VARNER AS

1396 BILLINGSTAD

Finances

Return on Equity

0,8 %

Current Ratio

0,38

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	719 324 000	691 091 000	767 116 000	781 821 000
Net Income	22 106 000	211 745 000	−80 898 000	−95 558 000
Total Assets	2 957 306 000	2 989 192 000	3 190 768 000	3 300 429 000
Total Equity	2 755 768 000	2 760 182 000	2 639 637 000	2 759 535 000

Income (NOK)	2022	2021	2020	2019
Revenue	719 324 000	691 091 000	767 116 000	781 821 000
Expenditure	689 440 000	663 506 000	737 424 000	749 415 000
Operating Profit	29 885 000	27 585 000	29 692 000	32 405 000
Financial Income	3 794 000	218 253 000	64 448 000	12 301 000
Financial Costs	3 644 000	20 064 000	166 794 000	136 539 000
Financial Balance	150 000	198 189 000	−102 346 000	−124 238 000
Earnings Before Tax	30 035 000	225 775 000	−72 654 000	−91 833 000
Tax	7 929 000	14 030 000	8 244 000	3 725 000
Net Income	22 106 000	211 745 000	−80 898 000	−95 558 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 881 754 000	2 854 773 000	3 091 850 000	3 250 502 000
Total Current Assets	75 552 000	134 420 000	98 918 000	49 928 000
Total Assets	2 957 306 000	2 989 192 000	3 190 768 000	3 300 429 000
Total Retained Equity	1 139 033 000	1 143 447 000	1 022 903 000	1 142 800 000
Total Equity	2 755 768 000	2 760 182 000	2 639 637 000	2 759 535 000
Total Long-Term Debt	2 424 000	1 825 000	0	4 865 000
Total Current Debt	199 115 000	227 185 000	551 131 000	536 029 000
Total Equity and Debt	2 957 306 000	2 989 192 000	3 190 768 000	3 300 429 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	719 324 000	691 091 000	767 116 000	781 821 000
Revenue	719 324 000	691 091 000	767 116 000	781 821 000
Cost of Goods Sold	0	0	0	0
Salary Costs	403 090 000	400 845 000	416 637 000	407 936 000
Depreciation	52 597 000	47 843 000	69 567 000	76 933 000
Impairment	0	0	61 079 000	0
Expenditure	689 440 000	663 506 000	737 424 000	749 415 000
Operating Profit	29 885 000	27 585 000	29 692 000	32 405 000
Financial Income	3 794 000	218 253 000	64 448 000	12 301 000
Financial Costs	3 644 000	20 064 000	166 794 000	136 539 000
Financial Balance	150 000	198 189 000	−102 346 000	−124 238 000
Dividends	0	60 000 000	0	0
Net Income	22 106 000	211 745 000	−80 898 000	−95 558 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	107 521 000	93 277 000	4 456 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	18 941 000	25 513 000	110 182 000	184 493 000
Total Tangible Assets	18 941 000	25 513 000	110 182 000	184 493 000
Total Fiancial Fixed Assets	2 755 293 000	2 735 983 000	2 977 212 000	3 066 009 000
Total Fixed Assets	2 881 754 000	2 854 773 000	3 091 850 000	3 250 502 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	42 502 000	22 294 000	26 229 000	27 355 000
Total Current Assets	75 552 000	134 420 000	98 918 000	49 928 000
Total Assets	2 957 306 000	2 989 192 000	3 190 768 000	3 300 429 000
Total Equity	2 755 768 000	2 760 182 000	2 639 637 000	2 759 535 000
Short-Term Group Debt	98 717 000	44 794 000	455 904 000	444 500 000
Total Long-Term Debt	2 424 000	1 825 000	0	4 865 000
Creditors	24 369 000	21 079 000	14 627 000	21 094 000
Unpaid Taxes	18 057 000	12 322 000	14 623 000	18 332 000
Dividends	0	60 000 000	0	0
Other Current Debt	56 916 000	85 634 000	60 342 000	40 759 000
Total Current Debt	199 115 000	227 185 000	551 131 000	536 029 000
Total Equity and Debt	2 957 306 000	2 989 192 000	3 190 768 000	3 300 429 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,8 %	7,67 %	−3,06 %	−3,46 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,15 %	3,99 %	3,87 %	4,14 %
Current Ratio	0,38	0,59	0,18	0,09
Quick Ratio	0,38	0,59	0,18	0,09
Equity Ratio	0,93	0,92	0,83	0,84
Gross Profit Margin	100 %	100 %	100 %	100 %