VÆRNES AS

7042 TRONDHEIM

Finances

Return on Equity

73,36 %

Current Ratio

1,36

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	39 262 000	26 965 000	23 116 000	34 687 000
Net Income	2 534 000	1 295 000	648 000	1 805 000
Total Assets	11 390 000	9 334 000	7 504 000	9 598 000
Total Equity	3 454 000	3 201 000	3 071 000	3 006 000

Income (NOK)	2022	2021	2020	2019
Revenue	39 262 000	26 965 000	23 116 000	34 687 000
Expenditure	36 041 000	25 297 000	22 329 000	32 398 000
Operating Profit	3 220 000	1 667 000	787 000	2 289 000
Financial Income	44 000	1 000	54 000	28 000
Financial Costs	1 000	0	1 000	0
Financial Balance	43 000	1 000	53 000	28 000
Earnings Before Tax	3 264 000	1 667 000	841 000	2 317 000
Tax	730 000	372 000	193 000	512 000
Net Income	2 534 000	1 295 000	648 000	1 805 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	560 000	122 000	82 000	82 000
Total Current Assets	10 830 000	9 212 000	7 422 000	9 516 000
Total Assets	11 390 000	9 334 000	7 504 000	9 598 000
Total Retained Equity	2 654 000	2 401 000	2 271 000	2 206 000
Total Equity	3 454 000	3 201 000	3 071 000	3 006 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	7 936 000	6 133 000	4 433 000	6 591 000
Total Equity and Debt	11 390 000	9 334 000	7 504 000	9 598 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	38 768 000	26 872 000	23 064 000	34 516 000
Other Income	494 000	93 000	52 000	171 000
Revenue	39 262 000	26 965 000	23 116 000	34 687 000
Cost of Goods Sold	18 777 000	10 308 000	8 983 000	18 518 000
Salary Costs	13 839 000	11 925 000	10 550 000	11 228 000
Depreciation	37 000	17 000	14 000	22 000
Impairment	0	0	0	0
Expenditure	36 041 000	25 297 000	22 329 000	32 398 000
Operating Profit	3 220 000	1 667 000	787 000	2 289 000
Financial Income	44 000	1 000	54 000	28 000
Financial Costs	1 000	0	1 000	0
Financial Balance	43 000	1 000	53 000	28 000
Dividends	2 281 000	1 166 000	583 000	1 625 000
Net Income	2 534 000	1 295 000	648 000	1 805 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	22 000	24 000	0	12 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	36 000	0	0	0
Fixtures	97 000	97 000	82 000	69 000
Total Tangible Assets	133 000	97 000	82 000	69 000
Total Fiancial Fixed Assets	405 000	0	0	0
Total Fixed Assets	560 000	122 000	82 000	82 000
Stock	528 000	494 000	422 000	402 000
Total Investments	0	0	0	0
Cash, Bank	3 991 000	3 331 000	3 258 000	3 781 000
Total Current Assets	10 830 000	9 212 000	7 422 000	9 516 000
Total Assets	11 390 000	9 334 000	7 504 000	9 598 000
Total Equity	3 454 000	3 201 000	3 071 000	3 006 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 313 000	1 343 000	929 000	458 000
Unpaid Taxes	2 176 000	1 858 000	1 661 000	2 018 000
Dividends	2 281 000	1 166 000	583 000	1 625 000
Other Current Debt	1 439 000	1 370 000	1 079 000	1 978 000
Total Current Debt	7 936 000	6 133 000	4 433 000	6 591 000
Total Equity and Debt	11 390 000	9 334 000	7 504 000	9 598 000

Financial indicators	2022	2021	2020	2019
Return on Equity	73,36 %	40,46 %	21,1 %	60,05 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	8,2 %	6,18 %	3,4 %	6,6 %
Current Ratio	1,36	1,5	1,67	1,44
Quick Ratio	1,46	1,63	1,85	1,54
Equity Ratio	0,3	0,34	0,41	0,31
Gross Profit Margin	52,18 %	61,77 %	61,14 %	46,61 %