VASSTRANDGÅRDEN AS

6011 ÅLESUND

Finances

Return on Equity

−137,41 %

Current Ratio

0,12

Debt-to-Equity Ratio

13,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 595 000	3 808 000	4 689 000	7 568 000
Net Income	−2 920 000	−2 766 000	−1 904 000	150 000
Total Assets	35 712 000	35 495 000	37 745 000	37 605 000
Total Equity	2 125 000	1 284 000	4 050 000	6 006 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 595 000	3 808 000	4 689 000	7 568 000
Expenditure	1 914 000	6 000 000	5 240 000	5 857 000
Operating Profit	−319 000	−2 191 000	−550 000	1 712 000
Financial Income	0	916 000	0	0
Financial Costs	2 600 000	1 491 000	1 590 000	1 519 000
Financial Balance	−2 600 000	−575 000	−1 590 000	−1 519 000
Earnings Before Tax	−2 920 000	−2 766 000	−2 140 000	193 000
Tax	0	0	−237 000	42 000
Net Income	−2 920 000	−2 766 000	−1 904 000	150 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	35 131 000	34 878 000	36 962 000	37 271 000
Total Current Assets	580 000	617 000	782 000	334 000
Total Assets	35 712 000	35 495 000	37 745 000	37 605 000
Total Retained Equity	0	0	82 000	5 680 000
Total Equity	2 125 000	1 284 000	4 050 000	6 006 000
Total Long-Term Debt	28 793 000	27 255 000	26 451 000	24 912 000
Total Current Debt	4 794 000	6 955 000	7 243 000	6 687 000
Total Equity and Debt	35 712 000	35 495 000	37 745 000	37 605 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	940 000	1 706 000	3 247 000	7 568 000
Other Income	655 000	2 103 000	1 442 000	0
Revenue	1 595 000	3 808 000	4 689 000	7 568 000
Cost of Goods Sold	−17 000	284 000	748 000	1 215 000
Salary Costs	58 000	973 000	1 824 000	2 561 000
Depreciation	650 000	926 000	918 000	646 000
Impairment	0	1 873 000	0	0
Expenditure	1 914 000	6 000 000	5 240 000	5 857 000
Operating Profit	−319 000	−2 191 000	−550 000	1 712 000
Financial Income	0	916 000	0	0
Financial Costs	2 600 000	1 491 000	1 590 000	1 519 000
Financial Balance	−2 600 000	−575 000	−1 590 000	−1 519 000
Dividends	0	0	0	0
Net Income	−2 920 000	−2 766 000	−1 904 000	150 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	33 470 000	33 739 000	33 438 000	33 821 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	901 000	1 139 000	3 524 000	3 396 000
Total Tangible Assets	34 370 000	34 878 000	36 962 000	37 216 000
Total Fiancial Fixed Assets	761 000	0	0	54 000
Total Fixed Assets	35 131 000	34 878 000	36 962 000	37 271 000
Stock	0	0	0	99 000
Total Investments	0	0	0	0
Cash, Bank	531 000	97 000	169 000	193 000
Total Current Assets	580 000	617 000	782 000	334 000
Total Assets	35 712 000	35 495 000	37 745 000	37 605 000
Total Equity	2 125 000	1 284 000	4 050 000	6 006 000
Short-Term Group Debt	770 000	2 671 000	2 630 000	994 000
Total Long-Term Debt	28 793 000	27 255 000	26 451 000	24 912 000
Creditors	2 098 000	2 071 000	2 247 000	1 628 000
Unpaid Taxes	48 000	249 000	350 000	985 000
Dividends	0	0	0	0
Other Current Debt	1 364 000	619 000	783 000	2 572 000
Total Current Debt	4 794 000	6 955 000	7 243 000	6 687 000
Total Equity and Debt	35 712 000	35 495 000	37 745 000	37 605 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−137,41 %	−215,42 %	−47,01 %	2,5 %
Debt-to-Equity Ratio	13,55	21,23	6,53	4,15
Operating Profit Margin	−20 %	−57,54 %	−11,73 %	22,62 %
Current Ratio	0,12	0,09	0,11	0,05
Quick Ratio	0,12	0,09	0,11	0,05
Equity Ratio	0,06	0,04	0,11	0,16
Gross Profit Margin	101,07 %	92,54 %	84,05 %	83,95 %