VARDE HARTMARK AS

0277 OSLO

Finances

Return on Equity

−56,11 %

Current Ratio

1,17

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	53 202 000	35 593 000	41 620 000	40 066 000
Net Income	−2 187 000	−933 000	3 861 000	3 658 000
Total Assets	14 963 000	11 997 000	19 614 000	14 287 000
Total Equity	3 898 000	4 311 000	4 806 000	6 644 000

Income (NOK)	2022	2021	2020	2019
Revenue	53 202 000	35 593 000	41 620 000	40 066 000
Expenditure	55 881 000	36 817 000	36 572 000	35 312 000
Operating Profit	−2 679 000	−1 224 000	5 048 000	4 755 000
Financial Income	5 000	126 000	26 000	28 000
Financial Costs	121 000	84 000	83 000	66 000
Financial Balance	−116 000	42 000	−57 000	−38 000
Earnings Before Tax	−2 794 000	−1 182 000	4 991 000	4 717 000
Tax	−608 000	−249 000	1 129 000	1 059 000
Net Income	−2 187 000	−933 000	3 861 000	3 658 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 970 000	4 042 000	3 281 000	3 186 000
Total Current Assets	12 993 000	7 955 000	16 333 000	11 100 000
Total Assets	14 963 000	11 997 000	19 614 000	14 287 000
Total Retained Equity	1 925 000	3 101 000	3 977 000	5 816 000
Total Equity	3 898 000	4 311 000	4 806 000	6 644 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	11 065 000	7 686 000	14 808 000	7 642 000
Total Equity and Debt	14 963 000	11 997 000	19 614 000	14 287 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	53 187 000	33 671 000	38 582 000	36 461 000
Other Income	16 000	1 922 000	3 038 000	3 605 000
Revenue	53 202 000	35 593 000	41 620 000	40 066 000
Cost of Goods Sold	1 229 000	3 431 000	4 382 000	5 783 000
Salary Costs	45 334 000	27 234 000	25 163 000	22 663 000
Depreciation	697 000	209 000	83 000	195 000
Impairment	0	0	0	0
Expenditure	55 881 000	36 817 000	36 572 000	35 312 000
Operating Profit	−2 679 000	−1 224 000	5 048 000	4 755 000
Financial Income	5 000	126 000	26 000	28 000
Financial Costs	121 000	84 000	83 000	66 000
Financial Balance	−116 000	42 000	−57 000	−38 000
Dividends	0	0	3 000 000	0
Net Income	−2 187 000	−933 000	3 861 000	3 658 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	739 000	199 000	57 000	70 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	602 000	777 000	275 000	167 000
Total Tangible Assets	602 000	777 000	275 000	167 000
Total Fiancial Fixed Assets	629 000	3 067 000	2 949 000	2 949 000
Total Fixed Assets	1 970 000	4 042 000	3 281 000	3 186 000
Stock	42 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 752 000	1 880 000	9 667 000	3 643 000
Total Current Assets	12 993 000	7 955 000	16 333 000	11 100 000
Total Assets	14 963 000	11 997 000	19 614 000	14 287 000
Total Equity	3 898 000	4 311 000	4 806 000	6 644 000
Short-Term Group Debt	0	0	2 650 000	0
Total Long-Term Debt	0	0	0	0
Creditors	922 000	988 000	1 538 000	1 199 000
Unpaid Taxes	5 461 000	3 523 000	3 259 000	3 106 000
Dividends	0	0	3 000 000	0
Other Current Debt	4 682 000	3 175 000	3 267 000	2 368 000
Total Current Debt	11 065 000	7 686 000	14 808 000	7 642 000
Total Equity and Debt	14 963 000	11 997 000	19 614 000	14 287 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−56,11 %	−21,64 %	80,34 %	55,06 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−5,04 %	−3,44 %	12,13 %	11,87 %
Current Ratio	1,17	1,03	1,1	1,45
Quick Ratio	1,18	1,03	1,1	1,45
Equity Ratio	0,26	0,36	0,25	0,47
Gross Profit Margin	97,69 %	90,36 %	89,47 %	85,57 %