VÆRNESS ELEKTRISK AS

7014 TRONDHEIM

Finances

Return on Equity

5,04 %

Current Ratio

2,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 393 000	16 970 000	18 209 000	14 871 000
Net Income	345 000	591 000	2 177 000	226 000
Total Assets	10 469 000	10 667 000	11 775 000	8 467 000
Total Equity	6 846 000	6 501 000	6 910 000	6 233 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 393 000	16 970 000	18 209 000	14 871 000
Expenditure	13 936 000	16 612 000	15 355 000	14 674 000
Operating Profit	457 000	358 000	2 856 000	196 000
Financial Income	42 000	353 000	14 000	108 000
Financial Costs	49 000	31 000	73 000	33 000
Financial Balance	−7 000	322 000	−59 000	75 000
Earnings Before Tax	450 000	680 000	2 797 000	271 000
Tax	106 000	89 000	620 000	45 000
Net Income	345 000	591 000	2 177 000	226 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	329 000	387 000	78 000	104 000
Total Current Assets	10 140 000	10 281 000	11 697 000	8 363 000
Total Assets	10 469 000	10 667 000	11 775 000	8 467 000
Total Retained Equity	6 746 000	6 401 000	6 810 000	6 133 000
Total Equity	6 846 000	6 501 000	6 910 000	6 233 000
Total Long-Term Debt	3 000	5 000	14 000	11 000
Total Current Debt	3 620 000	4 161 000	4 851 000	2 223 000
Total Equity and Debt	10 469 000	10 667 000	11 775 000	8 467 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 393 000	16 970 000	18 209 000	14 871 000
Other Income	0	0	0	0
Revenue	14 393 000	16 970 000	18 209 000	14 871 000
Cost of Goods Sold	7 830 000	10 039 000	9 532 000	8 760 000
Salary Costs	3 881 000	4 415 000	3 762 000	3 821 000
Depreciation	30 000	25 000	26 000	18 000
Impairment	0	0	0	0
Expenditure	13 936 000	16 612 000	15 355 000	14 674 000
Operating Profit	457 000	358 000	2 856 000	196 000
Financial Income	42 000	353 000	14 000	108 000
Financial Costs	49 000	31 000	73 000	33 000
Financial Balance	−7 000	322 000	−59 000	75 000
Dividends	0	1 000 000	1 500 000	0
Net Income	345 000	591 000	2 177 000	226 000

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	66 000	96 000	59 000	85 000
Total Tangible Assets	66 000	96 000	59 000	85 000
Total Fiancial Fixed Assets	264 000	291 000	19 000	19 000
Total Fixed Assets	329 000	387 000	78 000	104 000
Stock	6 133 000	6 177 000	5 598 000	5 518 000
Total Investments	0	0	0	0
Cash, Bank	3 137 000	3 553 000	5 863 000	2 542 000
Total Current Assets	10 140 000	10 281 000	11 697 000	8 363 000
Total Assets	10 469 000	10 667 000	11 775 000	8 467 000
Total Equity	6 846 000	6 501 000	6 910 000	6 233 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 000	5 000	14 000	11 000
Creditors	732 000	858 000	1 044 000	727 000
Unpaid Taxes	1 461 000	1 889 000	1 354 000	1 129 000
Dividends	0	1 000 000	1 500 000	0
Other Current Debt	1 319 000	316 000	336 000	341 000
Total Current Debt	3 620 000	4 161 000	4 851 000	2 223 000
Total Equity and Debt	10 469 000	10 667 000	11 775 000	8 467 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,04 %	9,09 %	31,51 %	3,63 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,18 %	2,11 %	15,68 %	1,32 %
Current Ratio	2,8	2,47	2,41	3,76
Quick Ratio	−4,04	−5,1	−15,66	−2,54
Equity Ratio	0,65	0,61	0,59	0,74
Gross Profit Margin	45,6 %	40,84 %	47,65 %	41,09 %