VARME & BAD NARVIK AS

8514 NARVIK

Finances

Return on Equity

16,19 %

Current Ratio

1,97

Debt-to-Equity Ratio

1,42

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 932 000	12 535 000	12 281 000	13 865 000
Net Income	406 000	761 000	442 000	794 000
Total Assets	8 350 000	8 546 000	4 018 000	4 324 000
Total Equity	2 508 000	2 802 000	2 541 000	2 099 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 932 000	12 535 000	12 281 000	13 865 000
Expenditure	15 247 000	11 467 000	11 703 000	12 838 000
Operating Profit	686 000	1 068 000	579 000	1 028 000
Financial Income	2 000	5 000	1 000	1 000
Financial Costs	156 000	92 000	11 000	8 000
Financial Balance	−154 000	−87 000	−10 000	−7 000
Earnings Before Tax	533 000	980 000	569 000	1 021 000
Tax	126 000	219 000	127 000	227 000
Net Income	406 000	761 000	442 000	794 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 837 000	3 866 000	44 000	64 000
Total Current Assets	4 513 000	4 681 000	3 974 000	4 260 000
Total Assets	8 350 000	8 546 000	4 018 000	4 324 000
Total Retained Equity	2 408 000	2 702 000	2 441 000	1 999 000
Total Equity	2 508 000	2 802 000	2 541 000	2 099 000
Total Long-Term Debt	3 552 000	3 561 000	0	0
Total Current Debt	2 290 000	2 183 000	1 478 000	2 225 000
Total Equity and Debt	8 350 000	8 546 000	4 018 000	4 324 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 929 000	12 535 000	12 073 000	13 865 000
Other Income	3 000	0	208 000	0
Revenue	15 932 000	12 535 000	12 281 000	13 865 000
Cost of Goods Sold	10 441 000	5 951 000	6 358 000	7 103 000
Salary Costs	3 025 000	3 422 000	3 625 000	4 043 000
Depreciation	161 000	145 000	9 000	1 000
Impairment	0	0	0	0
Expenditure	15 247 000	11 467 000	11 703 000	12 838 000
Operating Profit	686 000	1 068 000	579 000	1 028 000
Financial Income	2 000	5 000	1 000	1 000
Financial Costs	156 000	92 000	11 000	8 000
Financial Balance	−154 000	−87 000	−10 000	−7 000
Dividends	0	0	0	0
Net Income	406 000	761 000	442 000	794 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 000	52 000	6 000	36 000
Real Eastate	3 612 000	3 735 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	215 000	74 000	33 000	23 000
Total Tangible Assets	3 827 000	3 809 000	33 000	23 000
Total Fiancial Fixed Assets	5 000	5 000	5 000	5 000
Total Fixed Assets	3 837 000	3 866 000	44 000	64 000
Stock	2 447 000	2 105 000	1 047 000	1 085 000
Total Investments	0	0	0	0
Cash, Bank	584 000	874 000	1 772 000	1 576 000
Total Current Assets	4 513 000	4 681 000	3 974 000	4 260 000
Total Assets	8 350 000	8 546 000	4 018 000	4 324 000
Total Equity	2 508 000	2 802 000	2 541 000	2 099 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 552 000	3 561 000	0	0
Creditors	1 286 000	1 021 000	603 000	1 039 000
Unpaid Taxes	533 000	409 000	476 000	695 000
Dividends	0	0	0	0
Other Current Debt	392 000	488 000	301 000	279 000
Total Current Debt	2 290 000	2 183 000	1 478 000	2 225 000
Total Equity and Debt	8 350 000	8 546 000	4 018 000	4 324 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,19 %	27,16 %	17,39 %	37,83 %
Debt-to-Equity Ratio	1,42	1,27	0	0
Operating Profit Margin	4,31 %	8,52 %	4,71 %	7,41 %
Current Ratio	1,97	2,14	2,69	1,91
Quick Ratio	−28,75	60,01	9,22	3,74
Equity Ratio	0,3	0,33	0,63	0,49
Gross Profit Margin	34,47 %	52,52 %	48,23 %	48,77 %