VAREXPRESSEN AS

3530 RØYSE

Finances

Share Ownership

Return on Equity

111,09 %

Current Ratio

1,59

Debt-to-Equity Ratio

0,56

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 141 000	5 063 000	3 835 000	3 931 000
Net Income	691 000	622 000	−391 000	−486 000
Total Assets	1 804 000	2 452 000	1 999 000	2 095 000
Total Equity	622 000	−68 000	−690 000	−299 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 141 000	5 063 000	3 835 000	3 931 000
Expenditure	4 334 000	4 381 000	4 174 000	4 329 000
Operating Profit	806 000	682 000	−339 000	−397 000
Financial Income	9 000	12 000	14 000	6 000
Financial Costs	25 000	72 000	66 000	95 000
Financial Balance	−16 000	−60 000	−52 000	−89 000
Earnings Before Tax	790 000	622 000	−391 000	−486 000
Tax	100 000	0	0	0
Net Income	691 000	622 000	−391 000	−486 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	483 000	808 000	490 000	778 000
Total Current Assets	1 321 000	1 644 000	1 509 000	1 316 000
Total Assets	1 804 000	2 452 000	1 999 000	2 095 000
Total Retained Equity	522 000	−168 000	−790 000	−399 000
Total Equity	622 000	−68 000	−690 000	−299 000
Total Long-Term Debt	350 000	632 000	370 000	815 000
Total Current Debt	832 000	1 889 000	2 319 000	1 579 000
Total Equity and Debt	1 804 000	2 452 000	1 999 000	2 095 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 140 000	5 062 000	3 835 000	3 840 000
Other Income	1 000	1 000	0	91 000
Revenue	5 141 000	5 063 000	3 835 000	3 931 000
Cost of Goods Sold	201 000	189 000	140 000	66 000
Salary Costs	2 081 000	2 089 000	2 266 000	2 460 000
Depreciation	395 000	445 000	288 000	299 000
Impairment	0	0	0	0
Expenditure	4 334 000	4 381 000	4 174 000	4 329 000
Operating Profit	806 000	682 000	−339 000	−397 000
Financial Income	9 000	12 000	14 000	6 000
Financial Costs	25 000	72 000	66 000	95 000
Financial Balance	−16 000	−60 000	−52 000	−89 000
Dividends	0	0	0	0
Net Income	691 000	622 000	−391 000	−486 000

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	69 000	0	0	0
Fixtures	414 000	808 000	490 000	778 000
Total Tangible Assets	483 000	808 000	490 000	778 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	483 000	808 000	490 000	778 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	16 000	18 000	0	16 000
Total Current Assets	1 321 000	1 644 000	1 509 000	1 316 000
Total Assets	1 804 000	2 452 000	1 999 000	2 095 000
Total Equity	622 000	−68 000	−690 000	−299 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	350 000	632 000	370 000	815 000
Creditors	375 000	187 000	252 000	226 000
Unpaid Taxes	197 000	380 000	751 000	211 000
Dividends	0	0	0	0
Other Current Debt	122 000	1 225 000	1 217 000	1 058 000
Total Current Debt	832 000	1 889 000	2 319 000	1 579 000
Total Equity and Debt	1 804 000	2 452 000	1 999 000	2 095 000

Financial indicators	2022	2021	2020	2019
Return on Equity	111,09 %	−914,71 %	56,67 %	162,54 %
Debt-to-Equity Ratio	0,56	−9,29	−0,54	−2,73
Operating Profit Margin	15,68 %	13,47 %	−8,84 %	−10,1 %
Current Ratio	1,59	0,87	0,65	0,83
Quick Ratio	1,59	0,87	0,65	0,83
Equity Ratio	0,34	−0,03	−0,35	−0,14
Gross Profit Margin	96,09 %	96,27 %	96,35 %	98,32 %