VARNAVEIEN TEKSTIL AS

1526 MOSS

Finances

Share Ownership

Return on Equity

31,35 %

Current Ratio

2,52

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 333 000	9 497 000	8 593 000	9 418 000
Net Income	807 000	1 153 000	940 000	1 043 000
Total Assets	4 261 000	3 481 000	3 637 000	4 118 000
Total Equity	2 574 000	1 766 000	2 114 000	1 174 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 333 000	9 497 000	8 593 000	9 418 000
Expenditure	9 301 000	7 993 000	7 392 000	8 088 000
Operating Profit	1 032 000	1 505 000	1 201 000	1 331 000
Financial Income	3 000	0	3 000	8 000
Financial Costs	0	1 000	0	3 000
Financial Balance	3 000	−1 000	3 000	5 000
Earnings Before Tax	1 034 000	1 504 000	1 205 000	1 337 000
Tax	227 000	351 000	265 000	294 000
Net Income	807 000	1 153 000	940 000	1 043 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	13 000	55 000	79 000
Total Current Assets	4 261 000	3 468 000	3 582 000	4 039 000
Total Assets	4 261 000	3 481 000	3 637 000	4 118 000
Total Retained Equity	2 426 000	1 619 000	1 967 000	1 027 000
Total Equity	2 574 000	1 766 000	2 114 000	1 174 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 688 000	1 714 000	1 523 000	2 944 000
Total Equity and Debt	4 261 000	3 481 000	3 637 000	4 118 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 333 000	9 314 000	8 538 000	9 399 000
Other Income	0	184 000	55 000	19 000
Revenue	10 333 000	9 497 000	8 593 000	9 418 000
Cost of Goods Sold	4 948 000	4 192 000	3 865 000	4 341 000
Salary Costs	2 879 000	2 353 000	2 228 000	2 194 000
Depreciation	13 000	23 000	23 000	21 000
Impairment	0	0	0	0
Expenditure	9 301 000	7 993 000	7 392 000	8 088 000
Operating Profit	1 032 000	1 505 000	1 201 000	1 331 000
Financial Income	3 000	0	3 000	8 000
Financial Costs	0	1 000	0	3 000
Financial Balance	3 000	−1 000	3 000	5 000
Dividends	0	1 500 000	0	1 500 000
Net Income	807 000	1 153 000	940 000	1 043 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	20 000	21 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	13 000	36 000	58 000
Total Tangible Assets	0	13 000	36 000	58 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	13 000	55 000	79 000
Stock	1 168 000	1 130 000	1 127 000	1 070 000
Total Investments	0	0	0	0
Cash, Bank	2 848 000	1 742 000	1 859 000	2 653 000
Total Current Assets	4 261 000	3 468 000	3 582 000	4 039 000
Total Assets	4 261 000	3 481 000	3 637 000	4 118 000
Total Equity	2 574 000	1 766 000	2 114 000	1 174 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	433 000	325 000	250 000	88 000
Unpaid Taxes	606 000	659 000	582 000	599 000
Dividends	0	1 500 000	0	1 500 000
Other Current Debt	422 000	398 000	427 000	464 000
Total Current Debt	1 688 000	1 714 000	1 523 000	2 944 000
Total Equity and Debt	4 261 000	3 481 000	3 637 000	4 118 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,35 %	65,29 %	44,47 %	88,84 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	9,99 %	15,85 %	13,98 %	14,13 %
Current Ratio	2,52	2,02	2,35	1,37
Quick Ratio	8,19	5,94	9,05	2,16
Equity Ratio	0,6	0,51	0,58	0,29
Gross Profit Margin	52,11 %	55,86 %	55,02 %	53,91 %