VOLLVAAGEN APARTMENTS SMØLA AS

6570 SMØLA

Finances

Share Ownership

Return on Equity

−297,64 %

Current Ratio

1,44

Debt-to-Equity Ratio

8,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	432 000	263 000	0	0
Net Income	−1 009 000	−755 000	44 000	3 000
Total Assets	3 585 000	3 083 000	0	7 000
Total Equity	339 000	197 000	−6 148 000	−6 192 000

Income (NOK)	2022	2021	2020	2019
Revenue	432 000	263 000	0	0
Expenditure	1 726 000	1 552 000	−44 000	−3 000
Operating Profit	−1 293 000	−1 289 000	44 000	3 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−1 293 000	−1 289 000	44 000	3 000
Tax	−284 000	−534 000	0	0
Net Income	−1 009 000	−755 000	44 000	3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 193 000	2 642 000	0	0
Total Current Assets	392 000	441 000	0	7 000
Total Assets	3 585 000	3 083 000	0	7 000
Total Retained Equity	−8 011 000	−7 003 000	−6 248 000	−6 292 000
Total Equity	339 000	197 000	−6 148 000	−6 192 000
Total Long-Term Debt	2 974 000	2 615 000	6 148 000	6 136 000
Total Current Debt	273 000	270 000	0	63 000
Total Equity and Debt	3 585 000	3 083 000	0	7 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	378 000	263 000	0	0
Other Income	54 000	0	0	0
Revenue	432 000	263 000	0	0
Cost of Goods Sold	55 000	17 000	0	0
Salary Costs	305 000	283 000	−31 000	0
Depreciation	115 000	73 000	0	0
Impairment	0	0	0	0
Expenditure	1 726 000	1 552 000	−44 000	−3 000
Operating Profit	−1 293 000	−1 289 000	44 000	3 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−1 009 000	−755 000	44 000	3 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	818 000	534 000	0	0
Real Eastate	1 864 000	1 835 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	136 000	168 000	0	0
Total Tangible Assets	2 093 000	2 108 000	0	0
Total Fiancial Fixed Assets	282 000	0	0	0
Total Fixed Assets	3 193 000	2 642 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	156 000	212 000	0	7 000
Total Current Assets	392 000	441 000	0	7 000
Total Assets	3 585 000	3 083 000	0	7 000
Total Equity	339 000	197 000	−6 148 000	−6 192 000
Short-Term Group Debt	162 000	199 000	0	0
Total Long-Term Debt	2 974 000	2 615 000	6 148 000	6 136 000
Creditors	73 000	40 000	0	33 000
Unpaid Taxes	2 000	18 000	0	4 000
Dividends	0	0	0	0
Other Current Debt	35 000	13 000	0	27 000
Total Current Debt	273 000	270 000	0	63 000
Total Equity and Debt	3 585 000	3 083 000	0	7 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−297,64 %	−383,25 %	−0,72 %	−0,05 %
Debt-to-Equity Ratio	8,77	13,27	−1	−0,99
Operating Profit Margin	−299,31 %	−490,11 %	-	-
Current Ratio	1,44	1,63	-	0,11
Quick Ratio	1,44	1,63	-	0,11
Equity Ratio	0,09	0,06	-	−884,57
Gross Profit Margin	87,27 %	93,54 %	-	-