VARD EIENDOM AS

2214 KONGSVINGER

Finances

Return on Equity

15,37 %

Current Ratio

0,46

Debt-to-Equity Ratio

0,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 850 000	5 838 000	3 724 000	241 000
Net Income	178 000	502 000	333 000	122 000
Total Assets	2 390 000	3 015 000	2 199 000	578 000
Total Equity	1 158 000	980 000	478 000	145 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 850 000	5 838 000	3 724 000	241 000
Expenditure	3 696 000	5 156 000	3 281 000	86 000
Operating Profit	154 000	682 000	442 000	154 000
Financial Income	137 000	0	1 000	0
Financial Costs	63 000	37 000	17 000	0
Financial Balance	74 000	−37 000	−16 000	0
Earnings Before Tax	228 000	645 000	426 000	155 000
Tax	50 000	142 000	94 000	32 000
Net Income	178 000	502 000	333 000	122 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 063 000	1 745 000	1 596 000	0
Total Current Assets	327 000	1 270 000	603 000	578 000
Total Assets	2 390 000	3 015 000	2 199 000	578 000
Total Retained Equity	1 128 000	950 000	448 000	122 000
Total Equity	1 158 000	980 000	478 000	145 000
Total Long-Term Debt	515 000	613 000	608 000	0
Total Current Debt	717 000	1 422 000	1 114 000	433 000
Total Equity and Debt	2 390 000	3 015 000	2 199 000	578 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 834 000	5 838 000	3 692 000	241 000
Other Income	16 000	0	32 000	0
Revenue	3 850 000	5 838 000	3 724 000	241 000
Cost of Goods Sold	912 000	1 026 000	896 000	52 000
Salary Costs	1 948 000	2 809 000	1 808 000	1 000
Depreciation	56 000	55 000	6 000	0
Impairment	0	0	0	0
Expenditure	3 696 000	5 156 000	3 281 000	86 000
Operating Profit	154 000	682 000	442 000	154 000
Financial Income	137 000	0	1 000	0
Financial Costs	63 000	37 000	17 000	0
Financial Balance	74 000	−37 000	−16 000	0
Dividends	0	0	0	0
Net Income	178 000	502 000	333 000	122 000

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	196 000	305 000	156 000	0
Fixtures	0	0	0	0
Total Tangible Assets	196 000	305 000	156 000	0
Total Fiancial Fixed Assets	1 867 000	1 440 000	1 440 000	0
Total Fixed Assets	2 063 000	1 745 000	1 596 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	50 000	226 000	77 000	437 000
Total Current Assets	327 000	1 270 000	603 000	578 000
Total Assets	2 390 000	3 015 000	2 199 000	578 000
Total Equity	1 158 000	980 000	478 000	145 000
Short-Term Group Debt	150 000	0	0	0
Total Long-Term Debt	515 000	613 000	608 000	0
Creditors	86 000	160 000	216 000	50 000
Unpaid Taxes	178 000	279 000	213 000	39 000
Dividends	0	0	0	0
Other Current Debt	209 000	482 000	503 000	312 000
Total Current Debt	717 000	1 422 000	1 114 000	433 000
Total Equity and Debt	2 390 000	3 015 000	2 199 000	578 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,37 %	51,22 %	69,67 %	84,14 %
Debt-to-Equity Ratio	0,44	0,63	1,27	0
Operating Profit Margin	4 %	11,68 %	11,87 %	63,9 %
Current Ratio	0,46	0,89	0,54	1,33
Quick Ratio	0,46	0,89	0,54	1,33
Equity Ratio	0,48	0,33	0,22	0,25
Gross Profit Margin	76,31 %	82,43 %	75,94 %	78,42 %