NORSK VARME INNOVASJON AS

4031 STAVANGER

Finances

Share Ownership

Return on Equity

49,1 %

Current Ratio

1,37

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 822 000	5 476 000	3 701 000	3 088 000
Net Income	356 000	318 000	556 000	217 000
Total Assets	2 645 000	2 217 000	2 234 000	1 602 000
Total Equity	725 000	399 000	582 000	296 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 822 000	5 476 000	3 701 000	3 088 000
Expenditure	6 294 000	5 056 000	2 961 000	2 805 000
Operating Profit	528 000	420 000	739 000	283 000
Financial Income	76 000	58 000	21 000	12 000
Financial Costs	145 000	69 000	46 000	17 000
Financial Balance	−69 000	−11 000	−25 000	−5 000
Earnings Before Tax	459 000	409 000	714 000	279 000
Tax	103 000	91 000	158 000	61 000
Net Income	356 000	318 000	556 000	217 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 000	41 000	50 000	30 000
Total Current Assets	2 626 000	2 177 000	2 184 000	1 572 000
Total Assets	2 645 000	2 217 000	2 234 000	1 602 000
Total Retained Equity	620 000	295 000	478 000	191 000
Total Equity	725 000	399 000	582 000	296 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 920 000	1 818 000	1 652 000	1 306 000
Total Equity and Debt	2 645 000	2 217 000	2 234 000	1 602 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 822 000	5 476 000	3 701 000	3 088 000
Other Income	0	0	0	0
Revenue	6 822 000	5 476 000	3 701 000	3 088 000
Cost of Goods Sold	5 819 000	4 219 000	2 496 000	1 934 000
Salary Costs	68 000	1 000	127 000	2 000
Depreciation	20 000	10 000	9 000	0
Impairment	0	0	0	0
Expenditure	6 294 000	5 056 000	2 961 000	2 805 000
Operating Profit	528 000	420 000	739 000	283 000
Financial Income	76 000	58 000	21 000	12 000
Financial Costs	145 000	69 000	46 000	17 000
Financial Balance	−69 000	−11 000	−25 000	−5 000
Dividends	0	501 000	270 000	0
Net Income	356 000	318 000	556 000	217 000

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	19 000	11 000	20 000	0
Total Tangible Assets	19 000	11 000	20 000	0
Total Fiancial Fixed Assets	0	30 000	30 000	30 000
Total Fixed Assets	19 000	41 000	50 000	30 000
Stock	2 196 000	1 198 000	1 008 000	428 000
Total Investments	0	0	0	0
Cash, Bank	47 000	46 000	121 000	56 000
Total Current Assets	2 626 000	2 177 000	2 184 000	1 572 000
Total Assets	2 645 000	2 217 000	2 234 000	1 602 000
Total Equity	725 000	399 000	582 000	296 000
Short-Term Group Debt	0	0	0	259 000
Total Long-Term Debt	0	0	0	0
Creditors	910 000	496 000	883 000	898 000
Unpaid Taxes	339 000	330 000	322 000	96 000
Dividends	0	501 000	270 000	0
Other Current Debt	567 000	400 000	19 000	0
Total Current Debt	1 920 000	1 818 000	1 652 000	1 306 000
Total Equity and Debt	2 645 000	2 217 000	2 234 000	1 602 000

Financial indicators	2022	2021	2020	2019
Return on Equity	49,1 %	79,7 %	95,53 %	73,31 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,74 %	7,67 %	19,97 %	9,16 %
Current Ratio	1,37	1,2	1,32	1,2
Quick Ratio	−9,51	3,51	3,39	1,79
Equity Ratio	0,27	0,18	0,26	0,18
Gross Profit Margin	14,7 %	22,95 %	32,56 %	37,37 %