VARME ENERGI AS

3121 NØTTERØY

Finances

Return on Equity

34,53 %

Current Ratio

3,52

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 876 000	8 370 000	6 455 000	6 845 000
Net Income	1 636 000	668 000	579 000	590 000
Total Assets	6 847 000	4 614 000	4 743 000	4 240 000
Total Equity	4 738 000	3 101 000	2 433 000	1 854 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 876 000	8 370 000	6 455 000	6 845 000
Expenditure	7 743 000	7 490 000	5 710 000	6 034 000
Operating Profit	2 133 000	879 000	745 000	812 000
Financial Income	1 000	1 000	53 000	4 000
Financial Costs	20 000	23 000	47 000	59 000
Financial Balance	−19 000	−22 000	6 000	−55 000
Earnings Before Tax	2 114 000	857 000	750 000	757 000
Tax	478 000	189 000	172 000	167 000
Net Income	1 636 000	668 000	579 000	590 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	549 000	668 000	1 665 000	1 060 000
Total Current Assets	6 298 000	3 946 000	3 078 000	3 180 000
Total Assets	6 847 000	4 614 000	4 743 000	4 240 000
Total Retained Equity	4 438 000	2 802 000	2 133 000	1 554 000
Total Equity	4 738 000	3 101 000	2 433 000	1 854 000
Total Long-Term Debt	322 000	446 000	680 000	1 047 000
Total Current Debt	1 788 000	1 066 000	1 631 000	1 339 000
Total Equity and Debt	6 847 000	4 614 000	4 743 000	4 240 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 876 000	8 370 000	6 445 000	6 807 000
Other Income	0	0	10 000	39 000
Revenue	9 876 000	8 370 000	6 455 000	6 845 000
Cost of Goods Sold	4 640 000	5 540 000	3 361 000	2 996 000
Salary Costs	11 000	5 000	3 000	3 000
Depreciation	228 000	217 000	226 000	209 000
Impairment	0	0	0	0
Expenditure	7 743 000	7 490 000	5 710 000	6 034 000
Operating Profit	2 133 000	879 000	745 000	812 000
Financial Income	1 000	1 000	53 000	4 000
Financial Costs	20 000	23 000	47 000	59 000
Financial Balance	−19 000	−22 000	6 000	−55 000
Dividends	0	0	0	0
Net Income	1 636 000	668 000	579 000	590 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	47 000	71 000	95 000	119 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	372 000	467 000	660 000	811 000
Total Tangible Assets	419 000	538 000	755 000	930 000
Total Fiancial Fixed Assets	130 000	130 000	910 000	130 000
Total Fixed Assets	549 000	668 000	1 665 000	1 060 000
Stock	1 999 000	1 519 000	1 471 000	1 297 000
Total Investments	0	0	0	0
Cash, Bank	3 819 000	2 380 000	1 251 000	758 000
Total Current Assets	6 298 000	3 946 000	3 078 000	3 180 000
Total Assets	6 847 000	4 614 000	4 743 000	4 240 000
Total Equity	4 738 000	3 101 000	2 433 000	1 854 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	322 000	446 000	680 000	1 047 000
Creditors	1 210 000	731 000	1 419 000	1 045 000
Unpaid Taxes	0	29 000	21 000	133 000
Dividends	0	0	0	0
Other Current Debt	95 000	113 000	4 000	4 000
Total Current Debt	1 788 000	1 066 000	1 631 000	1 339 000
Total Equity and Debt	6 847 000	4 614 000	4 743 000	4 240 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,53 %	21,54 %	23,8 %	31,82 %
Debt-to-Equity Ratio	0,07	0,14	0,28	0,56
Operating Profit Margin	21,6 %	10,5 %	11,54 %	11,86 %
Current Ratio	3,52	3,7	1,89	2,37
Quick Ratio	−29,85	−8,71	19,24	75,71
Equity Ratio	0,69	0,67	0,51	0,44
Gross Profit Margin	53,02 %	33,81 %	47,93 %	56,23 %