VARDE VVS AS

3350 PRESTFOSS

Finances

Share Ownership

Return on Equity

48,21 %

Current Ratio

2,93

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	3 979 000	3 518 000	2 145 000
Net Income	1 076 000	738 000	388 000
Total Assets	3 291 000	1 706 000	1 088 000
Total Equity	2 232 000	1 156 000	418 000

Income (NOK)	2022	2021	2020
Revenue	3 979 000	3 518 000	2 145 000
Expenditure	2 602 000	2 572 000	1 647 000
Operating Profit	1 376 000	945 000	498 000
Financial Income	2 000	1 000	0
Financial Costs	0	1 000	1 000
Financial Balance	2 000	0	−1 000
Earnings Before Tax	1 379 000	946 000	498 000
Tax	302 000	209 000	109 000
Net Income	1 076 000	738 000	388 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	187 000	194 000	138 000
Total Current Assets	3 104 000	1 512 000	949 000
Total Assets	3 291 000	1 706 000	1 088 000
Total Retained Equity	2 202 000	1 126 000	388 000
Total Equity	2 232 000	1 156 000	418 000
Total Long-Term Debt	0	0	2 000
Total Current Debt	1 059 000	551 000	668 000
Total Equity and Debt	3 291 000	1 706 000	1 088 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 979 000	3 518 000	2 145 000
Other Income	0	0	0
Revenue	3 979 000	3 518 000	2 145 000
Cost of Goods Sold	1 622 000	1 720 000	960 000
Salary Costs	609 000	475 000	362 000
Depreciation	0	67 000	32 000
Impairment	0	0	0
Expenditure	2 602 000	2 572 000	1 647 000
Operating Profit	1 376 000	945 000	498 000
Financial Income	2 000	1 000	0
Financial Costs	0	1 000	1 000
Financial Balance	2 000	0	−1 000
Dividends	0	0	0
Net Income	1 076 000	738 000	388 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	187 000	85 000	0
Fixtures	0	110 000	138 000
Total Tangible Assets	187 000	194 000	138 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	187 000	194 000	138 000
Stock	222 000	217 000	214 000
Total Investments	0	0	0
Cash, Bank	1 956 000	927 000	551 000
Total Current Assets	3 104 000	1 512 000	949 000
Total Assets	3 291 000	1 706 000	1 088 000
Total Equity	2 232 000	1 156 000	418 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	2 000
Creditors	342 000	133 000	80 000
Unpaid Taxes	357 000	158 000	89 000
Dividends	0	0	0
Other Current Debt	58 000	49 000	391 000
Total Current Debt	1 059 000	551 000	668 000
Total Equity and Debt	3 291 000	1 706 000	1 088 000

Financial indicators	2022	2021	2020
Return on Equity	48,21 %	63,84 %	92,82 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	34,58 %	26,86 %	23,22 %
Current Ratio	2,93	2,74	1,42
Quick Ratio	3,71	4,53	2,09
Equity Ratio	0,68	0,68	0,38
Gross Profit Margin	59,24 %	51,11 %	55,24 %