VESTERÅLEN MARINE & FRITID AS

8475 STRAUMSJØEN

Finances

Share Ownership

Return on Equity

50,22 %

Current Ratio

2,6

Debt-to-Equity Ratio

0,51

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 932 000	2 690 000	1 121 000	2 100 000
Net Income	348 000	−156 000	−107 000	147 000
Total Assets	1 261 000	1 177 000	1 148 000	1 389 000
Total Equity	693 000	345 000	501 000	628 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 932 000	2 690 000	1 121 000	2 100 000
Expenditure	2 458 000	2 861 000	1 229 000	1 884 000
Operating Profit	474 000	−171 000	−108 000	217 000
Financial Income	0	0	1 000	0
Financial Costs	27 000	28 000	30 000	27 000
Financial Balance	−27 000	−28 000	−29 000	−27 000
Earnings Before Tax	446 000	−199 000	−138 000	191 000
Tax	98 000	−43 000	−30 000	44 000
Net Income	348 000	−156 000	−107 000	147 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	704 000	692 000	927 000	1 119 000
Total Current Assets	557 000	485 000	221 000	270 000
Total Assets	1 261 000	1 177 000	1 148 000	1 389 000
Total Retained Equity	363 000	15 000	171 000	298 000
Total Equity	693 000	345 000	501 000	628 000
Total Long-Term Debt	354 000	440 000	584 000	474 000
Total Current Debt	214 000	392 000	63 000	287 000
Total Equity and Debt	1 261 000	1 177 000	1 148 000	1 389 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 932 000	2 690 000	1 121 000	2 054 000
Other Income	0	0	0	47 000
Revenue	2 932 000	2 690 000	1 121 000	2 100 000
Cost of Goods Sold	1 749 000	2 179 000	589 000	1 279 000
Salary Costs	109 000	100 000	80 000	1 000
Depreciation	238 000	235 000	244 000	215 000
Impairment	0	0	0	0
Expenditure	2 458 000	2 861 000	1 229 000	1 884 000
Operating Profit	474 000	−171 000	−108 000	217 000
Financial Income	0	0	1 000	0
Financial Costs	27 000	28 000	30 000	27 000
Financial Balance	−27 000	−28 000	−29 000	−27 000
Dividends	0	0	0	0
Net Income	348 000	−156 000	−107 000	147 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	60 000	0	0	0
Machinery and Plant Facilities	363 000	595 000	370 000	615 000
Fixtures	12 000	97 000	557 000	504 000
Total Tangible Assets	704 000	692 000	927 000	1 119 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	704 000	692 000	927 000	1 119 000
Stock	10 000	313 000	6 000	6 000
Total Investments	0	0	0	0
Cash, Bank	428 000	19 000	190 000	114 000
Total Current Assets	557 000	485 000	221 000	270 000
Total Assets	1 261 000	1 177 000	1 148 000	1 389 000
Total Equity	693 000	345 000	501 000	628 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	354 000	440 000	584 000	474 000
Creditors	56 000	42 000	40 000	264 000
Unpaid Taxes	43 000	4 000	11 000	0
Dividends	0	0	0	0
Other Current Debt	37 000	60 000	7 000	17 000
Total Current Debt	214 000	392 000	63 000	287 000
Total Equity and Debt	1 261 000	1 177 000	1 148 000	1 389 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50,22 %	−45,22 %	−21,36 %	23,41 %
Debt-to-Equity Ratio	0,51	1,28	1,17	0,75
Operating Profit Margin	16,17 %	−6,36 %	−9,63 %	10,33 %
Current Ratio	2,6	1,24	3,51	0,94
Quick Ratio	2,73	6,14	3,88	0,96
Equity Ratio	0,55	0,29	0,44	0,45
Gross Profit Margin	40,35 %	19 %	47,46 %	39,1 %