VARANGER SEAFOOD AS

9955 SVARTNES

Finances

Share Ownership

Return on Equity

8,39 %

Current Ratio

0,13

Debt-to-Equity Ratio

−0,54

Key figures (NOK)	2021	2020	2019	2018
Revenue	0	0	0	12 388 000
Net Income	−5 314 000	−2 132 000	−5 943 000	2 733 000
Total Assets	5 775 000	7 300 000	7 582 000	9 844 000
Total Equity	−63 351 000	−58 037 000	−55 905 000	−49 962 000

Income (NOK)	2021	2020	2019	2018
Revenue	0	0	0	12 388 000
Expenditure	3 650 000	524 000	1 566 000	6 402 000
Operating Profit	−3 651 000	−524 000	−1 566 000	5 986 000
Financial Income	143 000	1 496 000	22 000	389 000
Financial Costs	1 807 000	3 104 000	4 400 000	3 642 000
Financial Balance	−1 664 000	−1 608 000	−4 378 000	−3 253 000
Earnings Before Tax	−5 314 000	−2 132 000	−5 943 000	2 733 000
Tax	0	0	0	0
Net Income	−5 314 000	−2 132 000	−5 943 000	2 733 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	1 244 000	3 417 000	3 617 000	3 817 000
Total Current Assets	4 531 000	3 883 000	3 965 000	6 027 000
Total Assets	5 775 000	7 300 000	7 582 000	9 844 000
Total Retained Equity	−63 551 000	−58 237 000	−56 105 000	−50 162 000
Total Equity	−63 351 000	−58 037 000	−55 905 000	−49 962 000
Total Long-Term Debt	34 420 000	34 521 000	35 741 000	29 754 000
Total Current Debt	34 706 000	30 816 000	27 746 000	30 052 000
Total Equity and Debt	5 775 000	7 300 000	7 582 000	9 844 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	0	0	967 000
Other Income	0	0	0	11 422 000
Revenue	0	0	0	12 388 000
Cost of Goods Sold	0	0	0	314 000
Salary Costs	108 000	0	146 000	2 321 000
Depreciation	183 000	200 000	200 000	543 000
Impairment	0	0	0	0
Expenditure	3 650 000	524 000	1 566 000	6 402 000
Operating Profit	−3 651 000	−524 000	−1 566 000	5 986 000
Financial Income	143 000	1 496 000	22 000	389 000
Financial Costs	1 807 000	3 104 000	4 400 000	3 642 000
Financial Balance	−1 664 000	−1 608 000	−4 378 000	−3 253 000
Dividends	0	0	0	0
Net Income	−5 314 000	−2 132 000	−5 943 000	2 733 000

Balance details (NOK)	2021	2020	2019	2018
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	3 417 000	3 617 000	3 817 000
Total Fiancial Fixed Assets	1 244 000	0	0	0
Total Fixed Assets	1 244 000	3 417 000	3 617 000	3 817 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	137 000	30 000	34 000	243 000
Total Current Assets	4 531 000	3 883 000	3 965 000	6 027 000
Total Assets	5 775 000	7 300 000	7 582 000	9 844 000
Total Equity	−63 351 000	−58 037 000	−55 905 000	−49 962 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	34 420 000	34 521 000	35 741 000	29 754 000
Creditors	3 625 000	4 433 000	4 010 000	4 018 000
Unpaid Taxes	40 000	6 000	6 000	100 000
Dividends	0	0	0	0
Other Current Debt	31 040 000	26 376 000	23 730 000	25 934 000
Total Current Debt	34 706 000	30 816 000	27 746 000	30 052 000
Total Equity and Debt	5 775 000	7 300 000	7 582 000	9 844 000

Financial indicators	2021	2020	2019	2018
Return on Equity	8,39 %	3,67 %	10,63 %	−5,47 %
Debt-to-Equity Ratio	−0,54	−0,59	−0,64	−0,6
Operating Profit Margin	-	-	-	48,32 %
Current Ratio	0,13	0,13	0,14	0,2
Quick Ratio	0,13	0,13	0,14	0,2
Equity Ratio	−10,97	−7,95	−7,37	−5,08
Gross Profit Margin	-	-	-	97,47 %