VARMEFAG, VARME & DESIGN AS

1448 DRØBAK

Finances

Return on Equity

18,29 %

Current Ratio

3,78

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	24 118 000	21 636 000	19 972 000	20 299 000
Net Income	2 116 000	2 312 000	2 062 000	134 000
Total Assets	15 661 000	12 822 000	10 109 000	7 551 000
Total Equity	11 570 000	9 449 000	7 142 000	5 065 000

Income (NOK)	2022	2021	2020	2019
Revenue	24 118 000	21 636 000	19 972 000	20 299 000
Expenditure	21 464 000	18 671 000	17 299 000	20 124 000
Operating Profit	2 655 000	2 965 000	2 674 000	176 000
Financial Income	70 000	13 000	2 000	6 000
Financial Costs	0	4 000	3 000	0
Financial Balance	70 000	9 000	−1 000	6 000
Earnings Before Tax	2 724 000	2 975 000	2 673 000	182 000
Tax	608 000	663 000	611 000	48 000
Net Income	2 116 000	2 312 000	2 062 000	134 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	266 000	424 000	640 000	1 227 000
Total Current Assets	15 395 000	12 398 000	9 470 000	6 324 000
Total Assets	15 661 000	12 822 000	10 109 000	7 551 000
Total Retained Equity	10 903 000	8 787 000	6 475 000	4 413 000
Total Equity	11 570 000	9 449 000	7 142 000	5 065 000
Total Long-Term Debt	18 000	28 000	23 000	0
Total Current Debt	4 074 000	3 345 000	2 944 000	2 486 000
Total Equity and Debt	15 661 000	12 822 000	10 109 000	7 551 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 294 000	21 371 000	19 685 000	19 924 000
Other Income	12 824 000	266 000	287 000	375 000
Revenue	24 118 000	21 636 000	19 972 000	20 299 000
Cost of Goods Sold	418 000	383 000	452 000	480 000
Salary Costs	5 846 000	5 471 000	5 135 000	4 767 000
Depreciation	158 000	216 000	216 000	180 000
Impairment	0	0	0	0
Expenditure	21 464 000	18 671 000	17 299 000	20 124 000
Operating Profit	2 655 000	2 965 000	2 674 000	176 000
Financial Income	70 000	13 000	2 000	6 000
Financial Costs	0	4 000	3 000	0
Financial Balance	70 000	9 000	−1 000	6 000
Dividends	0	0	0	0
Net Income	2 116 000	2 312 000	2 062 000	134 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	9 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	266 000	424 000	640 000	441 000
Total Tangible Assets	266 000	424 000	640 000	441 000
Total Fiancial Fixed Assets	0	0	0	777 000
Total Fixed Assets	266 000	424 000	640 000	1 227 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	10 874 000	9 056 000	5 890 000	3 167 000
Total Current Assets	15 395 000	12 398 000	9 470 000	6 324 000
Total Assets	15 661 000	12 822 000	10 109 000	7 551 000
Total Equity	11 570 000	9 449 000	7 142 000	5 065 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	18 000	28 000	23 000	0
Creditors	2 369 000	1 711 000	941 000	738 000
Unpaid Taxes	476 000	389 000	389 000	344 000
Dividends	0	0	0	0
Other Current Debt	610 000	588 000	1 036 000	1 359 000
Total Current Debt	4 074 000	3 345 000	2 944 000	2 486 000
Total Equity and Debt	15 661 000	12 822 000	10 109 000	7 551 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,29 %	24,47 %	28,87 %	2,65 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	11,01 %	13,7 %	13,39 %	0,87 %
Current Ratio	3,78	3,71	3,22	2,54
Quick Ratio	3,78	3,71	3,22	2,54
Equity Ratio	0,74	0,74	0,71	0,67
Gross Profit Margin	98,27 %	98,23 %	97,74 %	97,64 %