NORSK VARME OG ENERGI AS

1166 OSLO

Finances

Share Ownership

Return on Equity

22,1 %

Current Ratio

3,89

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 374 000	271 000	194 000	3 344 000
Net Income	40 000	−60 000	−435 000	615 000
Total Assets	242 000	326 000	294 000	889 000
Total Equity	181 000	141 000	201 000	636 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 374 000	271 000	194 000	3 344 000
Expenditure	3 323 000	346 000	749 000	2 556 000
Operating Profit	51 000	−75 000	−555 000	788 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	2 000	0
Financial Balance	0	−1 000	−2 000	0
Earnings Before Tax	51 000	−76 000	−558 000	788 000
Tax	11 000	−17 000	−123 000	173 000
Net Income	40 000	−60 000	−435 000	615 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 000	17 000	0	0
Total Current Assets	237 000	309 000	294 000	889 000
Total Assets	242 000	326 000	294 000	889 000
Total Retained Equity	151 000	111 000	171 000	606 000
Total Equity	181 000	141 000	201 000	636 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	61 000	185 000	93 000	253 000
Total Equity and Debt	242 000	326 000	294 000	889 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 374 000	271 000	194 000	3 344 000
Other Income	0	0	0	0
Revenue	3 374 000	271 000	194 000	3 344 000
Cost of Goods Sold	2 843 000	213 000	163 000	2 381 000
Salary Costs	372 000	86 000	492 000	4 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 323 000	346 000	749 000	2 556 000
Operating Profit	51 000	−75 000	−555 000	788 000
Financial Income	0	0	0	0
Financial Costs	0	1 000	2 000	0
Financial Balance	0	−1 000	−2 000	0
Dividends	0	0	0	0
Net Income	40 000	−60 000	−435 000	615 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 000	17 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	6 000	17 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	167 000	294 000	157 000	882 000
Total Current Assets	237 000	309 000	294 000	889 000
Total Assets	242 000	326 000	294 000	889 000
Total Equity	181 000	141 000	201 000	636 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	56 000	121 000	26 000	1 000
Unpaid Taxes	−22 000	22 000	13 000	83 000
Dividends	0	0	0	0
Other Current Debt	28 000	42 000	54 000	−1 000
Total Current Debt	61 000	185 000	93 000	253 000
Total Equity and Debt	242 000	326 000	294 000	889 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,1 %	−42,55 %	−216,42 %	96,7 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,51 %	−27,68 %	−286,08 %	23,56 %
Current Ratio	3,89	1,67	3,16	3,51
Quick Ratio	3,89	1,67	3,16	3,51
Equity Ratio	0,75	0,43	0,68	0,72
Gross Profit Margin	15,74 %	21,4 %	15,98 %	28,8 %