VARD1 AS

3300 HOKKSUND

Finances

Share Ownership

Return on Equity

19,02 %

Current Ratio

0,94

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 028 000	1 989 000	2 119 000	1 954 000
Net Income	1 293 000	820 000	1 479 000	1 368 000
Total Assets	10 225 000	9 667 000	10 925 000	10 731 000
Total Equity	6 798 000	6 819 000	7 502 000	7 510 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 028 000	1 989 000	2 119 000	1 954 000
Expenditure	401 000	942 000	235 000	223 000
Operating Profit	1 627 000	1 047 000	1 884 000	1 731 000
Financial Income	30 000	4 000	12 000	23 000
Financial Costs	0	0	0	0
Financial Balance	30 000	4 000	12 000	23 000
Earnings Before Tax	1 658 000	1 051 000	1 896 000	1 754 000
Tax	365 000	231 000	417 000	386 000
Net Income	1 293 000	820 000	1 479 000	1 368 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 347 000	8 474 000	8 688 000	8 815 000
Total Current Assets	1 878 000	1 193 000	2 237 000	1 916 000
Total Assets	10 225 000	9 667 000	10 925 000	10 731 000
Total Retained Equity	6 079 000	6 100 000	6 212 000	6 220 000
Total Equity	6 798 000	6 819 000	7 502 000	7 510 000
Total Long-Term Debt	1 435 000	1 441 000	1 445 000	1 448 000
Total Current Debt	1 992 000	1 407 000	1 977 000	1 773 000
Total Equity and Debt	10 225 000	9 667 000	10 925 000	10 731 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 000	24 000	0	0
Other Income	2 027 000	1 965 000	2 119 000	1 954 000
Revenue	2 028 000	1 989 000	2 119 000	1 954 000
Cost of Goods Sold	22 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	127 000	127 000	127 000	127 000
Impairment	0	0	0	0
Expenditure	401 000	942 000	235 000	223 000
Operating Profit	1 627 000	1 047 000	1 884 000	1 731 000
Financial Income	30 000	4 000	12 000	23 000
Financial Costs	0	0	0	0
Financial Balance	30 000	4 000	12 000	23 000
Dividends	0	0	0	0
Net Income	1 293 000	820 000	1 479 000	1 368 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	8 306 000	8 420 000	8 621 000	8 735 000
Machinery and Plant Facilities	41 000	54 000	66 000	79 000
Fixtures	0	0	0	0
Total Tangible Assets	8 347 000	8 474 000	8 688 000	8 815 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	8 347 000	8 474 000	8 688 000	8 815 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 000	1 000	1 000	1 000
Total Current Assets	1 878 000	1 193 000	2 237 000	1 916 000
Total Assets	10 225 000	9 667 000	10 925 000	10 731 000
Total Equity	6 798 000	6 819 000	7 502 000	7 510 000
Short-Term Group Debt	1 684 000	1 070 000	1 906 000	1 755 000
Total Long-Term Debt	1 435 000	1 441 000	1 445 000	1 448 000
Creditors	38 000	68 000	51 000	12 000
Unpaid Taxes	0	0	0	6 000
Dividends	0	0	0	0
Other Current Debt	269 000	269 000	20 000	0
Total Current Debt	1 992 000	1 407 000	1 977 000	1 773 000
Total Equity and Debt	10 225 000	9 667 000	10 925 000	10 731 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,02 %	12,03 %	19,71 %	18,22 %
Debt-to-Equity Ratio	0,21	0,21	0,19	0,19
Operating Profit Margin	80,23 %	52,64 %	88,91 %	88,59 %
Current Ratio	0,94	0,85	1,13	1,08
Quick Ratio	0,94	0,85	1,13	1,08
Equity Ratio	0,66	0,71	0,69	0,7
Gross Profit Margin	98,92 %	100 %	100 %	100 %