VAREID AS

8370 LEKNES

Finances

Share Ownership

Return on Equity

−1,5 %

Current Ratio

117,05

Debt-to-Equity Ratio

0,8

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	134 000	130 000	74 000
Net Income	−66 000	−36 000	−47 000	−30 000
Total Assets	7 957 000	8 270 000	6 288 000	4 680 000
Total Equity	4 398 000	4 464 000	4 500 000	4 547 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	134 000	130 000	74 000
Expenditure	69 000	117 000	151 000	113 000
Operating Profit	−69 000	17 000	−21 000	−39 000
Financial Income	25 000	0	0	0
Financial Costs	48 000	63 000	39 000	0
Financial Balance	−23 000	−63 000	−39 000	0
Earnings Before Tax	−92 000	−46 000	−60 000	−38 000
Tax	−26 000	−10 000	−13 000	−8 000
Net Income	−66 000	−36 000	−47 000	−30 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 616 000	5 816 000	5 816 000	2 320 000
Total Current Assets	2 341 000	2 454 000	472 000	2 361 000
Total Assets	7 957 000	8 270 000	6 288 000	4 680 000
Total Retained Equity	3 940 000	4 006 000	4 042 000	4 089 000
Total Equity	4 398 000	4 464 000	4 500 000	4 547 000
Total Long-Term Debt	3 539 000	3 790 000	1 763 000	102 000
Total Current Debt	20 000	15 000	25 000	31 000
Total Equity and Debt	7 957 000	8 270 000	6 288 000	4 680 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	134 000	130 000	74 000
Revenue	0	134 000	130 000	74 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	69 000	117 000	151 000	113 000
Operating Profit	−69 000	17 000	−21 000	−39 000
Financial Income	25 000	0	0	0
Financial Costs	48 000	63 000	39 000	0
Financial Balance	−23 000	−63 000	−39 000	0
Dividends	0	0	0	0
Net Income	−66 000	−36 000	−47 000	−30 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	5 616 000	5 616 000	5 616 000	2 120 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	5 616 000	5 616 000	5 616 000	2 120 000
Total Fiancial Fixed Assets	0	200 000	200 000	200 000
Total Fixed Assets	5 616 000	5 816 000	5 816 000	2 320 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	41 000	1 747 000	468 000	1 035 000
Total Current Assets	2 341 000	2 454 000	472 000	2 361 000
Total Assets	7 957 000	8 270 000	6 288 000	4 680 000
Total Equity	4 398 000	4 464 000	4 500 000	4 547 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 539 000	3 790 000	1 763 000	102 000
Creditors	0	1 000	4 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	20 000	9 000	14 000	14 000
Total Current Debt	20 000	15 000	25 000	31 000
Total Equity and Debt	7 957 000	8 270 000	6 288 000	4 680 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,5 %	−0,81 %	−1,04 %	−0,66 %
Debt-to-Equity Ratio	0,8	0,85	0,39	0,02
Operating Profit Margin	-	12,69 %	−16,15 %	−52,7 %
Current Ratio	117,05	163,6	18,88	76,16
Quick Ratio	117,05	163,6	18,88	76,16
Equity Ratio	0,55	0,54	0,72	0,97
Gross Profit Margin	-	100 %	100 %	100 %