VÆRK AS

1632 GAMLE FREDRIKSTAD

Finances

Share Ownership

Return on Equity

1 504,11 %

Current Ratio

0,71

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 510 000	6 864 000	4 205 000	945 000
Net Income	−1 098 000	49 000	−326 000	33 000
Total Assets	1 632 000	2 048 000	706 000	72 000
Total Equity	−73 000	530 000	181 000	−18 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 510 000	6 864 000	4 205 000	945 000
Expenditure	8 608 000	6 715 000	4 612 000	917 000
Operating Profit	−1 098 000	150 000	−406 000	28 000
Financial Income	0	0	0	0
Financial Costs	0	2 000	12 000	8 000
Financial Balance	0	−2 000	−12 000	−8 000
Earnings Before Tax	−1 098 000	148 000	−418 000	20 000
Tax	0	99 000	−92 000	−13 000
Net Income	−1 098 000	49 000	−326 000	33 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	414 000	592 000	562 000	23 000
Total Current Assets	1 218 000	1 456 000	144 000	49 000
Total Assets	1 632 000	2 048 000	706 000	72 000
Total Retained Equity	−659 000	−325 000	−374 000	−48 000
Total Equity	−73 000	530 000	181 000	−18 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 705 000	1 518 000	526 000	91 000
Total Equity and Debt	1 632 000	2 048 000	706 000	72 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 755 000	6 387 000	4 205 000	945 000
Other Income	755 000	478 000	0	0
Revenue	7 510 000	6 864 000	4 205 000	945 000
Cost of Goods Sold	2 154 000	1 705 000	1 106 000	309 000
Salary Costs	3 928 000	2 940 000	2 211 000	38 000
Depreciation	166 000	109 000	73 000	0
Impairment	0	0	0	0
Expenditure	8 608 000	6 715 000	4 612 000	917 000
Operating Profit	−1 098 000	150 000	−406 000	28 000
Financial Income	0	0	0	0
Financial Costs	0	2 000	12 000	8 000
Financial Balance	0	−2 000	−12 000	−8 000
Dividends	0	0	0	0
Net Income	−1 098 000	49 000	−326 000	33 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	24 000	98 000	197 000	13 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	390 000	493 000	355 000	0
Total Tangible Assets	390 000	493 000	355 000	0
Total Fiancial Fixed Assets	0	0	10 000	10 000
Total Fixed Assets	414 000	592 000	562 000	23 000
Stock	146 000	213 000	209 000	14 000
Total Investments	0	0	0	0
Cash, Bank	615 000	980 000	17 000	5 000
Total Current Assets	1 218 000	1 456 000	144 000	49 000
Total Assets	1 632 000	2 048 000	706 000	72 000
Total Equity	−73 000	530 000	181 000	−18 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	250 000	656 000	302 000	70 000
Unpaid Taxes	389 000	368 000	74 000	18 000
Dividends	0	0	0	0
Other Current Debt	1 067 000	494 000	149 000	3 000
Total Current Debt	1 705 000	1 518 000	526 000	91 000
Total Equity and Debt	1 632 000	2 048 000	706 000	72 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1 504,11 %	9,25 %	−180,11 %	−183,33 %
Debt-to-Equity Ratio	−0	0	0	−0
Operating Profit Margin	−14,62 %	2,19 %	−9,66 %	2,96 %
Current Ratio	0,71	0,96	0,27	0,54
Quick Ratio	0,78	1,12	0,45	0,64
Equity Ratio	−0,04	0,26	0,26	−0,25
Gross Profit Margin	71,32 %	75,16 %	73,7 %	67,3 %