VARODDEN INVEST AS

4550 FARSUND

Finances

Share Ownership

Return on Equity

44,93 %

Current Ratio

1,52

Debt-to-Equity Ratio

1,57

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 540 000	5 300 000	4 600 000	4 000 000
Net Income	372 000	131 000	−382 000	−275 000
Total Assets	6 236 000	9 331 000	12 676 000	13 914 000
Total Equity	828 000	815 000	394 000	661 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 540 000	5 300 000	4 600 000	4 000 000
Expenditure	7 924 000	4 948 000	4 677 000	3 992 000
Operating Profit	616 000	352 000	−77 000	8 000
Financial Income	0	0	0	1 000
Financial Costs	143 000	221 000	304 000	284 000
Financial Balance	−143 000	−221 000	−304 000	−283 000
Earnings Before Tax	473 000	131 000	−382 000	−275 000
Tax	101 000	0	0	0
Net Income	372 000	131 000	−382 000	−275 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	5 000
Total Current Assets	6 236 000	9 331 000	12 676 000	13 909 000
Total Assets	6 236 000	9 331 000	12 676 000	13 914 000
Total Retained Equity	215 000	202 000	70 000	452 000
Total Equity	828 000	815 000	394 000	661 000
Total Long-Term Debt	1 300 000	1 300 000	9 600 000	10 879 000
Total Current Debt	4 108 000	7 216 000	2 682 000	2 374 000
Total Equity and Debt	6 236 000	9 331 000	12 676 000	13 914 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 540 000	5 300 000	4 600 000	4 000 000
Other Income	0	0	0	0
Revenue	8 540 000	5 300 000	4 600 000	4 000 000
Cost of Goods Sold	7 692 000	4 798 000	4 469 000	3 700 000
Salary Costs	0	0	0	0
Depreciation	0	0	5 000	5 000
Impairment	0	0	0	0
Expenditure	7 924 000	4 948 000	4 677 000	3 992 000
Operating Profit	616 000	352 000	−77 000	8 000
Financial Income	0	0	0	1 000
Financial Costs	143 000	221 000	304 000	284 000
Financial Balance	−143 000	−221 000	−304 000	−283 000
Dividends	0	0	0	0
Net Income	372 000	131 000	−382 000	−275 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	5 000
Total Tangible Assets	0	0	0	5 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	5 000
Stock	5 548 000	8 997 000	12 539 000	13 834 000
Total Investments	0	0	0	0
Cash, Bank	19 000	44 000	22 000	75 000
Total Current Assets	6 236 000	9 331 000	12 676 000	13 909 000
Total Assets	6 236 000	9 331 000	12 676 000	13 914 000
Total Equity	828 000	815 000	394 000	661 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 300 000	1 300 000	9 600 000	10 879 000
Creditors	688 000	573 000	300 000	308 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 719 000	2 178 000	2 382 000	2 065 000
Total Current Debt	4 108 000	7 216 000	2 682 000	2 374 000
Total Equity and Debt	6 236 000	9 331 000	12 676 000	13 914 000

Financial indicators	2022	2021	2020	2019
Return on Equity	44,93 %	16,07 %	−96,95 %	−41,6 %
Debt-to-Equity Ratio	1,57	1,6	24,37	16,46
Operating Profit Margin	7,21 %	6,64 %	−1,67 %	0,2 %
Current Ratio	1,52	1,29	4,73	5,86
Quick Ratio	−4,33	−5,24	−1,29	−1,21
Equity Ratio	0,13	0,09	0,03	0,05
Gross Profit Margin	9,93 %	9,47 %	2,85 %	7,5 %