VARANGER KRAFTENTREPRENØR AS

9800 VADSØ

Finances

Share Ownership

Return on Equity

−32,5 %

Current Ratio

1,23

Debt-to-Equity Ratio

0,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	64 079 000	68 798 000	91 144 000	92 924 000
Net Income	−5 172 000	−10 667 000	2 250 000	−534 000
Total Assets	35 036 000	75 195 000	59 750 000	37 680 000
Total Equity	15 913 000	22 000 000	25 757 000	25 518 000

Income (NOK)	2022	2021	2020	2019
Revenue	64 079 000	68 798 000	91 144 000	92 924 000
Expenditure	70 202 000	82 409 000	88 218 000	93 463 000
Operating Profit	−6 122 000	−13 612 000	2 926 000	−539 000
Financial Income	6 000	27 000	21 000	20 000
Financial Costs	494 000	84 000	34 000	164 000
Financial Balance	−488 000	−57 000	−13 000	−144 000
Earnings Before Tax	−6 610 000	−13 668 000	2 913 000	−683 000
Tax	−1 438 000	−3 001 000	663 000	−149 000
Net Income	−5 172 000	−10 667 000	2 250 000	−534 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 880 000	43 845 000	25 025 000	16 395 000
Total Current Assets	20 156 000	31 351 000	34 725 000	21 285 000
Total Assets	35 036 000	75 195 000	59 750 000	37 680 000
Total Retained Equity	2 041 000	8 127 000	22 334 000	22 095 000
Total Equity	15 913 000	22 000 000	25 757 000	25 518 000
Total Long-Term Debt	2 755 000	2 176 000	1 338 000	1 243 000
Total Current Debt	16 367 000	51 020 000	32 656 000	10 920 000
Total Equity and Debt	35 036 000	75 195 000	59 751 000	37 681 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	60 708 000	65 770 000	90 364 000	91 435 000
Other Income	3 371 000	3 027 000	780 000	1 489 000
Revenue	64 079 000	68 798 000	91 144 000	92 924 000
Cost of Goods Sold	8 477 000	10 872 000	28 591 000	12 548 000
Salary Costs	34 752 000	37 821 000	38 553 000	38 944 000
Depreciation	3 440 000	4 030 000	3 353 000	3 140 000
Impairment	2 289 000	0	0	0
Expenditure	70 202 000	82 409 000	88 218 000	93 463 000
Operating Profit	−6 122 000	−13 612 000	2 926 000	−539 000
Financial Income	6 000	27 000	21 000	20 000
Financial Costs	494 000	84 000	34 000	164 000
Financial Balance	−488 000	−57 000	−13 000	−144 000
Dividends	0	0	0	0
Net Income	−5 172 000	−10 667 000	2 250 000	−534 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	83 000	0	0	0
Real Eastate	4 221 000	5 814 000	8 813 000	0
Machinery and Plant Facilities	4 951 000	31 111 000	13 628 000	14 981 000
Fixtures	5 625 000	6 289 000	0	0
Total Tangible Assets	14 797 000	43 215 000	22 441 000	14 981 000
Total Fiancial Fixed Assets	0	630 000	2 584 000	1 414 000
Total Fixed Assets	14 880 000	43 845 000	25 025 000	16 395 000
Stock	716 000	825 000	992 000	375 000
Total Investments	0	0	0	0
Cash, Bank	1 347 000	1 536 000	1 604 000	1 568 000
Total Current Assets	20 156 000	31 351 000	34 725 000	21 285 000
Total Assets	35 036 000	75 195 000	59 750 000	37 680 000
Total Equity	15 913 000	22 000 000	25 757 000	25 518 000
Short-Term Group Debt	0	0	3 717 000	0
Total Long-Term Debt	2 755 000	2 176 000	1 338 000	1 243 000
Creditors	6 686 000	6 784 000	7 017 000	4 790 000
Unpaid Taxes	705 000	1 536 000	2 263 000	1 824 000
Dividends	0	0	0	0
Other Current Debt	8 976 000	42 700 000	19 659 000	4 306 000
Total Current Debt	16 367 000	51 020 000	32 656 000	10 920 000
Total Equity and Debt	35 036 000	75 195 000	59 751 000	37 681 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−32,5 %	−48,49 %	8,74 %	−2,09 %
Debt-to-Equity Ratio	0,17	0,1	0,05	0,05
Operating Profit Margin	−9,55 %	−19,79 %	3,21 %	−0,58 %
Current Ratio	1,23	0,61	1,06	1,95
Quick Ratio	1,29	0,62	1,1	2,02
Equity Ratio	0,45	0,29	0,43	0,68
Gross Profit Margin	86,77 %	84,2 %	68,63 %	86,5 %