VÅRVIK GLAS AS

5568 VIKEBYGD

Finances

Share Ownership

Return on Equity

64,25 %

Current Ratio

1,99

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 390 000	1 698 000	2 076 000	2 024 000
Net Income	142 000	−74 000	−102 000	−69 000
Total Assets	444 000	214 000	326 000	611 000
Total Equity	221 000	79 000	153 000	255 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 390 000	1 698 000	2 076 000	2 024 000
Expenditure	1 249 000	1 773 000	2 180 000	2 097 000
Operating Profit	142 000	−76 000	−104 000	−72 000
Financial Income	1 000	2 000	2 000	2 000
Financial Costs	0	0	0	0
Financial Balance	1 000	2 000	2 000	2 000
Earnings Before Tax	142 000	−74 000	−102 000	−70 000
Tax	0	0	0	−1 000
Net Income	142 000	−74 000	−102 000	−69 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	11 000	23 000	35 000
Total Current Assets	444 000	203 000	303 000	576 000
Total Assets	444 000	214 000	326 000	611 000
Total Retained Equity	131 000	−11 000	63 000	165 000
Total Equity	221 000	79 000	153 000	255 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	223 000	135 000	173 000	355 000
Total Equity and Debt	444 000	214 000	326 000	611 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 390 000	1 698 000	2 076 000	2 024 000
Other Income	0	0	0	0
Revenue	1 390 000	1 698 000	2 076 000	2 024 000
Cost of Goods Sold	809 000	1 310 000	1 587 000	1 426 000
Salary Costs	219 000	142 000	280 000	414 000
Depreciation	11 000	12 000	12 000	12 000
Impairment	0	0	0	0
Expenditure	1 249 000	1 773 000	2 180 000	2 097 000
Operating Profit	142 000	−76 000	−104 000	−72 000
Financial Income	1 000	2 000	2 000	2 000
Financial Costs	0	0	0	0
Financial Balance	1 000	2 000	2 000	2 000
Dividends	0	0	0	0
Net Income	142 000	−74 000	−102 000	−69 000

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	0	11 000	23 000	35 000
Total Tangible Assets	0	11 000	23 000	35 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	11 000	23 000	35 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	299 000	32 000	181 000	261 000
Total Current Assets	444 000	203 000	303 000	576 000
Total Assets	444 000	214 000	326 000	611 000
Total Equity	221 000	79 000	153 000	255 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	71 000	27 000	16 000	26 000
Unpaid Taxes	74 000	52 000	67 000	135 000
Dividends	0	0	0	0
Other Current Debt	79 000	56 000	90 000	194 000
Total Current Debt	223 000	135 000	173 000	355 000
Total Equity and Debt	444 000	214 000	326 000	611 000

Financial indicators	2022	2021	2020	2019
Return on Equity	64,25 %	−93,67 %	−66,67 %	−27,06 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10,22 %	−4,48 %	−5,01 %	−3,56 %
Current Ratio	1,99	1,5	1,75	1,62
Quick Ratio	1,99	1,5	1,75	1,62
Equity Ratio	0,5	0,37	0,47	0,42
Gross Profit Margin	41,8 %	22,85 %	23,55 %	29,55 %