VASSHELLA AS

3057 SOLBERGELVA

Finances

Return on Equity

10,9 %

Current Ratio

1,72

Debt-to-Equity Ratio

1,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 384 000	2 254 000	2 535 000	2 274 000
Net Income	284 000	770 000	488 000	480 000
Total Assets	6 331 000	5 908 000	2 293 000	2 018 000
Total Equity	2 606 000	2 472 000	1 702 000	1 214 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 384 000	2 254 000	2 535 000	2 274 000
Expenditure	2 872 000	1 335 000	1 913 000	1 664 000
Operating Profit	512 000	920 000	622 000	610 000
Financial Income	0	0	2 000	1 000
Financial Costs	148 000	31 000	3 000	1 000
Financial Balance	−148 000	−31 000	−1 000	0
Earnings Before Tax	364 000	889 000	621 000	610 000
Tax	80 000	119 000	133 000	130 000
Net Income	284 000	770 000	488 000	480 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 064 000	5 159 000	681 000	687 000
Total Current Assets	1 267 000	749 000	1 612 000	1 331 000
Total Assets	6 331 000	5 908 000	2 293 000	2 018 000
Total Retained Equity	2 506 000	2 372 000	1 602 000	1 114 000
Total Equity	2 606 000	2 472 000	1 702 000	1 214 000
Total Long-Term Debt	2 988 000	3 058 000	0	0
Total Current Debt	737 000	378 000	592 000	805 000
Total Equity and Debt	6 331 000	5 908 000	2 293 000	2 018 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 580 000	2 198 000	2 363 000	2 274 000
Other Income	−197 000	56 000	172 000	0
Revenue	3 384 000	2 254 000	2 535 000	2 274 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 835 000	1 035 000	1 511 000	1 079 000
Depreciation	140 000	19 000	0	2 000
Impairment	0	0	0	0
Expenditure	2 872 000	1 335 000	1 913 000	1 664 000
Operating Profit	512 000	920 000	622 000	610 000
Financial Income	0	0	2 000	1 000
Financial Costs	148 000	31 000	3 000	1 000
Financial Balance	−148 000	−31 000	−1 000	0
Dividends	150 000	0	0	0
Net Income	284 000	770 000	488 000	480 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 138 000	4 212 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	244 000	265 000	0	0
Total Tangible Assets	4 382 000	4 477 000	0	0
Total Fiancial Fixed Assets	681 000	681 000	681 000	687 000
Total Fixed Assets	5 064 000	5 159 000	681 000	687 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	569 000	147 000	1 219 000	641 000
Total Current Assets	1 267 000	749 000	1 612 000	1 331 000
Total Assets	6 331 000	5 908 000	2 293 000	2 018 000
Total Equity	2 606 000	2 472 000	1 702 000	1 214 000
Short-Term Group Debt	10 000	10 000	0	0
Total Long-Term Debt	2 988 000	3 058 000	0	0
Creditors	84 000	−1 000	0	1 000
Unpaid Taxes	408 000	137 000	188 000	264 000
Dividends	150 000	0	0	0
Other Current Debt	176 000	115 000	270 000	410 000
Total Current Debt	737 000	378 000	592 000	805 000
Total Equity and Debt	6 331 000	5 908 000	2 293 000	2 018 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,9 %	31,15 %	28,67 %	39,54 %
Debt-to-Equity Ratio	1,15	1,24	0	0
Operating Profit Margin	15,13 %	40,82 %	24,54 %	26,82 %
Current Ratio	1,72	1,98	2,72	1,65
Quick Ratio	1,72	1,98	2,72	1,65
Equity Ratio	0,41	0,42	0,74	0,6
Gross Profit Margin	100 %	100 %	100 %	100 %