VARSJØ ELEKTRO AS

1930 AURSKOG

Finances

Share Ownership

Return on Equity

−6,95 %

Current Ratio

26,46

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	124 000	118 000	224 000	111 000
Net Income	−59 000	−55 000	27 000	−116 000
Total Assets	877 000	945 000	1 068 000	1 037 000
Total Equity	849 000	908 000	964 000	937 000

Income (NOK)	2022	2021	2020	2019
Revenue	124 000	118 000	224 000	111 000
Expenditure	206 000	214 000	201 000	237 000
Operating Profit	−81 000	−96 000	23 000	−127 000
Financial Income	7 000	5 000	7 000	13 000
Financial Costs	2 000	3 000	4 000	5 000
Financial Balance	5 000	2 000	3 000	8 000
Earnings Before Tax	−76 000	−94 000	27 000	−118 000
Tax	−17 000	−38 000	0	−2 000
Net Income	−59 000	−55 000	27 000	−116 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	136 000	161 000	163 000	204 000
Total Current Assets	741 000	784 000	905 000	833 000
Total Assets	877 000	945 000	1 068 000	1 037 000
Total Retained Equity	749 000	808 000	864 000	837 000
Total Equity	849 000	908 000	964 000	937 000
Total Long-Term Debt	0	23 000	49 000	74 000
Total Current Debt	28 000	14 000	55 000	26 000
Total Equity and Debt	877 000	945 000	1 068 000	1 037 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	124 000	118 000	224 000	111 000
Other Income	0	0	0	0
Revenue	124 000	118 000	224 000	111 000
Cost of Goods Sold	39 000	14 000	13 000	16 000
Salary Costs	4 000	5 000	6 000	6 000
Depreciation	41 000	41 000	41 000	51 000
Impairment	0	0	0	0
Expenditure	206 000	214 000	201 000	237 000
Operating Profit	−81 000	−96 000	23 000	−127 000
Financial Income	7 000	5 000	7 000	13 000
Financial Costs	2 000	3 000	4 000	5 000
Financial Balance	5 000	2 000	3 000	8 000
Dividends	0	0	0	0
Net Income	−59 000	−55 000	27 000	−116 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	55 000	38 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	16 000	24 000	32 000	40 000
Fixtures	65 000	98 000	131 000	164 000
Total Tangible Assets	81 000	122 000	163 000	204 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	136 000	161 000	163 000	204 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	574 000	637 000	638 000	685 000
Total Current Assets	741 000	784 000	905 000	833 000
Total Assets	877 000	945 000	1 068 000	1 037 000
Total Equity	849 000	908 000	964 000	937 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	23 000	49 000	74 000
Creditors	0	0	0	0
Unpaid Taxes	28 000	28 000	55 000	26 000
Dividends	0	0	0	0
Other Current Debt	0	−14 000	0	0
Total Current Debt	28 000	14 000	55 000	26 000
Total Equity and Debt	877 000	945 000	1 068 000	1 037 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,95 %	−6,06 %	2,8 %	−12,38 %
Debt-to-Equity Ratio	0	0,03	0,05	0,08
Operating Profit Margin	−65,32 %	−81,36 %	10,27 %	−114,41 %
Current Ratio	26,46	56	16,45	32,04
Quick Ratio	26,46	56	16,45	32,04
Equity Ratio	0,97	0,96	0,9	0,9
Gross Profit Margin	68,55 %	88,14 %	94,2 %	85,59 %