VÅRVEIEN RØRLEGGERSERVICE AS

3024 DRAMMEN

Finances

Share Ownership

Return on Equity

−0,71 %

Current Ratio

3,34

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 414 000	1 195 000	873 000	1 060 000
Net Income	−3 000	233 000	149 000	−16 000
Total Assets	530 000	623 000	463 000	399 000
Total Equity	423 000	426 000	193 000	44 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 414 000	1 195 000	873 000	1 060 000
Expenditure	1 416 000	885 000	689 000	1 070 000
Operating Profit	−2 000	310 000	184 000	−10 000
Financial Income	0	0	0	0
Financial Costs	2 000	1 000	5 000	6 000
Financial Balance	−2 000	−1 000	−5 000	−6 000
Earnings Before Tax	−3 000	309 000	179 000	−16 000
Tax	0	76 000	30 000	0
Net Income	−3 000	233 000	149 000	−16 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	170 000	4 000	54 000	85 000
Total Current Assets	361 000	619 000	409 000	314 000
Total Assets	530 000	623 000	463 000	399 000
Total Retained Equity	368 000	372 000	138 000	−11 000
Total Equity	423 000	426 000	193 000	44 000
Total Long-Term Debt	0	0	5 000	71 000
Total Current Debt	108 000	197 000	265 000	285 000
Total Equity and Debt	530 000	623 000	463 000	399 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 374 000	1 190 000	873 000	1 060 000
Other Income	40 000	6 000	0	0
Revenue	1 414 000	1 195 000	873 000	1 060 000
Cost of Goods Sold	725 000	521 000	440 000	515 000
Salary Costs	257 000	78 000	14 000	333 000
Depreciation	35 000	50 000	31 000	0
Impairment	0	0	0	0
Expenditure	1 416 000	885 000	689 000	1 070 000
Operating Profit	−2 000	310 000	184 000	−10 000
Financial Income	0	0	0	0
Financial Costs	2 000	1 000	5 000	6 000
Financial Balance	−2 000	−1 000	−5 000	−6 000
Dividends	0	0	0	0
Net Income	−3 000	233 000	149 000	−16 000

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	170 000	4 000	54 000	85 000
Total Tangible Assets	170 000	4 000	54 000	85 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	170 000	4 000	54 000	85 000
Stock	45 000	45 000	45 000	45 000
Total Investments	0	0	0	0
Cash, Bank	207 000	327 000	149 000	167 000
Total Current Assets	361 000	619 000	409 000	314 000
Total Assets	530 000	623 000	463 000	399 000
Total Equity	423 000	426 000	193 000	44 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	5 000	71 000
Creditors	33 000	33 000	0	7 000
Unpaid Taxes	55 000	77 000	30 000	43 000
Dividends	0	0	0	0
Other Current Debt	20 000	11 000	205 000	235 000
Total Current Debt	108 000	197 000	265 000	285 000
Total Equity and Debt	530 000	623 000	463 000	399 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−0,71 %	54,69 %	77,2 %	−36,36 %
Debt-to-Equity Ratio	0	0	0,03	1,61
Operating Profit Margin	−0,14 %	25,94 %	21,08 %	−0,94 %
Current Ratio	3,34	3,14	1,54	1,1
Quick Ratio	5,73	4,07	1,86	1,31
Equity Ratio	0,8	0,68	0,42	0,11
Gross Profit Margin	48,73 %	56,4 %	49,6 %	51,42 %