VARMEPUMPEMESTEREN AS

1055 OSLO

Finances

Share Ownership

Return on Equity

4,79 %

Current Ratio

2,18

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 640 000	2 796 000	2 490 000	2 718 000
Net Income	77 000	42 000	3 000	−14 000
Total Assets	2 331 000	2 484 000	2 649 000	2 654 000
Total Equity	1 608 000	1 530 000	1 488 000	1 485 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 640 000	2 796 000	2 490 000	2 718 000
Expenditure	5 526 000	2 735 000	2 456 000	2 722 000
Operating Profit	116 000	61 000	34 000	−4 000
Financial Income	0	6 000	0	6 000
Financial Costs	16 000	16 000	31 000	16 000
Financial Balance	−16 000	−10 000	−31 000	−10 000
Earnings Before Tax	99 000	51 000	3 000	−14 000
Tax	22 000	9 000	0	0
Net Income	77 000	42 000	3 000	−14 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	754 000	643 000	643 000	643 000
Total Current Assets	1 577 000	1 841 000	2 006 000	2 011 000
Total Assets	2 331 000	2 484 000	2 649 000	2 654 000
Total Retained Equity	1 508 000	1 430 000	1 388 000	1 385 000
Total Equity	1 608 000	1 530 000	1 488 000	1 485 000
Total Long-Term Debt	0	0	0	194 000
Total Current Debt	724 000	954 000	1 161 000	975 000
Total Equity and Debt	2 331 000	2 484 000	2 649 000	2 654 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 640 000	2 796 000	2 490 000	2 718 000
Other Income	0	0	0	0
Revenue	5 640 000	2 796 000	2 490 000	2 718 000
Cost of Goods Sold	3 878 000	1 890 000	1 497 000	1 794 000
Salary Costs	1 189 000	671 000	774 000	547 000
Depreciation	189 000	0	0	161 000
Impairment	0	0	0	0
Expenditure	5 526 000	2 735 000	2 456 000	2 722 000
Operating Profit	116 000	61 000	34 000	−4 000
Financial Income	0	6 000	0	6 000
Financial Costs	16 000	16 000	31 000	16 000
Financial Balance	−16 000	−10 000	−31 000	−10 000
Dividends	0	0	0	0
Net Income	77 000	42 000	3 000	−14 000

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	754 000	643 000	643 000	643 000
Total Tangible Assets	754 000	643 000	643 000	643 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	754 000	643 000	643 000	643 000
Stock	1 200 000	1 322 000	1 428 000	1 328 000
Total Investments	0	0	0	0
Cash, Bank	0	10 000	69 000	155 000
Total Current Assets	1 577 000	1 841 000	2 006 000	2 011 000
Total Assets	2 331 000	2 484 000	2 649 000	2 654 000
Total Equity	1 608 000	1 530 000	1 488 000	1 485 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	194 000
Creditors	0	0	0	94 000
Unpaid Taxes	379 000	445 000	557 000	261 000
Dividends	0	0	0	0
Other Current Debt	311 000	450 000	595 000	476 000
Total Current Debt	724 000	954 000	1 161 000	975 000
Total Equity and Debt	2 331 000	2 484 000	2 649 000	2 654 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,79 %	2,75 %	0,2 %	−0,94 %
Debt-to-Equity Ratio	0	0	0	0,13
Operating Profit Margin	2,06 %	2,18 %	1,37 %	−0,15 %
Current Ratio	2,18	1,93	1,73	2,06
Quick Ratio	−3,31	−5	−7,51	−5,7
Equity Ratio	0,69	0,62	0,56	0,56
Gross Profit Margin	31,24 %	32,4 %	39,88 %	34 %