VARMA AS

3515 HØNEFOSS

Finances

Share Ownership

Return on Equity

−14,88 %

Current Ratio

0,26

Debt-to-Equity Ratio

−1,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 443 000	8 287 000	4 132 000	10 855 000
Net Income	1 398 000	−7 325 000	−5 221 000	−7 311 000
Total Assets	9 259 000	9 584 000	16 160 000	19 248 000
Total Equity	−9 394 000	−10 793 000	−4 491 000	−270 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 443 000	8 287 000	4 132 000	10 855 000
Expenditure	11 679 000	15 245 000	9 099 000	17 472 000
Operating Profit	1 763 000	−6 958 000	−4 967 000	−6 615 000
Financial Income	315 000	1 000	6 000	23 000
Financial Costs	679 000	368 000	260 000	719 000
Financial Balance	−364 000	−367 000	−254 000	−696 000
Earnings Before Tax	1 398 000	−7 325 000	−5 221 000	−7 311 000
Tax	0	0	0	0
Net Income	1 398 000	−7 325 000	−5 221 000	−7 311 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 314 000	7 999 000	14 070 000	17 246 000
Total Current Assets	1 944 000	1 585 000	2 090 000	2 002 000
Total Assets	9 259 000	9 584 000	16 160 000	19 248 000
Total Retained Equity	−28 894 000	−30 292 000	−22 967 000	−17 746 000
Total Equity	−9 394 000	−10 793 000	−4 491 000	−270 000
Total Long-Term Debt	11 046 000	11 285 000	11 263 000	10 551 000
Total Current Debt	7 607 000	9 091 000	9 388 000	8 966 000
Total Equity and Debt	9 259 000	9 584 000	16 160 000	19 248 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 864 000	7 962 000	3 925 000	9 972 000
Other Income	2 579 000	326 000	207 000	883 000
Revenue	13 443 000	8 287 000	4 132 000	10 855 000
Cost of Goods Sold	5 371 000	4 750 000	2 684 000	5 667 000
Salary Costs	2 411 000	2 061 000	2 320 000	5 016 000
Depreciation	811 000	2 073 000	2 084 000	1 604 000
Impairment	0	3 910 000	0	2 058 000
Expenditure	11 679 000	15 245 000	9 099 000	17 472 000
Operating Profit	1 763 000	−6 958 000	−4 967 000	−6 615 000
Financial Income	315 000	1 000	6 000	23 000
Financial Costs	679 000	368 000	260 000	719 000
Financial Balance	−364 000	−367 000	−254 000	−696 000
Dividends	0	0	0	0
Net Income	1 398 000	−7 325 000	−5 221 000	−7 311 000

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	7 310 000	7 354 000	13 127 000	16 023 000
Fixtures	0	636 000	923 000	1 177 000
Total Tangible Assets	7 310 000	7 990 000	14 050 000	17 200 000
Total Fiancial Fixed Assets	4 000	9 000	20 000	46 000
Total Fixed Assets	7 314 000	7 999 000	14 070 000	17 246 000
Stock	378 000	572 000	1 263 000	844 000
Total Investments	0	0	0	0
Cash, Bank	89 000	67 000	96 000	200 000
Total Current Assets	1 944 000	1 585 000	2 090 000	2 002 000
Total Assets	9 259 000	9 584 000	16 160 000	19 248 000
Total Equity	−9 394 000	−10 793 000	−4 491 000	−270 000
Short-Term Group Debt	4 464 000	4 450 000	4 135 000	2 839 000
Total Long-Term Debt	11 046 000	11 285 000	11 263 000	10 551 000
Creditors	1 071 000	3 527 000	3 793 000	3 874 000
Unpaid Taxes	451 000	216 000	81 000	955 000
Dividends	0	0	0	0
Other Current Debt	626 000	281 000	735 000	800 000
Total Current Debt	7 607 000	9 091 000	9 388 000	8 966 000
Total Equity and Debt	9 259 000	9 584 000	16 160 000	19 248 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−14,88 %	67,87 %	116,25 %	2 707,78 %
Debt-to-Equity Ratio	−1,18	−1,05	−2,51	−39,08
Operating Profit Margin	13,11 %	−83,96 %	−120,21 %	−60,94 %
Current Ratio	0,26	0,17	0,22	0,22
Quick Ratio	0,27	0,19	0,26	0,25
Equity Ratio	−1,01	−1,13	−0,28	−0,01
Gross Profit Margin	60,05 %	42,68 %	35,04 %	47,79 %