VESTLANDETS INNOVASJONSSELSKAP AS

5006 BERGEN

Finances

Return on Equity

−33,79 %

Current Ratio

1,16

Debt-to-Equity Ratio

1,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	74 569 000	75 028 000	78 136 000	85 249 000
Net Income	−8 716 000	−10 779 000	891 000	−16 564 000
Total Assets	83 888 000	101 977 000	122 874 000	112 758 000
Total Equity	25 793 000	34 508 000	45 288 000	23 396 000

Income (NOK)	2022	2021	2020	2019
Revenue	74 569 000	75 028 000	78 136 000	85 249 000
Expenditure	79 637 000	78 043 000	82 579 000	97 982 000
Operating Profit	−5 067 000	−3 014 000	−4 443 000	−12 733 000
Financial Income	1 599 000	2 574 000	6 752 000	72 000
Financial Costs	5 247 000	10 339 000	1 417 000	823 000
Financial Balance	−3 648 000	−7 765 000	5 335 000	−751 000
Earnings Before Tax	−8 716 000	−10 779 000	891 000	−13 484 000
Tax	0	0	0	3 080 000
Net Income	−8 716 000	−10 779 000	891 000	−16 564 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	51 640 000	63 208 000	83 146 000	80 177 000
Total Current Assets	32 249 000	38 769 000	39 728 000	32 581 000
Total Assets	83 888 000	101 977 000	122 874 000	112 758 000
Total Retained Equity	0	3 858 000	14 637 000	13 746 000
Total Equity	25 793 000	34 508 000	45 288 000	23 396 000
Total Long-Term Debt	30 388 000	34 498 000	40 684 000	44 389 000
Total Current Debt	27 707 000	32 971 000	36 903 000	44 973 000
Total Equity and Debt	83 888 000	101 977 000	122 874 000	112 758 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	23 822 000	22 417 000	22 763 000	26 154 000
Other Income	50 747 000	52 611 000	55 374 000	59 095 000
Revenue	74 569 000	75 028 000	78 136 000	85 249 000
Cost of Goods Sold	0	0	0	0
Salary Costs	35 135 000	34 589 000	38 424 000	51 297 000
Depreciation	1 576 000	1 643 000	2 715 000	2 807 000
Impairment	0	0	0	0
Expenditure	79 637 000	78 043 000	82 579 000	97 982 000
Operating Profit	−5 067 000	−3 014 000	−4 443 000	−12 733 000
Financial Income	1 599 000	2 574 000	6 752 000	72 000
Financial Costs	5 247 000	10 339 000	1 417 000	823 000
Financial Balance	−3 648 000	−7 765 000	5 335 000	−751 000
Dividends	0	0	0	0
Net Income	−8 716 000	−10 779 000	891 000	−16 564 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 898 000	1 991 000	2 524 000	4 344 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 481 000	2 757 000	3 016 000	3 569 000
Total Tangible Assets	2 481 000	2 757 000	3 016 000	3 569 000
Total Fiancial Fixed Assets	47 260 000	58 460 000	77 607 000	72 263 000
Total Fixed Assets	51 640 000	63 208 000	83 146 000	80 177 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 018 000	12 892 000	13 347 000	6 029 000
Total Current Assets	32 249 000	38 769 000	39 728 000	32 581 000
Total Assets	83 888 000	101 977 000	122 874 000	112 758 000
Total Equity	25 793 000	34 508 000	45 288 000	23 396 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	30 388 000	34 498 000	40 684 000	44 389 000
Creditors	5 211 000	4 315 000	8 079 000	4 993 000
Unpaid Taxes	3 356 000	2 918 000	2 666 000	4 920 000
Dividends	0	0	0	0
Other Current Debt	19 141 000	25 739 000	26 158 000	17 904 000
Total Current Debt	27 707 000	32 971 000	36 903 000	44 973 000
Total Equity and Debt	83 888 000	101 977 000	122 874 000	112 758 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−33,79 %	−31,24 %	1,97 %	−70,8 %
Debt-to-Equity Ratio	1,18	1	0,9	1,9
Operating Profit Margin	−6,8 %	−4,02 %	−5,69 %	−14,94 %
Current Ratio	1,16	1,18	1,08	0,72
Quick Ratio	1,16	1,18	1,08	0,72
Equity Ratio	0,31	0,34	0,37	0,21
Gross Profit Margin	100 %	100 %	100 %	100 %