VAREBIL AS

1618 FREDRIKSTAD

Finances

Share Ownership

Return on Equity

−48,59 %

Current Ratio

1,73

Debt-to-Equity Ratio

0,43

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 783 000	11 540 000	10 721 000	9 045 000
Net Income	−276 000	177 000	87 000	423 000
Total Assets	1 507 000	2 128 000	2 081 000	2 085 000
Total Equity	568 000	844 000	667 000	580 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 783 000	11 540 000	10 721 000	9 045 000
Expenditure	10 086 000	11 281 000	10 575 000	8 497 000
Operating Profit	−302 000	259 000	146 000	548 000
Financial Income	4 000	0	0	0
Financial Costs	14 000	30 000	27 000	2 000
Financial Balance	−10 000	−30 000	−27 000	−2 000
Earnings Before Tax	−312 000	229 000	119 000	547 000
Tax	−36 000	52 000	32 000	124 000
Net Income	−276 000	177 000	87 000	423 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	301 000	515 000	794 000	528 000
Total Current Assets	1 206 000	1 613 000	1 287 000	1 557 000
Total Assets	1 507 000	2 128 000	2 081 000	2 085 000
Total Retained Equity	540 000	817 000	640 000	552 000
Total Equity	568 000	844 000	667 000	580 000
Total Long-Term Debt	243 000	344 000	695 000	469 000
Total Current Debt	696 000	940 000	719 000	1 037 000
Total Equity and Debt	1 507 000	2 128 000	2 081 000	2 085 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 748 000	11 422 000	10 667 000	9 010 000
Other Income	35 000	118 000	54 000	35 000
Revenue	9 783 000	11 540 000	10 721 000	9 045 000
Cost of Goods Sold	7 983 000	9 256 000	9 016 000	7 567 000
Salary Costs	796 000	474 000	257 000	0
Depreciation	96 000	111 000	163 000	78 000
Impairment	0	0	0	0
Expenditure	10 086 000	11 281 000	10 575 000	8 497 000
Operating Profit	−302 000	259 000	146 000	548 000
Financial Income	4 000	0	0	0
Financial Costs	14 000	30 000	27 000	2 000
Financial Balance	−10 000	−30 000	−27 000	−2 000
Dividends	0	0	0	400 000
Net Income	−276 000	177 000	87 000	423 000

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	285 000	381 000	767 000	528 000
Total Tangible Assets	285 000	381 000	767 000	528 000
Total Fiancial Fixed Assets	16 000	134 000	28 000	0
Total Fixed Assets	301 000	515 000	794 000	528 000
Stock	299 000	773 000	219 000	512 000
Total Investments	0	0	0	0
Cash, Bank	632 000	573 000	820 000	496 000
Total Current Assets	1 206 000	1 613 000	1 287 000	1 557 000
Total Assets	1 507 000	2 128 000	2 081 000	2 085 000
Total Equity	568 000	844 000	667 000	580 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	243 000	344 000	695 000	469 000
Creditors	469 000	380 000	199 000	527 000
Unpaid Taxes	59 000	38 000	29 000	0
Dividends	0	0	0	400 000
Other Current Debt	168 000	486 000	459 000	0
Total Current Debt	696 000	940 000	719 000	1 037 000
Total Equity and Debt	1 507 000	2 128 000	2 081 000	2 085 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−48,59 %	20,97 %	13,04 %	72,93 %
Debt-to-Equity Ratio	0,43	0,41	1,04	0,81
Operating Profit Margin	−3,09 %	2,24 %	1,36 %	6,06 %
Current Ratio	1,73	1,72	1,79	1,5
Quick Ratio	3,04	9,66	2,57	2,97
Equity Ratio	0,38	0,4	0,32	0,28
Gross Profit Margin	18,4 %	19,79 %	15,9 %	16,34 %