VESTERAALENS HERMETIKFABRIK AS

8400 SORTLAND

Finances

Return on Equity

−24,79 %

Current Ratio

0,72

Debt-to-Equity Ratio

3,95

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 363 000	15 499 000	10 400 000	5 200 000
Net Income	−11 198 000	−18 712 000	−2 400 000	−1 312 000
Total Assets	225 932 000	244 851 000	288 500 000	280 109 000
Total Equity	45 177 000	56 375 000	75 087 000	77 487 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 363 000	15 499 000	10 400 000	5 200 000
Expenditure	18 170 000	30 209 000	6 015 000	4 243 000
Operating Profit	−4 807 000	−14 708 000	4 385 000	957 000
Financial Income	1 120 000	51 000	642 000	188 000
Financial Costs	7 510 000	4 055 000	7 427 000	2 457 000
Financial Balance	−6 390 000	−4 004 000	−6 785 000	−2 269 000
Earnings Before Tax	−11 198 000	−18 712 000	−2 400 000	−1 312 000
Tax	0	0	0	0
Net Income	−11 198 000	−18 712 000	−2 400 000	−1 312 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	224 162 000	242 216 000	286 480 000	278 050 000
Total Current Assets	1 770 000	2 635 000	2 020 000	2 059 000
Total Assets	225 932 000	244 851 000	288 500 000	280 109 000
Total Retained Equity	−34 823 000	−23 625 000	−4 913 000	−2 513 000
Total Equity	45 177 000	56 375 000	75 087 000	77 487 000
Total Long-Term Debt	178 306 000	123 907 000	209 556 000	185 672 000
Total Current Debt	2 448 000	13 416 000	3 857 000	16 951 000
Total Equity and Debt	225 932 000	244 851 000	288 500 000	280 109 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	−1 037 000	3 499 000	8 000 000	1 200 000
Other Income	14 400 000	12 000 000	2 400 000	4 000 000
Revenue	13 363 000	15 499 000	10 400 000	5 200 000
Cost of Goods Sold	205 000	0	0	0
Salary Costs	0	0	72 000	84 000
Depreciation	15 089 000	14 245 000	4 274 000	1 861 000
Impairment	0	11 316 000	0	163 000
Expenditure	18 170 000	30 209 000	6 015 000	4 243 000
Operating Profit	−4 807 000	−14 708 000	4 385 000	957 000
Financial Income	1 120 000	51 000	642 000	188 000
Financial Costs	7 510 000	4 055 000	7 427 000	2 457 000
Financial Balance	−6 390 000	−4 004 000	−6 785 000	−2 269 000
Dividends	0	0	0	0
Net Income	−11 198 000	−18 712 000	−2 400 000	−1 312 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	145 659 000	152 863 000	148 181 000	145 056 000
Machinery and Plant Facilities	78 154 000	88 862 000	135 166 000	130 192 000
Fixtures	79 000	113 000	368 000	488 000
Total Tangible Assets	223 892 000	241 838 000	283 715 000	275 736 000
Total Fiancial Fixed Assets	270 000	379 000	2 765 000	2 315 000
Total Fixed Assets	224 162 000	242 216 000	286 480 000	278 050 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	48 000	574 000	118 000	140 000
Total Current Assets	1 770 000	2 635 000	2 020 000	2 059 000
Total Assets	225 932 000	244 851 000	288 500 000	280 109 000
Total Equity	45 177 000	56 375 000	75 087 000	77 487 000
Short-Term Group Debt	0	0	0	905 000
Total Long-Term Debt	178 306 000	123 907 000	209 556 000	185 672 000
Creditors	1 123 000	12 562 000	3 566 000	15 244 000
Unpaid Taxes	0	0	0	37 000
Dividends	0	0	0	0
Other Current Debt	1 326 000	853 000	291 000	764 000
Total Current Debt	2 448 000	13 416 000	3 857 000	16 951 000
Total Equity and Debt	225 932 000	244 851 000	288 500 000	280 109 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−24,79 %	−33,19 %	−3,2 %	−1,69 %
Debt-to-Equity Ratio	3,95	2,2	2,79	2,4
Operating Profit Margin	−35,97 %	−94,9 %	42,16 %	18,4 %
Current Ratio	0,72	0,2	0,52	0,12
Quick Ratio	0,72	0,2	0,52	0,12
Equity Ratio	0,2	0,23	0,26	0,28
Gross Profit Margin	98,47 %	100 %	100 %	100 %