VARDE EIENDOM AS

1363 HØVIK

Finances

Return on Equity

−2,84 %

Current Ratio

15,18

Debt-to-Equity Ratio

1,89

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 036 000	2 660 000	10 956 000	0
Net Income	−1 963 000	7 608 000	22 149 000	42 551 000
Total Assets	204 690 000	183 203 000	133 053 000	62 026 000
Total Equity	69 059 000	71 022 000	63 414 000	42 242 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 036 000	2 660 000	10 956 000	0
Expenditure	12 348 000	4 763 000	8 203 000	358 000
Operating Profit	−7 312 000	−2 103 000	2 753 000	−358 000
Financial Income	12 108 000	12 490 000	20 437 000	43 383 000
Financial Costs	6 759 000	2 787 000	756 000	474 000
Financial Balance	5 349 000	9 703 000	19 681 000	42 909 000
Earnings Before Tax	−1 963 000	7 599 000	22 434 000	42 551 000
Tax	0	−9 000	285 000	0
Net Income	−1 963 000	7 608 000	22 149 000	42 551 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	125 566 000	118 270 000	92 939 000	23 530 000
Total Current Assets	79 124 000	64 933 000	40 114 000	38 496 000
Total Assets	204 690 000	183 203 000	133 053 000	62 026 000
Total Retained Equity	69 037 000	71 000 000	63 392 000	42 220 000
Total Equity	69 059 000	71 022 000	63 414 000	42 242 000
Total Long-Term Debt	130 420 000	103 834 000	58 863 000	19 728 000
Total Current Debt	5 211 000	8 346 000	10 777 000	56 000
Total Equity and Debt	204 690 000	183 203 000	133 053 000	62 026 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 139 000	1 250 000	10 350 000	0
Other Income	1 897 000	1 410 000	606 000	0
Revenue	5 036 000	2 660 000	10 956 000	0
Cost of Goods Sold	2 060 000	0	6 453 000	0
Salary Costs	6 158 000	1 589 000	0	0
Depreciation	339 000	14 000	0	0
Impairment	0	0	0	0
Expenditure	12 348 000	4 763 000	8 203 000	358 000
Operating Profit	−7 312 000	−2 103 000	2 753 000	−358 000
Financial Income	12 108 000	12 490 000	20 437 000	43 383 000
Financial Costs	6 759 000	2 787 000	756 000	474 000
Financial Balance	5 349 000	9 703 000	19 681 000	42 909 000
Dividends	0	0	0	0
Net Income	−1 963 000	7 608 000	22 149 000	42 551 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 292 000	1 426 000	0	0
Total Tangible Assets	1 292 000	1 426 000	0	0
Total Fiancial Fixed Assets	124 275 000	116 844 000	92 939 000	23 530 000
Total Fixed Assets	125 566 000	118 270 000	92 939 000	23 530 000
Stock	71 145 000	59 966 000	32 491 000	0
Total Investments	0	0	0	0
Cash, Bank	4 723 000	1 532 000	755 000	38 496 000
Total Current Assets	79 124 000	64 933 000	40 114 000	38 496 000
Total Assets	204 690 000	183 203 000	133 053 000	62 026 000
Total Equity	69 059 000	71 022 000	63 414 000	42 242 000
Short-Term Group Debt	0	0	1 382 000	0
Total Long-Term Debt	130 420 000	103 834 000	58 863 000	19 728 000
Creditors	429 000	687 000	2 000 000	40 000
Unpaid Taxes	604 000	220 000	0	0
Dividends	0	0	0	0
Other Current Debt	4 177 000	7 440 000	7 395 000	16 000
Total Current Debt	5 211 000	8 346 000	10 777 000	56 000
Total Equity and Debt	204 690 000	183 203 000	133 053 000	62 026 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,84 %	10,71 %	34,93 %	100,73 %
Debt-to-Equity Ratio	1,89	1,46	0,93	0,47
Operating Profit Margin	−145,19 %	−79,06 %	25,13 %	-
Current Ratio	15,18	7,78	3,72	687,43
Quick Ratio	−1,2	−1,26	−1,85	687,43
Equity Ratio	0,34	0,39	0,48	0,68
Gross Profit Margin	59,09 %	100 %	41,1 %	-