AS VARDEN

3732 SKIEN

Finances

Return on Equity

−13,4 %

Current Ratio

1,36

Debt-to-Equity Ratio

0,73

Key figures (NOK)	2022	2021	2020	2019
Revenue	83 624 000	82 141 000	79 265 000	91 502 000
Net Income	−1 243 000	1 273 000	−2 622 000	1 343 000
Total Assets	41 087 000	40 713 000	39 382 000	38 462 000
Total Equity	9 276 000	10 669 000	9 777 000	9 654 000

Income (NOK)	2022	2021	2020	2019
Revenue	83 624 000	82 141 000	79 265 000	91 502 000
Expenditure	85 615 000	80 527 000	82 939 000	90 421 000
Operating Profit	−1 991 000	1 613 000	−3 674 000	1 081 000
Financial Income	600 000	197 000	318 000	646 000
Financial Costs	198 000	219 000	3 000	1 000
Financial Balance	402 000	−22 000	315 000	645 000
Earnings Before Tax	−1 588 000	1 591 000	−3 359 000	1 727 000
Tax	−345 000	318 000	−737 000	384 000
Net Income	−1 243 000	1 273 000	−2 622 000	1 343 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 943 000	6 726 000	996 000	1 158 000
Total Current Assets	34 144 000	33 987 000	38 386 000	37 304 000
Total Assets	41 087 000	40 713 000	39 382 000	38 462 000
Total Retained Equity	2 468 000	3 860 000	2 968 000	5 590 000
Total Equity	9 276 000	10 669 000	9 777 000	9 654 000
Total Long-Term Debt	6 791 000	6 733 000	917 000	759 000
Total Current Debt	25 019 000	23 312 000	28 689 000	28 049 000
Total Equity and Debt	41 087 000	40 713 000	39 382 000	38 462 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	77 818 000	78 608 000	78 865 000	91 502 000
Other Income	5 806 000	3 532 000	400 000	0
Revenue	83 624 000	82 141 000	79 265 000	91 502 000
Cost of Goods Sold	12 527 000	11 402 000	12 506 000	16 327 000
Salary Costs	27 648 000	25 936 000	31 901 000	33 020 000
Depreciation	1 475 000	1 376 000	264 000	453 000
Impairment	0	0	0	0
Expenditure	85 615 000	80 527 000	82 939 000	90 421 000
Operating Profit	−1 991 000	1 613 000	−3 674 000	1 081 000
Financial Income	600 000	197 000	318 000	646 000
Financial Costs	198 000	219 000	3 000	1 000
Financial Balance	402 000	−22 000	315 000	645 000
Dividends	0	0	0	0
Net Income	−1 243 000	1 273 000	−2 622 000	1 343 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	557 000	224 000	199 000	235 000
Real Eastate	4 874 000	5 790 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 511 000	712 000	813 000	932 000
Total Tangible Assets	6 386 000	6 502 000	813 000	932 000
Total Fiancial Fixed Assets	0	0	−16 000	−10 000
Total Fixed Assets	6 943 000	6 726 000	996 000	1 158 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	32 535 000	31 744 000
Total Current Assets	34 144 000	33 987 000	38 386 000	37 304 000
Total Assets	41 087 000	40 713 000	39 382 000	38 462 000
Total Equity	9 276 000	10 669 000	9 777 000	9 654 000
Short-Term Group Debt	149 000	300 000	0	0
Total Long-Term Debt	6 791 000	6 733 000	917 000	759 000
Creditors	5 633 000	1 999 000	8 503 000	7 365 000
Unpaid Taxes	1 937 000	1 987 000	1 751 000	2 057 000
Dividends	0	0	0	0
Other Current Debt	17 301 000	18 742 000	18 435 000	18 628 000
Total Current Debt	25 019 000	23 312 000	28 689 000	28 049 000
Total Equity and Debt	41 087 000	40 713 000	39 382 000	38 462 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,4 %	11,93 %	−26,82 %	13,91 %
Debt-to-Equity Ratio	0,73	0,63	0,09	0,08
Operating Profit Margin	−2,38 %	1,96 %	−4,64 %	1,18 %
Current Ratio	1,36	1,46	1,34	1,33
Quick Ratio	1,36	1,46	1,34	1,33
Equity Ratio	0,23	0,26	0,25	0,25
Gross Profit Margin	85,02 %	86,12 %	84,22 %	82,16 %