VARDEN BIL AS

5542 KARMSUND

Finances

Return on Equity

44,86 %

Current Ratio

1,27

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	192 177 000	159 032 000	157 220 000	154 142 000
Net Income	4 102 000	4 572 000	4 518 000	2 311 000
Total Assets	34 621 000	30 958 000	30 474 000	22 050 000
Total Equity	9 144 000	8 894 000	8 004 000	7 936 000

Income (NOK)	2022	2021	2020	2019
Revenue	192 177 000	159 032 000	157 220 000	154 142 000
Expenditure	186 785 000	153 032 000	151 429 000	151 153 000
Operating Profit	5 392 000	5 999 000	5 791 000	2 989 000
Financial Income	6 000	5 000	89 000	14 000
Financial Costs	137 000	141 000	84 000	35 000
Financial Balance	−131 000	−136 000	5 000	−21 000
Earnings Before Tax	5 261 000	5 863 000	5 796 000	2 967 000
Tax	1 160 000	1 290 000	1 279 000	657 000
Net Income	4 102 000	4 572 000	4 518 000	2 311 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 244 000	2 645 000	1 386 000	1 789 000
Total Current Assets	31 377 000	28 313 000	29 088 000	20 261 000
Total Assets	34 621 000	30 958 000	30 474 000	22 050 000
Total Retained Equity	4 729 000	4 480 000	3 589 000	3 522 000
Total Equity	9 144 000	8 894 000	8 004 000	7 936 000
Total Long-Term Debt	725 000	805 000	985 000	1 670 000
Total Current Debt	24 752 000	21 258 000	21 485 000	12 443 000
Total Equity and Debt	34 621 000	30 958 000	30 474 000	22 050 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	190 506 000	157 074 000	155 245 000	152 576 000
Other Income	1 671 000	1 958 000	1 975 000	1 566 000
Revenue	192 177 000	159 032 000	157 220 000	154 142 000
Cost of Goods Sold	161 465 000	128 909 000	127 517 000	124 505 000
Salary Costs	15 550 000	15 571 000	15 378 000	16 017 000
Depreciation	448 000	260 000	199 000	390 000
Impairment	0	0	0	0
Expenditure	186 785 000	153 032 000	151 429 000	151 153 000
Operating Profit	5 392 000	5 999 000	5 791 000	2 989 000
Financial Income	6 000	5 000	89 000	14 000
Financial Costs	137 000	141 000	84 000	35 000
Financial Balance	−131 000	−136 000	5 000	−21 000
Dividends	0	0	0	2 000 000
Net Income	4 102 000	4 572 000	4 518 000	2 311 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	176 000	249 000	501 000	524 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 064 000	2 392 000	881 000	1 261 000
Total Tangible Assets	3 064 000	2 392 000	881 000	1 261 000
Total Fiancial Fixed Assets	4 000	4 000	4 000	4 000
Total Fixed Assets	3 244 000	2 645 000	1 386 000	1 789 000
Stock	19 794 000	14 960 000	16 575 000	13 718 000
Total Investments	0	0	0	0
Cash, Bank	786 000	675 000	957 000	2 372 000
Total Current Assets	31 377 000	28 313 000	29 088 000	20 261 000
Total Assets	34 621 000	30 958 000	30 474 000	22 050 000
Total Equity	9 144 000	8 894 000	8 004 000	7 936 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	725 000	805 000	985 000	1 670 000
Creditors	2 925 000	7 563 000	5 760 000	5 011 000
Unpaid Taxes	1 277 000	1 119 000	1 336 000	985 000
Dividends	0	0	0	2 000 000
Other Current Debt	13 048 000	9 147 000	8 743 000	3 656 000
Total Current Debt	24 752 000	21 258 000	21 485 000	12 443 000
Total Equity and Debt	34 621 000	30 958 000	30 474 000	22 050 000

Financial indicators	2022	2021	2020	2019
Return on Equity	44,86 %	51,41 %	56,45 %	29,12 %
Debt-to-Equity Ratio	0,08	0,09	0,12	0,21
Operating Profit Margin	2,81 %	3,77 %	3,68 %	1,94 %
Current Ratio	1,27	1,33	1,35	1,63
Quick Ratio	6,33	4,5	5,92	−15,89
Equity Ratio	0,26	0,29	0,26	0,36
Gross Profit Margin	15,98 %	18,94 %	18,89 %	19,23 %