VARDEN AS

8400 SORTLAND

Finances

Return on Equity

−125,48 %

Current Ratio

0,19

Debt-to-Equity Ratio

11,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 454 000	1 898 000	1 408 000	844 000
Net Income	−1 507 000	49 000	−243 000	83 000
Total Assets	16 487 000	16 661 000	15 572 000	18 141 000
Total Equity	1 201 000	708 000	660 000	903 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 454 000	1 898 000	1 408 000	844 000
Expenditure	3 289 000	1 502 000	1 671 000	1 082 000
Operating Profit	−835 000	396 000	−263 000	−239 000
Financial Income	0	0	505 000	884 000
Financial Costs	672 000	347 000	485 000	562 000
Financial Balance	−672 000	−347 000	20 000	322 000
Earnings Before Tax	−1 507 000	49 000	−243 000	83 000
Tax	0	0	0	0
Net Income	−1 507 000	49 000	−243 000	83 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 106 000	16 136 000	14 950 000	15 585 000
Total Current Assets	381 000	524 000	622 000	2 556 000
Total Assets	16 487 000	16 661 000	15 572 000	18 141 000
Total Retained Equity	0	608 000	560 000	803 000
Total Equity	1 201 000	708 000	660 000	903 000
Total Long-Term Debt	13 259 000	14 901 000	14 802 000	17 118 000
Total Current Debt	2 026 000	1 052 000	111 000	120 000
Total Equity and Debt	16 487 000	16 661 000	15 572 000	18 141 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 129 000	1 898 000	1 408 000	844 000
Other Income	325 000	0	0	0
Revenue	2 454 000	1 898 000	1 408 000	844 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 010 000	1 058 000	0	0
Depreciation	776 000	801 000	817 000	727 000
Impairment	0	0	0	0
Expenditure	3 289 000	1 502 000	1 671 000	1 082 000
Operating Profit	−835 000	396 000	−263 000	−239 000
Financial Income	0	0	505 000	884 000
Financial Costs	672 000	347 000	485 000	562 000
Financial Balance	−672 000	−347 000	20 000	322 000
Dividends	0	0	0	0
Net Income	−1 507 000	49 000	−243 000	83 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 523 000	1 414 000	1 550 000	1 524 000
Machinery and Plant Facilities	3 544 000	4 243 000	4 907 000	5 579 000
Fixtures	0	246 000	246 000	252 000
Total Tangible Assets	5 067 000	5 902 000	6 703 000	7 356 000
Total Fiancial Fixed Assets	11 039 000	10 234 000	8 247 000	8 229 000
Total Fixed Assets	16 106 000	16 136 000	14 950 000	15 585 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	72 000	1 000	60 000	1 004 000
Total Current Assets	381 000	524 000	622 000	2 556 000
Total Assets	16 487 000	16 661 000	15 572 000	18 141 000
Total Equity	1 201 000	708 000	660 000	903 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	13 259 000	14 901 000	14 802 000	17 118 000
Creditors	29 000	126 000	109 000	101 000
Unpaid Taxes	239 000	183 000	2 000	0
Dividends	0	0	0	0
Other Current Debt	1 759 000	743 000	0	19 000
Total Current Debt	2 026 000	1 052 000	111 000	120 000
Total Equity and Debt	16 487 000	16 661 000	15 572 000	18 141 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−125,48 %	6,92 %	−36,82 %	9,19 %
Debt-to-Equity Ratio	11,04	21,05	22,43	18,96
Operating Profit Margin	−34,03 %	20,86 %	−18,68 %	−28,32 %
Current Ratio	0,19	0,5	5,6	21,3
Quick Ratio	0,19	0,5	5,6	21,3
Equity Ratio	0,07	0,04	0,04	0,05
Gross Profit Margin	100 %	100 %	100 %	100 %