VOLARE DISTRIKT AS

7800 NAMSOS

Finances

Share Ownership

Return on Equity

800 %

Current Ratio

1,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	2 973 000	1 784 000	694 000
Net Income	344 000	−224 000	18 000
Total Assets	650 000	263 000	238 000
Total Equity	43 000	−186 000	30 000

Income (NOK)	2022	2021	2020
Revenue	2 973 000	1 784 000	694 000
Expenditure	2 573 000	1 998 000	671 000
Operating Profit	400 000	−214 000	23 000
Financial Income	3 000	0	0
Financial Costs	4 000	12 000	0
Financial Balance	−1 000	−12 000	0
Earnings Before Tax	399 000	−226 000	23 000
Tax	55 000	−2 000	5 000
Net Income	344 000	−224 000	18 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	0	0
Total Current Assets	650 000	263 000	238 000
Total Assets	650 000	263 000	238 000
Total Retained Equity	13 000	−216 000	0
Total Equity	43 000	−186 000	30 000
Total Long-Term Debt	0	180 000	0
Total Current Debt	607 000	269 000	208 000
Total Equity and Debt	650 000	263 000	238 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	11 000	0
Other Income	2 973 000	1 773 000	694 000
Revenue	2 973 000	1 784 000	694 000
Cost of Goods Sold	0	0	0
Salary Costs	1 959 000	1 521 000	382 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	2 573 000	1 998 000	671 000
Operating Profit	400 000	−214 000	23 000
Financial Income	3 000	0	0
Financial Costs	4 000	12 000	0
Financial Balance	−1 000	−12 000	0
Dividends	115 000	0	0
Net Income	344 000	−224 000	18 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	0	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	131 000	56 000	198 000
Total Current Assets	650 000	263 000	238 000
Total Assets	650 000	263 000	238 000
Total Equity	43 000	−186 000	30 000
Short-Term Group Debt	0	0	23 000
Total Long-Term Debt	0	180 000	0
Creditors	4 000	4 000	0
Unpaid Taxes	113 000	82 000	91 000
Dividends	115 000	0	0
Other Current Debt	319 000	183 000	94 000
Total Current Debt	607 000	269 000	208 000
Total Equity and Debt	650 000	263 000	238 000

Financial indicators	2022	2021	2020
Return on Equity	800 %	120,43 %	60 %
Debt-to-Equity Ratio	0	−0,97	0
Operating Profit Margin	13,45 %	−12 %	3,31 %
Current Ratio	1,07	0,98	1,14
Quick Ratio	1,07	0,98	1,14
Equity Ratio	0,07	−0,71	0,13
Gross Profit Margin	100 %	100 %	100 %