VARNER BRAND STORES AS

1396 BILLINGSTAD

Finances

Share Ownership

Return on Equity

26,49 %

Current Ratio

1,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	123 608 000	129 165 000	145 698 000	154 561 000
Net Income	7 917 000	9 705 000	−426 000	707 000
Total Assets	53 919 000	48 444 000	48 718 000	55 740 000
Total Equity	29 883 000	30 388 000	20 683 000	21 109 000

Income (NOK)	2022	2021	2020	2019
Revenue	123 608 000	129 165 000	145 698 000	154 561 000
Expenditure	113 659 000	116 866 000	145 279 000	153 475 000
Operating Profit	9 948 000	12 300 000	419 000	1 087 000
Financial Income	430 000	533 000	80 000	123 000
Financial Costs	260 000	400 000	1 057 000	301 000
Financial Balance	170 000	133 000	−977 000	−178 000
Earnings Before Tax	10 119 000	12 434 000	−557 000	909 000
Tax	2 202 000	2 729 000	−131 000	202 000
Net Income	7 917 000	9 705 000	−426 000	707 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 602 000	12 080 000	15 458 000	21 495 000
Total Current Assets	43 317 000	36 364 000	33 260 000	34 245 000
Total Assets	53 919 000	48 444 000	48 718 000	55 740 000
Total Retained Equity	26 930 000	27 435 000	17 731 000	18 157 000
Total Equity	29 883 000	30 388 000	20 683 000	21 109 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	24 036 000	18 056 000	28 035 000	34 631 000
Total Equity and Debt	53 919 000	48 444 000	48 718 000	55 740 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	123 537 000	124 875 000	142 295 000	154 236 000
Other Income	71 000	4 291 000	3 402 000	325 000
Revenue	123 608 000	129 165 000	145 698 000	154 561 000
Cost of Goods Sold	52 539 000	50 669 000	65 681 000	71 536 000
Salary Costs	28 253 000	26 757 000	27 771 000	30 764 000
Depreciation	4 977 000	5 370 000	5 671 000	5 454 000
Impairment	0	0	973 000	0
Expenditure	113 659 000	116 866 000	145 279 000	153 475 000
Operating Profit	9 948 000	12 300 000	419 000	1 087 000
Financial Income	430 000	533 000	80 000	123 000
Financial Costs	260 000	400 000	1 057 000	301 000
Financial Balance	170 000	133 000	−977 000	−178 000
Dividends	0	0	0	0
Net Income	7 917 000	9 705 000	−426 000	707 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	558 000	369 000	501 000	84 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	4 864 000	5 226 000	6 900 000	12 027 000
Fixtures	2 085 000	3 391 000	4 962 000	6 289 000
Total Tangible Assets	6 949 000	8 617 000	11 862 000	18 316 000
Total Fiancial Fixed Assets	3 095 000	3 095 000	3 095 000	3 095 000
Total Fixed Assets	10 602 000	12 080 000	15 458 000	21 495 000
Stock	21 489 000	21 648 000	24 310 000	23 601 000
Total Investments	0	0	0	0
Cash, Bank	758 000	808 000	789 000	806 000
Total Current Assets	43 317 000	36 364 000	33 260 000	34 245 000
Total Assets	53 919 000	48 444 000	48 718 000	55 740 000
Total Equity	29 883 000	30 388 000	20 683 000	21 109 000
Short-Term Group Debt	10 800 000	1 000	341 000	16 317 000
Total Long-Term Debt	0	0	0	0
Creditors	3 341 000	5 226 000	17 342 000	2 520 000
Unpaid Taxes	4 495 000	4 670 000	4 161 000	6 621 000
Dividends	0	0	0	0
Other Current Debt	5 389 000	5 562 000	5 904 000	9 047 000
Total Current Debt	24 036 000	18 056 000	28 035 000	34 631 000
Total Equity and Debt	53 919 000	48 444 000	48 718 000	55 740 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,49 %	31,94 %	−2,06 %	3,35 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,05 %	9,52 %	0,29 %	0,7 %
Current Ratio	1,8	2,01	1,19	0,99
Quick Ratio	17,01	−10,12	8,93	3,1
Equity Ratio	0,55	0,63	0,42	0,38
Gross Profit Margin	57,5 %	60,77 %	54,92 %	53,72 %