VORMESTRAND BULK AS

5585 SANDEID

Finances

Share Ownership

Return on Equity

11,47 %

Current Ratio

3,5

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 509 000	7 415 000	8 345 000	9 306 000
Net Income	424 000	84 000	193 000	181 000
Total Assets	4 814 000	4 510 000	5 073 000	5 675 000
Total Equity	3 695 000	3 271 000	3 187 000	2 994 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 509 000	7 415 000	8 345 000	9 306 000
Expenditure	8 022 000	7 313 000	8 118 000	9 066 000
Operating Profit	487 000	102 000	226 000	241 000
Financial Income	0	0	0	1 000
Financial Costs	10 000	18 000	34 000	60 000
Financial Balance	−10 000	−18 000	−34 000	−59 000
Earnings Before Tax	477 000	84 000	193 000	181 000
Tax	54 000	0	0	0
Net Income	424 000	84 000	193 000	181 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 041 000	1 562 000	2 008 000	2 520 000
Total Current Assets	3 773 000	2 948 000	3 065 000	3 156 000
Total Assets	4 814 000	4 510 000	5 073 000	5 675 000
Total Retained Equity	3 595 000	3 171 000	3 087 000	2 894 000
Total Equity	3 695 000	3 271 000	3 187 000	2 994 000
Total Long-Term Debt	42 000	391 000	756 000	1 288 000
Total Current Debt	1 077 000	848 000	1 130 000	1 393 000
Total Equity and Debt	4 814 000	4 510 000	5 073 000	5 675 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 509 000	7 412 000	8 345 000	9 303 000
Other Income	0	3 000	0	3 000
Revenue	8 509 000	7 415 000	8 345 000	9 306 000
Cost of Goods Sold	1 496 000	1 022 000	800 000	1 399 000
Salary Costs	2 508 000	2 382 000	2 901 000	3 123 000
Depreciation	521 000	545 000	526 000	523 000
Impairment	0	0	0	0
Expenditure	8 022 000	7 313 000	8 118 000	9 066 000
Operating Profit	487 000	102 000	226 000	241 000
Financial Income	0	0	0	1 000
Financial Costs	10 000	18 000	34 000	60 000
Financial Balance	−10 000	−18 000	−34 000	−59 000
Dividends	0	0	0	0
Net Income	424 000	84 000	193 000	181 000

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	54 000	82 000	111 000	140 000
Fixtures	987 000	1 480 000	1 897 000	2 380 000
Total Tangible Assets	1 041 000	1 562 000	2 008 000	2 520 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 041 000	1 562 000	2 008 000	2 520 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 244 000	1 667 000	1 384 000	1 466 000
Total Current Assets	3 773 000	2 948 000	3 065 000	3 156 000
Total Assets	4 814 000	4 510 000	5 073 000	5 675 000
Total Equity	3 695 000	3 271 000	3 187 000	2 994 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	42 000	391 000	756 000	1 288 000
Creditors	343 000	188 000	309 000	586 000
Unpaid Taxes	278 000	285 000	357 000	315 000
Dividends	0	0	0	0
Other Current Debt	428 000	375 000	464 000	492 000
Total Current Debt	1 077 000	848 000	1 130 000	1 393 000
Total Equity and Debt	4 814 000	4 510 000	5 073 000	5 675 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,47 %	2,57 %	6,06 %	6,05 %
Debt-to-Equity Ratio	0,01	0,12	0,24	0,43
Operating Profit Margin	5,72 %	1,38 %	2,71 %	2,59 %
Current Ratio	3,5	3,48	2,71	2,27
Quick Ratio	3,5	3,48	2,71	2,27
Equity Ratio	0,77	0,73	0,63	0,53
Gross Profit Margin	82,42 %	86,22 %	90,41 %	84,97 %