VASSNES ENGINEERING AS

5580 ØLEN

Finances

Share Ownership

Return on Equity

113,74 %

Current Ratio

0,84

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 088 000	6 224 000	4 296 000	7 038 000
Net Income	−356 000	−87 000	8 000	15 000
Total Assets	1 706 000	2 376 000	2 023 000	2 058 000
Total Equity	−313 000	43 000	129 000	121 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 088 000	6 224 000	4 296 000	7 038 000
Expenditure	7 383 000	6 228 000	4 294 000	7 011 000
Operating Profit	−295 000	−4 000	2 000	27 000
Financial Income	0	0	13 000	1 000
Financial Costs	61 000	83 000	3 000	8 000
Financial Balance	−61 000	−83 000	10 000	−7 000
Earnings Before Tax	−356 000	−87 000	11 000	19 000
Tax	0	0	2 000	4 000
Net Income	−356 000	−87 000	8 000	15 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	1 706 000	2 376 000	2 023 000	2 058 000
Total Assets	1 706 000	2 376 000	2 023 000	2 058 000
Total Retained Equity	−413 000	−57 000	29 000	21 000
Total Equity	−313 000	43 000	129 000	121 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 019 000	2 333 000	1 894 000	1 937 000
Total Equity and Debt	1 706 000	2 376 000	2 023 000	2 058 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 088 000	6 224 000	4 296 000	7 038 000
Other Income	0	0	0	0
Revenue	7 088 000	6 224 000	4 296 000	7 038 000
Cost of Goods Sold	0	0	0	0
Salary Costs	6 871 000	6 149 000	4 121 000	6 758 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	7 383 000	6 228 000	4 294 000	7 011 000
Operating Profit	−295 000	−4 000	2 000	27 000
Financial Income	0	0	13 000	1 000
Financial Costs	61 000	83 000	3 000	8 000
Financial Balance	−61 000	−83 000	10 000	−7 000
Dividends	0	0	0	0
Net Income	−356 000	−87 000	8 000	15 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	235 000	221 000	1 370 000	592 000
Total Current Assets	1 706 000	2 376 000	2 023 000	2 058 000
Total Assets	1 706 000	2 376 000	2 023 000	2 058 000
Total Equity	−313 000	43 000	129 000	121 000
Short-Term Group Debt	0	0	0	495 000
Total Long-Term Debt	0	0	0	0
Creditors	196 000	10 000	955 000	21 000
Unpaid Taxes	1 155 000	1 660 000	341 000	718 000
Dividends	0	0	0	0
Other Current Debt	668 000	663 000	596 000	703 000
Total Current Debt	2 019 000	2 333 000	1 894 000	1 937 000
Total Equity and Debt	1 706 000	2 376 000	2 023 000	2 058 000

Financial indicators	2022	2021	2020	2019
Return on Equity	113,74 %	−202,33 %	6,2 %	12,4 %
Debt-to-Equity Ratio	−0	0	0	0
Operating Profit Margin	−4,16 %	−0,06 %	0,05 %	0,38 %
Current Ratio	0,84	1,02	1,07	1,06
Quick Ratio	0,84	1,02	1,07	1,06
Equity Ratio	−0,18	0,02	0,06	0,06
Gross Profit Margin	100 %	100 %	100 %	100 %