VARMEPUMPER HAUGESUND AS

5514 HAUGESUND

Finances

Share Ownership

Return on Equity

346,1 %

Current Ratio

1,11

Debt-to-Equity Ratio

0,48

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 435 000	12 787 000	5 736 000	3 269 000
Net Income	2 042 000	972 000	−472 000	385 000
Total Assets	6 042 000	3 976 000	1 608 000	1 155 000
Total Equity	590 000	594 000	121 000	593 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 435 000	12 787 000	5 736 000	3 269 000
Expenditure	15 801 000	11 638 000	6 212 000	2 869 000
Operating Profit	2 633 000	1 149 000	−476 000	400 000
Financial Income	11 000	8 000	5 000	7 000
Financial Costs	27 000	19 000	20 000	2 000
Financial Balance	−16 000	−11 000	−15 000	5 000
Earnings Before Tax	2 616 000	1 137 000	−491 000	405 000
Tax	575 000	165 000	−19 000	19 000
Net Income	2 042 000	972 000	−472 000	385 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	330 000	152 000	0	0
Total Current Assets	5 712 000	3 824 000	1 608 000	1 155 000
Total Assets	6 042 000	3 976 000	1 608 000	1 155 000
Total Retained Equity	0	4 000	−469 000	3 000
Total Equity	590 000	594 000	121 000	593 000
Total Long-Term Debt	286 000	539 000	800 000	19 000
Total Current Debt	5 165 000	2 844 000	687 000	542 000
Total Equity and Debt	6 042 000	3 976 000	1 608 000	1 155 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 419 000	12 627 000	5 736 000	3 269 000
Other Income	15 000	159 000	0	0
Revenue	18 435 000	12 787 000	5 736 000	3 269 000
Cost of Goods Sold	10 094 000	6 426 000	2 877 000	1 387 000
Salary Costs	2 839 000	2 763 000	1 837 000	695 000
Depreciation	47 000	8 000	0	0
Impairment	0	0	0	0
Expenditure	15 801 000	11 638 000	6 212 000	2 869 000
Operating Profit	2 633 000	1 149 000	−476 000	400 000
Financial Income	11 000	8 000	5 000	7 000
Financial Costs	27 000	19 000	20 000	2 000
Financial Balance	−16 000	−11 000	−15 000	5 000
Dividends	2 045 000	500 000	0	0
Net Income	2 042 000	972 000	−472 000	385 000

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	330 000	152 000	0	0
Total Tangible Assets	330 000	152 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	330 000	152 000	0	0
Stock	1 936 000	1 332 000	823 000	549 000
Total Investments	0	0	0	0
Cash, Bank	2 616 000	1 767 000	431 000	414 000
Total Current Assets	5 712 000	3 824 000	1 608 000	1 155 000
Total Assets	6 042 000	3 976 000	1 608 000	1 155 000
Total Equity	590 000	594 000	121 000	593 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	286 000	539 000	800 000	19 000
Creditors	1 419 000	1 126 000	161 000	198 000
Unpaid Taxes	623 000	618 000	321 000	192 000
Dividends	2 045 000	500 000	0	0
Other Current Debt	506 000	435 000	205 000	153 000
Total Current Debt	5 165 000	2 844 000	687 000	542 000
Total Equity and Debt	6 042 000	3 976 000	1 608 000	1 155 000

Financial indicators	2022	2021	2020	2019
Return on Equity	346,1 %	163,64 %	−390,08 %	64,92 %
Debt-to-Equity Ratio	0,48	0,91	6,61	0,03
Operating Profit Margin	14,28 %	8,99 %	−8,3 %	12,24 %
Current Ratio	1,11	1,34	2,34	2,13
Quick Ratio	1,77	2,53	−11,82	−165
Equity Ratio	0,1	0,15	0,08	0,51
Gross Profit Margin	45,25 %	49,75 %	49,84 %	57,57 %