VARDE BORETTSLAG

1850 MYSEN

Finances

Share Ownership

Return on Equity

22,87 %

Current Ratio

10,43

Debt-to-Equity Ratio

−2,62

Key figures (NOK)	2022	2021	2020	2019
Revenue	380 000	380 000	380 000	380 000
Net Income	−102 000	152 000	136 000	111 000
Total Assets	757 000	919 000	884 000	831 000
Total Equity	−446 000	−344 000	−496 000	−633 000

Income (NOK)	2022	2021	2020	2019
Revenue	380 000	380 000	380 000	380 000
Expenditure	451 000	207 000	216 000	234 000
Operating Profit	−71 000	173 000	165 000	147 000
Financial Income	3 000	2 000	3 000	4 000
Financial Costs	33 000	23 000	31 000	39 000
Financial Balance	−30 000	−21 000	−28 000	−35 000
Earnings Before Tax	−102 000	152 000	136 000	111 000
Tax	0	0	0	0
Net Income	−102 000	152 000	136 000	111 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	392 000	392 000	392 000	392 000
Total Current Assets	365 000	528 000	492 000	439 000
Total Assets	757 000	919 000	884 000	831 000
Total Retained Equity	−446 000	345 000	497 000	633 000
Total Equity	−446 000	−344 000	−496 000	−633 000
Total Long-Term Debt	1 167 000	1 232 000	1 332 000	1 428 000
Total Current Debt	35 000	0	17 000	4 000
Total Equity and Debt	757 000	919 000	884 000	831 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	380 000	0	0	0
Other Income	0	380 000	380 000	380 000
Revenue	380 000	380 000	380 000	380 000
Cost of Goods Sold	0	0	0	0
Salary Costs	9 000	9 000	9 000	9 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	451 000	207 000	216 000	234 000
Operating Profit	−71 000	173 000	165 000	147 000
Financial Income	3 000	2 000	3 000	4 000
Financial Costs	33 000	23 000	31 000	39 000
Financial Balance	−30 000	−21 000	−28 000	−35 000
Dividends	0	0	0	0
Net Income	−102 000	152 000	136 000	111 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	360 000	360 000	360 000	360 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	360 000	360 000	360 000	360 000
Total Fiancial Fixed Assets	31 000	31 000	31 000	31 000
Total Fixed Assets	392 000	392 000	392 000	392 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	257 000	472 000	439 000	406 000
Total Current Assets	365 000	528 000	492 000	439 000
Total Assets	757 000	919 000	884 000	831 000
Total Equity	−446 000	−344 000	−496 000	−633 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 167 000	1 232 000	1 332 000	1 428 000
Creditors	34 000	0	17 000	4 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 000	0	0	0
Total Current Debt	35 000	0	17 000	4 000
Total Equity and Debt	757 000	919 000	884 000	831 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,87 %	−44,19 %	−27,42 %	−17,54 %
Debt-to-Equity Ratio	−2,62	−3,58	−2,69	−2,26
Operating Profit Margin	−18,68 %	45,53 %	43,42 %	38,68 %
Current Ratio	10,43	-	28,94	109,75
Quick Ratio	10,43	-	28,94	109,75
Equity Ratio	−0,59	−0,37	−0,56	−0,76
Gross Profit Margin	100 %	100 %	100 %	100 %