VARDAR AS financials
VARDAR AS
Country: NO Reporting currency: NOK Latest annual report: 2024-12-31
LEI:
5967007LIEEXZXFX4870 Financial statements
(NOK, as reported — unscaled; 83 line items across 2 annual periods)
| Line item | 2024 | 2023 |
|---|---|---|
| Income statement | ||
| Revenue | NOK 449.4M | NOK 573.8M |
| Operating expenses | NOK 240.5M | NOK 305.5M |
| Employee benefits expense | NOK 40.0M | NOK 34.3M |
| Depreciation & amortisation | NOK 45.0M | NOK 41.9M |
| Operating profit (EBIT) | NOK 371.2M | NOK 1.00B |
| Net finance income / (cost) | -NOK 88.6M | -NOK 44.5M |
| Finance costs | NOK 151.3M | NOK 192.1M |
| Profit before tax | NOK 282.6M | NOK 958.3M |
| Income tax expense | NOK 125.6M | NOK 174.2M |
| Profit for the year | NOK 157.0M | NOK 784.1M |
| — attributable to owners | NOK 157.0M | NOK 784.1M |
| Total comprehensive income | NOK 135.5M | NOK 872.4M |
| Cash flow statement | ||
| Net cash from operating activities | NOK 324.4M | NOK 232.9M |
| Income taxes paid | NOK 122.6M | NOK 224.4M |
| Net cash from investing activities | -NOK 322.9M | -NOK 139.5M |
| Net cash from financing activities | -NOK 51.0M | -NOK 157.9M |
| Dividends paid | NOK 274.2M | NOK 155.0M |
| Net change in cash | -NOK 49.5M | -NOK 64.5M |
| Balance sheet | ||
| Total assets | NOK 9.25B | NOK 9.18B |
| Non-current assets | NOK 9.02B | NOK 8.83B |
| Current assets | NOK 236.5M | NOK 350.0M |
| Inventories | NOK 2.3M | NOK 7.2M |
| Trade & other receivables | NOK 116.5M | NOK 170.4M |
| Cash & equivalents | NOK 99.9M | NOK 163.3M |
| Total equity | NOK 7.16B | NOK 7.29B |
| Non-current liabilities | NOK 1.46B | NOK 1.66B |
| Long-term borrowings | NOK 639.8M | NOK 855.6M |
| Current liabilities | NOK 638.4M | NOK 229.4M |
| Short-term borrowings | NOK 441.0M | NOK 824.0K |
| Derived metrics | ||
| Operating margin | 82.6% | 174.8% |
| Net margin | 34.9% | 136.7% |
| Return on equity | 2.2% | 10.8% |
| Cash conversion ratio | 2.07× | 0.30× |
| Other reported items | ||
| Adjustments For Depreciation and Amortisation Expense | NOK 45.0M | NOK 41.9M |
| Adjustments For Fair Value Gains Losses | -NOK 8.0M | NOK 64.5M |
| Adjustments For Finance Income Cost | -NOK 71.2M | -NOK 64.3M |
| Adjustments For Increase Decrease In Employee Benefit Liabilities | -NOK 10.6M | NOK 3.8M |
| Adjustments For Undistributed Profits of Associates | NOK 162.2M | NOK 734.6M |
| Cash Advances and Loans Made To Other Parties Classified As Investing Activities | NOK 0 | NOK 50.0M |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | NOK 105.6M | NOK 0 |
| Cash Receipts From Repayment of Advances and Loans Made To Other Parties Classified As Investing Activities | NOK 0 | NOK 25.0M |
| Comprehensive Income Attributable To Owners of Parent | NOK 135.5M | NOK 872.4M |
| Cost of Purchased Energy Sold | NOK 78.5M | NOK 90.0M |
| Current Derivative Financial Assets | NOK 17.8M | NOK 9.0M |
| Current Derivative Financial Liabilities | NOK 15.4M | NOK 19.2M |
| Current Payables On Social Security and Taxes Other Than Income Tax | NOK 24.6M | NOK 29.1M |
| Current Tax Liabilities Current | NOK 100.7M | NOK 122.6M |
| Dividends Paid To Equity Holders of Parent Classified As Financing Activities | NOK 274.2M | NOK 155.0M |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | NOK 75.0M | — |
| Dividends Received Classified As Operating Activities | NOK 284.5M | NOK 206.3M |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -NOK 13.9M | -NOK 42.1M |
| Equity and Liabilities | NOK 9.25B | NOK 9.18B |
| Finance Income | NOK 62.8M | NOK 147.6M |
| Gains Losses Recognised In Profit Or Loss Fair Value Measurement Assets | NOK 15.5M | -NOK 21.2M |
| Income Tax Relating To Remeasurements of Defined Benefit Plans of Other Comprehensive Income | NOK 3.2M | -NOK 2.9M |
| Increase Decrease Through Transfers and Other Changes Equity | NOK 5.7M | NOK 28.0M |
| Intangible Assets Other Than Goodwill | NOK 13.9M | NOK 15.2M |
| Interest Paid Classified As Operating Activities | NOK 103.4M | NOK 114.5M |
| Interest Received Classified As Operating Activities | NOK 49.3M | NOK 44.5M |
| Investment Accounted For Using Equity Method | NOK 6.62B | NOK 6.64B |
| Issued Capital | NOK 265.9M | NOK 265.9M |
| Noncurrent Derivative Financial Assets | NOK 59.1M | NOK 36.2M |
| Noncurrent Derivative Financial Liabilities | NOK 27.0M | NOK 21.0M |
| Noncurrent Provisions | NOK 282.2M | NOK 273.7M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | NOK 14.6M | -NOK 13.0M |
| Other Comprehensive Income Net of Tax Cash Flow Hedges | NOK 19.9M | -NOK 27.3M |
| Other Comprehensive Income Net of Tax Exchange Differences On Translation | NOK 38.0M | NOK 48.9M |
| Other Comprehensive Income Net of Tax Gains Losses From Investments In Equity Instruments | -NOK 119.6M | NOK 59.5M |
| Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans | NOK 11.4M | -NOK 10.2M |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | NOK 85.8M | NOK 37.5M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | -NOK 107.4M | NOK 50.8M |
| Other Current Liabilities | NOK 42.9M | NOK 34.3M |
| Other Expense By Nature | NOK 92.5M | NOK 100.7M |
| Other Noncurrent Financial Assets | NOK 936.5M | NOK 943.3M |
| Proceeds From Noncurrent Borrowings | NOK 225.0M | NOK 0 |
| Repayments of Noncurrent Borrowings | NOK 1.8M | NOK 2.9M |
| Revenue and Operating Income | NOK 611.6M | NOK 1.31B |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss Net of Tax | NOK 27.9M | NOK 15.9M |
| Share of Other Comprehensive Income of Associates and Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss Net of Tax | NOK 909.0K | NOK 1.4M |
| Share of Profit Loss of Associates Accounted For Using Equity Method | NOK 162.2M | NOK 734.6M |
| Share Premium | NOK 345.0M | NOK 345.0M |
| Subordinated Liabilities | NOK 507.5M | NOK 507.5M |
| Trade and Other Current Payables To Trade Suppliers | NOK 13.8M | NOK 23.3M |
Methodology
Every line item above is a fact tagged in VARDAR AS's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (NOK), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.