VARDØ KOMMUNALE BOLIG- OG EIENDOMSSELSKAP AS

9950 VARDØ

Finances

Return on Equity

4,43 %

Current Ratio

0,71

Debt-to-Equity Ratio

3,72

Key figures (NOK)	2021	2020	2019	2018
Revenue	8 116 000	8 046 000	8 663 000	7 372 000
Net Income	167 000	−78 000	778 000	−46 000
Total Assets	19 980 000	20 278 000	20 692 000	20 810 000
Total Equity	3 769 000	3 601 000	3 679 000	2 901 000

Income (NOK)	2021	2020	2019	2018
Revenue	8 116 000	8 046 000	8 663 000	7 372 000
Expenditure	7 319 000	7 559 000	6 972 000	6 761 000
Operating Profit	798 000	487 000	1 692 000	610 000
Financial Income	5 000	26 000	7 000	0
Financial Costs	426 000	485 000	578 000	523 000
Financial Balance	−421 000	−459 000	−571 000	−523 000
Earnings Before Tax	377 000	29 000	1 121 000	87 000
Tax	209 000	107 000	343 000	134 000
Net Income	167 000	−78 000	778 000	−46 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	18 426 000	18 981 000	19 371 000	19 873 000
Total Current Assets	1 554 000	1 297 000	1 321 000	938 000
Total Assets	19 980 000	20 278 000	20 692 000	20 810 000
Total Retained Equity	2 719 000	2 551 000	2 629 000	1 851 000
Total Equity	3 769 000	3 601 000	3 679 000	2 901 000
Total Long-Term Debt	14 031 000	14 753 000	15 353 000	16 128 000
Total Current Debt	2 180 000	1 924 000	1 660 000	1 781 000
Total Equity and Debt	19 980 000	20 278 000	20 692 000	20 810 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	517 000	0	0	1 000
Other Income	7 599 000	8 046 000	8 663 000	7 371 000
Revenue	8 116 000	8 046 000	8 663 000	7 372 000
Cost of Goods Sold	112 000	77 000	0	1 000
Salary Costs	1 917 000	1 891 000	1 773 000	1 709 000
Depreciation	555 000	533 000	528 000	544 000
Impairment	0	0	0	0
Expenditure	7 319 000	7 559 000	6 972 000	6 761 000
Operating Profit	798 000	487 000	1 692 000	610 000
Financial Income	5 000	26 000	7 000	0
Financial Costs	426 000	485 000	578 000	523 000
Financial Balance	−421 000	−459 000	−571 000	−523 000
Dividends	0	0	0	0
Net Income	167 000	−78 000	778 000	−46 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	17 001 000	17 519 000	18 037 000	18 556 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	147 000	184 000	55 000	39 000
Total Tangible Assets	17 148 000	17 703 000	18 093 000	18 595 000
Total Fiancial Fixed Assets	1 278 000	1 278 000	1 278 000	1 278 000
Total Fixed Assets	18 426 000	18 981 000	19 371 000	19 873 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	484 000	444 000	363 000	472 000
Total Current Assets	1 554 000	1 297 000	1 321 000	938 000
Total Assets	19 980 000	20 278 000	20 692 000	20 810 000
Total Equity	3 769 000	3 601 000	3 679 000	2 901 000
Short-Term Group Debt	0	0	127 000	0
Total Long-Term Debt	14 031 000	14 753 000	15 353 000	16 128 000
Creditors	1 116 000	1 097 000	672 000	1 362 000
Unpaid Taxes	214 000	85 000	35 000	54 000
Dividends	0	0	0	0
Other Current Debt	640 000	635 000	483 000	231 000
Total Current Debt	2 180 000	1 924 000	1 660 000	1 781 000
Total Equity and Debt	19 980 000	20 278 000	20 692 000	20 810 000

Financial indicators	2021	2020	2019	2018
Return on Equity	4,43 %	−2,17 %	21,15 %	−1,59 %
Debt-to-Equity Ratio	3,72	4,1	4,17	5,56
Operating Profit Margin	9,83 %	6,05 %	19,53 %	8,27 %
Current Ratio	0,71	0,67	0,8	0,53
Quick Ratio	0,71	0,67	0,8	0,53
Equity Ratio	0,19	0,18	0,18	0,14
Gross Profit Margin	98,62 %	99,04 %	100 %	99,99 %