VESTNES EIENDOM AS

4514 MANDAL

Finances

Share Ownership

Return on Equity

3,43 %

Current Ratio

0,36

Debt-to-Equity Ratio

1,81

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 228 000	2 326 000	1 958 000	1 887 000
Net Income	203 000	382 000	511 000	265 000
Total Assets	18 561 000	18 732 000	18 720 000	19 871 000
Total Equity	5 921 000	5 717 000	5 871 000	5 360 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 228 000	2 326 000	1 958 000	1 887 000
Expenditure	1 538 000	1 556 000	936 000	1 110 000
Operating Profit	691 000	770 000	1 023 000	777 000
Financial Income	2 000	0	0	0
Financial Costs	432 000	278 000	368 000	437 000
Financial Balance	−430 000	−278 000	−368 000	−437 000
Earnings Before Tax	261 000	492 000	656 000	340 000
Tax	57 000	109 000	144 000	75 000
Net Income	203 000	382 000	511 000	265 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 868 000	18 498 000	18 324 000	18 965 000
Total Current Assets	692 000	234 000	396 000	905 000
Total Assets	18 561 000	18 732 000	18 720 000	19 871 000
Total Retained Equity	4 601 000	4 398 000	4 552 000	5 260 000
Total Equity	5 921 000	5 717 000	5 871 000	5 360 000
Total Long-Term Debt	10 696 000	10 964 000	11 312 000	12 200 000
Total Current Debt	1 944 000	2 050 000	1 536 000	2 311 000
Total Equity and Debt	18 561 000	18 732 000	18 720 000	19 871 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 932 000	2 170 000	1 771 000	163 000
Other Income	296 000	156 000	188 000	1 724 000
Revenue	2 228 000	2 326 000	1 958 000	1 887 000
Cost of Goods Sold	0	0	0	2 000
Salary Costs	493 000	561 000	59 000	85 000
Depreciation	760 000	753 000	719 000	754 000
Impairment	0	0	0	0
Expenditure	1 538 000	1 556 000	936 000	1 110 000
Operating Profit	691 000	770 000	1 023 000	777 000
Financial Income	2 000	0	0	0
Financial Costs	432 000	278 000	368 000	437 000
Financial Balance	−430 000	−278 000	−368 000	−437 000
Dividends	0	0	0	0
Net Income	203 000	382 000	511 000	265 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	133 000	85 000	0	0
Real Eastate	17 479 000	18 059 000	18 291 000	18 919 000
Machinery and Plant Facilities	257 000	336 000	0	0
Fixtures	0	18 000	32 000	46 000
Total Tangible Assets	17 736 000	18 413 000	18 324 000	18 965 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	17 868 000	18 498 000	18 324 000	18 965 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	249 000	236 000	164 000	561 000
Total Current Assets	692 000	234 000	396 000	905 000
Total Assets	18 561 000	18 732 000	18 720 000	19 871 000
Total Equity	5 921 000	5 717 000	5 871 000	5 360 000
Short-Term Group Debt	1 582 000	1 352 000	1 135 000	1 674 000
Total Long-Term Debt	10 696 000	10 964 000	11 312 000	12 200 000
Creditors	−2 000	2 000	24 000	68 000
Unpaid Taxes	144 000	165 000	131 000	52 000
Dividends	0	0	0	0
Other Current Debt	114 000	368 000	52 000	285 000
Total Current Debt	1 944 000	2 050 000	1 536 000	2 311 000
Total Equity and Debt	18 561 000	18 732 000	18 720 000	19 871 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,43 %	6,68 %	8,7 %	4,94 %
Debt-to-Equity Ratio	1,81	1,92	1,93	2,28
Operating Profit Margin	31,01 %	33,1 %	52,25 %	41,18 %
Current Ratio	0,36	0,11	0,26	0,39
Quick Ratio	0,36	0,11	0,26	0,39
Equity Ratio	0,32	0,31	0,31	0,27
Gross Profit Margin	100 %	100 %	100 %	99,89 %