VESTNES OCEAN AS

6900 FLORØ

Finances

Return on Equity

8,35 %

Current Ratio

1,23

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	76 400 000	119 978 000	117 345 000	54 375 000
Net Income	762 000	7 738 000	9 123 000	819 000
Total Assets	29 437 000	36 795 000	40 277 000	44 034 000
Total Equity	9 125 000	13 594 000	9 192 000	5 069 000

Income (NOK)	2022	2021	2020	2019
Revenue	76 400 000	119 978 000	117 345 000	54 375 000
Expenditure	73 926 000	117 427 000	110 093 000	54 667 000
Operating Profit	3 174 000	2 626 000	7 272 000	327 000
Financial Income	744 000	6 731 000	6 413 000	1 028 000
Financial Costs	2 884 000	953 000	4 471 000	535 000
Financial Balance	−2 140 000	5 778 000	1 942 000	493 000
Earnings Before Tax	1 034 000	8 405 000	9 214 000	819 000
Tax	273 000	667 000	91 000	0
Net Income	762 000	7 738 000	9 123 000	819 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 168 000	10 226 000	10 101 000	4 426 000
Total Current Assets	23 269 000	26 570 000	30 176 000	39 608 000
Total Assets	29 437 000	36 795 000	40 277 000	44 034 000
Total Retained Equity	5 277 000	10 416 000	6 578 000	2 455 000
Total Equity	9 125 000	13 594 000	9 192 000	5 069 000
Total Long-Term Debt	1 379 000	917 000	91 000	0
Total Current Debt	18 933 000	22 284 000	30 994 000	38 965 000
Total Equity and Debt	29 437 000	36 795 000	40 277 000	44 034 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	76 400 000	118 174 000	117 335 000	54 372 000
Other Income	0	1 803 000	10 000	3 000
Revenue	76 400 000	119 978 000	117 345 000	54 375 000
Cost of Goods Sold	37 357 000	76 241 000	72 148 000	32 403 000
Salary Costs	28 694 000	32 389 000	22 397 000	15 514 000
Depreciation	193 000	173 000	119 000	108 000
Impairment	0	0	0	0
Expenditure	73 926 000	117 427 000	110 093 000	54 667 000
Operating Profit	3 174 000	2 626 000	7 272 000	327 000
Financial Income	744 000	6 731 000	6 413 000	1 028 000
Financial Costs	2 884 000	953 000	4 471 000	535 000
Financial Balance	−2 140 000	5 778 000	1 942 000	493 000
Dividends	5 000 000	3 000 000	5 000 000	0
Net Income	762 000	7 738 000	9 123 000	819 000

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	335 000	527 000	551 000	241 000
Total Tangible Assets	335 000	527 000	551 000	241 000
Total Fiancial Fixed Assets	5 833 000	9 698 000	9 550 000	4 185 000
Total Fixed Assets	6 168 000	10 226 000	10 101 000	4 426 000
Stock	1 944 000	1 245 000	1 170 000	1 149 000
Total Investments	0	0	0	0
Cash, Bank	3 053 000	5 290 000	4 597 000	1 828 000
Total Current Assets	23 269 000	26 570 000	30 176 000	39 608 000
Total Assets	29 437 000	36 795 000	40 277 000	44 034 000
Total Equity	9 125 000	13 594 000	9 192 000	5 069 000
Short-Term Group Debt	42 000	177 000	0	0
Total Long-Term Debt	1 379 000	917 000	91 000	0
Creditors	3 569 000	3 829 000	6 188 000	6 030 000
Unpaid Taxes	2 227 000	8 161 000	2 770 000	2 607 000
Dividends	5 000 000	3 000 000	5 000 000	0
Other Current Debt	8 095 000	6 680 000	13 832 000	26 396 000
Total Current Debt	18 933 000	22 284 000	30 994 000	38 965 000
Total Equity and Debt	29 437 000	36 795 000	40 277 000	44 034 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,35 %	56,92 %	99,25 %	16,16 %
Debt-to-Equity Ratio	0,15	0,07	0,01	0
Operating Profit Margin	4,15 %	2,19 %	6,2 %	0,6 %
Current Ratio	1,23	1,19	0,97	1,02
Quick Ratio	1,37	1,26	1,01	1,05
Equity Ratio	0,31	0,37	0,23	0,12
Gross Profit Margin	51,1 %	36,45 %	38,52 %	40,41 %