VARÅSEN BORETTSLAG

5008 BERGEN

Finances

Share Ownership

Return on Equity

8,25 %

Current Ratio

0,7

Debt-to-Equity Ratio

−3,88

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 536 000	1 551 000	1 551 000	1 423 000
Net Income	−156 000	−16 000	−441 000	−1 127 000
Total Assets	5 913 000	6 001 000	6 136 000	5 105 000
Total Equity	−1 891 000	−1 735 000	−1 719 000	−1 278 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 536 000	1 551 000	1 551 000	1 423 000
Expenditure	1 557 000	1 457 000	1 880 000	2 438 000
Operating Profit	−21 000	94 000	−330 000	−1 016 000
Financial Income	6 000	3 000	2 000	7 000
Financial Costs	141 000	113 000	113 000	118 000
Financial Balance	−135 000	−110 000	−111 000	−111 000
Earnings Before Tax	−156 000	−16 000	−330 000	−1 016 000
Tax	0	0	0	0
Net Income	−156 000	−16 000	−441 000	−1 127 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 583 000	5 239 000	5 016 000	5 016 000
Total Current Assets	330 000	762 000	1 120 000	89 000
Total Assets	5 913 000	6 001 000	6 136 000	5 105 000
Total Retained Equity	−1 894 000	−1 738 000	−1 722 000	−1 281 000
Total Equity	−1 891 000	−1 735 000	−1 719 000	−1 278 000
Total Long-Term Debt	7 331 000	7 497 000	7 655 000	6 287 000
Total Current Debt	473 000	238 000	200 000	95 000
Total Equity and Debt	5 913 000	6 001 000	6 136 000	5 105 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 536 000	1 536 000	0	0
Other Income	0	15 000	1 551 000	1 423 000
Revenue	1 536 000	1 551 000	1 551 000	1 423 000
Cost of Goods Sold	0	0	0	0
Salary Costs	76 000	82 000	64 000	55 000
Depreciation	81 000	0	0	4 000
Impairment	0	0	0	0
Expenditure	1 557 000	1 457 000	1 880 000	2 438 000
Operating Profit	−21 000	94 000	−330 000	−1 016 000
Financial Income	6 000	3 000	2 000	7 000
Financial Costs	141 000	113 000	113 000	118 000
Financial Balance	−135 000	−110 000	−111 000	−111 000
Dividends	0	0	0	0
Net Income	−156 000	−16 000	−441 000	−1 127 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	5 016 000	5 016 000	5 016 000	5 016 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	567 000	223 000	0	0
Total Tangible Assets	5 583 000	5 239 000	5 016 000	5 016 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	5 583 000	5 239 000	5 016 000	5 016 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	192 000	759 000	1 024 000	74 000
Total Current Assets	330 000	762 000	1 120 000	89 000
Total Assets	5 913 000	6 001 000	6 136 000	5 105 000
Total Equity	−1 891 000	−1 735 000	−1 719 000	−1 278 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 331 000	7 497 000	7 655 000	6 287 000
Creditors	348 000	139 000	124 000	20 000
Unpaid Taxes	15 000	11 000	11 000	7 000
Dividends	0	0	0	0
Other Current Debt	110 000	88 000	65 000	69 000
Total Current Debt	473 000	238 000	200 000	95 000
Total Equity and Debt	5 913 000	6 001 000	6 136 000	5 105 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,25 %	0,92 %	25,65 %	88,18 %
Debt-to-Equity Ratio	−3,88	−4,32	−4,45	−4,92
Operating Profit Margin	−1,37 %	6,06 %	−21,28 %	−71,4 %
Current Ratio	0,7	3,2	5,6	0,94
Quick Ratio	0,7	3,2	5,6	0,94
Equity Ratio	−0,32	−0,29	−0,28	−0,25
Gross Profit Margin	100 %	100 %	100 %	100 %