VARD DESIGN AS

6002 ÅLESUND

Finances

Share Ownership

Return on Equity

6,92 %

Current Ratio

3,24

Debt-to-Equity Ratio

1,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	47 540 000	54 730 000	112 126 000	128 085 000
Net Income	764 000	86 000	7 835 000	1 959 000
Total Assets	40 708 000	85 013 000	94 571 000	93 386 000
Total Equity	11 044 000	29 784 000	40 803 000	32 968 000

Income (NOK)	2022	2021	2020	2019
Revenue	47 540 000	54 730 000	112 126 000	128 085 000
Expenditure	47 395 000	49 940 000	101 204 000	125 609 000
Operating Profit	145 000	4 790 000	10 921 000	2 476 000
Financial Income	1 092 000	47 000	150 000	731 000
Financial Costs	197 000	1 161 000	995 000	705 000
Financial Balance	895 000	−1 114 000	−845 000	26 000
Earnings Before Tax	1 040 000	3 676 000	10 075 000	2 502 000
Tax	275 000	3 590 000	2 240 000	544 000
Net Income	764 000	86 000	7 835 000	1 959 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 909 000	3 442 000	4 524 000	5 498 000
Total Current Assets	37 799 000	81 570 000	90 047 000	87 888 000
Total Assets	40 708 000	85 013 000	94 571 000	93 386 000
Total Retained Equity	764 000	−21 644 000	−10 625 000	−18 460 000
Total Equity	11 044 000	29 784 000	40 803 000	32 968 000
Total Long-Term Debt	18 009 000	18 199 000	20 555 000	16 380 000
Total Current Debt	11 655 000	37 030 000	33 213 000	44 038 000
Total Equity and Debt	40 708 000	85 013 000	94 571 000	93 386 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	47 540 000	54 730 000	94 876 000	128 085 000
Other Income	0	0	17 250 000	0
Revenue	47 540 000	54 730 000	112 126 000	128 085 000
Cost of Goods Sold	−5 755 000	9 792 000	39 263 000	24 664 000
Salary Costs	41 706 000	31 702 000	44 664 000	80 418 000
Depreciation	1 098 000	1 298 000	1 329 000	1 448 000
Impairment	0	0	0	0
Expenditure	47 395 000	49 940 000	101 204 000	125 609 000
Operating Profit	145 000	4 790 000	10 921 000	2 476 000
Financial Income	1 092 000	47 000	150 000	731 000
Financial Costs	197 000	1 161 000	995 000	705 000
Financial Balance	895 000	−1 114 000	−845 000	26 000
Dividends	0	0	0	0
Net Income	764 000	86 000	7 835 000	1 959 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	53 000	101 000	149 000	197 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	771 000	1 256 000	2 289 000	3 216 000
Total Tangible Assets	771 000	1 256 000	2 289 000	3 216 000
Total Fiancial Fixed Assets	2 085 000	2 085 000	2 085 000	2 085 000
Total Fixed Assets	2 909 000	3 442 000	4 524 000	5 498 000
Stock	10 493 000	3 943 000	3 136 000	56 689 000
Total Investments	0	0	0	0
Cash, Bank	3 881 000	1 661 000	4 778 000	11 605 000
Total Current Assets	37 799 000	81 570 000	90 047 000	87 888 000
Total Assets	40 708 000	85 013 000	94 571 000	93 386 000
Total Equity	11 044 000	29 784 000	40 803 000	32 968 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	18 009 000	18 199 000	20 555 000	16 380 000
Creditors	2 028 000	1 967 000	15 209 000	19 382 000
Unpaid Taxes	2 969 000	2 522 000	2 253 000	5 240 000
Dividends	0	0	0	0
Other Current Debt	6 658 000	32 541 000	15 752 000	19 416 000
Total Current Debt	11 655 000	37 030 000	33 213 000	44 038 000
Total Equity and Debt	40 708 000	85 013 000	94 571 000	93 386 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,92 %	0,29 %	19,2 %	5,94 %
Debt-to-Equity Ratio	1,63	0,61	0,5	0,5
Operating Profit Margin	0,31 %	8,75 %	9,74 %	1,93 %
Current Ratio	3,24	2,2	2,71	2
Quick Ratio	32,53	2,47	2,99	−6,95
Equity Ratio	0,27	0,35	0,43	0,35
Gross Profit Margin	112,11 %	82,11 %	64,98 %	80,74 %