V. VASSGÅRD AS

6530 AVERØY

Finances

Share Ownership

Return on Equity

13,76 %

Current Ratio

1,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 810 000	573 000	881 000	1 426 000
Net Income	26 000	52 000	8 000	−18 000
Total Assets	406 000	327 000	176 000	288 000
Total Equity	189 000	163 000	111 000	102 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 810 000	573 000	881 000	1 426 000
Expenditure	1 775 000	517 000	874 000	1 446 000
Operating Profit	34 000	57 000	6 000	−21 000
Financial Income	3 000	2 000	2 000	2 000
Financial Costs	0	0	0	0
Financial Balance	3 000	2 000	2 000	2 000
Earnings Before Tax	37 000	59 000	8 000	−18 000
Tax	11 000	7 000	0	0
Net Income	26 000	52 000	8 000	−18 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	11 000	22 000	34 000
Total Current Assets	406 000	315 000	154 000	255 000
Total Assets	406 000	327 000	176 000	288 000
Total Retained Equity	138 000	112 000	60 000	51 000
Total Equity	189 000	163 000	111 000	102 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	217 000	164 000	66 000	186 000
Total Equity and Debt	406 000	327 000	176 000	288 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 809 000	573 000	881 000	1 421 000
Other Income	1 000	1 000	0	4 000
Revenue	1 810 000	573 000	881 000	1 426 000
Cost of Goods Sold	1 113 000	347 000	543 000	759 000
Salary Costs	462 000	25 000	204 000	427 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 775 000	517 000	874 000	1 446 000
Operating Profit	34 000	57 000	6 000	−21 000
Financial Income	3 000	2 000	2 000	2 000
Financial Costs	0	0	0	0
Financial Balance	3 000	2 000	2 000	2 000
Dividends	0	0	0	0
Net Income	26 000	52 000	8 000	−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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	11 000	22 000	34 000
Total Fixed Assets	0	11 000	22 000	34 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	263 000	145 000	63 000	129 000
Total Current Assets	406 000	315 000	154 000	255 000
Total Assets	406 000	327 000	176 000	288 000
Total Equity	189 000	163 000	111 000	102 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	70 000	71 000	42 000	61 000
Unpaid Taxes	71 000	78 000	4 000	44 000
Dividends	0	0	0	0
Other Current Debt	66 000	8 000	20 000	81 000
Total Current Debt	217 000	164 000	66 000	186 000
Total Equity and Debt	406 000	327 000	176 000	288 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,76 %	31,9 %	7,21 %	−17,65 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,88 %	9,95 %	0,68 %	−1,47 %
Current Ratio	1,87	1,92	2,33	1,37
Quick Ratio	1,87	1,92	2,33	1,37
Equity Ratio	0,47	0,5	0,63	0,35
Gross Profit Margin	38,51 %	39,44 %	38,37 %	46,77 %