VARANGER FIBER OG VARME AS

9801 VADSØ

Finances

Share Ownership

Return on Equity

−44,58 %

Current Ratio

1,44

Debt-to-Equity Ratio

1,86

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 175 000	2 185 000	2 215 000	1 301 000
Net Income	−74 000	0	−165 000	−92 000
Total Assets	886 000	952 000	1 037 000	618 000
Total Equity	166 000	239 000	239 000	404 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 175 000	2 185 000	2 215 000	1 301 000
Expenditure	2 229 000	2 165 000	2 376 000	1 397 000
Operating Profit	−54 000	20 000	−159 000	−96 000
Financial Income	5 000	6 000	4 000	4 000
Financial Costs	25 000	26 000	22 000	0
Financial Balance	−20 000	−20 000	−18 000	4 000
Earnings Before Tax	−74 000	0	−177 000	−92 000
Tax	0	0	−12 000	0
Net Income	−74 000	0	−165 000	−92 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	291 000	425 000	563 000	113 000
Total Current Assets	595 000	527 000	474 000	504 000
Total Assets	886 000	952 000	1 037 000	618 000
Total Retained Equity	66 000	139 000	139 000	304 000
Total Equity	166 000	239 000	239 000	404 000
Total Long-Term Debt	309 000	367 000	429 000	0
Total Current Debt	412 000	346 000	369 000	213 000
Total Equity and Debt	886 000	952 000	1 037 000	618 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 175 000	2 185 000	2 215 000	1 201 000
Other Income	0	0	0	100 000
Revenue	2 175 000	2 185 000	2 215 000	1 301 000
Cost of Goods Sold	50 000	55 000	62 000	62 000
Salary Costs	1 619 000	1 488 000	1 745 000	964 000
Depreciation	134 000	162 000	128 000	51 000
Impairment	0	0	0	0
Expenditure	2 229 000	2 165 000	2 376 000	1 397 000
Operating Profit	−54 000	20 000	−159 000	−96 000
Financial Income	5 000	6 000	4 000	4 000
Financial Costs	25 000	26 000	22 000	0
Financial Balance	−20 000	−20 000	−18 000	4 000
Dividends	0	0	0	0
Net Income	−74 000	0	−165 000	−92 000

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	291 000	425 000	563 000	113 000
Total Tangible Assets	291 000	425 000	563 000	113 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	291 000	425 000	563 000	113 000
Stock	8 000	7 000	6 000	7 000
Total Investments	0	0	0	0
Cash, Bank	391 000	463 000	378 000	438 000
Total Current Assets	595 000	527 000	474 000	504 000
Total Assets	886 000	952 000	1 037 000	618 000
Total Equity	166 000	239 000	239 000	404 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	309 000	367 000	429 000	0
Creditors	18 000	15 000	24 000	12 000
Unpaid Taxes	202 000	158 000	141 000	80 000
Dividends	0	0	0	0
Other Current Debt	192 000	172 000	204 000	121 000
Total Current Debt	412 000	346 000	369 000	213 000
Total Equity and Debt	886 000	952 000	1 037 000	618 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−44,58 %	0 %	−69,04 %	−22,77 %
Debt-to-Equity Ratio	1,86	1,54	1,79	0
Operating Profit Margin	−2,48 %	0,92 %	−7,18 %	−7,38 %
Current Ratio	1,44	1,52	1,28	2,37
Quick Ratio	1,47	1,55	1,31	2,45
Equity Ratio	0,19	0,25	0,23	0,65
Gross Profit Margin	97,7 %	97,48 %	97,2 %	95,23 %