VASSET INDUSTRI AS

6036 MAUSEIDVÅG

Finances

Share Ownership

Return on Equity

−2,22 %

Current Ratio

2,01

Debt-to-Equity Ratio

0,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	957 000	1 582 000	1 389 000	1 632 000
Net Income	−43 000	−522 000	−508 000	−92 000
Total Assets	3 448 000	2 240 000	5 443 000	5 941 000
Total Equity	1 941 000	1 496 000	5 156 000	5 664 000

Income (NOK)	2022	2021	2020	2019
Revenue	957 000	1 582 000	1 389 000	1 632 000
Expenditure	999 000	2 096 000	1 869 000	1 725 000
Operating Profit	−42 000	−514 000	−480 000	−93 000
Financial Income	0	0	25 000	13 000
Financial Costs	0	8 000	53 000	13 000
Financial Balance	0	−8 000	−28 000	0
Earnings Before Tax	−43 000	−522 000	−508 000	−93 000
Tax	0	0	0	−1 000
Net Income	−43 000	−522 000	−508 000	−92 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 494 000	1 928 000	1 683 000	1 758 000
Total Current Assets	954 000	313 000	3 760 000	4 182 000
Total Assets	3 448 000	2 240 000	5 443 000	5 941 000
Total Retained Equity	561 000	496 000	4 156 000	4 664 000
Total Equity	1 941 000	1 496 000	5 156 000	5 664 000
Total Long-Term Debt	1 033 000	0	0	0
Total Current Debt	474 000	744 000	287 000	277 000
Total Equity and Debt	3 448 000	2 240 000	5 443 000	5 941 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	45 000	1 578 000	1 389 000	1 569 000
Other Income	912 000	4 000	0	63 000
Revenue	957 000	1 582 000	1 389 000	1 632 000
Cost of Goods Sold	4 000	1 204 000	984 000	646 000
Salary Costs	3 000	50 000	91 000	158 000
Depreciation	64 000	86 000	103 000	112 000
Impairment	0	19 000	0	0
Expenditure	999 000	2 096 000	1 869 000	1 725 000
Operating Profit	−42 000	−514 000	−480 000	−93 000
Financial Income	0	0	25 000	13 000
Financial Costs	0	8 000	53 000	13 000
Financial Balance	0	−8 000	−28 000	0
Dividends	0	3 137 000	0	0
Net Income	−43 000	−522 000	−508 000	−92 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 130 000	1 928 000	1 409 000	1 434 000
Machinery and Plant Facilities	84 000	0	26 000	0
Fixtures	280 000	0	247 000	324 000
Total Tangible Assets	2 494 000	1 928 000	1 683 000	1 758 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 494 000	1 928 000	1 683 000	1 758 000
Stock	0	0	1 563 000	1 429 000
Total Investments	0	0	0	0
Cash, Bank	140 000	17 000	2 045 000	2 592 000
Total Current Assets	954 000	313 000	3 760 000	4 182 000
Total Assets	3 448 000	2 240 000	5 443 000	5 941 000
Total Equity	1 941 000	1 496 000	5 156 000	5 664 000
Short-Term Group Debt	0	0	5 000	13 000
Total Long-Term Debt	1 033 000	0	0	0
Creditors	138 000	619 000	33 000	55 000
Unpaid Taxes	9 000	2 000	91 000	118 000
Dividends	0	3 137 000	0	0
Other Current Debt	328 000	123 000	157 000	90 000
Total Current Debt	474 000	744 000	287 000	277 000
Total Equity and Debt	3 448 000	2 240 000	5 443 000	5 941 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,22 %	−34,89 %	−9,85 %	−1,62 %
Debt-to-Equity Ratio	0,53	0	0	0
Operating Profit Margin	−4,39 %	−32,49 %	−34,56 %	−5,7 %
Current Ratio	2,01	0,42	13,1	15,1
Quick Ratio	2,01	0,42	−2,95	−3,63
Equity Ratio	0,56	0,67	0,95	0,95
Gross Profit Margin	99,58 %	23,89 %	29,16 %	60,42 %