VARDØVEGEN BORETTSLAG

9600 HAMMERFEST

Finances

Share Ownership

Return on Equity

6,39 %

Current Ratio

3,91

Debt-to-Equity Ratio

1,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	639 000	622 000	610 000	599 000
Net Income	42 000	65 000	164 000	115 000
Total Assets	1 954 000	1 970 000	2 022 000	1 966 000
Total Equity	657 000	615 000	551 000	387 000

Income (NOK)	2022	2021	2020	2019
Revenue	639 000	622 000	610 000	599 000
Expenditure	576 000	542 000	425 000	453 000
Operating Profit	64 000	80 000	185 000	145 000
Financial Income	5 000	1 000	2 000	4 000
Financial Costs	27 000	17 000	23 000	34 000
Financial Balance	−22 000	−16 000	−21 000	−30 000
Earnings Before Tax	64 000	80 000	185 000	145 000
Tax	0	0	0	0
Net Income	42 000	65 000	164 000	115 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 425 000	1 638 000	1 638 000	1 587 000
Total Current Assets	528 000	332 000	384 000	379 000
Total Assets	1 954 000	1 970 000	2 022 000	1 966 000
Total Retained Equity	614 000	550 000	386 000	271 000
Total Equity	657 000	615 000	551 000	387 000
Total Long-Term Debt	1 162 000	1 279 000	1 401 000	1 523 000
Total Current Debt	135 000	76 000	71 000	56 000
Total Equity and Debt	1 954 000	1 970 000	2 022 000	1 966 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	639 000	622 000	610 000	599 000
Revenue	639 000	622 000	610 000	599 000
Cost of Goods Sold	0	0	0	0
Salary Costs	28 000	29 000	24 000	26 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	576 000	542 000	425 000	453 000
Operating Profit	64 000	80 000	185 000	145 000
Financial Income	5 000	1 000	2 000	4 000
Financial Costs	27 000	17 000	23 000	34 000
Financial Balance	−22 000	−16 000	−21 000	−30 000
Dividends	0	0	0	0
Net Income	42 000	65 000	164 000	115 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 424 000	1 424 000	1 424 000	1 424 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 424 000	1 424 000	1 424 000	1 424 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 425 000	1 638 000	1 638 000	1 587 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	497 000	258 000	315 000	324 000
Total Current Assets	528 000	332 000	384 000	379 000
Total Assets	1 954 000	1 970 000	2 022 000	1 966 000
Total Equity	657 000	615 000	551 000	387 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 162 000	1 279 000	1 401 000	1 523 000
Creditors	31 000	75 000	69 000	56 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	103 000	1 000	2 000	1 000
Total Current Debt	135 000	76 000	71 000	56 000
Total Equity and Debt	1 954 000	1 970 000	2 022 000	1 966 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,39 %	10,57 %	29,76 %	29,72 %
Debt-to-Equity Ratio	1,77	2,08	2,54	3,94
Operating Profit Margin	10,02 %	12,86 %	30,33 %	24,21 %
Current Ratio	3,91	4,37	5,41	6,77
Quick Ratio	3,91	4,37	5,41	6,77
Equity Ratio	0,34	0,31	0,27	0,2
Gross Profit Margin	100 %	100 %	100 %	100 %