VARDE FISKEOPPDRETT AS

5600 NORHEIMSUND

Finances

Share Ownership

Return on Equity

17,15 %

Current Ratio

2,62

Debt-to-Equity Ratio

0,94

Key figures (NOK)	2022	2021	2020	2019
Revenue	297 055 000	250 842 000	348 231 000	56 241 000
Net Income	12 120 000	3 100 000	13 358 000	−8 098 000
Total Assets	159 502 000	177 829 000	154 063 000	420 942 000
Total Equity	70 672 000	58 552 000	55 452 000	165 119 000

Income (NOK)	2022	2021	2020	2019
Revenue	297 055 000	250 842 000	348 231 000	56 241 000
Expenditure	263 040 000	260 736 000	318 376 000	116 959 000
Operating Profit	17 023 000	6 125 000	4 458 000	−8 314 000
Financial Income	214 000	424 000	10 064 000	6 000
Financial Costs	1 692 000	2 575 000	5 291 000	−5 018 000
Financial Balance	−1 478 000	−2 151 000	4 773 000	5 024 000
Earnings Before Tax	15 545 000	3 974 000	9 230 000	−3 290 000
Tax	3 425 000	874 000	−4 128 000	4 808 000
Net Income	12 120 000	3 100 000	13 358 000	−8 098 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	101 188 000	88 188 000	102 029 000	199 755 000
Total Current Assets	58 314 000	89 642 000	52 034 000	221 187 000
Total Assets	159 502 000	177 829 000	154 063 000	420 942 000
Total Retained Equity	70 448 000	58 328 000	55 229 000	164 011 000
Total Equity	70 672 000	58 552 000	55 452 000	165 119 000
Total Long-Term Debt	66 606 000	62 954 000	70 851 000	217 074 000
Total Current Debt	22 224 000	56 323 000	27 760 000	38 748 000
Total Equity and Debt	159 502 000	177 829 000	154 063 000	420 942 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	266 716 000	213 553 000	280 481 000	56 241 000
Other Income	30 339 000	37 290 000	67 750 000	0
Revenue	297 055 000	250 842 000	348 231 000	56 241 000
Cost of Goods Sold	191 128 000	204 271 000	243 022 000	97 730 000
Salary Costs	14 085 000	14 263 000	18 898 000	5 739 000
Depreciation	10 871 000	12 874 000	15 814 000	3 769 000
Impairment	0	0	0	0
Expenditure	263 040 000	260 736 000	318 376 000	116 959 000
Operating Profit	17 023 000	6 125 000	4 458 000	−8 314 000
Financial Income	214 000	424 000	10 064 000	6 000
Financial Costs	1 692 000	2 575 000	5 291 000	−5 018 000
Financial Balance	−1 478 000	−2 151 000	4 773 000	5 024 000
Dividends	0	0	0	0
Net Income	12 120 000	3 100 000	13 358 000	−8 098 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	20 485 000	17 485 000	17 485 000	104 911 000
Real Eastate	2 479 000	2 632 000	2 784 000	2 937 000
Machinery and Plant Facilities	24 901 000	26 624 000	37 412 000	37 025 000
Fixtures	0	0	0	0
Total Tangible Assets	79 803 000	69 802 000	83 644 000	87 776 000
Total Fiancial Fixed Assets	900 000	900 000	900 000	7 067 000
Total Fixed Assets	101 188 000	88 188 000	102 029 000	199 755 000
Stock	20 109 000	37 101 000	18 882 000	181 433 000
Total Investments	0	0	0	0
Cash, Bank	11 238 000	1 098 000	6 571 000	6 500 000
Total Current Assets	58 314 000	89 642 000	52 034 000	221 187 000
Total Assets	159 502 000	177 829 000	154 063 000	420 942 000
Total Equity	70 672 000	58 552 000	55 452 000	165 119 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	66 606 000	62 954 000	70 851 000	217 074 000
Creditors	12 488 000	38 316 000	20 387 000	35 270 000
Unpaid Taxes	954 000	1 160 000	1 144 000	1 170 000
Dividends	0	0	0	0
Other Current Debt	4 649 000	1 814 000	1 597 000	2 308 000
Total Current Debt	22 224 000	56 323 000	27 760 000	38 748 000
Total Equity and Debt	159 502 000	177 829 000	154 063 000	420 942 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,15 %	5,29 %	24,09 %	−4,9 %
Debt-to-Equity Ratio	0,94	1,08	1,28	1,31
Operating Profit Margin	5,73 %	2,44 %	1,28 %	−14,78 %
Current Ratio	2,62	1,59	1,87	5,71
Quick Ratio	27,57	4,66	5,86	−1,55
Equity Ratio	0,44	0,33	0,36	0,39
Gross Profit Margin	35,66 %	18,57 %	30,21 %	−73,77 %