VARME & KULDETEKNIKK AS

1481 HAGAN

Finances

Share Ownership

Return on Equity

22,71 %

Current Ratio

1,8

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 265 000	2 364 000	2 305 000	2 283 000
Net Income	288 000	235 000	135 000	146 000
Total Assets	1 644 000	1 890 000	1 392 000	1 055 000
Total Equity	1 268 000	980 000	745 000	610 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 265 000	2 364 000	2 305 000	2 283 000
Expenditure	1 901 000	2 058 000	2 137 000	2 097 000
Operating Profit	364 000	306 000	168 000	186 000
Financial Income	5 000	4 000	6 000	2 000
Financial Costs	0	10 000	1 000	0
Financial Balance	5 000	−6 000	5 000	2 000
Earnings Before Tax	369 000	301 000	173 000	188 000
Tax	81 000	66 000	38 000	42 000
Net Income	288 000	235 000	135 000	146 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	980 000	1 129 000	555 000	160 000
Total Current Assets	665 000	761 000	836 000	895 000
Total Assets	1 644 000	1 890 000	1 392 000	1 055 000
Total Retained Equity	1 243 000	955 000	721 000	586 000
Total Equity	1 268 000	980 000	745 000	610 000
Total Long-Term Debt	6 000	92 000	13 000	4 000
Total Current Debt	370 000	818 000	634 000	440 000
Total Equity and Debt	1 644 000	1 890 000	1 392 000	1 055 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 265 000	2 364 000	2 305 000	2 283 000
Other Income	0	0	0	0
Revenue	2 265 000	2 364 000	2 305 000	2 283 000
Cost of Goods Sold	894 000	726 000	701 000	674 000
Salary Costs	391 000	946 000	1 050 000	1 186 000
Depreciation	287 000	27 000	93 000	35 000
Impairment	0	0	0	0
Expenditure	1 901 000	2 058 000	2 137 000	2 097 000
Operating Profit	364 000	306 000	168 000	186 000
Financial Income	5 000	4 000	6 000	2 000
Financial Costs	0	10 000	1 000	0
Financial Balance	5 000	−6 000	5 000	2 000
Dividends	0	0	0	0
Net Income	288 000	235 000	135 000	146 000

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	401 000	405 000	432 000	0
Fixtures	566 000	723 000	123 000	160 000
Total Tangible Assets	967 000	1 129 000	555 000	160 000
Total Fiancial Fixed Assets	13 000	0	0	0
Total Fixed Assets	980 000	1 129 000	555 000	160 000
Stock	63 000	30 000	30 000	30 000
Total Investments	0	0	0	0
Cash, Bank	78 000	134 000	257 000	349 000
Total Current Assets	665 000	761 000	836 000	895 000
Total Assets	1 644 000	1 890 000	1 392 000	1 055 000
Total Equity	1 268 000	980 000	745 000	610 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 000	92 000	13 000	4 000
Creditors	11 000	−12 000	145 000	4 000
Unpaid Taxes	100 000	247 000	226 000	263 000
Dividends	0	0	0	0
Other Current Debt	135 000	508 000	233 000	136 000
Total Current Debt	370 000	818 000	634 000	440 000
Total Equity and Debt	1 644 000	1 890 000	1 392 000	1 055 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,71 %	23,98 %	18,12 %	23,93 %
Debt-to-Equity Ratio	0	0,09	0,02	0,01
Operating Profit Margin	16,07 %	12,94 %	7,29 %	8,15 %
Current Ratio	1,8	0,93	1,32	2,03
Quick Ratio	2,17	0,97	1,38	2,18
Equity Ratio	0,77	0,52	0,54	0,58
Gross Profit Margin	60,53 %	69,29 %	69,59 %	70,48 %