SKIEN VARMESENTER AS

3740 SKIEN

Finances

Return on Equity

24,95 %

Current Ratio

2,62

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 081 000	16 189 000	14 745 000	15 109 000
Net Income	2 174 000	2 414 000	1 868 000	2 088 000
Total Assets	13 341 000	10 386 000	7 403 000	7 641 000
Total Equity	8 712 000	6 539 000	4 724 000	4 856 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 081 000	16 189 000	14 745 000	15 109 000
Expenditure	16 336 000	13 100 000	12 365 000	12 461 000
Operating Profit	2 744 000	3 089 000	2 380 000	2 649 000
Financial Income	61 000	16 000	26 000	49 000
Financial Costs	18 000	8 000	19 000	13 000
Financial Balance	43 000	8 000	7 000	36 000
Earnings Before Tax	2 787 000	3 097 000	2 387 000	2 686 000
Tax	613 000	682 000	519 000	598 000
Net Income	2 174 000	2 414 000	1 868 000	2 088 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 370 000	1 241 000	1 128 000	117 000
Total Current Assets	11 971 000	9 145 000	6 275 000	7 524 000
Total Assets	13 341 000	10 386 000	7 403 000	7 641 000
Total Retained Equity	8 600 000	6 427 000	4 612 000	4 744 000
Total Equity	8 712 000	6 539 000	4 724 000	4 856 000
Total Long-Term Debt	58 000	54 000	24 000	0
Total Current Debt	4 570 000	3 793 000	2 654 000	2 785 000
Total Equity and Debt	13 341 000	10 386 000	7 403 000	7 641 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 078 000	16 173 000	14 739 000	15 106 000
Other Income	2 000	16 000	6 000	4 000
Revenue	19 081 000	16 189 000	14 745 000	15 109 000
Cost of Goods Sold	10 960 000	9 247 000	8 722 000	8 792 000
Salary Costs	3 448 000	2 288 000	2 181 000	2 005 000
Depreciation	247 000	196 000	124 000	39 000
Impairment	0	0	0	0
Expenditure	16 336 000	13 100 000	12 365 000	12 461 000
Operating Profit	2 744 000	3 089 000	2 380 000	2 649 000
Financial Income	61 000	16 000	26 000	49 000
Financial Costs	18 000	8 000	19 000	13 000
Financial Balance	43 000	8 000	7 000	36 000
Dividends	0	600 000	2 000 000	1 500 000
Net Income	2 174 000	2 414 000	1 868 000	2 088 000

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	1 329 000	1 200 000	1 087 000	77 000
Total Tangible Assets	1 329 000	1 200 000	1 087 000	77 000
Total Fiancial Fixed Assets	41 000	41 000	41 000	41 000
Total Fixed Assets	1 370 000	1 241 000	1 128 000	117 000
Stock	1 904 000	1 588 000	1 306 000	1 304 000
Total Investments	0	0	0	0
Cash, Bank	9 279 000	6 422 000	4 403 000	5 495 000
Total Current Assets	11 971 000	9 145 000	6 275 000	7 524 000
Total Assets	13 341 000	10 386 000	7 403 000	7 641 000
Total Equity	8 712 000	6 539 000	4 724 000	4 856 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	58 000	54 000	24 000	0
Creditors	1 578 000	1 252 000	1 011 000	1 168 000
Unpaid Taxes	785 000	914 000	778 000	669 000
Dividends	0	600 000	2 000 000	1 500 000
Other Current Debt	1 598 000	975 000	370 000	350 000
Total Current Debt	4 570 000	3 793 000	2 654 000	2 785 000
Total Equity and Debt	13 341 000	10 386 000	7 403 000	7 641 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,95 %	36,92 %	39,54 %	43 %
Debt-to-Equity Ratio	0,01	0,01	0,01	0
Operating Profit Margin	14,38 %	19,08 %	16,14 %	17,53 %
Current Ratio	2,62	2,41	2,36	2,7
Quick Ratio	4,49	4,15	4,66	5,08
Equity Ratio	0,65	0,63	0,64	0,64
Gross Profit Margin	42,56 %	42,88 %	40,85 %	41,81 %