VASSNES POWER AS

5580 ØLEN

Finances

Share Ownership

Return on Equity

102,54 %

Current Ratio

0,69

Debt-to-Equity Ratio

−0,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	53 312 000	84 090 000	44 186 000	87 257 000
Net Income	−9 973 000	−1 513 000	83 000	1 273 000
Total Assets	25 138 000	40 547 000	30 865 000	35 900 000
Total Equity	−9 726 000	246 000	1 759 000	1 676 000

Income (NOK)	2022	2021	2020	2019
Revenue	53 312 000	84 090 000	44 186 000	87 257 000
Expenditure	61 888 000	84 800 000	51 889 000	85 526 000
Operating Profit	−8 575 000	−711 000	166 000	1 730 000
Financial Income	0	1 000	97 000	6 000
Financial Costs	723 000	803 000	156 000	104 000
Financial Balance	−723 000	−802 000	−59 000	−98 000
Earnings Before Tax	−9 299 000	−1 513 000	107 000	1 633 000
Tax	674 000	0	24 000	359 000
Net Income	−9 973 000	−1 513 000	83 000	1 273 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 683 000	6 083 000	8 186 000	717 000
Total Current Assets	21 455 000	34 464 000	22 679 000	35 183 000
Total Assets	25 138 000	40 547 000	30 865 000	35 900 000
Total Retained Equity	−20 188 000	−10 215 000	−8 702 000	−8 786 000
Total Equity	−9 726 000	246 000	1 759 000	1 676 000
Total Long-Term Debt	3 660 000	4 580 000	5 886 000	0
Total Current Debt	31 205 000	35 721 000	23 220 000	34 224 000
Total Equity and Debt	25 138 000	40 547 000	30 865 000	35 900 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	53 312 000	81 755 000	44 181 000	86 257 000
Other Income	0	2 335 000	5 000	1 000 000
Revenue	53 312 000	84 090 000	44 186 000	87 257 000
Cost of Goods Sold	5 664 000	−254 000	154 000	5 507 000
Salary Costs	49 091 000	72 122 000	40 411 000	63 246 000
Depreciation	1 800 000	2 103 000	376 000	27 000
Impairment	0	0	0	0
Expenditure	61 888 000	84 800 000	51 889 000	85 526 000
Operating Profit	−8 575 000	−711 000	166 000	1 730 000
Financial Income	0	1 000	97 000	6 000
Financial Costs	723 000	803 000	156 000	104 000
Financial Balance	−723 000	−802 000	−59 000	−98 000
Dividends	0	0	0	0
Net Income	−9 973 000	−1 513 000	83 000	1 273 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 619 000	6 079 000	8 174 000	698 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	64 000	4 000	11 000	19 000
Total Tangible Assets	64 000	4 000	11 000	19 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 683 000	6 083 000	8 186 000	717 000
Stock	7 447 000	7 427 000	2 939 000	1 150 000
Total Investments	0	0	0	0
Cash, Bank	1 278 000	2 225 000	5 379 000	6 835 000
Total Current Assets	21 455 000	34 464 000	22 679 000	35 183 000
Total Assets	25 138 000	40 547 000	30 865 000	35 900 000
Total Equity	−9 726 000	246 000	1 759 000	1 676 000
Short-Term Group Debt	14 324 000	9 143 000	5 403 000	17 194 000
Total Long-Term Debt	3 660 000	4 580 000	5 886 000	0
Creditors	2 019 000	2 153 000	6 834 000	1 544 000
Unpaid Taxes	7 418 000	16 859 000	4 977 000	6 620 000
Dividends	0	0	0	0
Other Current Debt	7 444 000	7 565 000	6 007 000	8 867 000
Total Current Debt	31 205 000	35 721 000	23 220 000	34 224 000
Total Equity and Debt	25 138 000	40 547 000	30 865 000	35 900 000

Financial indicators	2022	2021	2020	2019
Return on Equity	102,54 %	−615,04 %	4,72 %	75,95 %
Debt-to-Equity Ratio	−0,38	18,62	3,35	0
Operating Profit Margin	−16,08 %	−0,85 %	0,38 %	1,98 %
Current Ratio	0,69	0,96	0,98	1,03
Quick Ratio	0,9	1,22	1,12	1,06
Equity Ratio	−0,39	0,01	0,06	0,05
Gross Profit Margin	89,38 %	100,3 %	99,65 %	93,69 %