VESTERELVJENTA AS

9840 VARANGERBOTN

Finances

Return on Equity

−6,81 %

Current Ratio

0,43

Debt-to-Equity Ratio

3,73

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 254 000	1 106 000	800 000	1 138 000
Net Income	−42 000	133 000	46 000	21 000
Total Assets	3 420 000	3 825 000	3 843 000	4 234 000
Total Equity	617 000	659 000	527 000	480 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 254 000	1 106 000	800 000	1 138 000
Expenditure	1 221 000	863 000	632 000	981 000
Operating Profit	34 000	243 000	168 000	157 000
Financial Income	0	0	0	1 000
Financial Costs	65 000	53 000	92 000	128 000
Financial Balance	−65 000	−53 000	−92 000	−127 000
Earnings Before Tax	−31 000	190 000	76 000	29 000
Tax	11 000	57 000	30 000	9 000
Net Income	−42 000	133 000	46 000	21 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 204 000	3 499 000	3 665 000	3 560 000
Total Current Assets	216 000	326 000	178 000	674 000
Total Assets	3 420 000	3 825 000	3 843 000	4 234 000
Total Retained Equity	517 000	559 000	427 000	380 000
Total Equity	617 000	659 000	527 000	480 000
Total Long-Term Debt	2 299 000	2 572 000	2 735 000	3 017 000
Total Current Debt	504 000	594 000	581 000	736 000
Total Equity and Debt	3 420 000	3 825 000	3 843 000	4 234 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 072 000	848 000	745 000	906 000
Other Income	182 000	258 000	56 000	232 000
Revenue	1 254 000	1 106 000	800 000	1 138 000
Cost of Goods Sold	166 000	116 000	103 000	318 000
Salary Costs	132 000	48 000	24 000	0
Depreciation	296 000	291 000	271 000	256 000
Impairment	0	0	0	0
Expenditure	1 221 000	863 000	632 000	981 000
Operating Profit	34 000	243 000	168 000	157 000
Financial Income	0	0	0	1 000
Financial Costs	65 000	53 000	92 000	128 000
Financial Balance	−65 000	−53 000	−92 000	−127 000
Dividends	0	0	0	0
Net Income	−42 000	133 000	46 000	21 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 182 000	3 469 000	3 658 000	3 550 000
Machinery and Plant Facilities	22 000	26 000	0	0
Fixtures	0	4 000	7 000	11 000
Total Tangible Assets	3 204 000	3 499 000	3 665 000	3 560 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 204 000	3 499 000	3 665 000	3 560 000
Stock	0	0	0	0
Total Investments	5 000	5 000	5 000	5 000
Cash, Bank	145 000	243 000	66 000	511 000
Total Current Assets	216 000	326 000	178 000	674 000
Total Assets	3 420 000	3 825 000	3 843 000	4 234 000
Total Equity	617 000	659 000	527 000	480 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 299 000	2 572 000	2 735 000	3 017 000
Creditors	43 000	14 000	125 000	276 000
Unpaid Taxes	37 000	2 000	0	0
Dividends	0	0	0	0
Other Current Debt	413 000	521 000	426 000	452 000
Total Current Debt	504 000	594 000	581 000	736 000
Total Equity and Debt	3 420 000	3 825 000	3 843 000	4 234 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,81 %	20,18 %	8,73 %	4,38 %
Debt-to-Equity Ratio	3,73	3,9	5,19	6,29
Operating Profit Margin	2,71 %	21,97 %	21 %	13,8 %
Current Ratio	0,43	0,55	0,31	0,92
Quick Ratio	0,43	0,55	0,31	0,92
Equity Ratio	0,18	0,17	0,14	0,11
Gross Profit Margin	86,76 %	89,51 %	87,13 %	72,06 %