VARD GROUP AS

6002 ÅLESUND

Finances

Return on Equity

−384,86 %

Current Ratio

0,75

Debt-to-Equity Ratio

0,45

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 002 249 000	6 194 241 000	6 540 504 000	7 938 430 000
Net Income	−426 318 000	−766 629 000	−1 859 166 000	−2 232 289 000
Total Assets	9 390 141 000	8 224 752 000	10 748 381 000	8 059 005 000
Total Equity	110 773 000	537 092 000	1 303 721 000	−2 265 503 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 002 249 000	6 194 241 000	6 540 504 000	7 938 430 000
Expenditure	6 395 441 000	6 852 663 000	7 542 061 000	9 506 859 000
Operating Profit	−393 192 000	−658 422 000	−1 001 557 000	−1 568 429 000
Financial Income	546 576 000	374 085 000	350 886 000	333 557 000
Financial Costs	577 081 000	481 737 000	1 191 977 000	744 966 000
Financial Balance	−30 505 000	−107 652 000	−841 091 000	−411 409 000
Earnings Before Tax	−423 697 000	−766 074 000	−1 842 648 000	−1 979 838 000
Tax	2 621 000	555 000	16 518 000	252 451 000
Net Income	−426 318 000	−766 629 000	−1 859 166 000	−2 232 289 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 427 341 000	2 631 889 000	2 752 719 000	2 613 321 000
Total Current Assets	6 962 800 000	5 592 863 000	7 995 662 000	5 445 684 000
Total Assets	9 390 141 000	8 224 752 000	10 748 381 000	8 059 005 000
Total Retained Equity	−8 608 979 000	−8 182 660 000	−7 416 031 000	−5 556 864 000
Total Equity	110 773 000	537 092 000	1 303 721 000	−2 265 503 000
Total Long-Term Debt	50 000 000	50 000 000	93 376 000	131 782 000
Total Current Debt	9 229 368 000	7 637 660 000	9 351 284 000	10 192 727 000
Total Equity and Debt	9 390 141 000	8 224 752 000	10 748 381 000	8 059 006 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 976 733 000	6 189 651 000	6 528 688 000	7 931 907 000
Other Income	25 516 000	4 590 000	11 816 000	6 523 000
Revenue	6 002 249 000	6 194 241 000	6 540 504 000	7 938 430 000
Cost of Goods Sold	5 266 447 000	5 801 933 000	6 642 254 000	8 316 962 000
Salary Costs	648 608 000	668 553 000	612 636 000	767 820 000
Depreciation	89 973 000	60 253 000	33 721 000	84 608 000
Impairment	0	0	0	0
Expenditure	6 395 441 000	6 852 663 000	7 542 061 000	9 506 859 000
Operating Profit	−393 192 000	−658 422 000	−1 001 557 000	−1 568 429 000
Financial Income	546 576 000	374 085 000	350 886 000	333 557 000
Financial Costs	577 081 000	481 737 000	1 191 977 000	744 966 000
Financial Balance	−30 505 000	−107 652 000	−841 091 000	−411 409 000
Dividends	0	0	0	0
Net Income	−426 318 000	−766 629 000	−1 859 166 000	−2 232 289 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	44 069 000	85 984 000	91 770 000	73 946 000
Real Eastate	259 998 000	257 293 000	275 001 000	296 488 000
Machinery and Plant Facilities	75 089 000	97 214 000	99 103 000	76 566 000
Fixtures	0	0	0	0
Total Tangible Assets	335 087 000	354 507 000	581 996 000	499 751 000
Total Fiancial Fixed Assets	2 048 185 000	2 191 398 000	2 078 953 000	2 039 624 000
Total Fixed Assets	2 427 341 000	2 631 889 000	2 752 719 000	2 613 321 000
Stock	2 887 813 000	1 992 066 000	3 725 722 000	2 940 367 000
Total Investments	0	0	0	0
Cash, Bank	717 456 000	329 381 000	691 351 000	213 830 000
Total Current Assets	6 962 800 000	5 592 863 000	7 995 662 000	5 445 684 000
Total Assets	9 390 141 000	8 224 752 000	10 748 381 000	8 059 005 000
Total Equity	110 773 000	537 092 000	1 303 721 000	−2 265 503 000
Short-Term Group Debt	5 165 018 000	2 730 865 000	2 880 476 000	2 936 321 000
Total Long-Term Debt	50 000 000	50 000 000	93 376 000	131 782 000
Creditors	654 204 000	1 682 686 000	1 144 133 000	1 485 470 000
Unpaid Taxes	47 977 000	47 912 000	44 141 000	49 371 000
Dividends	0	0	0	0
Other Current Debt	3 149 921 000	2 076 845 000	1 643 652 000	1 911 999 000
Total Current Debt	9 229 368 000	7 637 660 000	9 351 284 000	10 192 727 000
Total Equity and Debt	9 390 141 000	8 224 752 000	10 748 381 000	8 059 006 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−384,86 %	−142,74 %	−142,6 %	98,53 %
Debt-to-Equity Ratio	0,45	0,09	0,07	−0,06
Operating Profit Margin	−6,55 %	−10,63 %	−15,31 %	−19,76 %
Current Ratio	0,75	0,73	0,86	0,53
Quick Ratio	1,1	0,99	1,42	0,75
Equity Ratio	0,01	0,07	0,12	−0,28
Gross Profit Margin	12,26 %	6,33 %	−1,56 %	−4,77 %