VÆRFAST AS

2630 RINGEBU

Finances

Return on Equity

104,65 %

Current Ratio

1,54

Debt-to-Equity Ratio

2,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 656 000	2 583 000	1 492 000	1 244 000
Net Income	135 000	−36 000	−42 000	159 000
Total Assets	1 190 000	683 000	629 000	669 000
Total Equity	129 000	−6 000	29 000	71 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 656 000	2 583 000	1 492 000	1 244 000
Expenditure	2 474 000	2 597 000	1 509 000	1 054 000
Operating Profit	182 000	−15 000	−17 000	190 000
Financial Income	1 000	0	0	0
Financial Costs	20 000	21 000	24 000	19 000
Financial Balance	−19 000	−21 000	−24 000	−19 000
Earnings Before Tax	162 000	−36 000	−41 000	172 000
Tax	27 000	0	1 000	13 000
Net Income	135 000	−36 000	−42 000	159 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	40 000	58 000	76 000	37 000
Total Current Assets	1 150 000	625 000	554 000	632 000
Total Assets	1 190 000	683 000	629 000	669 000
Total Retained Equity	94 000	−41 000	−5 000	37 000
Total Equity	129 000	−6 000	29 000	71 000
Total Long-Term Debt	315 000	385 000	453 000	495 000
Total Current Debt	746 000	305 000	147 000	103 000
Total Equity and Debt	1 190 000	683 000	629 000	669 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 404 000	2 148 000	1 396 000	1 182 000
Other Income	252 000	435 000	96 000	62 000
Revenue	2 656 000	2 583 000	1 492 000	1 244 000
Cost of Goods Sold	938 000	1 189 000	852 000	564 000
Salary Costs	962 000	908 000	323 000	148 000
Depreciation	18 000	25 000	26 000	18 000
Impairment	0	0	0	0
Expenditure	2 474 000	2 597 000	1 509 000	1 054 000
Operating Profit	182 000	−15 000	−17 000	190 000
Financial Income	1 000	0	0	0
Financial Costs	20 000	21 000	24 000	19 000
Financial Balance	−19 000	−21 000	−24 000	−19 000
Dividends	0	0	0	0
Net Income	135 000	−36 000	−42 000	159 000

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	32 000	50 000	76 000	37 000
Total Tangible Assets	32 000	50 000	76 000	37 000
Total Fiancial Fixed Assets	8 000	8 000	0	0
Total Fixed Assets	40 000	58 000	76 000	37 000
Stock	388 000	363 000	344 000	396 000
Total Investments	0	0	0	0
Cash, Bank	268 000	254 000	208 000	213 000
Total Current Assets	1 150 000	625 000	554 000	632 000
Total Assets	1 190 000	683 000	629 000	669 000
Total Equity	129 000	−6 000	29 000	71 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	315 000	385 000	453 000	495 000
Creditors	98 000	186 000	62 000	31 000
Unpaid Taxes	56 000	41 000	39 000	27 000
Dividends	0	0	0	0
Other Current Debt	566 000	78 000	45 000	32 000
Total Current Debt	746 000	305 000	147 000	103 000
Total Equity and Debt	1 190 000	683 000	629 000	669 000

Financial indicators	2022	2021	2020	2019
Return on Equity	104,65 %	600 %	−144,83 %	223,94 %
Debt-to-Equity Ratio	2,44	−64,17	15,62	6,97
Operating Profit Margin	6,85 %	−0,58 %	−1,14 %	15,27 %
Current Ratio	1,54	2,05	3,77	6,14
Quick Ratio	3,21	−10,78	−2,81	−2,16
Equity Ratio	0,11	−0,01	0,05	0,11
Gross Profit Margin	64,68 %	53,97 %	42,9 %	54,66 %