VÅRVEIEN AS

2160 VORMSUND

Finances

Share Ownership

Return on Equity

−5,35 %

Current Ratio

34,25

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	55 000	60 000	131 000	1 088 000
Net Income	−142 000	5 000	82 000	769 000
Total Assets	3 117 000	3 428 000	3 500 000	3 378 000
Total Equity	2 654 000	2 797 000	2 791 000	2 710 000

Income (NOK)	2022	2021	2020	2019
Revenue	55 000	60 000	131 000	1 088 000
Expenditure	237 000	53 000	27 000	56 000
Operating Profit	−183 000	7 000	105 000	1 032 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	44 000
Financial Balance	0	0	0	−44 000
Earnings Before Tax	−183 000	7 000	105 000	988 000
Tax	−40 000	2 000	23 000	219 000
Net Income	−142 000	5 000	82 000	769 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	3 117 000	3 428 000	3 500 000	3 378 000
Total Assets	3 117 000	3 428 000	3 500 000	3 378 000
Total Retained Equity	2 234 000	2 377 000	2 371 000	2 290 000
Total Equity	2 654 000	2 797 000	2 791 000	2 710 000
Total Long-Term Debt	372 000	464 000	581 000	652 000
Total Current Debt	91 000	166 000	128 000	17 000
Total Equity and Debt	3 117 000	3 428 000	3 500 000	3 378 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	55 000	60 000	75 000	3 000
Other Income	0	0	56 000	1 085 000
Revenue	55 000	60 000	131 000	1 088 000
Cost of Goods Sold	87 000	18 000	0	0
Salary Costs	0	0	0	7 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	237 000	53 000	27 000	56 000
Operating Profit	−183 000	7 000	105 000	1 032 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	44 000
Financial Balance	0	0	0	−44 000
Dividends	0	0	0	0
Net Income	−142 000	5 000	82 000	769 000

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	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	41 000	203 000	265 000	143 000
Total Current Assets	3 117 000	3 428 000	3 500 000	3 378 000
Total Assets	3 117 000	3 428 000	3 500 000	3 378 000
Total Equity	2 654 000	2 797 000	2 791 000	2 710 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	372 000	464 000	581 000	652 000
Creditors	0	15 000	15 000	17 000
Unpaid Taxes	15 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	24 000	34 000	19 000	0
Total Current Debt	91 000	166 000	128 000	17 000
Total Equity and Debt	3 117 000	3 428 000	3 500 000	3 378 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,35 %	0,18 %	2,94 %	28,38 %
Debt-to-Equity Ratio	0,14	0,17	0,21	0,24
Operating Profit Margin	−332,73 %	11,67 %	80,15 %	94,85 %
Current Ratio	34,25	20,65	27,34	198,71
Quick Ratio	34,25	20,65	27,34	198,71
Equity Ratio	0,85	0,82	0,8	0,8
Gross Profit Margin	−58,18 %	70 %	100 %	100 %