VESTGLANS AS

5384 TORANGSVÅG

Finances

Return on Equity

−9,32 %

Current Ratio

0,4

Debt-to-Equity Ratio

0,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	717 000	871 000	659 000	684 000
Net Income	−3 286 000	−15 796 000	4 035 000	12 000
Total Assets	45 605 000	46 886 000	29 860 000	10 419 000
Total Equity	35 243 000	40 229 000	6 195 000	2 159 000

Income (NOK)	2022	2021	2020	2019
Revenue	717 000	871 000	659 000	684 000
Expenditure	3 973 000	15 222 000	796 000	516 000
Operating Profit	−3 256 000	−14 351 000	−137 000	169 000
Financial Income	340 000	907 000	4 293 000	1 000
Financial Costs	370 000	2 353 000	168 000	156 000
Financial Balance	−30 000	−1 446 000	4 125 000	−155 000
Earnings Before Tax	−3 286 000	−15 796 000	3 989 000	15 000
Tax	0	0	−47 000	3 000
Net Income	−3 286 000	−15 796 000	4 035 000	12 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	43 815 000	43 064 000	25 965 000	9 968 000
Total Current Assets	1 790 000	3 821 000	3 895 000	451 000
Total Assets	45 605 000	46 886 000	29 860 000	10 419 000
Total Retained Equity	29 753 000	34 738 000	5 586 000	1 551 000
Total Equity	35 243 000	40 229 000	6 195 000	2 159 000
Total Long-Term Debt	5 874 000	6 364 000	2 923 000	3 330 000
Total Current Debt	4 488 000	293 000	20 743 000	4 931 000
Total Equity and Debt	45 605 000	46 886 000	29 860 000	10 419 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	647 000	687 000	598 000	684 000
Other Income	70 000	184 000	62 000	0
Revenue	717 000	871 000	659 000	684 000
Cost of Goods Sold	−10 000	23 000	0	3 000
Salary Costs	0	254 000	0	0
Depreciation	335 000	363 000	342 000	293 000
Impairment	0	0	0	0
Expenditure	3 973 000	15 222 000	796 000	516 000
Operating Profit	−3 256 000	−14 351 000	−137 000	169 000
Financial Income	340 000	907 000	4 293 000	1 000
Financial Costs	370 000	2 353 000	168 000	156 000
Financial Balance	−30 000	−1 446 000	4 125 000	−155 000
Dividends	1 700 000	0	0	0
Net Income	−3 286 000	−15 796 000	4 035 000	12 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	10 504 000	10 443 000	8 092 000	8 248 000
Machinery and Plant Facilities	0	0	35 000	0
Fixtures	1 146 000	1 212 000	1 191 000	542 000
Total Tangible Assets	12 100 000	12 198 000	9 954 000	9 519 000
Total Fiancial Fixed Assets	31 715 000	30 866 000	16 011 000	449 000
Total Fixed Assets	43 815 000	43 064 000	25 965 000	9 968 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	73 000	2 025 000	140 000	332 000
Total Current Assets	1 790 000	3 821 000	3 895 000	451 000
Total Assets	45 605 000	46 886 000	29 860 000	10 419 000
Total Equity	35 243 000	40 229 000	6 195 000	2 159 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 874 000	6 364 000	2 923 000	3 330 000
Creditors	315 000	158 000	59 000	0
Unpaid Taxes	0	81 000	0	0
Dividends	1 700 000	0	0	0
Other Current Debt	2 473 000	54 000	20 684 000	4 931 000
Total Current Debt	4 488 000	293 000	20 743 000	4 931 000
Total Equity and Debt	45 605 000	46 886 000	29 860 000	10 419 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,32 %	−39,27 %	65,13 %	0,56 %
Debt-to-Equity Ratio	0,17	0,16	0,47	1,54
Operating Profit Margin	−454,11 %	−1 647,65 %	−20,79 %	24,71 %
Current Ratio	0,4	13,04	0,19	0,09
Quick Ratio	0,4	13,04	0,19	0,09
Equity Ratio	0,77	0,86	0,21	0,21
Gross Profit Margin	101,39 %	97,36 %	100 %	99,56 %