VESTERÅLEN FINANS AS

8400 SORTLAND

Finances

Share Ownership

Return on Equity

49,36 %

Current Ratio

1,33

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 771 000	4 604 000	2 766 000	2 066 000
Net Income	116 000	159 000	324 000	−44 000
Total Assets	1 074 000	1 012 000	781 000	256 000
Total Equity	235 000	268 000	259 000	−40 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 771 000	4 604 000	2 766 000	2 066 000
Expenditure	4 617 000	4 386 000	2 391 000	2 110 000
Operating Profit	154 000	218 000	376 000	−44 000
Financial Income	0	0	0	0
Financial Costs	4 000	6 000	7 000	0
Financial Balance	−4 000	−6 000	−7 000	0
Earnings Before Tax	149 000	213 000	369 000	−44 000
Tax	33 000	54 000	45 000	0
Net Income	116 000	159 000	324 000	−44 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	21 000	28 000	0	0
Total Current Assets	1 053 000	984 000	781 000	256 000
Total Assets	1 074 000	1 012 000	781 000	256 000
Total Retained Equity	85 000	118 000	109 000	−190 000
Total Equity	235 000	268 000	259 000	−40 000
Total Long-Term Debt	47 000	99 000	150 000	0
Total Current Debt	792 000	645 000	372 000	297 000
Total Equity and Debt	1 074 000	1 012 000	781 000	256 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	4 771 000	4 604 000	2 766 000	2 066 000
Revenue	4 771 000	4 604 000	2 766 000	2 066 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 738 000	3 508 000	1 859 000	1 654 000
Depreciation	6 000	4 000	0	0
Impairment	0	0	0	0
Expenditure	4 617 000	4 386 000	2 391 000	2 110 000
Operating Profit	154 000	218 000	376 000	−44 000
Financial Income	0	0	0	0
Financial Costs	4 000	6 000	7 000	0
Financial Balance	−4 000	−6 000	−7 000	0
Dividends	150 000	150 000	25 000	0
Net Income	116 000	159 000	324 000	−44 000

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	21 000	28 000	0	0
Total Tangible Assets	21 000	28 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	21 000	28 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 053 000	984 000	722 000	232 000
Total Current Assets	1 053 000	984 000	781 000	256 000
Total Assets	1 074 000	1 012 000	781 000	256 000
Total Equity	235 000	268 000	259 000	−40 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	47 000	99 000	150 000	0
Creditors	23 000	12 000	37 000	33 000
Unpaid Taxes	246 000	197 000	116 000	101 000
Dividends	150 000	150 000	25 000	0
Other Current Debt	340 000	233 000	150 000	162 000
Total Current Debt	792 000	645 000	372 000	297 000
Total Equity and Debt	1 074 000	1 012 000	781 000	256 000

Financial indicators	2022	2021	2020	2019
Return on Equity	49,36 %	59,33 %	125,1 %	110 %
Debt-to-Equity Ratio	0,2	0,37	0,58	−0
Operating Profit Margin	3,23 %	4,74 %	13,59 %	−2,13 %
Current Ratio	1,33	1,53	2,1	0,86
Quick Ratio	1,33	1,53	2,1	0,86
Equity Ratio	0,22	0,26	0,33	−0,16
Gross Profit Margin	100 %	100 %	100 %	100 %