VARMEPUMPE SPESIALISTEN AS

2967 LOMEN

Finances

Share Ownership

Return on Equity

25,7 %

Current Ratio

3,48

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 574 000	1 730 000	1 933 000	3 175 000
Net Income	460 000	208 000	334 000	887 000
Total Assets	2 434 000	1 846 000	1 724 000	1 442 000
Total Equity	1 790 000	1 581 000	1 423 000	1 089 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 574 000	1 730 000	1 933 000	3 175 000
Expenditure	1 988 000	1 460 000	1 505 000	2 014 000
Operating Profit	586 000	270 000	428 000	1 161 000
Financial Income	4 000	3 000	2 000	1 000
Financial Costs	0	6 000	2 000	0
Financial Balance	4 000	−3 000	0	1 000
Earnings Before Tax	590 000	267 000	428 000	1 162 000
Tax	130 000	59 000	94 000	275 000
Net Income	460 000	208 000	334 000	887 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	199 000	253 000	106 000	25 000
Total Current Assets	2 235 000	1 593 000	1 617 000	1 417 000
Total Assets	2 434 000	1 846 000	1 724 000	1 442 000
Total Retained Equity	1 715 000	1 511 000	1 353 000	1 020 000
Total Equity	1 790 000	1 581 000	1 423 000	1 089 000
Total Long-Term Debt	1 000	1 000	0	0
Total Current Debt	643 000	264 000	301 000	353 000
Total Equity and Debt	2 434 000	1 846 000	1 724 000	1 442 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 574 000	1 730 000	1 933 000	3 175 000
Other Income	0	0	0	0
Revenue	2 574 000	1 730 000	1 933 000	3 175 000
Cost of Goods Sold	1 514 000	824 000	1 120 000	1 839 000
Salary Costs	208 000	283 000	117 000	15 000
Depreciation	72 000	60 000	27 000	9 000
Impairment	0	0	0	0
Expenditure	1 988 000	1 460 000	1 505 000	2 014 000
Operating Profit	586 000	270 000	428 000	1 161 000
Financial Income	4 000	3 000	2 000	1 000
Financial Costs	0	6 000	2 000	0
Financial Balance	4 000	−3 000	0	1 000
Dividends	250 000	50 000	0	0
Net Income	460 000	208 000	334 000	887 000

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	199 000	253 000	106 000	25 000
Total Tangible Assets	199 000	253 000	106 000	25 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	199 000	253 000	106 000	25 000
Stock	201 000	201 000	80 000	64 000
Total Investments	0	0	0	0
Cash, Bank	1 905 000	1 442 000	1 479 000	1 243 000
Total Current Assets	2 235 000	1 593 000	1 617 000	1 417 000
Total Assets	2 434 000	1 846 000	1 724 000	1 442 000
Total Equity	1 790 000	1 581 000	1 423 000	1 089 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	1 000	0	0
Creditors	135 000	135 000	186 000	111 000
Unpaid Taxes	30 000	70 000	82 000	56 000
Dividends	250 000	50 000	0	0
Other Current Debt	98 000	−49 000	−60 000	−70 000
Total Current Debt	643 000	264 000	301 000	353 000
Total Equity and Debt	2 434 000	1 846 000	1 724 000	1 442 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,7 %	13,16 %	23,47 %	81,45 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	22,77 %	15,61 %	22,14 %	36,57 %
Current Ratio	3,48	6,03	5,37	4,01
Quick Ratio	5,06	25,29	7,32	4,9
Equity Ratio	0,74	0,86	0,83	0,76
Gross Profit Margin	41,18 %	52,37 %	42,06 %	42,08 %