VESTERVÅG AS

6900 FLORØ

Finances

Share Ownership

Return on Equity

−8,04 %

Current Ratio

62,2

Debt-to-Equity Ratio

0,22

Key figures (NOK)	2022	2021	2020	2019
Revenue	174 000	403 000	427 000	443 000
Net Income	−118 000	−143 000	−206 000	−173 000
Total Assets	1 799 000	2 025 000	2 281 000	2 439 000
Total Equity	1 468 000	1 586 000	1 729 000	1 935 000

Income (NOK)	2022	2021	2020	2019
Revenue	174 000	403 000	427 000	443 000
Expenditure	325 000	633 000	628 000	658 000
Operating Profit	−151 000	−230 000	−200 000	−216 000
Financial Income	0	0	0	1 000
Financial Costs	0	11 000	6 000	7 000
Financial Balance	0	−11 000	−6 000	−6 000
Earnings Before Tax	−151 000	−241 000	−206 000	−222 000
Tax	−33 000	−98 000	0	−49 000
Net Income	−118 000	−143 000	−206 000	−173 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 488 000	1 610 000	1 732 000	1 854 000
Total Current Assets	311 000	415 000	549 000	584 000
Total Assets	1 799 000	2 025 000	2 281 000	2 439 000
Total Retained Equity	98 000	216 000	359 000	565 000
Total Equity	1 468 000	1 586 000	1 729 000	1 935 000
Total Long-Term Debt	326 000	382 000	433 000	463 000
Total Current Debt	5 000	57 000	119 000	40 000
Total Equity and Debt	1 799 000	2 025 000	2 281 000	2 439 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	163 000	373 000	427 000	443 000
Other Income	11 000	30 000	0	0
Revenue	174 000	403 000	427 000	443 000
Cost of Goods Sold	0	128 000	175 000	84 000
Salary Costs	8 000	89 000	113 000	139 000
Depreciation	122 000	122 000	122 000	128 000
Impairment	0	0	0	0
Expenditure	325 000	633 000	628 000	658 000
Operating Profit	−151 000	−230 000	−200 000	−216 000
Financial Income	0	0	0	1 000
Financial Costs	0	11 000	6 000	7 000
Financial Balance	0	−11 000	−6 000	−6 000
Dividends	0	0	0	0
Net Income	−118 000	−143 000	−206 000	−173 000

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	59 000	70 000	81 000	92 000
Total Tangible Assets	1 488 000	1 610 000	1 732 000	1 854 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 488 000	1 610 000	1 732 000	1 854 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 000	3 000	109 000	124 000
Total Current Assets	311 000	415 000	549 000	584 000
Total Assets	1 799 000	2 025 000	2 281 000	2 439 000
Total Equity	1 468 000	1 586 000	1 729 000	1 935 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	326 000	382 000	433 000	463 000
Creditors	0	22 000	17 000	16 000
Unpaid Taxes	1 000	35 000	−3 000	24 000
Dividends	0	0	0	0
Other Current Debt	4 000	0	105 000	0
Total Current Debt	5 000	57 000	119 000	40 000
Total Equity and Debt	1 799 000	2 025 000	2 281 000	2 439 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,04 %	−9,02 %	−11,91 %	−8,94 %
Debt-to-Equity Ratio	0,22	0,24	0,25	0,24
Operating Profit Margin	−86,78 %	−57,07 %	−46,84 %	−48,76 %
Current Ratio	62,2	7,28	4,61	14,6
Quick Ratio	62,2	7,28	4,61	14,6
Equity Ratio	0,82	0,78	0,76	0,79
Gross Profit Margin	100 %	68,24 %	59,02 %	81,04 %