HARALD VÆRNES AS

7042 TRONDHEIM

Finances

Share Ownership

Return on Equity

21 %

Current Ratio

0,74

Debt-to-Equity Ratio

1,22

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 219 000	1 188 000	1 165 000	1 124 000
Net Income	403 000	419 000	375 000	357 000
Total Assets	4 959 000	5 180 000	5 382 000	5 305 000
Total Equity	1 919 000	1 966 000	1 927 000	1 902 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 219 000	1 188 000	1 165 000	1 124 000
Expenditure	616 000	582 000	590 000	563 000
Operating Profit	602 000	606 000	575 000	561 000
Financial Income	7 000	0	1 000	5 000
Financial Costs	93 000	70 000	88 000	108 000
Financial Balance	−86 000	−70 000	−87 000	−103 000
Earnings Before Tax	517 000	537 000	487 000	457 000
Tax	114 000	118 000	112 000	101 000
Net Income	403 000	419 000	375 000	357 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 447 000	4 671 000	4 895 000	5 119 000
Total Current Assets	512 000	509 000	487 000	186 000
Total Assets	4 959 000	5 180 000	5 382 000	5 305 000
Total Retained Equity	1 019 000	1 066 000	1 027 000	1 002 000
Total Equity	1 919 000	1 966 000	1 927 000	1 902 000
Total Long-Term Debt	2 349 000	2 622 000	2 891 000	3 159 000
Total Current Debt	692 000	592 000	564 000	244 000
Total Equity and Debt	4 959 000	5 180 000	5 382 000	5 305 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 219 000	1 188 000	1 165 000	1 124 000
Revenue	1 219 000	1 188 000	1 165 000	1 124 000
Cost of Goods Sold	95 000	106 000	76 000	94 000
Salary Costs	0	0	0	0
Depreciation	224 000	224 000	224 000	217 000
Impairment	0	0	0	0
Expenditure	616 000	582 000	590 000	563 000
Operating Profit	602 000	606 000	575 000	561 000
Financial Income	7 000	0	1 000	5 000
Financial Costs	93 000	70 000	88 000	108 000
Financial Balance	−86 000	−70 000	−87 000	−103 000
Dividends	450 000	380 000	350 000	0
Net Income	403 000	419 000	375 000	357 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 447 000	4 671 000	4 895 000	5 119 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	4 447 000	4 671 000	4 895 000	5 119 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 447 000	4 671 000	4 895 000	5 119 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	479 000	478 000	472 000	138 000
Total Current Assets	512 000	509 000	487 000	186 000
Total Assets	4 959 000	5 180 000	5 382 000	5 305 000
Total Equity	1 919 000	1 966 000	1 927 000	1 902 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 349 000	2 622 000	2 891 000	3 159 000
Creditors	97 000	75 000	86 000	123 000
Unpaid Taxes	0	0	0	0
Dividends	450 000	380 000	350 000	0
Other Current Debt	25 000	16 000	15 000	25 000
Total Current Debt	692 000	592 000	564 000	244 000
Total Equity and Debt	4 959 000	5 180 000	5 382 000	5 305 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21 %	21,31 %	19,46 %	18,77 %
Debt-to-Equity Ratio	1,22	1,33	1,5	1,66
Operating Profit Margin	49,38 %	51,01 %	49,36 %	49,91 %
Current Ratio	0,74	0,86	0,86	0,76
Quick Ratio	0,74	0,86	0,86	0,76
Equity Ratio	0,39	0,38	0,36	0,36
Gross Profit Margin	92,21 %	91,08 %	93,48 %	91,64 %