VARDEÅSEN III BORETTSLAG

2004 LILLESTRØM

Finances

Share Ownership

Return on Equity

7,51 %

Current Ratio

7,31

Debt-to-Equity Ratio

0,56

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 845 000	3 735 000	3 739 000	3 724 000
Net Income	1 854 000	1 703 000	439 000	1 617 000
Total Assets	38 647 000	38 849 000	38 896 000	38 571 000
Total Equity	24 672 000	22 818 000	21 115 000	20 676 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 845 000	3 735 000	3 739 000	3 724 000
Expenditure	1 929 000	1 984 000	3 222 000	2 019 000
Operating Profit	1 916 000	1 751 000	517 000	1 705 000
Financial Income	1 000	2 000	2 000	5 000
Financial Costs	63 000	50 000	80 000	93 000
Financial Balance	−62 000	−48 000	−78 000	−88 000
Earnings Before Tax	1 854 000	1 703 000	439 000	1 617 000
Tax	0	0	0	0
Net Income	1 854 000	1 703 000	439 000	1 617 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	37 623 000	37 625 000	37 628 000	37 631 000
Total Current Assets	1 024 000	1 224 000	1 268 000	940 000
Total Assets	38 647 000	38 849 000	38 896 000	38 571 000
Total Retained Equity	24 667 000	22 813 000	21 110 000	20 671 000
Total Equity	24 672 000	22 818 000	21 115 000	20 676 000
Total Long-Term Debt	13 835 000	15 646 000	17 457 000	17 690 000
Total Current Debt	140 000	386 000	325 000	205 000
Total Equity and Debt	38 647 000	38 849 000	38 896 000	38 571 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 055 000	0	0	0
Other Income	789 000	3 735 000	3 739 000	3 724 000
Revenue	3 845 000	3 735 000	3 739 000	3 724 000
Cost of Goods Sold	0	0	0	0
Salary Costs	114 000	114 000	110 000	114 000
Depreciation	2 000	3 000	3 000	12 000
Impairment	0	0	0	0
Expenditure	1 929 000	1 984 000	3 222 000	2 019 000
Operating Profit	1 916 000	1 751 000	517 000	1 705 000
Financial Income	1 000	2 000	2 000	5 000
Financial Costs	63 000	50 000	80 000	93 000
Financial Balance	−62 000	−48 000	−78 000	−88 000
Dividends	0	0	0	0
Net Income	1 854 000	1 703 000	439 000	1 617 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	37 623 000	37 623 000	37 623 000	37 623 000
Machinery and Plant Facilities	0	2 000	5 000	8 000
Fixtures	0	0	0	0
Total Tangible Assets	37 623 000	37 625 000	37 628 000	37 631 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	37 623 000	37 625 000	37 628 000	37 631 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	619 000	893 000	947 000	862 000
Total Current Assets	1 024 000	1 224 000	1 268 000	940 000
Total Assets	38 647 000	38 849 000	38 896 000	38 571 000
Total Equity	24 672 000	22 818 000	21 115 000	20 676 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	13 835 000	15 646 000	17 457 000	17 690 000
Creditors	116 000	386 000	325 000	181 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	23 000	0	0	24 000
Total Current Debt	140 000	386 000	325 000	205 000
Total Equity and Debt	38 647 000	38 849 000	38 896 000	38 571 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,51 %	7,46 %	2,08 %	7,82 %
Debt-to-Equity Ratio	0,56	0,69	0,83	0,86
Operating Profit Margin	49,83 %	46,88 %	13,83 %	45,78 %
Current Ratio	7,31	3,17	3,9	4,59
Quick Ratio	7,31	3,17	3,9	4,59
Equity Ratio	0,64	0,59	0,54	0,54
Gross Profit Margin	100 %	100 %	100 %	100 %