VARMEFORUM AS

7075 TILLER

Finances

Share Ownership

Return on Equity

41,9 %

Current Ratio

1,15

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 927 000	22 110 000	19 272 000	18 666 000
Net Income	251 000	817 000	789 000	796 000
Total Assets	3 353 000	4 260 000	3 583 000	3 422 000
Total Equity	599 000	647 000	730 000	1 441 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 927 000	22 110 000	19 272 000	18 666 000
Expenditure	20 590 000	21 028 000	18 254 000	17 921 000
Operating Profit	337 000	1 081 000	1 018 000	1 048 000
Financial Income	8 000	5 000	15 000	8 000
Financial Costs	21 000	17 000	26 000	35 000
Financial Balance	−13 000	−12 000	−11 000	−27 000
Earnings Before Tax	324 000	1 069 000	1 007 000	1 021 000
Tax	72 000	252 000	219 000	224 000
Net Income	251 000	817 000	789 000	796 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	176 000	231 000	165 000	156 000
Total Current Assets	3 177 000	4 028 000	3 418 000	3 266 000
Total Assets	3 353 000	4 260 000	3 583 000	3 422 000
Total Retained Equity	0	13 000	96 000	807 000
Total Equity	599 000	647 000	730 000	1 441 000
Total Long-Term Debt	0	0	2 000	0
Total Current Debt	2 754 000	3 612 000	2 851 000	1 981 000
Total Equity and Debt	3 353 000	4 260 000	3 583 000	3 422 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 927 000	22 052 000	19 014 000	18 530 000
Other Income	0	58 000	258 000	136 000
Revenue	20 927 000	22 110 000	19 272 000	18 666 000
Cost of Goods Sold	11 316 000	12 429 000	12 235 000	11 805 000
Salary Costs	5 215 000	4 732 000	3 235 000	3 612 000
Depreciation	72 000	63 000	43 000	35 000
Impairment	0	0	0	0
Expenditure	20 590 000	21 028 000	18 254 000	17 921 000
Operating Profit	337 000	1 081 000	1 018 000	1 048 000
Financial Income	8 000	5 000	15 000	8 000
Financial Costs	21 000	17 000	26 000	35 000
Financial Balance	−13 000	−12 000	−11 000	−27 000
Dividends	300 000	900 000	1 500 000	0
Net Income	251 000	817 000	789 000	796 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	5 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	161 000	195 000	108 000	151 000
Total Tangible Assets	161 000	195 000	108 000	151 000
Total Fiancial Fixed Assets	15 000	36 000	57 000	0
Total Fixed Assets	176 000	231 000	165 000	156 000
Stock	2 377 000	2 224 000	2 017 000	1 958 000
Total Investments	0	0	0	0
Cash, Bank	175 000	969 000	535 000	502 000
Total Current Assets	3 177 000	4 028 000	3 418 000	3 266 000
Total Assets	3 353 000	4 260 000	3 583 000	3 422 000
Total Equity	599 000	647 000	730 000	1 441 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	2 000	0
Creditors	822 000	867 000	658 000	656 000
Unpaid Taxes	698 000	682 000	405 000	530 000
Dividends	300 000	900 000	1 500 000	0
Other Current Debt	861 000	909 000	676 000	569 000
Total Current Debt	2 754 000	3 612 000	2 851 000	1 981 000
Total Equity and Debt	3 353 000	4 260 000	3 583 000	3 422 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,9 %	126,28 %	108,08 %	55,24 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,61 %	4,89 %	5,28 %	5,61 %
Current Ratio	1,15	1,12	1,2	1,65
Quick Ratio	8,43	2,9	4,1	142
Equity Ratio	0,18	0,15	0,2	0,42
Gross Profit Margin	45,93 %	43,79 %	36,51 %	36,76 %