VARDAR VARME AS

3515 HØNEFOSS

Finances

Return on Equity

0,06 %

Current Ratio

2,52

Debt-to-Equity Ratio

0,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	53 627 000	55 463 000	29 237 000	40 379 000
Net Income	96 000	5 976 000	−10 155 000	200 000
Total Assets	269 481 000	276 557 000	277 850 000	281 571 000
Total Equity	152 962 000	151 747 000	148 355 000	153 673 000

Income (NOK)	2022	2021	2020	2019
Revenue	53 627 000	55 463 000	29 237 000	40 379 000
Expenditure	49 975 000	44 768 000	36 072 000	35 468 000
Operating Profit	3 653 000	10 695 000	−6 836 000	4 912 000
Financial Income	−123 000	325 000	−767 000	−129 000
Financial Costs	3 601 000	3 445 000	5 169 000	4 459 000
Financial Balance	−3 724 000	−3 120 000	−5 936 000	−4 588 000
Earnings Before Tax	−71 000	7 574 000	−12 772 000	324 000
Tax	−167 000	1 598 000	−2 617 000	124 000
Net Income	96 000	5 976 000	−10 155 000	200 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	241 589 000	249 299 000	256 141 000	260 195 000
Total Current Assets	27 892 000	27 258 000	21 709 000	21 376 000
Total Assets	269 481 000	276 557 000	277 850 000	281 571 000
Total Retained Equity	−9 138 000	−10 353 000	−13 745 000	−8 427 000
Total Equity	152 962 000	151 747 000	148 355 000	153 673 000
Total Long-Term Debt	105 472 000	111 494 000	123 124 000	123 038 000
Total Current Debt	11 047 000	13 315 000	6 371 000	4 860 000
Total Equity and Debt	269 481 000	276 557 000	277 850 000	281 571 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	53 627 000	55 466 000	29 236 000	40 379 000
Other Income	0	−3 000	0	0
Revenue	53 627 000	55 463 000	29 237 000	40 379 000
Cost of Goods Sold	16 006 000	12 523 000	8 306 000	8 162 000
Salary Costs	12 900 000	11 652 000	8 708 000	7 386 000
Depreciation	12 691 000	12 497 000	12 419 000	12 084 000
Impairment	0	0	0	0
Expenditure	49 975 000	44 768 000	36 072 000	35 468 000
Operating Profit	3 653 000	10 695 000	−6 836 000	4 912 000
Financial Income	−123 000	325 000	−767 000	−129 000
Financial Costs	3 601 000	3 445 000	5 169 000	4 459 000
Financial Balance	−3 724 000	−3 120 000	−5 936 000	−4 588 000
Dividends	0	0	0	0
Net Income	96 000	5 976 000	−10 155 000	200 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 742 000	2 174 000	3 044 000	1 791 000
Real Eastate	1 050 000	1 050 000	1 050 000	1 050 000
Machinery and Plant Facilities	227 462 000	236 592 000	0	249 086 000
Fixtures	1 653 000	524 000	243 825 000	830 000
Total Tangible Assets	230 165 000	238 165 000	244 875 000	250 966 000
Total Fiancial Fixed Assets	8 683 000	8 959 000	8 222 000	7 438 000
Total Fixed Assets	241 589 000	249 299 000	256 141 000	260 195 000
Stock	4 011 000	3 067 000	2 987 000	2 974 000
Total Investments	0	0	0	0
Cash, Bank	6 444 000	8 762 000	6 338 000	7 992 000
Total Current Assets	27 892 000	27 258 000	21 709 000	21 376 000
Total Assets	269 481 000	276 557 000	277 850 000	281 571 000
Total Equity	152 962 000	151 747 000	148 355 000	153 673 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	105 472 000	111 494 000	123 124 000	123 038 000
Creditors	5 331 000	4 336 000	2 771 000	2 034 000
Unpaid Taxes	2 310 000	3 046 000	1 654 000	1 619 000
Dividends	0	0	0	0
Other Current Debt	2 751 000	5 933 000	946 000	1 206 000
Total Current Debt	11 047 000	13 315 000	6 371 000	4 860 000
Total Equity and Debt	269 481 000	276 557 000	277 850 000	281 571 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,06 %	3,94 %	−6,85 %	0,13 %
Debt-to-Equity Ratio	0,69	0,73	0,83	0,8
Operating Profit Margin	6,81 %	19,28 %	−23,38 %	12,16 %
Current Ratio	2,52	2,05	3,41	4,4
Quick Ratio	3,96	2,66	6,42	11,33
Equity Ratio	0,57	0,55	0,53	0,55
Gross Profit Margin	70,15 %	77,42 %	71,59 %	79,79 %