VARMEUTVIKLING AS

2090 HURDAL

Finances

Share Ownership

Return on Equity

100 %

Current Ratio

1,29

Debt-to-Equity Ratio

−3,6

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 827 000	2 370 000	4 095 000	1 992 000
Net Income	−840 000	−505 000	82 000	−177 000
Total Assets	3 027 000	1 888 000	1 263 000	1 438 000
Total Equity	−840 000	0	504 000	482 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 827 000	2 370 000	4 095 000	1 992 000
Expenditure	4 665 000	2 870 000	3 982 000	2 166 000
Operating Profit	−838 000	−500 000	112 000	−174 000
Financial Income	0	0	0	0
Financial Costs	2 000	4 000	8 000	1 000
Financial Balance	−2 000	−4 000	−8 000	−1 000
Earnings Before Tax	−840 000	−505 000	105 000	−175 000
Tax	0	0	23 000	2 000
Net Income	−840 000	−505 000	82 000	−177 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 935 000	540 000	308 000	365 000
Total Current Assets	1 092 000	1 349 000	955 000	1 072 000
Total Assets	3 027 000	1 888 000	1 263 000	1 438 000
Total Retained Equity	−870 000	−30 000	474 000	452 000
Total Equity	−840 000	0	504 000	482 000
Total Long-Term Debt	3 022 000	1 222 000	0	2 000
Total Current Debt	846 000	667 000	759 000	954 000
Total Equity and Debt	3 027 000	1 888 000	1 263 000	1 438 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 823 000	2 370 000	4 093 000	1 992 000
Other Income	5 000	0	2 000	0
Revenue	3 827 000	2 370 000	4 095 000	1 992 000
Cost of Goods Sold	2 439 000	1 139 000	2 649 000	851 000
Salary Costs	1 495 000	1 215 000	1 062 000	1 169 000
Depreciation	262 000	59 000	10 000	4 000
Impairment	0	0	0	0
Expenditure	4 665 000	2 870 000	3 982 000	2 166 000
Operating Profit	−838 000	−500 000	112 000	−174 000
Financial Income	0	0	0	0
Financial Costs	2 000	4 000	8 000	1 000
Financial Balance	−2 000	−4 000	−8 000	−1 000
Dividends	0	0	0	0
Net Income	−840 000	−505 000	82 000	−177 000

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	1 564 000	62 000	0	10 000
Fixtures	371 000	477 000	0	0
Total Tangible Assets	1 935 000	540 000	0	10 000
Total Fiancial Fixed Assets	0	0	308 000	355 000
Total Fixed Assets	1 935 000	540 000	308 000	365 000
Stock	433 000	498 000	91 000	55 000
Total Investments	0	0	0	0
Cash, Bank	28 000	252 000	767 000	182 000
Total Current Assets	1 092 000	1 349 000	955 000	1 072 000
Total Assets	3 027 000	1 888 000	1 263 000	1 438 000
Total Equity	−840 000	0	504 000	482 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 022 000	1 222 000	0	2 000
Creditors	565 000	339 000	20 000	638 000
Unpaid Taxes	133 000	136 000	237 000	213 000
Dividends	0	0	0	0
Other Current Debt	148 000	192 000	493 000	103 000
Total Current Debt	846 000	667 000	759 000	954 000
Total Equity and Debt	3 027 000	1 888 000	1 263 000	1 438 000

Financial indicators	2022	2021	2020	2019
Return on Equity	100 %	-	16,27 %	−36,72 %
Debt-to-Equity Ratio	−3,6	-	0	0
Operating Profit Margin	−21,9 %	−21,1 %	2,74 %	−8,73 %
Current Ratio	1,29	2,02	1,26	1,12
Quick Ratio	2,64	7,98	1,43	1,19
Equity Ratio	−0,28	0	0,4	0,34
Gross Profit Margin	36,27 %	51,94 %	35,31 %	57,28 %