VARDBERG FISHERIES

6003 ÅLESUND

Finances

Share Ownership

Return on Equity

−85,38 %

Current Ratio

14,31

Debt-to-Equity Ratio

−1,49

Key figures (NOK)	2022	2021	2020	2019
Revenue	129 640 000	86 108 000	105 786 000	108 692 000
Net Income	25 747 000	−27 787 000	−4 517 000	385 000
Total Assets	15 745 000	28 626 000	25 213 000	31 186 000
Total Equity	−30 155 000	−55 903 000	−35 716 000	−31 198 000

Income (NOK)	2022	2021	2020	2019
Revenue	129 640 000	86 108 000	105 786 000	108 692 000
Expenditure	101 571 000	113 731 000	107 525 000	109 053 000
Operating Profit	28 070 000	−27 623 000	−1 738 000	−361 000
Financial Income	1 000	2 849 000	5 407 000	4 036 000
Financial Costs	2 324 000	3 013 000	8 187 000	3 290 000
Financial Balance	−2 323 000	−164 000	−2 780 000	746 000
Earnings Before Tax	25 747 000	−27 787 000	−4 517 000	385 000
Tax	0	0	0	0
Net Income	25 747 000	−27 787 000	−4 517 000	385 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	5 400 000	5 000 000	7 500 000
Total Current Assets	15 745 000	23 226 000	20 213 000	23 686 000
Total Assets	15 745 000	28 626 000	25 213 000	31 186 000
Total Retained Equity	−42 155 000	−67 903 000	−47 716 000	−43 198 000
Total Equity	−30 155 000	−55 903 000	−35 716 000	−31 198 000
Total Long-Term Debt	44 800 000	44 800 000	50 800 000	50 800 000
Total Current Debt	1 100 000	39 728 000	10 129 000	11 584 000
Total Equity and Debt	15 745 000	28 626 000	25 213 000	31 186 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	61 442 000	84 766 000	105 786 000	108 692 000
Other Income	68 198 000	1 342 000	0	0
Revenue	129 640 000	86 108 000	105 786 000	108 692 000
Cost of Goods Sold	14 513 000	17 260 000	25 663 000	30 034 000
Salary Costs	18 119 000	21 290 000	23 194 000	23 116 000
Depreciation	4 025 000	4 200 000	2 500 000	2 500 000
Impairment	0	0	0	0
Expenditure	101 571 000	113 731 000	107 525 000	109 053 000
Operating Profit	28 070 000	−27 623 000	−1 738 000	−361 000
Financial Income	1 000	2 849 000	5 407 000	4 036 000
Financial Costs	2 324 000	3 013 000	8 187 000	3 290 000
Financial Balance	−2 323 000	−164 000	−2 780 000	746 000
Dividends	0	0	0	0
Net Income	25 747 000	−27 787 000	−4 517 000	385 000

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	0	0	0	0
Total Tangible Assets	0	5 400 000	5 000 000	7 500 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	5 400 000	5 000 000	7 500 000
Stock	0	4 595 000	2 894 000	4 188 000
Total Investments	0	0	0	0
Cash, Bank	15 472 000	3 839 000	4 340 000	17 477 000
Total Current Assets	15 745 000	23 226 000	20 213 000	23 686 000
Total Assets	15 745 000	28 626 000	25 213 000	31 186 000
Total Equity	−30 155 000	−55 903 000	−35 716 000	−31 198 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	44 800 000	44 800 000	50 800 000	50 800 000
Creditors	1 100 000	20 666 000	6 003 000	10 103 000
Unpaid Taxes	0	285 000	0	0
Dividends	0	0	0	0
Other Current Debt	0	18 777 000	4 126 000	1 481 000
Total Current Debt	1 100 000	39 728 000	10 129 000	11 584 000
Total Equity and Debt	15 745 000	28 626 000	25 213 000	31 186 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−85,38 %	49,71 %	12,65 %	−1,23 %
Debt-to-Equity Ratio	−1,49	−0,8	−1,42	−1,63
Operating Profit Margin	21,65 %	−32,08 %	−1,64 %	−0,33 %
Current Ratio	14,31	0,58	2	2,04
Quick Ratio	14,31	0,66	2,79	3,2
Equity Ratio	−1,92	−1,95	−1,42	−1
Gross Profit Margin	88,81 %	79,96 %	75,74 %	72,37 %