MORTEN VASSVIK AS

4375 HELLVIK

Finances

Share Ownership

Return on Equity

385 %

Current Ratio

0,94

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 287 000	712 000	717 000	424 000
Net Income	385 000	779 000	231 000	−18 000
Total Assets	718 000	929 000	361 000	66 000
Total Equity	100 000	164 000	36 000	5 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 287 000	712 000	717 000	424 000
Expenditure	1 303 000	696 000	723 000	440 000
Operating Profit	−16 000	16 000	−6 000	−17 000
Financial Income	408 000	766 000	242 000	0
Financial Costs	9 000	1 000	5 000	1 000
Financial Balance	399 000	765 000	237 000	−1 000
Earnings Before Tax	383 000	781 000	231 000	−18 000
Tax	−2 000	3 000	0	0
Net Income	385 000	779 000	231 000	−18 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	135 000	26 000	17 000	4 000
Total Current Assets	583 000	903 000	344 000	62 000
Total Assets	718 000	929 000	361 000	66 000
Total Retained Equity	70 000	134 000	6 000	−20 000
Total Equity	100 000	164 000	36 000	5 000
Total Long-Term Debt	0	2 000	0	0
Total Current Debt	619 000	763 000	326 000	61 000
Total Equity and Debt	718 000	929 000	361 000	66 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 287 000	712 000	717 000	411 000
Other Income	0	0	0	13 000
Revenue	1 287 000	712 000	717 000	424 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 075 000	658 000	694 000	404 000
Depreciation	39 000	7 000	2 000	0
Impairment	0	0	0	0
Expenditure	1 303 000	696 000	723 000	440 000
Operating Profit	−16 000	16 000	−6 000	−17 000
Financial Income	408 000	766 000	242 000	0
Financial Costs	9 000	1 000	5 000	1 000
Financial Balance	399 000	765 000	237 000	−1 000
Dividends	450 000	650 000	200 000	0
Net Income	385 000	779 000	231 000	−18 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	131 000	22 000	14 000	0
Total Tangible Assets	131 000	22 000	14 000	0
Total Fiancial Fixed Assets	4 000	4 000	4 000	4 000
Total Fixed Assets	135 000	26 000	17 000	4 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	583 000	903 000	340 000	62 000
Total Current Assets	583 000	903 000	344 000	62 000
Total Assets	718 000	929 000	361 000	66 000
Total Equity	100 000	164 000	36 000	5 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	2 000	0	0
Creditors	0	0	0	0
Unpaid Taxes	69 000	51 000	61 000	20 000
Dividends	450 000	650 000	200 000	0
Other Current Debt	99 000	61 000	64 000	41 000
Total Current Debt	619 000	763 000	326 000	61 000
Total Equity and Debt	718 000	929 000	361 000	66 000

Financial indicators	2022	2021	2020	2019
Return on Equity	385 %	475 %	641,67 %	−360 %
Debt-to-Equity Ratio	0	0,01	0	0
Operating Profit Margin	−1,24 %	2,25 %	−0,84 %	−4,01 %
Current Ratio	0,94	1,18	1,06	1,02
Quick Ratio	0,94	1,18	1,06	1,02
Equity Ratio	0,14	0,18	0,1	0,08
Gross Profit Margin	100 %	100 %	100 %	100 %