VARDEHEIMVEIEN UTVIKLING AS

3735 SKIEN

Finances

Share Ownership

Return on Equity

178,02 %

Current Ratio

1,18

Debt-to-Equity Ratio

−1,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 000	0	0	22 000
Net Income	−162 000	92 000	−175 000	−1 547 000
Total Assets	349 000	1 550 000	699 000	703 000
Total Equity	−91 000	70 000	−673 000	−497 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 000	0	0	22 000
Expenditure	127 000	130 000	175 000	1 398 000
Operating Profit	−123 000	−131 000	−175 000	−1 377 000
Financial Income	0	0	0	33 000
Financial Costs	0	0	0	203 000
Financial Balance	0	0	0	−170 000
Earnings Before Tax	−123 000	−131 000	−175 000	−1 547 000
Tax	39 000	−222 000	0	0
Net Income	−162 000	92 000	−175 000	−1 547 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	349 000	1 550 000	699 000	703 000
Total Assets	349 000	1 550 000	699 000	703 000
Total Retained Equity	−1 784 000	−1 622 000	−1 714 000	−1 538 000
Total Equity	−91 000	70 000	−673 000	−497 000
Total Long-Term Debt	145 000	1 121 000	1 006 000	853 000
Total Current Debt	295 000	358 000	366 000	348 000
Total Equity and Debt	349 000	1 550 000	699 000	703 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 000	0	0	22 000
Other Income	0	0	0	0
Revenue	4 000	0	0	22 000
Cost of Goods Sold	69 000	43 000	48 000	1 304 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	127 000	130 000	175 000	1 398 000
Operating Profit	−123 000	−131 000	−175 000	−1 377 000
Financial Income	0	0	0	33 000
Financial Costs	0	0	0	203 000
Financial Balance	0	0	0	−170 000
Dividends	0	0	0	0
Net Income	−162 000	92 000	−175 000	−1 547 000

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	32 000	16 000	0	4 000
Total Current Assets	349 000	1 550 000	699 000	703 000
Total Assets	349 000	1 550 000	699 000	703 000
Total Equity	−91 000	70 000	−673 000	−497 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	145 000	1 121 000	1 006 000	853 000
Creditors	32 000	19 000	20 000	9 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	263 000	339 000	339 000	339 000
Total Current Debt	295 000	358 000	366 000	348 000
Total Equity and Debt	349 000	1 550 000	699 000	703 000

Financial indicators	2022	2021	2020	2019
Return on Equity	178,02 %	131,43 %	26 %	311,27 %
Debt-to-Equity Ratio	−1,59	16,01	−1,49	−1,72
Operating Profit Margin	−3 075 %	-	-	−6 259,09 %
Current Ratio	1,18	4,33	1,91	2,02
Quick Ratio	1,18	4,33	1,91	2,02
Equity Ratio	−0,26	0,05	−0,96	−0,71
Gross Profit Margin	−1 625 %	-	-	−5 827,27 %