VARD ELECTRO AS

6264 TENNFJORD

Finances

Return on Equity

76,42 %

Current Ratio

1,04

Debt-to-Equity Ratio

0,61

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 800 087 000	1 612 191 000	1 293 245 000	1 633 254 000
Net Income	90 629 000	44 851 000	53 165 000	9 488 000
Total Assets	1 549 396 000	1 517 977 000	1 408 745 000	1 464 393 000
Total Equity	118 588 000	137 959 000	93 107 000	39 943 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 800 087 000	1 612 191 000	1 293 245 000	1 633 254 000
Expenditure	1 678 047 000	1 518 834 000	1 221 555 000	1 585 612 000
Operating Profit	122 040 000	93 357 000	71 691 000	47 642 000
Financial Income	15 630 000	7 442 000	44 444 000	8 440 000
Financial Costs	21 357 000	25 520 000	45 419 000	36 133 000
Financial Balance	−5 727 000	−18 078 000	−975 000	−27 693 000
Earnings Before Tax	116 313 000	75 279 000	70 716 000	19 949 000
Tax	25 683 000	30 427 000	17 552 000	10 461 000
Net Income	90 629 000	44 851 000	53 165 000	9 488 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	133 892 000	122 789 000	130 499 000	148 157 000
Total Current Assets	1 415 504 000	1 395 188 000	1 278 246 000	1 316 236 000
Total Assets	1 549 396 000	1 517 977 000	1 408 745 000	1 464 393 000
Total Retained Equity	61 853 000	81 224 000	36 373 000	−16 792 000
Total Equity	118 588 000	137 959 000	93 107 000	39 943 000
Total Long-Term Debt	72 374 000	46 690 000	57 709 000	45 003 000
Total Current Debt	1 358 435 000	1 333 328 000	1 257 929 000	1 379 447 000
Total Equity and Debt	1 549 396 000	1 517 977 000	1 408 745 000	1 464 393 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 798 989 000	1 610 971 000	1 283 290 000	1 632 687 000
Other Income	1 098 000	1 220 000	9 955 000	567 000
Revenue	1 800 087 000	1 612 191 000	1 293 245 000	1 633 254 000
Cost of Goods Sold	1 291 136 000	1 171 804 000	920 497 000	1 245 086 000
Salary Costs	291 918 000	273 743 000	237 474 000	265 048 000
Depreciation	9 374 000	9 487 000	9 248 000	8 418 000
Impairment	0	0	0	0
Expenditure	1 678 047 000	1 518 834 000	1 221 555 000	1 585 612 000
Operating Profit	122 040 000	93 357 000	71 691 000	47 642 000
Financial Income	15 630 000	7 442 000	44 444 000	8 440 000
Financial Costs	21 357 000	25 520 000	45 419 000	36 133 000
Financial Balance	−5 727 000	−18 078 000	−975 000	−27 693 000
Dividends	0	0	0	0
Net Income	90 629 000	44 851 000	53 165 000	9 488 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	30 086 000	19 036 000	20 197 000	31 710 000
Real Eastate	86 478 000	90 519 000	94 220 000	98 290 000
Machinery and Plant Facilities	421 000	891 000	1 838 000	3 502 000
Fixtures	2 699 000	448 000	591 000	999 000
Total Tangible Assets	89 598 000	91 858 000	96 649 000	102 791 000
Total Fiancial Fixed Assets	14 209 000	11 895 000	13 653 000	13 656 000
Total Fixed Assets	133 892 000	122 789 000	130 499 000	148 157 000
Stock	329 721 000	258 945 000	156 331 000	232 812 000
Total Investments	0	0	0	0
Cash, Bank	55 359 000	35 258 000	55 799 000	59 591 000
Total Current Assets	1 415 504 000	1 395 188 000	1 278 246 000	1 316 236 000
Total Assets	1 549 396 000	1 517 977 000	1 408 745 000	1 464 393 000
Total Equity	118 588 000	137 959 000	93 107 000	39 943 000
Short-Term Group Debt	110 000 000	0	0	0
Total Long-Term Debt	72 374 000	46 690 000	57 709 000	45 003 000
Creditors	309 939 000	309 838 000	179 676 000	280 818 000
Unpaid Taxes	30 998 000	35 511 000	29 166 000	108 333 000
Dividends	0	0	0	0
Other Current Debt	907 498 000	987 632 000	1 049 087 000	990 296 000
Total Current Debt	1 358 435 000	1 333 328 000	1 257 929 000	1 379 447 000
Total Equity and Debt	1 549 396 000	1 517 977 000	1 408 745 000	1 464 393 000

Financial indicators	2022	2021	2020	2019
Return on Equity	76,42 %	32,51 %	57,1 %	23,75 %
Debt-to-Equity Ratio	0,61	0,34	0,62	1,13
Operating Profit Margin	6,78 %	5,79 %	5,54 %	2,92 %
Current Ratio	1,04	1,05	1,02	0,95
Quick Ratio	1,38	1,3	1,16	1,15
Equity Ratio	0,08	0,09	0,07	0,03
Gross Profit Margin	28,27 %	27,32 %	28,82 %	23,77 %