VARDEN MANAGEMENT AS

4029 STAVANGER

Finances

Return on Equity

68,51 %

Current Ratio

16,32

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	47 000	1 545 000	1 897 000	2 074 000
Net Income	3 888 000	1 254 000	463 000	1 179 000
Total Assets	6 045 000	7 114 000	6 540 000	6 720 000
Total Equity	5 675 000	3 818 000	5 564 000	5 801 000

Income (NOK)	2022	2021	2020	2019
Revenue	47 000	1 545 000	1 897 000	2 074 000
Expenditure	200 000	708 000	654 000	794 000
Operating Profit	−153 000	837 000	1 243 000	1 279 000
Financial Income	4 476 000	253 000	120 000	505 000
Financial Costs	428 000	−314 000	624 000	278 000
Financial Balance	4 048 000	567 000	−504 000	227 000
Earnings Before Tax	3 895 000	1 404 000	739 000	1 506 000
Tax	7 000	151 000	277 000	327 000
Net Income	3 888 000	1 254 000	463 000	1 179 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	23 000	384 000	427 000	500 000
Total Current Assets	6 021 000	6 730 000	6 113 000	6 220 000
Total Assets	6 045 000	7 114 000	6 540 000	6 720 000
Total Retained Equity	5 575 000	3 718 000	5 464 000	5 701 000
Total Equity	5 675 000	3 818 000	5 564 000	5 801 000
Total Long-Term Debt	0	0	14 000	7 000
Total Current Debt	369 000	3 296 000	962 000	912 000
Total Equity and Debt	6 045 000	7 114 000	6 540 000	6 720 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 000	1 545 000	1 877 000	1 989 000
Other Income	11 000	0	20 000	85 000
Revenue	47 000	1 545 000	1 897 000	2 074 000
Cost of Goods Sold	0	0	0	0
Salary Costs	91 000	484 000	439 000	502 000
Depreciation	24 000	73 000	73 000	36 000
Impairment	0	0	0	0
Expenditure	200 000	708 000	654 000	794 000
Operating Profit	−153 000	837 000	1 243 000	1 279 000
Financial Income	4 476 000	253 000	120 000	505 000
Financial Costs	428 000	−314 000	624 000	278 000
Financial Balance	4 048 000	567 000	−504 000	227 000
Dividends	330 000	3 000 000	500 000	0
Net Income	3 888 000	1 254 000	463 000	1 179 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	23 000	30 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	328 000	401 000	474 000
Total Tangible Assets	0	328 000	401 000	474 000
Total Fiancial Fixed Assets	0	27 000	27 000	27 000
Total Fixed Assets	23 000	384 000	427 000	500 000
Stock	0	0	0	0
Total Investments	3 374 000	4 798 000	3 971 000	2 967 000
Cash, Bank	2 647 000	1 808 000	1 922 000	3 066 000
Total Current Assets	6 021 000	6 730 000	6 113 000	6 220 000
Total Assets	6 045 000	7 114 000	6 540 000	6 720 000
Total Equity	5 675 000	3 818 000	5 564 000	5 801 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	14 000	7 000
Creditors	2 000	2 000	6 000	3 000
Unpaid Taxes	6 000	41 000	140 000	99 000
Dividends	330 000	3 000 000	500 000	0
Other Current Debt	31 000	59 000	47 000	109 000
Total Current Debt	369 000	3 296 000	962 000	912 000
Total Equity and Debt	6 045 000	7 114 000	6 540 000	6 720 000

Financial indicators	2022	2021	2020	2019
Return on Equity	68,51 %	32,84 %	8,32 %	20,32 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−325,53 %	54,17 %	65,52 %	61,67 %
Current Ratio	16,32	2,04	6,35	6,82
Quick Ratio	16,32	2,04	6,35	6,82
Equity Ratio	0,94	0,54	0,85	0,86
Gross Profit Margin	100 %	100 %	100 %	100 %