VARODD VELFERDSTEKNOLOGI AS

4626 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

13,68 %

Current Ratio

2,37

Debt-to-Equity Ratio

1,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	99 336 000	95 581 000	111 810 000	70 659 000
Net Income	3 746 000	4 544 000	10 026 000	1 434 000
Total Assets	95 452 000	85 788 000	85 857 000	76 428 000
Total Equity	27 389 000	25 644 000	23 100 000	13 074 000

Income (NOK)	2022	2021	2020	2019
Revenue	99 336 000	95 581 000	111 810 000	70 659 000
Expenditure	93 272 000	87 993 000	98 543 000	68 225 000
Operating Profit	6 064 000	7 588 000	13 267 000	2 434 000
Financial Income	1 051 000	431 000	1 589 000	1 650 000
Financial Costs	2 313 000	2 194 000	2 020 000	2 246 000
Financial Balance	−1 262 000	−1 763 000	−431 000	−596 000
Earnings Before Tax	4 802 000	5 825 000	12 836 000	1 838 000
Tax	1 056 000	1 281 000	2 810 000	404 000
Net Income	3 746 000	4 544 000	10 026 000	1 434 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	45 197 000	44 610 000	44 638 000	43 857 000
Total Current Assets	50 255 000	41 178 000	41 219 000	32 571 000
Total Assets	95 452 000	85 788 000	85 857 000	76 428 000
Total Retained Equity	19 889 000	18 144 000	15 600 000	5 574 000
Total Equity	27 389 000	25 644 000	23 100 000	13 074 000
Total Long-Term Debt	46 818 000	47 751 000	50 832 000	53 813 000
Total Current Debt	21 245 000	12 393 000	11 925 000	9 541 000
Total Equity and Debt	95 452 000	85 788 000	85 857 000	76 428 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	99 336 000	95 581 000	111 810 000	70 659 000
Other Income	0	0	0	0
Revenue	99 336 000	95 581 000	111 810 000	70 659 000
Cost of Goods Sold	74 754 000	70 735 000	84 334 000	54 098 000
Salary Costs	10 724 000	10 402 000	8 538 000	8 425 000
Depreciation	397 000	332 000	283 000	358 000
Impairment	0	0	0	0
Expenditure	93 272 000	87 993 000	98 543 000	68 225 000
Operating Profit	6 064 000	7 588 000	13 267 000	2 434 000
Financial Income	1 051 000	431 000	1 589 000	1 650 000
Financial Costs	2 313 000	2 194 000	2 020 000	2 246 000
Financial Balance	−1 262 000	−1 763 000	−431 000	−596 000
Dividends	0	0	0	0
Net Income	3 746 000	4 544 000	10 026 000	1 434 000

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	4 000	11 000	17 000
Fixtures	1 409 000	1 311 000	886 000	701 000
Total Tangible Assets	1 409 000	1 315 000	897 000	718 000
Total Fiancial Fixed Assets	43 788 000	43 295 000	43 741 000	43 139 000
Total Fixed Assets	45 197 000	44 610 000	44 638 000	43 857 000
Stock	13 671 000	13 860 000	13 693 000	10 118 000
Total Investments	0	0	0	0
Cash, Bank	12 660 000	16 020 000	14 480 000	13 697 000
Total Current Assets	50 255 000	41 178 000	41 219 000	32 571 000
Total Assets	95 452 000	85 788 000	85 857 000	76 428 000
Total Equity	27 389 000	25 644 000	23 100 000	13 074 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	46 818 000	47 751 000	50 832 000	53 813 000
Creditors	7 743 000	2 575 000	3 020 000	1 997 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	12 512 000	8 455 000	6 114 000	6 996 000
Total Current Debt	21 245 000	12 393 000	11 925 000	9 541 000
Total Equity and Debt	95 452 000	85 788 000	85 857 000	76 428 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,68 %	17,72 %	43,4 %	10,97 %
Debt-to-Equity Ratio	1,71	1,86	2,2	4,12
Operating Profit Margin	6,1 %	7,94 %	11,87 %	3,44 %
Current Ratio	2,37	3,32	3,46	3,41
Quick Ratio	6,64	−28,07	−23,31	−56,45
Equity Ratio	0,29	0,3	0,27	0,17
Gross Profit Margin	24,75 %	25,99 %	24,57 %	23,44 %