VASSNES SOLUTIONS AS

5580 ØLEN

Finances

Return on Equity

7,33 %

Current Ratio

1,43

Debt-to-Equity Ratio

1,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 466 000	24 149 000	15 813 000	30 085 000
Net Income	569 000	1 427 000	−2 567 000	727 000
Total Assets	25 891 000	20 559 000	21 713 000	23 438 000
Total Equity	7 762 000	7 193 000	5 766 000	7 334 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 466 000	24 149 000	15 813 000	30 085 000
Expenditure	18 301 000	21 887 000	16 300 000	28 038 000
Operating Profit	2 166 000	2 262 000	−488 000	2 048 000
Financial Income	7 000	28 000	−1 507 000	99 000
Financial Costs	820 000	462 000	845 000	1 054 000
Financial Balance	−813 000	−434 000	−2 352 000	−955 000
Earnings Before Tax	1 352 000	1 827 000	−2 840 000	1 094 000
Tax	783 000	401 000	−273 000	367 000
Net Income	569 000	1 427 000	−2 567 000	727 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 152 000	12 883 000	13 608 000	14 689 000
Total Current Assets	13 738 000	7 676 000	8 105 000	8 749 000
Total Assets	25 891 000	20 559 000	21 713 000	23 438 000
Total Retained Equity	−2 674 000	−3 243 000	−4 669 000	−2 102 000
Total Equity	7 762 000	7 193 000	5 766 000	7 334 000
Total Long-Term Debt	8 520 000	2 419 000	4 708 000	5 275 000
Total Current Debt	9 609 000	10 947 000	11 238 000	10 830 000
Total Equity and Debt	25 891 000	20 559 000	21 713 000	23 438 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 466 000	24 000 000	13 094 000	29 766 000
Other Income	0	149 000	2 720 000	319 000
Revenue	20 466 000	24 149 000	15 813 000	30 085 000
Cost of Goods Sold	6 462 000	5 551 000	2 149 000	4 398 000
Salary Costs	5 852 000	6 709 000	5 397 000	5 963 000
Depreciation	302 000	885 000	1 180 000	1 837 000
Impairment	0	0	0	0
Expenditure	18 301 000	21 887 000	16 300 000	28 038 000
Operating Profit	2 166 000	2 262 000	−488 000	2 048 000
Financial Income	7 000	28 000	−1 507 000	99 000
Financial Costs	820 000	462 000	845 000	1 054 000
Financial Balance	−813 000	−434 000	−2 352 000	−955 000
Dividends	0	0	0	0
Net Income	569 000	1 427 000	−2 567 000	727 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 000	570 000	1 055 000	1 661 000
Real Eastate	3 494 000	3 744 000	3 994 000	4 244 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	158 000	77 000	169 000	388 000
Total Tangible Assets	3 652 000	3 822 000	4 163 000	4 632 000
Total Fiancial Fixed Assets	8 492 000	8 492 000	8 390 000	8 396 000
Total Fixed Assets	12 152 000	12 883 000	13 608 000	14 689 000
Stock	74 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	405 000	1 069 000	822 000	430 000
Total Current Assets	13 738 000	7 676 000	8 105 000	8 749 000
Total Assets	25 891 000	20 559 000	21 713 000	23 438 000
Total Equity	7 762 000	7 193 000	5 766 000	7 334 000
Short-Term Group Debt	0	4 454 000	−6 000	1 947 000
Total Long-Term Debt	8 520 000	2 419 000	4 708 000	5 275 000
Creditors	1 386 000	1 486 000	2 925 000	4 714 000
Unpaid Taxes	1 375 000	2 931 000	774 000	589 000
Dividends	0	0	0	0
Other Current Debt	565 000	608 000	516 000	544 000
Total Current Debt	9 609 000	10 947 000	11 238 000	10 830 000
Total Equity and Debt	25 891 000	20 559 000	21 713 000	23 438 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,33 %	19,84 %	−44,52 %	9,91 %
Debt-to-Equity Ratio	1,1	0,34	0,82	0,72
Operating Profit Margin	10,58 %	9,37 %	−3,09 %	6,81 %
Current Ratio	1,43	0,7	0,72	0,81
Quick Ratio	1,44	0,7	0,72	0,81
Equity Ratio	0,3	0,35	0,27	0,31
Gross Profit Margin	68,43 %	77,01 %	86,41 %	85,38 %