VARDNES AS

4160 FINNØY

Finances

Share Ownership

Return on Equity

−16,28 %

Current Ratio

100,37

Debt-to-Equity Ratio

2,89

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 500 000	1 350 000	5 550 000	0
Net Income	−370 000	−335 000	1 384 000	−481 000
Total Assets	8 933 000	11 024 000	7 430 000	7 896 000
Total Equity	2 273 000	2 643 000	2 978 000	−556 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 500 000	1 350 000	5 550 000	0
Expenditure	1 606 000	1 392 000	3 637 000	11 000
Operating Profit	−106 000	−43 000	1 913 000	−11 000
Financial Income	1 000	0	0	0
Financial Costs	265 000	293 000	529 000	470 000
Financial Balance	−264 000	−293 000	−529 000	−470 000
Earnings Before Tax	−370 000	−335 000	1 384 000	−481 000
Tax	0	0	0	0
Net Income	−370 000	−335 000	1 384 000	−481 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	8 933 000	11 024 000	7 430 000	7 896 000
Total Assets	8 933 000	11 024 000	7 430 000	7 896 000
Total Retained Equity	−1 087 000	−717 000	−382 000	−1 766 000
Total Equity	2 273 000	2 643 000	2 978 000	−556 000
Total Long-Term Debt	6 571 000	6 571 000	561 000	2 133 000
Total Current Debt	89 000	1 810 000	3 891 000	6 320 000
Total Equity and Debt	8 933 000	11 024 000	7 430 000	7 896 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 500 000	1 350 000	5 550 000	0
Other Income	0	0	0	0
Revenue	1 500 000	1 350 000	5 550 000	0
Cost of Goods Sold	1 500 000	1 347 000	3 613 000	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 606 000	1 392 000	3 637 000	11 000
Operating Profit	−106 000	−43 000	1 913 000	−11 000
Financial Income	1 000	0	0	0
Financial Costs	265 000	293 000	529 000	470 000
Financial Balance	−264 000	−293 000	−529 000	−470 000
Dividends	0	0	0	0
Net Income	−370 000	−335 000	1 384 000	−481 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	6 910 000	7 389 000	6 384 000	7 896 000
Total Investments	0	0	0	0
Cash, Bank	1 008 000	2 245 000	46 000	0
Total Current Assets	8 933 000	11 024 000	7 430 000	7 896 000
Total Assets	8 933 000	11 024 000	7 430 000	7 896 000
Total Equity	2 273 000	2 643 000	2 978 000	−556 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 571 000	6 571 000	561 000	2 133 000
Creditors	32 000	−118 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	56 000	1 928 000	1 886 000	0
Total Current Debt	89 000	1 810 000	3 891 000	6 320 000
Total Equity and Debt	8 933 000	11 024 000	7 430 000	7 896 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−16,28 %	−12,67 %	46,47 %	86,51 %
Debt-to-Equity Ratio	2,89	2,49	0,19	−3,84
Operating Profit Margin	−7,07 %	−3,19 %	34,47 %	-
Current Ratio	100,37	6,09	1,91	1,25
Quick Ratio	−1,31	−1,98	−2,98	−5,01
Equity Ratio	0,25	0,24	0,4	−0,07
Gross Profit Margin	0 %	0,22 %	34,9 %	-