VARDALIFE AS

1914 YTRE ENEBAKK

Finances

Share Ownership

Return on Equity

135 %

Current Ratio

0,46

Debt-to-Equity Ratio

−3,52

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	798 000	212 000	1 000 000
Net Income	−2 218 000	−1 283 000	−1 156 000	194 000
Total Assets	5 242 000	6 941 000	5 729 000	5 037 000
Total Equity	−1 643 000	574 000	1 857 000	1 386 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	798 000	212 000	1 000 000
Expenditure	1 919 000	1 866 000	1 202 000	712 000
Operating Profit	−1 918 000	−1 069 000	−989 000	288 000
Financial Income	1 000	2 000	1 000	1 000
Financial Costs	281 000	278 000	168 000	95 000
Financial Balance	−280 000	−276 000	−167 000	−94 000
Earnings Before Tax	−2 198 000	−1 345 000	−1 156 000	194 000
Tax	19 000	−62 000	0	0
Net Income	−2 218 000	−1 283 000	−1 156 000	194 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 729 000	4 616 000	3 937 000	3 124 000
Total Current Assets	513 000	2 325 000	1 792 000	1 912 000
Total Assets	5 242 000	6 941 000	5 729 000	5 037 000
Total Retained Equity	−2 218 000	0	−1 611 000	−454 000
Total Equity	−1 643 000	574 000	1 857 000	1 386 000
Total Long-Term Debt	5 781 000	5 510 000	3 213 000	3 603 000
Total Current Debt	1 104 000	856 000	658 000	48 000
Total Equity and Debt	5 242 000	6 941 000	5 729 000	5 037 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	798 000	0	1 000 000
Other Income	0	0	212 000	0
Revenue	0	798 000	212 000	1 000 000
Cost of Goods Sold	0	556 000	22 000	1 000
Salary Costs	397 000	175 000	634 000	47 000
Depreciation	364 000	436 000	233 000	70 000
Impairment	384 000	0	0	0
Expenditure	1 919 000	1 866 000	1 202 000	712 000
Operating Profit	−1 918 000	−1 069 000	−989 000	288 000
Financial Income	1 000	2 000	1 000	1 000
Financial Costs	281 000	278 000	168 000	95 000
Financial Balance	−280 000	−276 000	−167 000	−94 000
Dividends	0	0	0	0
Net Income	−2 218 000	−1 283 000	−1 156 000	194 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 691 000	4 546 000	3 867 000	3 031 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	38 000	69 000	70 000	93 000
Total Tangible Assets	38 000	69 000	70 000	93 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 729 000	4 616 000	3 937 000	3 124 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	174 000	2 039 000	1 476 000	1 719 000
Total Current Assets	513 000	2 325 000	1 792 000	1 912 000
Total Assets	5 242 000	6 941 000	5 729 000	5 037 000
Total Equity	−1 643 000	574 000	1 857 000	1 386 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 781 000	5 510 000	3 213 000	3 603 000
Creditors	555 000	253 000	461 000	9 000
Unpaid Taxes	42 000	103 000	45 000	18 000
Dividends	0	0	0	0
Other Current Debt	507 000	500 000	152 000	22 000
Total Current Debt	1 104 000	856 000	658 000	48 000
Total Equity and Debt	5 242 000	6 941 000	5 729 000	5 037 000

Financial indicators	2022	2021	2020	2019
Return on Equity	135 %	−223,52 %	−62,25 %	14 %
Debt-to-Equity Ratio	−3,52	9,6	1,73	2,6
Operating Profit Margin	-	−133,96 %	−466,51 %	28,8 %
Current Ratio	0,46	2,72	2,72	39,83
Quick Ratio	0,46	2,72	2,72	39,83
Equity Ratio	−0,31	0,08	0,32	0,28
Gross Profit Margin	-	30,33 %	89,62 %	99,9 %