VARTDAL GJENVINNING AS

6170 VARTDAL

Finances

Return on Equity

17,22 %

Current Ratio

2,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	415 438 000	304 010 000	204 329 000	180 386 000
Net Income	51 790 000	24 086 000	19 005 000	6 690 000
Total Assets	363 098 000	340 750 000	316 642 000	261 280 000
Total Equity	300 757 000	249 767 000	226 281 000	207 477 000

Income (NOK)	2022	2021	2020	2019
Revenue	415 438 000	304 010 000	204 329 000	180 386 000
Expenditure	349 590 000	278 643 000	180 021 000	168 711 000
Operating Profit	65 848 000	25 366 000	24 308 000	11 675 000
Financial Income	1 872 000	5 472 000	1 878 000	286 000
Financial Costs	2 218 000	1 234 000	2 149 000	1 050 000
Financial Balance	−346 000	4 238 000	−271 000	−764 000
Earnings Before Tax	65 503 000	29 604 000	24 038 000	10 911 000
Tax	13 712 000	5 519 000	5 033 000	4 221 000
Net Income	51 790 000	24 086 000	19 005 000	6 690 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	226 172 000	240 222 000	237 003 000	197 321 000
Total Current Assets	136 926 000	100 529 000	79 639 000	63 958 000
Total Assets	363 098 000	340 750 000	316 642 000	261 280 000
Total Retained Equity	234 615 000	183 436 000	160 050 000	141 332 000
Total Equity	300 757 000	249 767 000	226 281 000	207 477 000
Total Long-Term Debt	988 000	42 310 000	47 674 000	22 000 000
Total Current Debt	61 353 000	48 674 000	42 687 000	31 803 000
Total Equity and Debt	363 098 000	340 750 000	316 642 000	261 280 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	410 073 000	301 206 000	204 200 000	179 147 000
Other Income	5 365 000	2 804 000	129 000	1 239 000
Revenue	415 438 000	304 010 000	204 329 000	180 386 000
Cost of Goods Sold	242 335 000	177 710 000	102 097 000	97 489 000
Salary Costs	30 319 000	25 495 000	20 317 000	16 620 000
Depreciation	17 739 000	21 776 000	19 961 000	20 022 000
Impairment	0	0	0	0
Expenditure	349 590 000	278 643 000	180 021 000	168 711 000
Operating Profit	65 848 000	25 366 000	24 308 000	11 675 000
Financial Income	1 872 000	5 472 000	1 878 000	286 000
Financial Costs	2 218 000	1 234 000	2 149 000	1 050 000
Financial Balance	−346 000	4 238 000	−271 000	−764 000
Dividends	0	0	0	0
Net Income	51 790 000	24 086 000	19 005 000	6 690 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	5 909 000	14 251 000	22 593 000
Total Intangible Assets	11 650 000	16 444 000	22 742 000	28 335 000
Real Eastate	172 040 000	185 524 000	175 070 000	145 294 000
Machinery and Plant Facilities	26 191 000	21 955 000	27 536 000	12 830 000
Fixtures	4 199 000	2 722 000	2 634 000	3 029 000
Total Tangible Assets	202 431 000	210 202 000	205 240 000	161 153 000
Total Fiancial Fixed Assets	12 092 000	13 576 000	9 022 000	7 833 000
Total Fixed Assets	226 172 000	240 222 000	237 003 000	197 321 000
Stock	37 022 000	57 251 000	41 301 000	18 915 000
Total Investments	0	0	0	0
Cash, Bank	42 696 000	16 220 000	10 726 000	9 446 000
Total Current Assets	136 926 000	100 529 000	79 639 000	63 958 000
Total Assets	363 098 000	340 750 000	316 642 000	261 280 000
Total Equity	300 757 000	249 767 000	226 281 000	207 477 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	988 000	42 310 000	47 674 000	22 000 000
Creditors	20 538 000	26 148 000	18 363 000	21 411 000
Unpaid Taxes	6 213 000	4 161 000	3 815 000	1 811 000
Dividends	0	0	0	0
Other Current Debt	19 782 000	10 802 000	13 373 000	3 591 000
Total Current Debt	61 353 000	48 674 000	42 687 000	31 803 000
Total Equity and Debt	363 098 000	340 750 000	316 642 000	261 280 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,22 %	9,64 %	8,4 %	3,22 %
Debt-to-Equity Ratio	0	0,17	0,21	0,11
Operating Profit Margin	15,85 %	8,34 %	11,9 %	6,47 %
Current Ratio	2,23	2,07	1,87	2,01
Quick Ratio	5,63	−11,72	57,46	4,96
Equity Ratio	0,83	0,73	0,71	0,79
Gross Profit Margin	41,67 %	41,54 %	50,03 %	45,96 %