VARMEPUMPE ENERGY AS

1339 VØYENENGA

Finances

Share Ownership

Return on Equity

56,83 %

Current Ratio

1,24

Debt-to-Equity Ratio

0,39

Key figures (NOK)	2022	2021	2020	2019
Revenue	38 291 000	20 970 000	9 393 000	3 552 000
Net Income	1 206 000	571 000	136 000	183 000
Total Assets	8 072 000	5 283 000	1 818 000	1 149 000
Total Equity	2 122 000	915 000	344 000	208 000

Income (NOK)	2022	2021	2020	2019
Revenue	38 291 000	20 970 000	9 393 000	3 552 000
Expenditure	36 697 000	20 230 000	9 216 000	3 320 000
Operating Profit	1 595 000	739 000	178 000	233 000
Financial Income	0	1 000	0	0
Financial Costs	48 000	7 000	2 000	0
Financial Balance	−48 000	−6 000	−2 000	0
Earnings Before Tax	1 547 000	733 000	175 000	233 000
Tax	340 000	161 000	39 000	50 000
Net Income	1 206 000	571 000	136 000	183 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 709 000	1 280 000	261 000	89 000
Total Current Assets	6 363 000	4 003 000	1 557 000	1 060 000
Total Assets	8 072 000	5 283 000	1 818 000	1 149 000
Total Retained Equity	2 092 000	885 000	314 000	178 000
Total Equity	2 122 000	915 000	344 000	208 000
Total Long-Term Debt	823 000	620 000	109 000	221 000
Total Current Debt	5 127 000	3 748 000	1 366 000	720 000
Total Equity and Debt	8 072 000	5 283 000	1 818 000	1 149 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	38 291 000	20 970 000	9 393 000	3 552 000
Other Income	0	0	0	0
Revenue	38 291 000	20 970 000	9 393 000	3 552 000
Cost of Goods Sold	26 064 000	14 755 000	6 625 000	2 702 000
Salary Costs	7 834 000	3 814 000	1 990 000	396 000
Depreciation	346 000	174 000	19 000	18 000
Impairment	0	0	0	0
Expenditure	36 697 000	20 230 000	9 216 000	3 320 000
Operating Profit	1 595 000	739 000	178 000	233 000
Financial Income	0	1 000	0	0
Financial Costs	48 000	7 000	2 000	0
Financial Balance	−48 000	−6 000	−2 000	0
Dividends	0	0	0	0
Net Income	1 206 000	571 000	136 000	183 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	210 000	270 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 357 000	869 000	206 000	89 000
Total Tangible Assets	1 357 000	869 000	206 000	89 000
Total Fiancial Fixed Assets	141 000	141 000	55 000	0
Total Fixed Assets	1 709 000	1 280 000	261 000	89 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 865 000	3 423 000	1 263 000	861 000
Total Current Assets	6 363 000	4 003 000	1 557 000	1 060 000
Total Assets	8 072 000	5 283 000	1 818 000	1 149 000
Total Equity	2 122 000	915 000	344 000	208 000
Short-Term Group Debt	1 000	0	0	0
Total Long-Term Debt	823 000	620 000	109 000	221 000
Creditors	2 335 000	2 441 000	693 000	402 000
Unpaid Taxes	1 844 000	819 000	458 000	220 000
Dividends	0	0	0	0
Other Current Debt	617 000	354 000	184 000	49 000
Total Current Debt	5 127 000	3 748 000	1 366 000	720 000
Total Equity and Debt	8 072 000	5 283 000	1 818 000	1 149 000

Financial indicators	2022	2021	2020	2019
Return on Equity	56,83 %	62,4 %	39,53 %	87,98 %
Debt-to-Equity Ratio	0,39	0,68	0,32	1,06
Operating Profit Margin	4,17 %	3,52 %	1,9 %	6,56 %
Current Ratio	1,24	1,07	1,14	1,47
Quick Ratio	1,24	1,07	1,14	1,47
Equity Ratio	0,26	0,17	0,19	0,18
Gross Profit Margin	31,93 %	29,64 %	29,47 %	23,93 %