VESTMARGRUPPEN AS

3750 DRANGEDAL

Finances

Return on Equity

−18,71 %

Current Ratio

1,22

Debt-to-Equity Ratio

2,77

Key figures (NOK)	2021	2020	2019	2018
Revenue	70 699 000	77 148 000	116 193 000	121 813 000
Net Income	−3 651 000	−739 000	499 000	−546 000
Total Assets	86 648 000	94 419 000	98 212 000	101 619 000
Total Equity	19 514 000	23 165 000	24 239 000	24 089 000

Income (NOK)	2021	2020	2019	2018
Revenue	70 699 000	77 148 000	116 193 000	121 813 000
Expenditure	73 919 000	76 090 000	113 640 000	121 048 000
Operating Profit	−3 220 000	1 059 000	2 552 000	765 000
Financial Income	301 000	350 000	347 000	312 000
Financial Costs	1 667 000	2 270 000	2 167 000	1 627 000
Financial Balance	−1 366 000	−1 920 000	−1 820 000	−1 315 000
Earnings Before Tax	−4 586 000	−861 000	732 000	−551 000
Tax	−935 000	−122 000	232 000	−5 000
Net Income	−3 651 000	−739 000	499 000	−546 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	70 738 000	72 429 000	77 972 000	74 002 000
Total Current Assets	15 910 000	21 990 000	20 240 000	27 616 000
Total Assets	86 648 000	94 419 000	98 212 000	101 619 000
Total Retained Equity	19 181 000	22 832 000	23 906 000	23 756 000
Total Equity	19 514 000	23 165 000	24 239 000	24 089 000
Total Long-Term Debt	54 068 000	55 526 000	57 719 000	57 462 000
Total Current Debt	13 066 000	15 728 000	16 254 000	20 067 000
Total Equity and Debt	86 648 000	94 419 000	98 212 000	101 619 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	69 480 000	72 446 000	107 931 000	120 052 000
Other Income	1 219 000	4 702 000	8 263 000	1 761 000
Revenue	70 699 000	77 148 000	116 193 000	121 813 000
Cost of Goods Sold	18 177 000	21 222 000	36 105 000	41 816 000
Salary Costs	31 834 000	32 702 000	47 772 000	51 779 000
Depreciation	10 353 000	10 279 000	10 928 000	9 723 000
Impairment	0	0	0	0
Expenditure	73 919 000	76 090 000	113 640 000	121 048 000
Operating Profit	−3 220 000	1 059 000	2 552 000	765 000
Financial Income	301 000	350 000	347 000	312 000
Financial Costs	1 667 000	2 270 000	2 167 000	1 627 000
Financial Balance	−1 366 000	−1 920 000	−1 820 000	−1 315 000
Dividends	0	350 000	350 000	450 000
Net Income	−3 651 000	−739 000	499 000	−546 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	689 000	747 000	1 046 000	1 345 000
Total Intangible Assets	3 591 000	2 609 000	2 752 000	3 283 000
Real Eastate	46 043 000	47 769 000	50 253 000	49 504 000
Machinery and Plant Facilities	21 094 000	22 040 000	24 804 000	21 053 000
Fixtures	0	0	0	0
Total Tangible Assets	67 137 000	69 809 000	75 057 000	70 557 000
Total Fiancial Fixed Assets	10 000	10 000	162 000	162 000
Total Fixed Assets	70 738 000	72 429 000	77 972 000	74 002 000
Stock	1 147 000	1 611 000	1 355 000	2 542 000
Total Investments	0	0	0	0
Cash, Bank	4 886 000	11 424 000	8 368 000	9 865 000
Total Current Assets	15 910 000	21 990 000	20 240 000	27 616 000
Total Assets	86 648 000	94 419 000	98 212 000	101 619 000
Total Equity	19 514 000	23 165 000	24 239 000	24 089 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	54 068 000	55 526 000	57 719 000	57 462 000
Creditors	4 401 000	4 186 000	3 728 000	6 207 000
Unpaid Taxes	3 028 000	2 604 000	3 598 000	4 022 000
Dividends	0	350 000	350 000	450 000
Other Current Debt	5 519 000	4 883 000	6 211 000	7 715 000
Total Current Debt	13 066 000	15 728 000	16 254 000	20 067 000
Total Equity and Debt	86 648 000	94 419 000	98 212 000	101 619 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−18,71 %	−3,19 %	2,06 %	−2,27 %
Debt-to-Equity Ratio	2,77	2,4	2,38	2,39
Operating Profit Margin	−4,55 %	1,37 %	2,2 %	0,63 %
Current Ratio	1,22	1,4	1,25	1,38
Quick Ratio	1,33	1,56	1,36	1,58
Equity Ratio	0,23	0,25	0,25	0,24
Gross Profit Margin	74,29 %	72,49 %	68,93 %	65,67 %