VASSNESSET 1 AS

7130 BREKSTAD

Finances

Share Ownership

Return on Equity

16,45 %

Current Ratio

Debt-to-Equity Ratio

2,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 037 000	1 795 000	2 149 000	2 109 000
Net Income	645 000	575 000	820 000	743 000
Total Assets	15 260 000	15 077 000	14 942 000	14 613 000
Total Equity	3 921 000	3 276 000	2 700 000	1 880 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 037 000	1 795 000	2 149 000	2 109 000
Expenditure	760 000	731 000	728 000	727 000
Operating Profit	1 278 000	1 065 000	1 420 000	1 382 000
Financial Income	38 000	0	27 000	25 000
Financial Costs	489 000	328 000	373 000	500 000
Financial Balance	−451 000	−328 000	−346 000	−475 000
Earnings Before Tax	827 000	737 000	1 074 000	907 000
Tax	182 000	162 000	254 000	164 000
Net Income	645 000	575 000	820 000	743 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 049 000	12 378 000	12 723 000	13 101 000
Total Current Assets	3 211 000	2 699 000	2 219 000	1 512 000
Total Assets	15 260 000	15 077 000	14 942 000	14 613 000
Total Retained Equity	2 904 000	2 259 000	1 683 000	863 000
Total Equity	3 921 000	3 276 000	2 700 000	1 880 000
Total Long-Term Debt	10 880 000	11 377 000	11 923 000	12 417 000
Total Current Debt	459 000	425 000	318 000	317 000
Total Equity and Debt	15 260 000	15 077 000	14 942 000	14 614 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	2 109 000
Other Income	2 037 000	1 795 000	2 149 000	0
Revenue	2 037 000	1 795 000	2 149 000	2 109 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	383 000	381 000	379 000	379 000
Impairment	0	0	0	0
Expenditure	760 000	731 000	728 000	727 000
Operating Profit	1 278 000	1 065 000	1 420 000	1 382 000
Financial Income	38 000	0	27 000	25 000
Financial Costs	489 000	328 000	373 000	500 000
Financial Balance	−451 000	−328 000	−346 000	−475 000
Dividends	0	0	0	0
Net Income	645 000	575 000	820 000	743 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	12 049 000	12 378 000	12 723 000	13 101 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	12 049 000	12 378 000	12 723 000	13 101 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	12 049 000	12 378 000	12 723 000	13 101 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 169 000	2 668 000	2 301 000	1 353 000
Total Current Assets	3 211 000	2 699 000	2 219 000	1 512 000
Total Assets	15 260 000	15 077 000	14 942 000	14 613 000
Total Equity	3 921 000	3 276 000	2 700 000	1 880 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 880 000	11 377 000	11 923 000	12 417 000
Creditors	21 000	24 000	20 000	93 000
Unpaid Taxes	63 000	83 000	58 000	52 000
Dividends	0	0	0	0
Other Current Debt	201 000	169 000	24 000	0
Total Current Debt	459 000	425 000	318 000	317 000
Total Equity and Debt	15 260 000	15 077 000	14 942 000	14 614 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,45 %	17,55 %	30,37 %	39,52 %
Debt-to-Equity Ratio	2,77	3,47	4,42	6,6
Operating Profit Margin	62,74 %	59,33 %	66,08 %	65,53 %
Current Ratio	7	6,35	6,98	4,77
Quick Ratio	7	6,35	6,98	4,77
Equity Ratio	0,26	0,22	0,18	0,13
Gross Profit Margin	100 %	100 %	100 %	100 %