VARMETEKNIKK AS

0582 OSLO

Finances

Return on Equity

39,55 %

Current Ratio

2,74

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	57 643 000	56 257 000	29 056 000	32 928 000
Net Income	6 343 000	2 505 000	1 596 000	2 807 000
Total Assets	24 844 000	19 941 000	15 656 000	12 605 000
Total Equity	16 037 000	13 557 000	12 331 000	9 927 000

Income (NOK)	2022	2021	2020	2019
Revenue	57 643 000	56 257 000	29 056 000	32 928 000
Expenditure	49 466 000	52 883 000	27 017 000	29 282 000
Operating Profit	8 176 000	3 374 000	2 040 000	3 645 000
Financial Income	13 000	32 000	36 000	15 000
Financial Costs	50 000	204 000	20 000	55 000
Financial Balance	−37 000	−172 000	16 000	−40 000
Earnings Before Tax	8 138 000	3 203 000	2 056 000	3 605 000
Tax	1 795 000	697 000	460 000	798 000
Net Income	6 343 000	2 505 000	1 596 000	2 807 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	695 000	2 163 000	929 000	1 980 000
Total Current Assets	24 149 000	17 778 000	14 728 000	10 625 000
Total Assets	24 844 000	19 941 000	15 656 000	12 605 000
Total Retained Equity	8 117 000	6 413 000	5 220 000	5 124 000
Total Equity	16 037 000	13 557 000	12 331 000	9 927 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	8 807 000	6 384 000	3 326 000	2 677 000
Total Equity and Debt	24 844 000	19 941 000	15 656 000	12 605 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	57 643 000	56 212 000	29 033 000	32 928 000
Other Income	0	45 000	23 000	0
Revenue	57 643 000	56 257 000	29 056 000	32 928 000
Cost of Goods Sold	26 860 000	30 580 000	18 250 000	20 496 000
Salary Costs	15 645 000	15 328 000	6 068 000	6 015 000
Depreciation	166 000	126 000	66 000	50 000
Impairment	0	0	0	0
Expenditure	49 466 000	52 883 000	27 017 000	29 282 000
Operating Profit	8 176 000	3 374 000	2 040 000	3 645 000
Financial Income	13 000	32 000	36 000	15 000
Financial Costs	50 000	204 000	20 000	55 000
Financial Balance	−37 000	−172 000	16 000	−40 000
Dividends	5 425 000	1 500 000	1 500 000	0
Net Income	6 343 000	2 505 000	1 596 000	2 807 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	91 000	124 000	814 000	1 924 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	355 000	310 000	115 000	56 000
Total Tangible Assets	355 000	310 000	115 000	56 000
Total Fiancial Fixed Assets	250 000	1 730 000	0	0
Total Fixed Assets	695 000	2 163 000	929 000	1 980 000
Stock	9 820 000	5 670 000	2 267 000	950 000
Total Investments	0	0	0	0
Cash, Bank	5 522 000	3 030 000	3 491 000	3 848 000
Total Current Assets	24 149 000	17 778 000	14 728 000	10 625 000
Total Assets	24 844 000	19 941 000	15 656 000	12 605 000
Total Equity	16 037 000	13 557 000	12 331 000	9 927 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	3 417 000	492 000	1 827 000	776 000
Unpaid Taxes	800 000	1 967 000	578 000	914 000
Dividends	5 425 000	1 500 000	1 500 000	0
Other Current Debt	2 827 000	3 918 000	921 000	987 000
Total Current Debt	8 807 000	6 384 000	3 326 000	2 677 000
Total Equity and Debt	24 844 000	19 941 000	15 656 000	12 605 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,55 %	18,48 %	12,94 %	28,28 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	14,18 %	6 %	7,02 %	11,07 %
Current Ratio	2,74	2,78	4,43	3,97
Quick Ratio	−23,84	24,9	13,91	6,15
Equity Ratio	0,65	0,68	0,79	0,79
Gross Profit Margin	53,4 %	45,64 %	37,19 %	37,76 %