VARDE SJOKOLADE AS

2656 FOLLEBU

Finances

Share Ownership

Return on Equity

30,12 %

Current Ratio

1,12

Debt-to-Equity Ratio

−2,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 739 000	2 463 000	1 640 000	1 180 000
Net Income	−50 000	−187 000	121 000	67 000
Total Assets	842 000	774 000	673 000	259 000
Total Equity	−166 000	−117 000	70 000	−50 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 739 000	2 463 000	1 640 000	1 180 000
Expenditure	2 769 000	2 622 000	1 474 000	1 093 000
Operating Profit	−30 000	−159 000	167 000	87 000
Financial Income	1 000	0	1 000	0
Financial Costs	20 000	20 000	13 000	1 000
Financial Balance	−19 000	−20 000	−12 000	−1 000
Earnings Before Tax	−50 000	−179 000	155 000	85 000
Tax	0	8 000	34 000	19 000
Net Income	−50 000	−187 000	121 000	67 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	165 000	204 000	252 000	52 000
Total Current Assets	677 000	569 000	421 000	206 000
Total Assets	842 000	774 000	673 000	259 000
Total Retained Equity	−266 000	−217 000	−30 000	−150 000
Total Equity	−166 000	−117 000	70 000	−50 000
Total Long-Term Debt	405 000	356 000	290 000	0
Total Current Debt	603 000	535 000	313 000	309 000
Total Equity and Debt	842 000	774 000	673 000	259 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 540 000	2 338 000	1 490 000	1 115 000
Other Income	200 000	125 000	150 000	65 000
Revenue	2 739 000	2 463 000	1 640 000	1 180 000
Cost of Goods Sold	830 000	898 000	589 000	332 000
Salary Costs	1 495 000	1 318 000	589 000	533 000
Depreciation	39 000	39 000	36 000	9 000
Impairment	0	0	0	0
Expenditure	2 769 000	2 622 000	1 474 000	1 093 000
Operating Profit	−30 000	−159 000	167 000	87 000
Financial Income	1 000	0	1 000	0
Financial Costs	20 000	20 000	13 000	1 000
Financial Balance	−19 000	−20 000	−12 000	−1 000
Dividends	0	0	0	0
Net Income	−50 000	−187 000	121 000	67 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	8 000	42 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	165 000	204 000	243 000	10 000
Total Tangible Assets	165 000	204 000	243 000	10 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	165 000	204 000	252 000	52 000
Stock	398 000	339 000	257 000	88 000
Total Investments	0	0	0	0
Cash, Bank	235 000	165 000	151 000	118 000
Total Current Assets	677 000	569 000	421 000	206 000
Total Assets	842 000	774 000	673 000	259 000
Total Equity	−166 000	−117 000	70 000	−50 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	405 000	356 000	290 000	0
Creditors	167 000	71 000	25 000	28 000
Unpaid Taxes	171 000	134 000	83 000	64 000
Dividends	0	0	0	0
Other Current Debt	265 000	330 000	205 000	217 000
Total Current Debt	603 000	535 000	313 000	309 000
Total Equity and Debt	842 000	774 000	673 000	259 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,12 %	159,83 %	172,86 %	−134 %
Debt-to-Equity Ratio	−2,44	−3,04	4,14	−0
Operating Profit Margin	−1,1 %	−6,46 %	10,18 %	7,37 %
Current Ratio	1,12	1,06	1,35	0,67
Quick Ratio	3,3	2,9	7,52	0,93
Equity Ratio	−0,2	−0,15	0,1	−0,19
Gross Profit Margin	69,7 %	63,54 %	64,09 %	71,86 %