ÅSE-VØLLESTAD SKOGEN AS

3750 DRANGEDAL

Finances

Share Ownership

Return on Equity

−7,25 %

Current Ratio

5,17

Debt-to-Equity Ratio

0,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 280 000	3 740 000	3 180 000	1 085 000
Net Income	−3 838 000	−3 496 000	−3 297 000	−24 000
Total Assets	68 753 000	80 419 000	83 555 000	3 832 000
Total Equity	52 914 000	56 752 000	60 248 000	2 833 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 280 000	3 740 000	3 180 000	1 085 000
Expenditure	8 320 000	7 381 000	6 465 000	1 143 000
Operating Profit	−4 039 000	−3 641 000	−3 285 000	−59 000
Financial Income	201 000	146 000	2 000	35 000
Financial Costs	0	1 000	13 000	0
Financial Balance	201 000	145 000	−11 000	35 000
Earnings Before Tax	−3 838 000	−3 496 000	−3 297 000	−24 000
Tax	0	0	0	0
Net Income	−3 838 000	−3 496 000	−3 297 000	−24 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	64 414 000	75 867 000	80 476 000	3 577 000
Total Current Assets	4 339 000	4 552 000	3 079 000	255 000
Total Assets	68 753 000	80 419 000	83 555 000	3 832 000
Total Retained Equity	0	0	0	86 000
Total Equity	52 914 000	56 752 000	60 248 000	2 833 000
Total Long-Term Debt	15 000 000	23 000 000	22 818 000	0
Total Current Debt	839 000	667 000	489 000	1 000 000
Total Equity and Debt	68 753 000	80 419 000	83 555 000	3 832 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 026 000	1 803 000	1 549 000	983 000
Other Income	2 254 000	1 937 000	1 630 000	101 000
Revenue	4 280 000	3 740 000	3 180 000	1 085 000
Cost of Goods Sold	1 066 000	855 000	599 000	0
Salary Costs	1 904 000	1 665 000	1 631 000	0
Depreciation	2 902 000	2 827 000	2 564 000	304 000
Impairment	0	0	0	0
Expenditure	8 320 000	7 381 000	6 465 000	1 143 000
Operating Profit	−4 039 000	−3 641 000	−3 285 000	−59 000
Financial Income	201 000	146 000	2 000	35 000
Financial Costs	0	1 000	13 000	0
Financial Balance	201 000	145 000	−11 000	35 000
Dividends	0	0	0	0
Net Income	−3 838 000	−3 496 000	−3 297 000	−24 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	62 100 000	73 280 000	78 144 000	2 610 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 171 000	2 463 000	2 247 000	967 000
Total Tangible Assets	64 271 000	75 744 000	80 391 000	3 577 000
Total Fiancial Fixed Assets	143 000	124 000	85 000	0
Total Fixed Assets	64 414 000	75 867 000	80 476 000	3 577 000
Stock	1 043 000	1 118 000	1 000 000	0
Total Investments	0	0	0	0
Cash, Bank	2 579 000	3 207 000	1 847 000	70 000
Total Current Assets	4 339 000	4 552 000	3 079 000	255 000
Total Assets	68 753 000	80 419 000	83 555 000	3 832 000
Total Equity	52 914 000	56 752 000	60 248 000	2 833 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	15 000 000	23 000 000	22 818 000	0
Creditors	358 000	56 000	117 000	33 000
Unpaid Taxes	173 000	251 000	171 000	0
Dividends	0	0	0	0
Other Current Debt	308 000	361 000	201 000	966 000
Total Current Debt	839 000	667 000	489 000	1 000 000
Total Equity and Debt	68 753 000	80 419 000	83 555 000	3 832 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−7,25 %	−6,16 %	−5,47 %	−0,85 %
Debt-to-Equity Ratio	0,28	0,41	0,38	0
Operating Profit Margin	−94,37 %	−97,35 %	−103,3 %	−5,44 %
Current Ratio	5,17	6,82	6,3	0,26
Quick Ratio	−21,27	−10,09	−6,03	0,26
Equity Ratio	0,77	0,71	0,72	0,74
Gross Profit Margin	75,09 %	77,14 %	81,16 %	100 %