STORAASEN AS

5600 NORHEIMSUND

Finances

Share Ownership

Return on Equity

15,98 %

Current Ratio

0,42

Debt-to-Equity Ratio

4,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 360 000	3 096 000	3 505 000	3 502 000
Net Income	1 053 000	966 000	1 134 000	926 000
Total Assets	33 623 000	34 050 000	33 145 000	33 408 000
Total Equity	6 590 000	5 537 000	4 571 000	3 437 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 360 000	3 096 000	3 505 000	3 502 000
Expenditure	972 000	969 000	1 001 000	1 058 000
Operating Profit	2 389 000	2 127 000	2 504 000	2 443 000
Financial Income	11 000	5 000	4 000	0
Financial Costs	1 050 000	893 000	1 054 000	1 256 000
Financial Balance	−1 039 000	−888 000	−1 050 000	−1 256 000
Earnings Before Tax	1 350 000	1 239 000	1 454 000	1 188 000
Tax	297 000	273 000	320 000	262 000
Net Income	1 053 000	966 000	1 134 000	926 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	33 408 000	33 625 000	32 562 000	33 190 000
Total Current Assets	215 000	425 000	583 000	218 000
Total Assets	33 623 000	34 050 000	33 145 000	33 408 000
Total Retained Equity	6 490 000	5 437 000	4 471 000	3 337 000
Total Equity	6 590 000	5 537 000	4 571 000	3 437 000
Total Long-Term Debt	26 520 000	28 035 000	28 026 000	29 492 000
Total Current Debt	513 000	477 000	547 000	478 000
Total Equity and Debt	33 623 000	34 050 000	33 145 000	33 408 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	3 360 000	3 096 000	3 505 000	3 502 000
Revenue	3 360 000	3 096 000	3 505 000	3 502 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	692 000	675 000	668 000	668 000
Impairment	0	0	0	0
Expenditure	972 000	969 000	1 001 000	1 058 000
Operating Profit	2 389 000	2 127 000	2 504 000	2 443 000
Financial Income	11 000	5 000	4 000	0
Financial Costs	1 050 000	893 000	1 054 000	1 256 000
Financial Balance	−1 039 000	−888 000	−1 050 000	−1 256 000
Dividends	0	0	0	0
Net Income	1 053 000	966 000	1 134 000	926 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	32 998 000	33 596 000	32 524 000	33 142 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	20 000	29 000	38 000	47 000
Total Tangible Assets	33 018 000	33 625 000	32 562 000	33 190 000
Total Fiancial Fixed Assets	390 000	0	0	0
Total Fixed Assets	33 408 000	33 625 000	32 562 000	33 190 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	158 000	59 000	362 000	117 000
Total Current Assets	215 000	425 000	583 000	218 000
Total Assets	33 623 000	34 050 000	33 145 000	33 408 000
Total Equity	6 590 000	5 537 000	4 571 000	3 437 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	26 520 000	28 035 000	28 026 000	29 492 000
Creditors	53 000	40 000	72 000	55 000
Unpaid Taxes	157 000	137 000	145 000	155 000
Dividends	0	0	0	0
Other Current Debt	15 000	39 000	31 000	39 000
Total Current Debt	513 000	477 000	547 000	478 000
Total Equity and Debt	33 623 000	34 050 000	33 145 000	33 408 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,98 %	17,45 %	24,81 %	26,94 %
Debt-to-Equity Ratio	4,02	5,06	6,13	8,58
Operating Profit Margin	71,1 %	68,7 %	71,44 %	69,76 %
Current Ratio	0,42	0,89	1,07	0,46
Quick Ratio	0,42	0,89	1,07	0,46
Equity Ratio	0,2	0,16	0,14	0,1
Gross Profit Margin	100 %	100 %	100 %	100 %