VESTERÅLEN AS

9409 HARSTAD

Finances

Share Ownership

Return on Equity

35,38 %

Current Ratio

2,51

Debt-to-Equity Ratio

4,84

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 545 000	1 232 000	1 204 000	1 152 000
Net Income	531 000	537 000	469 000	381 000
Total Assets	9 784 000	10 740 000	12 582 000	8 351 000
Total Equity	1 501 000	1 670 000	2 233 000	1 764 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 545 000	1 232 000	1 204 000	1 152 000
Expenditure	672 000	416 000	412 000	514 000
Operating Profit	872 000	816 000	791 000	638 000
Financial Income	65 000	34 000	46 000	13 000
Financial Costs	257 000	161 000	235 000	162 000
Financial Balance	−192 000	−127 000	−189 000	−149 000
Earnings Before Tax	681 000	688 000	601 000	489 000
Tax	150 000	151 000	132 000	107 000
Net Income	531 000	537 000	469 000	381 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 226 000	7 403 000	7 604 000	7 772 000
Total Current Assets	2 559 000	3 337 000	4 978 000	579 000
Total Assets	9 784 000	10 740 000	12 582 000	8 351 000
Total Retained Equity	1 000	170 000	733 000	264 000
Total Equity	1 501 000	1 670 000	2 233 000	1 764 000
Total Long-Term Debt	7 263 000	7 693 000	8 018 000	3 393 000
Total Current Debt	1 020 000	1 377 000	2 331 000	3 194 000
Total Equity and Debt	9 784 000	10 740 000	12 582 000	8 351 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	291 000	42 000	1 204 000	1 152 000
Other Income	1 253 000	1 190 000	0	0
Revenue	1 545 000	1 232 000	1 204 000	1 152 000
Cost of Goods Sold	281 000	42 000	36 000	0
Salary Costs	0	0	0	0
Depreciation	248 000	241 000	239 000	239 000
Impairment	0	0	0	0
Expenditure	672 000	416 000	412 000	514 000
Operating Profit	872 000	816 000	791 000	638 000
Financial Income	65 000	34 000	46 000	13 000
Financial Costs	257 000	161 000	235 000	162 000
Financial Balance	−192 000	−127 000	−189 000	−149 000
Dividends	700 000	1 100 000	0	900 000
Net Income	531 000	537 000	469 000	381 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 000	0	0	0
Real Eastate	6 922 000	7 073 000	7 604 000	7 772 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	303 000	330 000	0	0
Total Tangible Assets	7 225 000	7 403 000	7 604 000	7 772 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 226 000	7 403 000	7 604 000	7 772 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 558 000	3 216 000	4 978 000	556 000
Total Current Assets	2 559 000	3 337 000	4 978 000	579 000
Total Assets	9 784 000	10 740 000	12 582 000	8 351 000
Total Equity	1 501 000	1 670 000	2 233 000	1 764 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 263 000	7 693 000	8 018 000	3 393 000
Creditors	12 000	64 000	10 000	127 000
Unpaid Taxes	50 000	17 000	49 000	0
Dividends	700 000	1 100 000	0	900 000
Other Current Debt	99 000	36 000	2 134 000	2 057 000
Total Current Debt	1 020 000	1 377 000	2 331 000	3 194 000
Total Equity and Debt	9 784 000	10 740 000	12 582 000	8 351 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,38 %	32,16 %	21 %	21,6 %
Debt-to-Equity Ratio	4,84	4,61	3,59	1,92
Operating Profit Margin	56,44 %	66,23 %	65,7 %	55,38 %
Current Ratio	2,51	2,42	2,14	0,18
Quick Ratio	2,51	2,42	2,14	0,18
Equity Ratio	0,15	0,16	0,18	0,21
Gross Profit Margin	81,81 %	96,59 %	97,01 %	100 %