VARANGER UTVIKLING AS

9840 VARANGERBOTN

Finances

Return on Equity

−128,87 %

Current Ratio

0,11

Debt-to-Equity Ratio

1,16

Key figures (NOK)	2022	2021	2020	2019
Revenue	171 000	94 000	479 000	273 000
Net Income	−549 000	0	534 000	−426 000
Total Assets	1 478 000	1 855 000	1 922 000	1 581 000
Total Equity	426 000	1 204 000	1 142 000	608 000

Income (NOK)	2022	2021	2020	2019
Revenue	171 000	94 000	479 000	273 000
Expenditure	720 000	95 000	−56 000	697 000
Operating Profit	−549 000	0	535 000	−425 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	2 000
Financial Balance	0	0	−1 000	−2 000
Earnings Before Tax	−549 000	0	534 000	−426 000
Tax	0	0	0	0
Net Income	−549 000	0	534 000	−426 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 418 000	1 564 000	1 633 000	1 489 000
Total Current Assets	61 000	290 000	290 000	92 000
Total Assets	1 478 000	1 855 000	1 922 000	1 581 000
Total Retained Equity	−156 000	−156 000	−156 000	−690 000
Total Equity	426 000	1 204 000	1 142 000	608 000
Total Long-Term Debt	496 000	424 000	320 000	112 000
Total Current Debt	556 000	227 000	461 000	861 000
Total Equity and Debt	1 478 000	1 855 000	1 922 000	1 581 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 000	0	0	0
Other Income	136 000	94 000	479 000	273 000
Revenue	171 000	94 000	479 000	273 000
Cost of Goods Sold	0	0	−357 000	405 000
Salary Costs	485 000	0	0	0
Depreciation	34 000	38 000	40 000	31 000
Impairment	26 000	0	0	0
Expenditure	720 000	95 000	−56 000	697 000
Operating Profit	−549 000	0	535 000	−425 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	2 000
Financial Balance	0	0	−1 000	−2 000
Dividends	0	0	0	0
Net Income	−549 000	0	534 000	−426 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 329 000	1 361 000	1 535 000	1 452 000
Machinery and Plant Facilities	0	115 000	0	0
Fixtures	0	0	60 000	0
Total Tangible Assets	1 371 000	1 518 000	1 595 000	1 452 000
Total Fiancial Fixed Assets	47 000	47 000	38 000	38 000
Total Fixed Assets	1 418 000	1 564 000	1 633 000	1 489 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	25 000	1 000	0	11 000
Total Current Assets	61 000	290 000	290 000	92 000
Total Assets	1 478 000	1 855 000	1 922 000	1 581 000
Total Equity	426 000	1 204 000	1 142 000	608 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	496 000	424 000	320 000	112 000
Creditors	36 000	197 000	424 000	800 000
Unpaid Taxes	131 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	389 000	31 000	37 000	61 000
Total Current Debt	556 000	227 000	461 000	861 000
Total Equity and Debt	1 478 000	1 855 000	1 922 000	1 581 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−128,87 %	0 %	46,76 %	−70,07 %
Debt-to-Equity Ratio	1,16	0,35	0,28	0,18
Operating Profit Margin	−321,05 %	0 %	111,69 %	−155,68 %
Current Ratio	0,11	1,28	0,63	0,11
Quick Ratio	0,11	1,28	0,63	0,11
Equity Ratio	0,29	0,65	0,59	0,38
Gross Profit Margin	100 %	100 %	174,53 %	−48,35 %