 000	31 786 000	34 996 000	29 756 000
Total Current Debt	3 617 000	3 131 000	1 149 000	2 983 000
Total Equity and Debt	62 247 000	55 014 000	49 250 000	46 754 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	42 856 000	13 249 000	21 988 000	38 504 000
Other Income	0	0	0	0
Revenue	42 856 000	13 249 000	21 988 000	38 504 000
Cost of Goods Sold	4 359 000	271 000	683 000	4 920 000
Salary Costs	12 755 000	1 001 000	3 889 000	10 759 000
Depreciation	3 916 000	3 606 000	2 935 000	2 199 000
Impairment	0	0	0	0
Expenditure	35 067 000	13 580 000	19 585 000	32 493 000
Operating Profit	7 788 000	−330 000	2 404 000	6 010 000
Financial Income	591 000	110 000	166 000	158 000
Financial Costs	4 287 000	2 329 000	3 480 000	2 504 000
Financial Balance	−3 696 000	−2 219 000	−3 314 000	−2 346 000
Dividends	0	0	0	0
Net Income	3 108 000	−2 591 000	−911 000	2 742 000

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	795 000	971 000	1 147 000	1 342 000
Total Tangible Assets	50 811 000	48 531 000	38 223 000	38 666 000
Total Fiancial Fixed Assets	5 838 000	5 836 000	8 865 000	3 025 000
Total Fixed Assets	56 649 000	54 367 000	47 088 000	41 691 000
Stock	0	0	0	331 000
Total Investments	0	0	0	0
Cash, Bank	5 263 000	192 000	1 726 000	4 013 000
Total Current Assets	5 597 000	647 000	2 162 000	5 064 000
Total Assets	62 247 000	55 014 000	49 250 000	46 754 000
Total Equity	23 205 000	20 097 000	13 105 000	14 015 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	35 425 000	31 786 000	34 996 000	29 756 000
Creditors	1 244 000	1 719 000	757 000	432 000
Unpaid Taxes	0	0	9 000	136 000
Dividends	0	0	0	0
Other Current Debt	1 389 000	1 369 000	383 000	1 493 000
Total Current Debt	3 617 000	3 131 000	1 149 000	2 983 000
Total Equity and Debt	62 247 000	55 014 000	49 250 000	46 754 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,39 %	−12,89 %	−6,95 %	19,56 %
Debt-to-Equity Ratio	1,53	1,58	2,67	2,12
Operating Profit Margin	18,17 %	−2,49 %	10,93 %	15,61 %
Current Ratio	1,55	0,21	1,88	1,7
Quick Ratio	1,55	0,21	1,88	1,91
Equity Ratio	0,37	0,37	0,27	0,3
Gross Profit Margin	89,83 %	97,95 %	96,89 %	87,22 %