VARMA NORGE AS

3515 HØNEFOSS

Finances

Share Ownership

Return on Equity

−11,7 %

Current Ratio

0,38

Debt-to-Equity Ratio

−0,43

Key figures (NOK)	2022	2021	2020	2019
Revenue	17 348 000	14 702 000	11 564 000	14 817 000
Net Income	413 000	−5 517 000	397 000	−1 451 000
Total Assets	1 211 000	1 715 000	8 103 000	10 259 000
Total Equity	−3 530 000	−3 943 000	1 574 000	616 000

Income (NOK)	2022	2021	2020	2019
Revenue	17 348 000	14 702 000	11 564 000	14 817 000
Expenditure	16 690 000	20 104 000	10 896 000	16 144 000
Operating Profit	658 000	−5 402 000	668 000	−1 327 000
Financial Income	52 000	78 000	36 000	24 000
Financial Costs	297 000	193 000	307 000	148 000
Financial Balance	−245 000	−115 000	−271 000	−124 000
Earnings Before Tax	413 000	−5 517 000	397 000	−1 451 000
Tax	0	0	0	0
Net Income	413 000	−5 517 000	397 000	−1 451 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	4 136 000	2 844 000
Total Current Assets	1 211 000	1 715 000	3 967 000	7 416 000
Total Assets	1 211 000	1 715 000	8 103 000	10 259 000
Total Retained Equity	−3 954 000	−4 367 000	1 150 000	192 000
Total Equity	−3 530 000	−3 943 000	1 574 000	616 000
Total Long-Term Debt	1 533 000	2 000 000	2 259 000	2 392 000
Total Current Debt	3 208 000	3 658 000	4 270 000	7 251 000
Total Equity and Debt	1 211 000	1 715 000	8 103 000	10 259 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 433 000	14 185 000	11 465 000	14 817 000
Other Income	914 000	518 000	98 000	0
Revenue	17 348 000	14 702 000	11 564 000	14 817 000
Cost of Goods Sold	15 764 000	12 292 000	9 411 000	12 820 000
Salary Costs	530 000	366 000	699 000	1 538 000
Depreciation	0	1 000	4 000	4 000
Impairment	0	0	0	0
Expenditure	16 690 000	20 104 000	10 896 000	16 144 000
Operating Profit	658 000	−5 402 000	668 000	−1 327 000
Financial Income	52 000	78 000	36 000	24 000
Financial Costs	297 000	193 000	307 000	148 000
Financial Balance	−245 000	−115 000	−271 000	−124 000
Dividends	0	0	0	0
Net Income	413 000	−5 517 000	397 000	−1 451 000

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	0	0	1 000	5 000
Total Tangible Assets	0	0	1 000	5 000
Total Fiancial Fixed Assets	0	0	4 135 000	2 839 000
Total Fixed Assets	0	0	4 136 000	2 844 000
Stock	322 000	84 000	299 000	1 765 000
Total Investments	0	0	0	0
Cash, Bank	200 000	765 000	308 000	1 338 000
Total Current Assets	1 211 000	1 715 000	3 967 000	7 416 000
Total Assets	1 211 000	1 715 000	8 103 000	10 259 000
Total Equity	−3 530 000	−3 943 000	1 574 000	616 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 533 000	2 000 000	2 259 000	2 392 000
Creditors	1 244 000	1 233 000	1 520 000	1 274 000
Unpaid Taxes	642 000	992 000	1 322 000	1 836 000
Dividends	0	0	0	0
Other Current Debt	1 321 000	1 433 000	1 428 000	4 141 000
Total Current Debt	3 208 000	3 658 000	4 270 000	7 251 000
Total Equity and Debt	1 211 000	1 715 000	8 103 000	10 259 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,7 %	139,92 %	25,22 %	−235,55 %
Debt-to-Equity Ratio	−0,43	−0,51	1,44	3,88
Operating Profit Margin	3,79 %	−36,74 %	5,78 %	−8,96 %
Current Ratio	0,38	0,47	0,93	1,02
Quick Ratio	0,42	0,48	1	1,35
Equity Ratio	−2,91	−2,3	0,19	0,06
Gross Profit Margin	9,13 %	16,39 %	18,62 %	13,48 %