VARDE AS

6517 KRISTIANSUND N

Finances

Share Ownership

Return on Equity

0,16 %

Current Ratio

3,95

Debt-to-Equity Ratio

0,91

Key figures (NOK)	2022	2021	2020	2019
Revenue	52 269 000	56 470 000	59 400 000	55 478 000
Net Income	19 000	4 005 000	3 763 000	1 123 000
Total Assets	28 629 000	48 074 000	56 301 000	53 598 000
Total Equity	11 822 000	10 948 000	31 003 000	27 241 000

Income (NOK)	2022	2021	2020	2019
Revenue	52 269 000	56 470 000	59 400 000	55 478 000
Expenditure	54 764 000	53 567 000	55 639 000	53 609 000
Operating Profit	−204 000	4 340 000	4 430 000	1 740 000
Financial Income	312 000	122 000	154 000	124 000
Financial Costs	90 000	454 000	632 000	741 000
Financial Balance	222 000	−332 000	−478 000	−617 000
Earnings Before Tax	19 000	4 008 000	3 952 000	1 123 000
Tax	0	3 000	189 000	0
Net Income	19 000	4 005 000	3 763 000	1 123 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 839 000	5 270 000	27 375 000	28 387 000
Total Current Assets	23 790 000	42 804 000	28 927 000	25 210 000
Total Assets	28 629 000	48 074 000	56 301 000	53 598 000
Total Retained Equity	11 628 000	10 754 000	29 633 000	25 870 000
Total Equity	11 822 000	10 948 000	31 003 000	27 241 000
Total Long-Term Debt	10 784 000	29 042 000	17 131 000	18 665 000
Total Current Debt	6 023 000	8 083 000	8 167 000	7 692 000
Total Equity and Debt	28 629 000	48 074 000	56 301 000	53 598 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	33 917 000	38 661 000	43 000 000	39 745 000
Other Income	18 352 000	17 809 000	16 400 000	15 732 000
Revenue	52 269 000	56 470 000	59 400 000	55 478 000
Cost of Goods Sold	15 352 000	15 786 000	15 495 000	15 046 000
Salary Costs	17 885 000	23 804 000	27 315 000	26 134 000
Depreciation	774 000	854 000	2 233 000	2 106 000
Impairment	0	0	0	0
Expenditure	54 764 000	53 567 000	55 639 000	53 609 000
Operating Profit	−204 000	4 340 000	4 430 000	1 740 000
Financial Income	312 000	122 000	154 000	124 000
Financial Costs	90 000	454 000	632 000	741 000
Financial Balance	222 000	−332 000	−478 000	−617 000
Dividends	0	0	0	0
Net Income	19 000	4 005 000	3 763 000	1 123 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	161 000	113 000	148 000	0
Real Eastate	0	0	21 394 000	22 684 000
Machinery and Plant Facilities	1 505 000	1 020 000	2 437 000	2 370 000
Fixtures	663 000	839 000	1 067 000	1 092 000
Total Tangible Assets	2 168 000	1 859 000	24 898 000	26 147 000
Total Fiancial Fixed Assets	2 510 000	3 298 000	2 329 000	2 241 000
Total Fixed Assets	4 839 000	5 270 000	27 375 000	28 387 000
Stock	13 850 000	14 537 000	14 546 000	13 878 000
Total Investments	0	0	0	0
Cash, Bank	3 292 000	8 778 000	6 240 000	3 076 000
Total Current Assets	23 790 000	42 804 000	28 927 000	25 210 000
Total Assets	28 629 000	48 074 000	56 301 000	53 598 000
Total Equity	11 822 000	10 948 000	31 003 000	27 241 000
Short-Term Group Debt	1 030 000	0	0	0
Total Long-Term Debt	10 784 000	29 042 000	17 131 000	18 665 000
Creditors	1 623 000	4 050 000	2 579 000	2 039 000
Unpaid Taxes	1 468 000	1 389 000	2 364 000	2 501 000
Dividends	0	0	0	0
Other Current Debt	1 902 000	2 641 000	3 035 000	3 152 000
Total Current Debt	6 023 000	8 083 000	8 167 000	7 692 000
Total Equity and Debt	28 629 000	48 074 000	56 301 000	53 598 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,16 %	36,58 %	12,14 %	4,12 %
Debt-to-Equity Ratio	0,91	2,65	0,55	0,69
Operating Profit Margin	−0,39 %	7,69 %	7,46 %	3,14 %
Current Ratio	3,95	5,3	3,54	3,28
Quick Ratio	−3,04	−6,63	−4,53	−4,08
Equity Ratio	0,41	0,23	0,55	0,51
Gross Profit Margin	70,63 %	72,05 %	73,91 %	72,88 %