VESTFONNA GEOPHYSICAL AS

0871 OSLO

Finances

Share Ownership

Return on Equity

−15,52 %

Current Ratio

1,47

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	632 000	697 000	623 000	492 000
Net Income	−133 000	−45 000	−72 000	−238 000
Total Assets	1 437 000	1 128 000	1 160 000	1 234 000
Total Equity	857 000	990 000	1 035 000	1 107 000

Income (NOK)	2021	2020	2019	2018
Revenue	632 000	697 000	623 000	492 000
Expenditure	764 000	737 000	691 000	727 000
Operating Profit	−132 000	−40 000	−68 000	−236 000
Financial Income	0	0	0	0
Financial Costs	2 000	4 000	4 000	2 000
Financial Balance	−2 000	−4 000	−4 000	−2 000
Earnings Before Tax	−133 000	−45 000	−72 000	−238 000
Tax	0	0	0	0
Net Income	−133 000	−45 000	−72 000	−238 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	585 000	752 000	928 000	1 108 000
Total Current Assets	852 000	377 000	232 000	126 000
Total Assets	1 437 000	1 128 000	1 160 000	1 234 000
Total Retained Equity	756 000	890 000	934 000	1 006 000
Total Equity	857 000	990 000	1 035 000	1 107 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	579 000	138 000	125 000	127 000
Total Equity and Debt	1 437 000	1 128 000	1 160 000	1 234 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	560 000	625 000	551 000	420 000
Other Income	72 000	72 000	72 000	72 000
Revenue	632 000	697 000	623 000	492 000
Cost of Goods Sold	227 000	175 000	53 000	183 000
Salary Costs	0	0	0	0
Depreciation	167 000	176 000	180 000	179 000
Impairment	0	0	0	0
Expenditure	764 000	737 000	691 000	727 000
Operating Profit	−132 000	−40 000	−68 000	−236 000
Financial Income	0	0	0	0
Financial Costs	2 000	4 000	4 000	2 000
Financial Balance	−2 000	−4 000	−4 000	−2 000
Dividends	0	0	0	0
Net Income	−133 000	−45 000	−72 000	−238 000

Balance details (NOK)	2021	2020	2019	2018
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	585 000	752 000	928 000	1 108 000
Total Tangible Assets	585 000	752 000	928 000	1 108 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	585 000	752 000	928 000	1 108 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	541 000	359 000	41 000	2 000
Total Current Assets	852 000	377 000	232 000	126 000
Total Assets	1 437 000	1 128 000	1 160 000	1 234 000
Total Equity	857 000	990 000	1 035 000	1 107 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	14 000	10 000	55 000	6 000
Unpaid Taxes	216 000	101 000	22 000	24 000
Dividends	0	0	0	0
Other Current Debt	349 000	26 000	48 000	97 000
Total Current Debt	579 000	138 000	125 000	127 000
Total Equity and Debt	1 437 000	1 128 000	1 160 000	1 234 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−15,52 %	−4,55 %	−6,96 %	−21,5 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−20,89 %	−5,74 %	−10,91 %	−47,97 %
Current Ratio	1,47	2,73	1,86	0,99
Quick Ratio	1,47	2,73	1,86	0,99
Equity Ratio	0,6	0,88	0,89	0,9
Gross Profit Margin	64,08 %	74,89 %	91,49 %	62,8 %