VARANGER VERNESENTER AS

9900 KIRKENES

Finances

Share Ownership

Return on Equity

27,35 %

Current Ratio

3,57

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 757 000	3 531 000	3 012 000	3 260 000
Net Income	636 000	1 000	121 000	193 000
Total Assets	3 213 000	2 328 000	2 589 000	2 402 000
Total Equity	2 325 000	1 689 000	2 188 000	2 067 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 757 000	3 531 000	3 012 000	3 260 000
Expenditure	4 117 000	3 529 000	2 890 000	3 066 000
Operating Profit	641 000	1 000	121 000	193 000
Financial Income	0	0	1 000	0
Financial Costs	0	0	0	0
Financial Balance	0	0	1 000	0
Earnings Before Tax	640 000	1 000	121 000	193 000
Tax	5 000	0	0	0
Net Income	636 000	1 000	121 000	193 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	61 000	69 000	55 000	13 000
Total Current Assets	3 153 000	2 259 000	2 534 000	2 389 000
Total Assets	3 213 000	2 328 000	2 589 000	2 402 000
Total Retained Equity	2 225 000	1 589 000	2 088 000	1 967 000
Total Equity	2 325 000	1 689 000	2 188 000	2 067 000
Total Long-Term Debt	5 000	0	0	0
Total Current Debt	884 000	639 000	401 000	335 000
Total Equity and Debt	3 213 000	2 328 000	2 589 000	2 402 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 757 000	3 531 000	3 012 000	3 260 000
Other Income	0	0	0	0
Revenue	4 757 000	3 531 000	3 012 000	3 260 000
Cost of Goods Sold	2 590 000	2 226 000	1 757 000	1 835 000
Salary Costs	917 000	960 000	805 000	833 000
Depreciation	8 000	12 000	5 000	2 000
Impairment	0	0	0	0
Expenditure	4 117 000	3 529 000	2 890 000	3 066 000
Operating Profit	641 000	1 000	121 000	193 000
Financial Income	0	0	1 000	0
Financial Costs	0	0	0	0
Financial Balance	0	0	1 000	0
Dividends	0	500 000	0	0
Net Income	636 000	1 000	121 000	193 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	61 000	69 000	55 000	13 000
Total Tangible Assets	61 000	69 000	55 000	13 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	61 000	69 000	55 000	13 000
Stock	1 052 000	936 000	1 038 000	897 000
Total Investments	0	0	0	0
Cash, Bank	1 703 000	970 000	1 260 000	1 324 000
Total Current Assets	3 153 000	2 259 000	2 534 000	2 389 000
Total Assets	3 213 000	2 328 000	2 589 000	2 402 000
Total Equity	2 325 000	1 689 000	2 188 000	2 067 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 000	0	0	0
Creditors	229 000	232 000	233 000	153 000
Unpaid Taxes	318 000	99 000	73 000	79 000
Dividends	0	500 000	0	0
Other Current Debt	337 000	308 000	95 000	102 000
Total Current Debt	884 000	639 000	401 000	335 000
Total Equity and Debt	3 213 000	2 328 000	2 589 000	2 402 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,35 %	0,06 %	5,53 %	9,34 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,47 %	0,03 %	4,02 %	5,92 %
Current Ratio	3,57	3,54	6,32	7,13
Quick Ratio	−18,77	−7,61	−3,98	−4,25
Equity Ratio	0,72	0,73	0,85	0,86
Gross Profit Margin	45,55 %	36,96 %	41,67 %	43,71 %