VADSKJÆRET AS

3263 LARVIK

Finances

Share Ownership

Return on Equity

−12,05 %

Current Ratio

0,15

Debt-to-Equity Ratio

1,47

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 185 000	820 000	129 000	0
Net Income	−625 000	−1 308 000	−680 000	192 000
Total Assets	14 594 000	14 517 000	9 057 000	5 132 000
Total Equity	5 187 000	−1 788 000	−480 000	4 296 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 185 000	820 000	129 000	0
Expenditure	1 149 000	2 011 000	950 000	13 000
Operating Profit	35 000	−1 191 000	−821 000	−13 000
Financial Income	0	2 000	147 000	258 000
Financial Costs	836 000	488 000	198 000	0
Financial Balance	−836 000	−486 000	−51 000	258 000
Earnings Before Tax	−801 000	−1 677 000	−872 000	246 000
Tax	−176 000	−369 000	−192 000	54 000
Net Income	−625 000	−1 308 000	−680 000	192 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 328 000	14 027 000	8 671 000	0
Total Current Assets	266 000	490 000	386 000	5 132 000
Total Assets	14 594 000	14 517 000	9 057 000	5 132 000
Total Retained Equity	0	−1 988 000	−680 000	1 909 000
Total Equity	5 187 000	−1 788 000	−480 000	4 296 000
Total Long-Term Debt	7 600 000	7 680 000	6 520 000	312 000
Total Current Debt	1 807 000	8 625 000	3 017 000	524 000
Total Equity and Debt	14 594 000	14 517 000	9 057 000	5 132 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 185 000	820 000	129 000	0
Revenue	1 185 000	820 000	129 000	0
Cost of Goods Sold	9 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	226 000	239 000	87 000	0
Impairment	0	0	0	0
Expenditure	1 149 000	2 011 000	950 000	13 000
Operating Profit	35 000	−1 191 000	−821 000	−13 000
Financial Income	0	2 000	147 000	258 000
Financial Costs	836 000	488 000	198 000	0
Financial Balance	−836 000	−486 000	−51 000	258 000
Dividends	0	0	4 096 000	0
Net Income	−625 000	−1 308 000	−680 000	192 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	425 000	249 000	0	0
Real Eastate	13 902 000	13 778 000	8 671 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	13 902 000	13 778 000	8 671 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	14 328 000	14 027 000	8 671 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	195 000	398 000	154 000	66 000
Total Current Assets	266 000	490 000	386 000	5 132 000
Total Assets	14 594 000	14 517 000	9 057 000	5 132 000
Total Equity	5 187 000	−1 788 000	−480 000	4 296 000
Short-Term Group Debt	1 435 000	8 355 000	2 650 000	524 000
Total Long-Term Debt	7 600 000	7 680 000	6 520 000	312 000
Creditors	119 000	111 000	267 000	0
Unpaid Taxes	24 000	0	0	0
Dividends	0	0	4 096 000	0
Other Current Debt	229 000	159 000	101 000	0
Total Current Debt	1 807 000	8 625 000	3 017 000	524 000
Total Equity and Debt	14 594 000	14 517 000	9 057 000	5 132 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,05 %	73,15 %	141,67 %	4,47 %
Debt-to-Equity Ratio	1,47	−4,3	−13,58	0,07
Operating Profit Margin	2,95 %	−145,24 %	−636,43 %	-
Current Ratio	0,15	0,06	0,13	9,79
Quick Ratio	0,15	0,06	0,13	9,79
Equity Ratio	0,36	−0,12	−0,05	0,84
Gross Profit Margin	99,24 %	100 %	100 %	-