VARDEMYR AS

4032 STAVANGER

Finances

Return on Equity

6,26 %

Current Ratio

7,24

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 158 000	1 788 000	2 632 000	1 457 000
Net Income	1 493 000	716 000	1 491 000	51 000
Total Assets	25 587 000	25 151 000	26 873 000	28 007 000
Total Equity	23 846 000	23 753 000	23 337 000	22 096 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 158 000	1 788 000	2 632 000	1 457 000
Expenditure	686 000	750 000	817 000	1 463 000
Operating Profit	1 471 000	1 038 000	1 815 000	−6 000
Financial Income	49 000	0	244 000	373 000
Financial Costs	0	98 000	170 000	301 000
Financial Balance	49 000	−98 000	74 000	72 000
Earnings Before Tax	1 520 000	940 000	1 888 000	66 000
Tax	26 000	225 000	397 000	14 000
Net Income	1 493 000	716 000	1 491 000	51 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 992 000	21 860 000	21 769 000	24 220 000
Total Current Assets	12 595 000	3 291 000	5 104 000	3 787 000
Total Assets	25 587 000	25 151 000	26 873 000	28 007 000
Total Retained Equity	23 646 000	23 553 000	23 137 000	21 896 000
Total Equity	23 846 000	23 753 000	23 337 000	22 096 000
Total Long-Term Debt	2 000	3 000	2 605 000	5 600 000
Total Current Debt	1 739 000	1 395 000	931 000	310 000
Total Equity and Debt	25 587 000	25 151 000	26 873 000	28 007 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 506 000	1 354 000	1 162 000	1 357 000
Other Income	651 000	434 000	1 469 000	100 000
Revenue	2 158 000	1 788 000	2 632 000	1 457 000
Cost of Goods Sold	0	0	0	724 000
Salary Costs	573 000	617 000	629 000	289 000
Depreciation	3 000	4 000	14 000	18 000
Impairment	0	0	0	0
Expenditure	686 000	750 000	817 000	1 463 000
Operating Profit	1 471 000	1 038 000	1 815 000	−6 000
Financial Income	49 000	0	244 000	373 000
Financial Costs	0	98 000	170 000	301 000
Financial Balance	49 000	−98 000	74 000	72 000
Dividends	0	300 000	250 000	0
Net Income	1 493 000	716 000	1 491 000	51 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	309 000
Real Eastate	3 888 000	14 160 000	14 016 000	10 707 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	11 000	14 000	43 000	57 000
Total Tangible Assets	3 898 000	14 174 000	14 059 000	10 764 000
Total Fiancial Fixed Assets	9 094 000	7 686 000	7 709 000	13 147 000
Total Fixed Assets	12 992 000	21 860 000	21 769 000	24 220 000
Stock	0	0	0	0
Total Investments	31 000	0	0	0
Cash, Bank	12 429 000	3 166 000	4 982 000	3 621 000
Total Current Assets	12 595 000	3 291 000	5 104 000	3 787 000
Total Assets	25 587 000	25 151 000	26 873 000	28 007 000
Total Equity	23 846 000	23 753 000	23 337 000	22 096 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 000	3 000	2 605 000	5 600 000
Creditors	0	0	0	3 000
Unpaid Taxes	96 000	90 000	159 000	78 000
Dividends	0	300 000	250 000	0
Other Current Debt	1 616 000	777 000	439 000	230 000
Total Current Debt	1 739 000	1 395 000	931 000	310 000
Total Equity and Debt	25 587 000	25 151 000	26 873 000	28 007 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,26 %	3,01 %	6,39 %	0,23 %
Debt-to-Equity Ratio	0	0	0,11	0,25
Operating Profit Margin	68,16 %	58,05 %	68,96 %	−0,41 %
Current Ratio	7,24	2,36	5,48	12,22
Quick Ratio	7,24	2,36	5,48	12,22
Equity Ratio	0,93	0,94	0,87	0,79
Gross Profit Margin	100 %	100 %	100 %	50,31 %