GS VARDE EIENDOM AS

3944 PORSGRUNN

Finances

Share Ownership

Return on Equity

1,28 %

Current Ratio

25,56

Debt-to-Equity Ratio

11,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	240 000	180 000	167 000	172 000
Net Income	6 000	−12 000	−41 000	−49 000
Total Assets	5 673 000	3 378 000	3 544 000	3 671 000
Total Equity	469 000	463 000	476 000	517 000

Income (NOK)	2022	2021	2020	2019
Revenue	240 000	180 000	167 000	172 000
Expenditure	98 000	104 000	112 000	113 000
Operating Profit	142 000	76 000	55 000	59 000
Financial Income	1 000	0	0	0
Financial Costs	136 000	91 000	108 000	122 000
Financial Balance	−135 000	−91 000	−108 000	−122 000
Earnings Before Tax	7 000	−16 000	−53 000	−63 000
Tax	2 000	−3 000	−12 000	−14 000
Net Income	6 000	−12 000	−41 000	−49 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 442 000	2 884 000	2 924 000	2 963 000
Total Current Assets	230 000	494 000	621 000	708 000
Total Assets	5 673 000	3 378 000	3 544 000	3 671 000
Total Retained Equity	6 000	0	0	0
Total Equity	469 000	463 000	476 000	517 000
Total Long-Term Debt	5 194 000	2 914 000	3 069 000	3 154 000
Total Current Debt	9 000	1 000	0	0
Total Equity and Debt	5 673 000	3 378 000	3 544 000	3 671 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	240 000	180 000	167 000	172 000
Other Income	0	0	0	0
Revenue	240 000	180 000	167 000	172 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	34 000	39 000	39 000	39 000
Impairment	0	0	0	0
Expenditure	98 000	104 000	112 000	113 000
Operating Profit	142 000	76 000	55 000	59 000
Financial Income	1 000	0	0	0
Financial Costs	136 000	91 000	108 000	122 000
Financial Balance	−135 000	−91 000	−108 000	−122 000
Dividends	0	0	0	0
Net Income	6 000	−12 000	−41 000	−49 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	5 442 000	2 880 000	2 910 000	2 940 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	4 000	13 000	23 000
Total Tangible Assets	5 442 000	2 884 000	2 924 000	2 963 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	5 442 000	2 884 000	2 924 000	2 963 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	46 000	5 000	38 000
Total Current Assets	230 000	494 000	621 000	708 000
Total Assets	5 673 000	3 378 000	3 544 000	3 671 000
Total Equity	469 000	463 000	476 000	517 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 194 000	2 914 000	3 069 000	3 154 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	9 000	1 000	0	0
Total Equity and Debt	5 673 000	3 378 000	3 544 000	3 671 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,28 %	−2,59 %	−8,61 %	−9,48 %
Debt-to-Equity Ratio	11,07	6,29	6,45	6,1
Operating Profit Margin	59,17 %	42,22 %	32,93 %	34,3 %
Current Ratio	25,56	494	-	-
Quick Ratio	25,56	494	-	-
Equity Ratio	0,08	0,14	0,13	0,14
Gross Profit Margin	100 %	100 %	100 %	100 %