VESTERÅLEN BIL AS

8400 SORTLAND

Finances

Return on Equity

3,83 %

Current Ratio

2,43

Debt-to-Equity Ratio

0,43

Key figures (NOK)	2022	2021	2020	2019
Revenue	66 240 000	70 987 000	62 036 000	58 971 000
Net Income	427 000	1 672 000	1 611 000	141 000
Total Assets	24 979 000	21 974 000	19 914 000	19 787 000
Total Equity	11 146 000	10 719 000	9 047 000	8 061 000

Income (NOK)	2022	2021	2020	2019
Revenue	66 240 000	70 987 000	62 036 000	58 971 000
Expenditure	65 568 000	68 632 000	59 816 000	58 599 000
Operating Profit	671 000	2 354 000	2 221 000	371 000
Financial Income	2 000	5 000	7 000	18 000
Financial Costs	124 000	123 000	160 000	209 000
Financial Balance	−122 000	−118 000	−153 000	−191 000
Earnings Before Tax	549 000	2 236 000	2 068 000	180 000
Tax	122 000	564 000	457 000	40 000
Net Income	427 000	1 672 000	1 611 000	141 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 051 000	3 254 000	1 879 000	2 852 000
Total Current Assets	21 927 000	18 721 000	18 035 000	16 935 000
Total Assets	24 979 000	21 974 000	19 914 000	19 787 000
Total Retained Equity	8 592 000	8 165 000	6 493 000	5 508 000
Total Equity	11 146 000	10 719 000	9 047 000	8 061 000
Total Long-Term Debt	4 827 000	991 000	1 635 000	2 317 000
Total Current Debt	9 006 000	10 265 000	9 232 000	9 409 000
Total Equity and Debt	24 979 000	21 974 000	19 914 000	19 787 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	65 864 000	70 628 000	61 579 000	58 606 000
Other Income	376 000	358 000	458 000	365 000
Revenue	66 240 000	70 987 000	62 036 000	58 971 000
Cost of Goods Sold	47 532 000	51 728 000	44 302 000	42 130 000
Salary Costs	11 351 000	11 208 000	10 147 000	10 888 000
Depreciation	398 000	572 000	491 000	557 000
Impairment	0	0	0	0
Expenditure	65 568 000	68 632 000	59 816 000	58 599 000
Operating Profit	671 000	2 354 000	2 221 000	371 000
Financial Income	2 000	5 000	7 000	18 000
Financial Costs	124 000	123 000	160 000	209 000
Financial Balance	−122 000	−118 000	−153 000	−191 000
Dividends	0	0	0	0
Net Income	427 000	1 672 000	1 611 000	141 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	14 000	27 000	41 000	57 000
Machinery and Plant Facilities	1 274 000	1 643 000	646 000	1 457 000
Fixtures	1 292 000	1 114 000	728 000	881 000
Total Tangible Assets	2 581 000	2 785 000	1 416 000	2 394 000
Total Fiancial Fixed Assets	471 000	468 000	464 000	458 000
Total Fixed Assets	3 051 000	3 254 000	1 879 000	2 852 000
Stock	12 965 000	9 539 000	11 466 000	10 571 000
Total Investments	0	0	0	0
Cash, Bank	2 333 000	3 545 000	2 301 000	2 087 000
Total Current Assets	21 927 000	18 721 000	18 035 000	16 935 000
Total Assets	24 979 000	21 974 000	19 914 000	19 787 000
Total Equity	11 146 000	10 719 000	9 047 000	8 061 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 827 000	991 000	1 635 000	2 317 000
Creditors	6 501 000	5 129 000	5 772 000	5 768 000
Unpaid Taxes	884 000	1 038 000	728 000	1 060 000
Dividends	0	0	0	0
Other Current Debt	1 487 000	3 473 000	2 174 000	2 759 000
Total Current Debt	9 006 000	10 265 000	9 232 000	9 409 000
Total Equity and Debt	24 979 000	21 974 000	19 914 000	19 787 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,83 %	15,6 %	17,81 %	1,75 %
Debt-to-Equity Ratio	0,43	0,09	0,18	0,29
Operating Profit Margin	1,01 %	3,32 %	3,58 %	0,63 %
Current Ratio	2,43	1,82	1,95	1,8
Quick Ratio	−5,54	25,79	−8,07	−14,57
Equity Ratio	0,45	0,49	0,45	0,41
Gross Profit Margin	28,24 %	27,13 %	28,59 %	28,56 %