VETLESTIEN AS

5600 NORHEIMSUND

Finances

Return on Equity

20,28 %

Current Ratio

0,68

Debt-to-Equity Ratio

1,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	754 000	54 000	2 000	277 000
Net Income	516 000	−198 000	−272 000	1 047 000
Total Assets	7 554 000	5 479 000	6 108 000	6 787 000
Total Equity	2 544 000	713 000	−2 273 000	−2 001 000

Income (NOK)	2022	2021	2020	2019
Revenue	754 000	54 000	2 000	277 000
Expenditure	90 000	83 000	127 000	298 000
Operating Profit	664 000	−29 000	−125 000	−22 000
Financial Income	12 000	9 000	72 000	1 279 000
Financial Costs	160 000	177 000	219 000	211 000
Financial Balance	−148 000	−168 000	−147 000	1 068 000
Earnings Before Tax	516 000	−198 000	−272 000	1 047 000
Tax	0	0	0	0
Net Income	516 000	−198 000	−272 000	1 047 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 113 000	4 749 000	4 195 000	5 966 000
Total Current Assets	1 441 000	730 000	1 913 000	821 000
Total Assets	7 554 000	5 479 000	6 108 000	6 787 000
Total Retained Equity	1 539 000	−2 526 000	−5 512 000	−5 240 000
Total Equity	2 544 000	713 000	−2 273 000	−2 001 000
Total Long-Term Debt	2 904 000	4 737 000	5 053 000	5 364 000
Total Current Debt	2 106 000	29 000	3 329 000	3 424 000
Total Equity and Debt	7 554 000	5 479 000	6 108 000	6 787 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	754 000	54 000	2 000	200 000
Other Income	0	0	0	77 000
Revenue	754 000	54 000	2 000	277 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	90 000	83 000	127 000	298 000
Operating Profit	664 000	−29 000	−125 000	−22 000
Financial Income	12 000	9 000	72 000	1 279 000
Financial Costs	160 000	177 000	219 000	211 000
Financial Balance	−148 000	−168 000	−147 000	1 068 000
Dividends	0	0	0	0
Net Income	516 000	−198 000	−272 000	1 047 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	6 102 000	4 738 000	4 184 000	3 955 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	6 102 000	4 738 000	4 184 000	3 955 000
Total Fiancial Fixed Assets	11 000	11 000	11 000	2 011 000
Total Fixed Assets	6 113 000	4 749 000	4 195 000	5 966 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	126 000	662 000	681 000	56 000
Total Current Assets	1 441 000	730 000	1 913 000	821 000
Total Assets	7 554 000	5 479 000	6 108 000	6 787 000
Total Equity	2 544 000	713 000	−2 273 000	−2 001 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 904 000	4 737 000	5 053 000	5 364 000
Creditors	1 883 000	29 000	95 000	88 000
Unpaid Taxes	−537 000	0	0	34 000
Dividends	0	0	0	0
Other Current Debt	760 000	0	3 234 000	3 302 000
Total Current Debt	2 106 000	29 000	3 329 000	3 424 000
Total Equity and Debt	7 554 000	5 479 000	6 108 000	6 787 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,28 %	−27,77 %	11,97 %	−52,32 %
Debt-to-Equity Ratio	1,14	6,64	−2,22	−2,68
Operating Profit Margin	88,06 %	−53,7 %	−6 250 %	−7,94 %
Current Ratio	0,68	25,17	0,57	0,24
Quick Ratio	0,68	25,17	0,57	0,24
Equity Ratio	0,34	0,13	−0,37	−0,29
Gross Profit Margin	100 %	100 %	100 %	100 %