VASSVIK AS

5750 ODDA

Finances

Share Ownership

Return on Equity

1,94 %

Current Ratio

3,3

Debt-to-Equity Ratio

0,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	247 000	436 000	295 000	128 000
Net Income	36 000	307 000	197 000	57 000
Total Assets	2 458 000	2 565 000	2 295 000	2 127 000
Total Equity	1 859 000	1 824 000	1 517 000	1 320 000

Income (NOK)	2022	2021	2020	2019
Revenue	247 000	436 000	295 000	128 000
Expenditure	181 000	16 000	16 000	19 000
Operating Profit	66 000	420 000	279 000	109 000
Financial Income	0	0	0	0
Financial Costs	19 000	25 000	25 000	35 000
Financial Balance	−19 000	−25 000	−25 000	−35 000
Earnings Before Tax	47 000	394 000	253 000	74 000
Tax	11 000	88 000	57 000	17 000
Net Income	36 000	307 000	197 000	57 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 596 000	1 606 000	1 616 000	1 626 000
Total Current Assets	862 000	959 000	679 000	501 000
Total Assets	2 458 000	2 565 000	2 295 000	2 127 000
Total Retained Equity	859 000	823 000	516 000	320 000
Total Equity	1 859 000	1 824 000	1 517 000	1 320 000
Total Long-Term Debt	338 000	403 000	465 000	522 000
Total Current Debt	261 000	338 000	312 000	285 000
Total Equity and Debt	2 458 000	2 565 000	2 295 000	2 127 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	247 000	436 000	295 000	128 000
Other Income	0	0	0	0
Revenue	247 000	436 000	295 000	128 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	10 000	10 000	10 000	10 000
Impairment	0	0	0	0
Expenditure	181 000	16 000	16 000	19 000
Operating Profit	66 000	420 000	279 000	109 000
Financial Income	0	0	0	0
Financial Costs	19 000	25 000	25 000	35 000
Financial Balance	−19 000	−25 000	−25 000	−35 000
Dividends	0	0	0	0
Net Income	36 000	307 000	197 000	57 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 596 000	1 606 000	1 616 000	1 626 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 596 000	1 606 000	1 616 000	1 626 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 596 000	1 606 000	1 616 000	1 626 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	862 000	959 000	679 000	501 000
Total Current Assets	862 000	959 000	679 000	501 000
Total Assets	2 458 000	2 565 000	2 295 000	2 127 000
Total Equity	1 859 000	1 824 000	1 517 000	1 320 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	338 000	403 000	465 000	522 000
Creditors	48 000	0	4 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	201 000	250 000	252 000	268 000
Total Current Debt	261 000	338 000	312 000	285 000
Total Equity and Debt	2 458 000	2 565 000	2 295 000	2 127 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,94 %	16,83 %	12,99 %	4,32 %
Debt-to-Equity Ratio	0,18	0,22	0,31	0,4
Operating Profit Margin	26,72 %	96,33 %	94,58 %	85,16 %
Current Ratio	3,3	2,84	2,18	1,76
Quick Ratio	3,3	2,84	2,18	1,76
Equity Ratio	0,76	0,71	0,66	0,62
Gross Profit Margin	100 %	100 %	100 %	100 %