VASSAL MANAGEMENT AS

0590 OSLO

Finances

Share Ownership

Return on Equity

7,57 %

Current Ratio

7,39

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 763 000	2 668 000	2 023 000	2 223 000
Net Income	729 000	1 945 000	1 201 000	1 482 000
Total Assets	11 136 000	9 719 000	8 382 000	7 120 000
Total Equity	9 630 000	8 901 000	7 456 000	6 256 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 763 000	2 668 000	2 023 000	2 223 000
Expenditure	1 037 000	1 086 000	999 000	1 070 000
Operating Profit	1 726 000	1 582 000	1 024 000	1 153 000
Financial Income	76 000	722 000	461 000	609 000
Financial Costs	708 000	2 000	71 000	23 000
Financial Balance	−632 000	720 000	390 000	586 000
Earnings Before Tax	1 094 000	2 302 000	1 414 000	1 738 000
Tax	365 000	358 000	213 000	256 000
Net Income	729 000	1 945 000	1 201 000	1 482 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 000	18 000	13 000	0
Total Current Assets	11 124 000	9 701 000	8 369 000	7 120 000
Total Assets	11 136 000	9 719 000	8 382 000	7 120 000
Total Retained Equity	9 530 000	8 801 000	7 356 000	6 156 000
Total Equity	9 630 000	8 901 000	7 456 000	6 256 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 506 000	818 000	925 000	864 000
Total Equity and Debt	11 136 000	9 719 000	8 382 000	7 120 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 763 000	2 668 000	2 023 000	2 223 000
Other Income	0	0	0	0
Revenue	2 763 000	2 668 000	2 023 000	2 223 000
Cost of Goods Sold	13 000	0	0	0
Salary Costs	809 000	810 000	801 000	880 000
Depreciation	7 000	15 000	3 000	0
Impairment	0	0	0	0
Expenditure	1 037 000	1 086 000	999 000	1 070 000
Operating Profit	1 726 000	1 582 000	1 024 000	1 153 000
Financial Income	76 000	722 000	461 000	609 000
Financial Costs	708 000	2 000	71 000	23 000
Financial Balance	−632 000	720 000	390 000	586 000
Dividends	0	0	0	0
Net Income	729 000	1 945 000	1 201 000	1 482 000

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	11 000	18 000	13 000	0
Total Tangible Assets	11 000	18 000	13 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	11 000	18 000	13 000	0
Stock	0	0	0	0
Total Investments	8 822 000	8 352 000	5 520 000	4 145 000
Cash, Bank	1 061 000	791 000	2 566 000	2 535 000
Total Current Assets	11 124 000	9 701 000	8 369 000	7 120 000
Total Assets	11 136 000	9 719 000	8 382 000	7 120 000
Total Equity	9 630 000	8 901 000	7 456 000	6 256 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	10 000	10 000	0	0
Unpaid Taxes	382 000	159 000	140 000	176 000
Dividends	0	0	0	0
Other Current Debt	749 000	290 000	573 000	432 000
Total Current Debt	1 506 000	818 000	925 000	864 000
Total Equity and Debt	11 136 000	9 719 000	8 382 000	7 120 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,57 %	21,85 %	16,11 %	23,69 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	62,47 %	59,3 %	50,62 %	51,87 %
Current Ratio	7,39	11,86	9,05	8,24
Quick Ratio	7,39	11,86	9,05	8,24
Equity Ratio	0,86	0,92	0,89	0,88
Gross Profit Margin	99,53 %	100 %	100 %	100 %