AS VAAGEN 9

4006 STAVANGER

Finances

Share Ownership

Return on Equity

5,9 %

Current Ratio

0,44

Debt-to-Equity Ratio

−1,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	699 000	597 000
Net Income	−1 034 000	−934 000	−413 000	−528 000
Total Assets	11 122 000	6 819 000	1 543 000	333 000
Total Equity	−17 529 000	−19 785 000	−18 850 000	−18 881 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	699 000	597 000
Expenditure	224 000	143 000	379 000	243 000
Operating Profit	−224 000	−143 000	320 000	354 000
Financial Income	3 000	0	0	5 000
Financial Costs	1 815 000	1 055 000	859 000	910 000
Financial Balance	−1 812 000	−1 055 000	−859 000	−905 000
Earnings Before Tax	−2 037 000	−1 198 000	−539 000	−551 000
Tax	−1 002 000	−264 000	−125 000	−23 000
Net Income	−1 034 000	−934 000	−413 000	−528 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 477 000	4 964 000	772 000	20 000
Total Current Assets	4 645 000	1 855 000	771 000	313 000
Total Assets	11 122 000	6 819 000	1 543 000	333 000
Total Retained Equity	−17 559 000	−18 880 000	−19 325 000	−18 911 000
Total Equity	−17 529 000	−19 785 000	−18 850 000	−18 881 000
Total Long-Term Debt	18 088 000	18 088 000	18 088 000	18 088 000
Total Current Debt	10 563 000	8 516 000	2 306 000	1 126 000
Total Equity and Debt	11 122 000	6 819 000	1 543 000	333 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	699 000	597 000
Revenue	0	0	699 000	597 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	224 000	143 000	379 000	243 000
Operating Profit	−224 000	−143 000	320 000	354 000
Financial Income	3 000	0	0	5 000
Financial Costs	1 815 000	1 055 000	859 000	910 000
Financial Balance	−1 812 000	−1 055 000	−859 000	−905 000
Dividends	0	0	0	0
Net Income	−1 034 000	−934 000	−413 000	−528 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	20 000	20 000	20 000	20 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	6 458 000	4 945 000	753 000	0
Total Tangible Assets	6 477 000	4 964 000	772 000	20 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	6 477 000	4 964 000	772 000	20 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	53 000	50 000	46 000	200 000
Total Current Assets	4 645 000	1 855 000	771 000	313 000
Total Assets	11 122 000	6 819 000	1 543 000	333 000
Total Equity	−17 529 000	−19 785 000	−18 850 000	−18 881 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	18 088 000	18 088 000	18 088 000	18 088 000
Creditors	949 000	58 000	174 000	7 000
Unpaid Taxes	0	0	0	31 000
Dividends	0	0	0	0
Other Current Debt	9 614 000	8 457 000	845 000	1 088 000
Total Current Debt	10 563 000	8 516 000	2 306 000	1 126 000
Total Equity and Debt	11 122 000	6 819 000	1 543 000	333 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,9 %	4,72 %	2,19 %	2,8 %
Debt-to-Equity Ratio	−1,03	−0,91	−0,96	−0,96
Operating Profit Margin	-	-	45,78 %	59,3 %
Current Ratio	0,44	0,22	0,33	0,28
Quick Ratio	0,44	0,22	0,33	0,28
Equity Ratio	−1,58	−2,9	−12,22	−56,7
Gross Profit Margin	-	-	100 %	100 %