VARMEØKONOMI AS

3176 UNDRUMSDAL

Finances

Share Ownership

Return on Equity

2,01 %

Current Ratio

2,23

Debt-to-Equity Ratio

1,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 407 000	17 820 000	14 528 000	15 650 000
Net Income	31 000	90 000	296 000	289 000
Total Assets	5 856 000	6 503 000	7 211 000	5 103 000
Total Equity	1 541 000	1 510 000	1 421 000	1 125 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 407 000	17 820 000	14 528 000	15 650 000
Expenditure	20 275 000	17 633 000	14 043 000	15 233 000
Operating Profit	133 000	187 000	486 000	417 000
Financial Income	8 000	8 000	4 000	4 000
Financial Costs	89 000	77 000	106 000	52 000
Financial Balance	−81 000	−69 000	−102 000	−48 000
Earnings Before Tax	52 000	117 000	384 000	370 000
Tax	21 000	28 000	88 000	81 000
Net Income	31 000	90 000	296 000	289 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 000	12 000	12 000	14 000
Total Current Assets	5 849 000	6 492 000	7 199 000	5 089 000
Total Assets	5 856 000	6 503 000	7 211 000	5 103 000
Total Retained Equity	1 186 000	1 155 000	1 065 000	769 000
Total Equity	1 541 000	1 510 000	1 421 000	1 125 000
Total Long-Term Debt	1 691 000	1 959 000	2 123 000	1 386 000
Total Current Debt	2 623 000	3 034 000	3 668 000	2 593 000
Total Equity and Debt	5 856 000	6 503 000	7 211 000	5 103 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 407 000	17 820 000	14 488 000	15 650 000
Other Income	0	0	41 000	0
Revenue	20 407 000	17 820 000	14 528 000	15 650 000
Cost of Goods Sold	12 078 000	11 746 000	9 179 000	9 979 000
Salary Costs	4 339 000	2 827 000	2 511 000	2 955 000
Depreciation	5 000	0	3 000	9 000
Impairment	0	0	0	0
Expenditure	20 275 000	17 633 000	14 043 000	15 233 000
Operating Profit	133 000	187 000	486 000	417 000
Financial Income	8 000	8 000	4 000	4 000
Financial Costs	89 000	77 000	106 000	52 000
Financial Balance	−81 000	−69 000	−102 000	−48 000
Dividends	0	0	0	0
Net Income	31 000	90 000	296 000	289 000

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	7 000	12 000	12 000	14 000
Total Tangible Assets	7 000	12 000	12 000	14 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 000	12 000	12 000	14 000
Stock	4 536 000	4 188 000	4 462 000	3 480 000
Total Investments	0	0	0	0
Cash, Bank	341 000	1 454 000	1 559 000	588 000
Total Current Assets	5 849 000	6 492 000	7 199 000	5 089 000
Total Assets	5 856 000	6 503 000	7 211 000	5 103 000
Total Equity	1 541 000	1 510 000	1 421 000	1 125 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 691 000	1 959 000	2 123 000	1 386 000
Creditors	1 518 000	1 119 000	2 083 000	1 506 000
Unpaid Taxes	597 000	673 000	351 000	721 000
Dividends	0	0	0	0
Other Current Debt	488 000	1 213 000	1 146 000	285 000
Total Current Debt	2 623 000	3 034 000	3 668 000	2 593 000
Total Equity and Debt	5 856 000	6 503 000	7 211 000	5 103 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,01 %	5,96 %	20,83 %	25,69 %
Debt-to-Equity Ratio	1,1	1,3	1,49	1,23
Operating Profit Margin	0,65 %	1,05 %	3,35 %	2,66 %
Current Ratio	2,23	2,14	1,96	1,96
Quick Ratio	−3,06	−5,63	−9,07	−5,74
Equity Ratio	0,26	0,23	0,2	0,22
Gross Profit Margin	40,81 %	34,09 %	36,82 %	36,24 %