VARDEÅSEN II BORETTSLAG

2004 LILLESTRØM

Finances

Share Ownership

Return on Equity

−231,16 %

Current Ratio

1,85

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 773 000	2 706 000	2 651 000	2 575 000
Net Income	−5 698 000	1 146 000	1 136 000	873 000
Total Assets	28 432 000	26 948 000	26 832 000	26 690 000
Total Equity	2 465 000	8 163 000	7 017 000	5 881 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 773 000	2 706 000	2 651 000	2 575 000
Expenditure	8 129 000	1 398 000	1 278 000	1 432 000
Operating Profit	−5 357 000	1 308 000	1 372 000	1 143 000
Financial Income	2 000	0	1 000	9 000
Financial Costs	343 000	162 000	237 000	279 000
Financial Balance	−341 000	−162 000	−236 000	−270 000
Earnings Before Tax	−5 698 000	1 146 000	1 136 000	873 000
Tax	0	0	0	0
Net Income	−5 698 000	1 146 000	1 136 000	873 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	25 976 000	25 976 000	25 976 000	25 976 000
Total Current Assets	2 456 000	972 000	856 000	714 000
Total Assets	28 432 000	26 948 000	26 832 000	26 690 000
Total Retained Equity	2 462 000	8 160 000	7 014 000	5 878 000
Total Equity	2 465 000	8 163 000	7 017 000	5 881 000
Total Long-Term Debt	24 641 000	18 612 000	19 695 000	20 741 000
Total Current Debt	1 326 000	173 000	120 000	68 000
Total Equity and Debt	28 432 000	26 948 000	26 832 000	26 690 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 769 000	0	0	0
Other Income	4 000	2 706 000	2 651 000	2 575 000
Revenue	2 773 000	2 706 000	2 651 000	2 575 000
Cost of Goods Sold	0	0	0	0
Salary Costs	270 000	149 000	135 000	139 000
Depreciation	0	0	0	9 000
Impairment	0	0	0	0
Expenditure	8 129 000	1 398 000	1 278 000	1 432 000
Operating Profit	−5 357 000	1 308 000	1 372 000	1 143 000
Financial Income	2 000	0	1 000	9 000
Financial Costs	343 000	162 000	237 000	279 000
Financial Balance	−341 000	−162 000	−236 000	−270 000
Dividends	0	0	0	0
Net Income	−5 698 000	1 146 000	1 136 000	873 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	25 976 000	25 976 000	25 976 000	25 976 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	25 976 000	25 976 000	25 976 000	25 976 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	25 976 000	25 976 000	25 976 000	25 976 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 304 000	802 000	729 000	658 000
Total Current Assets	2 456 000	972 000	856 000	714 000
Total Assets	28 432 000	26 948 000	26 832 000	26 690 000
Total Equity	2 465 000	8 163 000	7 017 000	5 881 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	24 641 000	18 612 000	19 695 000	20 741 000
Creditors	1 262 000	164 000	105 000	35 000
Unpaid Taxes	0	2 000	5 000	7 000
Dividends	0	0	0	0
Other Current Debt	64 000	7 000	10 000	25 000
Total Current Debt	1 326 000	173 000	120 000	68 000
Total Equity and Debt	28 432 000	26 948 000	26 832 000	26 690 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−231,16 %	14,04 %	16,19 %	14,84 %
Debt-to-Equity Ratio	10	2,28	2,81	3,53
Operating Profit Margin	−193,18 %	48,34 %	51,75 %	44,39 %
Current Ratio	1,85	5,62	7,13	10,5
Quick Ratio	1,85	5,62	7,13	10,5
Equity Ratio	0,09	0,3	0,26	0,22
Gross Profit Margin	100 %	100 %	100 %	100 %