VESTERÅLSGATA 92 AS

8400 SORTLAND

Finances

Share Ownership

Return on Equity

−7,51 %

Current Ratio

4,4

Debt-to-Equity Ratio

5,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	899 000	895 000	940 000	934 000
Net Income	−87 000	476 000	−172 000	88 000
Total Assets	7 450 000	7 042 000	6 166 000	6 181 000
Total Equity	1 159 000	−49 000	−1 334 000	−1 163 000

Income (NOK)	2022	2021	2020	2019
Revenue	899 000	895 000	940 000	934 000
Expenditure	498 000	521 000	506 000	485 000
Operating Profit	400 000	374 000	435 000	450 000
Financial Income	0	22 000	0	0
Financial Costs	782 000	148 000	607 000	362 000
Financial Balance	−782 000	−126 000	−607 000	−362 000
Earnings Before Tax	−382 000	247 000	−172 000	88 000
Tax	−295 000	−228 000	0	0
Net Income	−87 000	476 000	−172 000	88 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 783 000	5 983 000	6 103 000	6 300 000
Total Current Assets	1 668 000	1 058 000	62 000	−119 000
Total Assets	7 450 000	7 042 000	6 166 000	6 181 000
Total Retained Equity	259 000	−949 000	−2 234 000	−2 063 000
Total Equity	1 159 000	−49 000	−1 334 000	−1 163 000
Total Long-Term Debt	5 913 000	5 923 000	6 556 000	6 456 000
Total Current Debt	379 000	1 168 000	944 000	887 000
Total Equity and Debt	7 450 000	7 042 000	6 166 000	6 181 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	919 000
Other Income	899 000	895 000	940 000	15 000
Revenue	899 000	895 000	940 000	934 000
Cost of Goods Sold	0	0	0	0
Salary Costs	5 000	4 000	0	3 000
Depreciation	200 000	197 000	197 000	197 000
Impairment	0	0	0	0
Expenditure	498 000	521 000	506 000	485 000
Operating Profit	400 000	374 000	435 000	450 000
Financial Income	0	22 000	0	0
Financial Costs	782 000	148 000	607 000	362 000
Financial Balance	−782 000	−126 000	−607 000	−362 000
Dividends	0	0	0	0
Net Income	−87 000	476 000	−172 000	88 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	5 781 000	5 980 000	6 098 000	6 292 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 000	3 000	5 000	7 000
Total Tangible Assets	5 783 000	5 983 000	6 103 000	6 300 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	5 783 000	5 983 000	6 103 000	6 300 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	−183 000
Total Current Assets	1 668 000	1 058 000	62 000	−119 000
Total Assets	7 450 000	7 042 000	6 166 000	6 181 000
Total Equity	1 159 000	−49 000	−1 334 000	−1 163 000
Short-Term Group Debt	154 000	1 038 000	813 000	789 000
Total Long-Term Debt	5 913 000	5 923 000	6 556 000	6 456 000
Creditors	44 000	9 000	31 000	79 000
Unpaid Taxes	27 000	28 000	25 000	19 000
Dividends	0	0	0	0
Other Current Debt	0	69 000	0	0
Total Current Debt	379 000	1 168 000	944 000	887 000
Total Equity and Debt	7 450 000	7 042 000	6 166 000	6 181 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−7,51 %	−971,43 %	12,89 %	−7,57 %
Debt-to-Equity Ratio	5,1	−120,88	−4,91	−5,55
Operating Profit Margin	44,49 %	41,79 %	46,28 %	48,18 %
Current Ratio	4,4	0,91	0,07	−0,13
Quick Ratio	4,4	0,91	0,07	−0,13
Equity Ratio	0,16	−0,01	−0,22	−0,19
Gross Profit Margin	100 %	100 %	100 %	100 %