VAAGEN UTVIKLING AS

9011 TROMSØ

Finances

Share Ownership

Return on Equity

8,95 %

Current Ratio

11,61

Debt-to-Equity Ratio

8,46

Key figures (NOK)	2022	2021	2020	2019
Revenue	554 000	544 000	301 000	274 000
Net Income	47 000	11 000	88 000	49 000
Total Assets	5 117 000	5 012 000	4 882 000	4 797 000
Total Equity	525 000	478 000	467 000	379 000

Income (NOK)	2022	2021	2020	2019
Revenue	554 000	544 000	301 000	274 000
Expenditure	345 000	423 000	87 000	94 000
Operating Profit	210 000	121 000	214 000	179 000
Financial Income	0	0	0	0
Financial Costs	156 000	110 000	127 000	131 000
Financial Balance	−156 000	−110 000	−127 000	−131 000
Earnings Before Tax	54 000	11 000	88 000	49 000
Tax	7 000	0	0	0
Net Income	47 000	11 000	88 000	49 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 340 000	3 340 000	3 340 000	3 340 000
Total Current Assets	1 777 000	1 672 000	1 542 000	1 457 000
Total Assets	5 117 000	5 012 000	4 882 000	4 797 000
Total Retained Equity	25 000	−22 000	−33 000	−121 000
Total Equity	525 000	478 000	467 000	379 000
Total Long-Term Debt	4 439 000	4 339 000	4 339 000	4 339 000
Total Current Debt	153 000	195 000	76 000	79 000
Total Equity and Debt	5 117 000	5 012 000	4 882 000	4 797 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	554 000	0	0	274 000
Other Income	0	544 000	301 000	0
Revenue	554 000	544 000	301 000	274 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	345 000	423 000	87 000	94 000
Operating Profit	210 000	121 000	214 000	179 000
Financial Income	0	0	0	0
Financial Costs	156 000	110 000	127 000	131 000
Financial Balance	−156 000	−110 000	−127 000	−131 000
Dividends	0	0	0	0
Net Income	47 000	11 000	88 000	49 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 340 000	3 340 000	3 340 000	3 340 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	3 340 000	3 340 000	3 340 000	3 340 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 340 000	3 340 000	3 340 000	3 340 000
Stock	1 469 000	1 286 000	1 332 000	1 192 000
Total Investments	0	0	0	0
Cash, Bank	308 000	386 000	115 000	104 000
Total Current Assets	1 777 000	1 672 000	1 542 000	1 457 000
Total Assets	5 117 000	5 012 000	4 882 000	4 797 000
Total Equity	525 000	478 000	467 000	379 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 439 000	4 339 000	4 339 000	4 339 000
Creditors	0	0	0	0
Unpaid Taxes	6 000	73 000	13 000	0
Dividends	0	0	0	0
Other Current Debt	140 000	122 000	63 000	79 000
Total Current Debt	153 000	195 000	76 000	79 000
Total Equity and Debt	5 117 000	5 012 000	4 882 000	4 797 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,95 %	2,3 %	18,84 %	12,93 %
Debt-to-Equity Ratio	8,46	9,08	9,29	11,45
Operating Profit Margin	37,91 %	22,24 %	71,1 %	65,33 %
Current Ratio	11,61	8,57	20,29	18,44
Quick Ratio	−1,35	−1,53	−1,23	−1,31
Equity Ratio	0,1	0,1	0,1	0,08
Gross Profit Margin	100 %	100 %	100 %	100 %