GAASSAND AS

5212 SØFTELAND

Finances

Share Ownership

Return on Equity

10,28 %

Current Ratio

4,2

Debt-to-Equity Ratio

0,51

Key figures (NOK)	2022	2021	2020	2019
Revenue	431 000	411 000	406 000	406 000
Net Income	190 000	217 000	205 000	188 000
Total Assets	2 883 000	2 836 000	3 013 000	3 010 000
Total Equity	1 848 000	1 657 000	1 441 000	1 236 000

Income (NOK)	2022	2021	2020	2019
Revenue	431 000	411 000	406 000	406 000
Expenditure	133 000	71 000	75 000	91 000
Operating Profit	298 000	341 000	331 000	315 000
Financial Income	3 000	3 000	3 000	0
Financial Costs	58 000	66 000	71 000	75 000
Financial Balance	−55 000	−63 000	−68 000	−75 000
Earnings Before Tax	244 000	278 000	263 000	241 000
Tax	54 000	61 000	58 000	53 000
Net Income	190 000	217 000	205 000	188 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 471 000	2 489 000	2 512 000	2 536 000
Total Current Assets	412 000	346 000	501 000	474 000
Total Assets	2 883 000	2 836 000	3 013 000	3 010 000
Total Retained Equity	1 743 000	1 553 000	1 336 000	1 131 000
Total Equity	1 848 000	1 657 000	1 441 000	1 236 000
Total Long-Term Debt	937 000	1 034 000	1 335 000	1 639 000
Total Current Debt	98 000	144 000	237 000	135 000
Total Equity and Debt	2 883 000	2 836 000	3 013 000	3 010 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	423 000	411 000	406 000	406 000
Other Income	8 000	0	0	0
Revenue	431 000	411 000	406 000	406 000
Cost of Goods Sold	38 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	19 000	23 000	24 000	32 000
Impairment	0	0	0	0
Expenditure	133 000	71 000	75 000	91 000
Operating Profit	298 000	341 000	331 000	315 000
Financial Income	3 000	3 000	3 000	0
Financial Costs	58 000	66 000	71 000	75 000
Financial Balance	−55 000	−63 000	−68 000	−75 000
Dividends	0	0	0	0
Net Income	190 000	217 000	205 000	188 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 471 000	2 489 000	2 512 000	2 536 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	2 471 000	2 489 000	2 512 000	2 536 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 471 000	2 489 000	2 512 000	2 536 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	391 000	313 000	432 000	435 000
Total Current Assets	412 000	346 000	501 000	474 000
Total Assets	2 883 000	2 836 000	3 013 000	3 010 000
Total Equity	1 848 000	1 657 000	1 441 000	1 236 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	937 000	1 034 000	1 335 000	1 639 000
Creditors	1 000	0	2 000	1 000
Unpaid Taxes	14 000	18 000	18 000	18 000
Dividends	0	0	0	0
Other Current Debt	35 000	72 000	166 000	68 000
Total Current Debt	98 000	144 000	237 000	135 000
Total Equity and Debt	2 883 000	2 836 000	3 013 000	3 010 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,28 %	13,1 %	14,23 %	15,21 %
Debt-to-Equity Ratio	0,51	0,62	0,93	1,33
Operating Profit Margin	69,14 %	82,97 %	81,53 %	77,59 %
Current Ratio	4,2	2,4	2,11	3,51
Quick Ratio	4,2	2,4	2,11	3,51
Equity Ratio	0,64	0,58	0,48	0,41
Gross Profit Margin	91,18 %	100 %	100 %	100 %