VARMEHANDEL AS

3840 SELJORD

Finances

Return on Equity

36,13 %

Current Ratio

2,29

Debt-to-Equity Ratio

0,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	38 463 000	29 768 000	25 223 000	22 513 000
Net Income	3 617 000	1 996 000	1 885 000	475 000
Total Assets	17 513 000	13 685 000	10 515 000	7 297 000
Total Equity	10 012 000	6 227 000	4 231 000	2 595 000

Income (NOK)	2022	2021	2020	2019
Revenue	38 463 000	29 768 000	25 223 000	22 513 000
Expenditure	33 796 000	27 022 000	22 698 000	21 781 000
Operating Profit	4 667 000	2 747 000	2 525 000	732 000
Financial Income	3 000	1 000	2 000	3 000
Financial Costs	99 000	112 000	105 000	125 000
Financial Balance	−96 000	−111 000	−103 000	−122 000
Earnings Before Tax	4 571 000	2 636 000	2 423 000	610 000
Tax	954 000	640 000	538 000	134 000
Net Income	3 617 000	1 996 000	1 885 000	475 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 393 000	2 618 000	2 975 000	1 246 000
Total Current Assets	14 120 000	11 068 000	7 540 000	6 052 000
Total Assets	17 513 000	13 685 000	10 515 000	7 297 000
Total Retained Equity	9 615 000	5 847 000	3 851 000	2 195 000
Total Equity	10 012 000	6 227 000	4 231 000	2 595 000
Total Long-Term Debt	1 344 000	1 872 000	2 577 000	2 005 000
Total Current Debt	6 157 000	5 587 000	3 708 000	2 697 000
Total Equity and Debt	17 513 000	13 685 000	10 515 000	7 297 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	38 352 000	29 697 000	25 141 000	22 435 000
Other Income	111 000	71 000	82 000	78 000
Revenue	38 463 000	29 768 000	25 223 000	22 513 000
Cost of Goods Sold	21 654 000	17 209 000	15 282 000	13 852 000
Salary Costs	7 104 000	6 303 000	4 477 000	4 634 000
Depreciation	284 000	389 000	391 000	280 000
Impairment	0	0	0	0
Expenditure	33 796 000	27 022 000	22 698 000	21 781 000
Operating Profit	4 667 000	2 747 000	2 525 000	732 000
Financial Income	3 000	1 000	2 000	3 000
Financial Costs	99 000	112 000	105 000	125 000
Financial Balance	−96 000	−111 000	−103 000	−122 000
Dividends	0	0	0	0
Net Income	3 617 000	1 996 000	1 885 000	475 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	162 000	131 000	225 000	319 000
Real Eastate	43 000	43 000	199 000	0
Machinery and Plant Facilities	254 000	73 000	97 000	202 000
Fixtures	303 000	340 000	454 000	725 000
Total Tangible Assets	600 000	455 000	750 000	927 000
Total Fiancial Fixed Assets	2 631 000	2 031 000	2 000 000	0
Total Fixed Assets	3 393 000	2 618 000	2 975 000	1 246 000
Stock	8 032 000	6 571 000	4 947 000	4 494 000
Total Investments	0	0	0	0
Cash, Bank	3 715 000	2 834 000	1 428 000	562 000
Total Current Assets	14 120 000	11 068 000	7 540 000	6 052 000
Total Assets	17 513 000	13 685 000	10 515 000	7 297 000
Total Equity	10 012 000	6 227 000	4 231 000	2 595 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 344 000	1 872 000	2 577 000	2 005 000
Creditors	2 112 000	2 161 000	945 000	834 000
Unpaid Taxes	1 762 000	1 660 000	1 235 000	859 000
Dividends	0	0	0	0
Other Current Debt	1 298 000	1 126 000	969 000	874 000
Total Current Debt	6 157 000	5 587 000	3 708 000	2 697 000
Total Equity and Debt	17 513 000	13 685 000	10 515 000	7 297 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,13 %	32,05 %	44,55 %	18,3 %
Debt-to-Equity Ratio	0,13	0,3	0,61	0,77
Operating Profit Margin	12,13 %	9,23 %	10,01 %	3,25 %
Current Ratio	2,29	1,98	2,03	2,24
Quick Ratio	−7,53	−11,25	−6,09	−3,37
Equity Ratio	0,57	0,46	0,4	0,36
Gross Profit Margin	43,7 %	42,19 %	39,41 %	38,47 %