VARBAK CONSULTING AS

4550 FARSUND

Finances

Share Ownership

Return on Equity

1,58 %

Current Ratio

112,9

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	893 000	90 000	3 334 000	6 203 000
Net Income	182 000	1 796 000	1 317 000	1 363 000
Total Assets	11 629 000	11 366 000	10 361 000	11 397 000
Total Equity	11 526 000	11 345 000	9 549 000	8 231 000

Income (NOK)	2022	2021	2020	2019
Revenue	893 000	90 000	3 334 000	6 203 000
Expenditure	544 000	368 000	1 448 000	4 361 000
Operating Profit	348 000	−278 000	1 887 000	1 842 000
Financial Income	65 000	2 038 000	12 000	15 000
Financial Costs	120 000	2 000	142 000	64 000
Financial Balance	−55 000	2 036 000	−130 000	−49 000
Earnings Before Tax	293 000	1 757 000	1 757 000	1 792 000
Tax	112 000	−38 000	439 000	429 000
Net Income	182 000	1 796 000	1 317 000	1 363 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	6 437 000	8 074 000	8 274 000
Total Current Assets	11 629 000	4 929 000	2 287 000	3 124 000
Total Assets	11 629 000	11 366 000	10 361 000	11 397 000
Total Retained Equity	11 496 000	11 315 000	9 519 000	8 201 000
Total Equity	11 526 000	11 345 000	9 549 000	8 231 000
Total Long-Term Debt	0	0	0	1 907 000
Total Current Debt	103 000	22 000	812 000	1 259 000
Total Equity and Debt	11 629 000	11 366 000	10 361 000	11 397 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 000	90 000	3 334 000	6 203 000
Other Income	890 000	0	0	0
Revenue	893 000	90 000	3 334 000	6 203 000
Cost of Goods Sold	0	80 000	121 000	2 941 000
Salary Costs	89 000	59 000	798 000	776 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	544 000	368 000	1 448 000	4 361 000
Operating Profit	348 000	−278 000	1 887 000	1 842 000
Financial Income	65 000	2 038 000	12 000	15 000
Financial Costs	120 000	2 000	142 000	64 000
Financial Balance	−55 000	2 036 000	−130 000	−49 000
Dividends	0	0	0	0
Net Income	182 000	1 796 000	1 317 000	1 363 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	38 000	0	0
Real Eastate	0	5 363 000	5 363 000	5 363 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	5 363 000	5 363 000	5 363 000
Total Fiancial Fixed Assets	0	1 036 000	2 711 000	2 911 000
Total Fixed Assets	0	6 437 000	8 074 000	8 274 000
Stock	0	0	0	0
Total Investments	6 417 000	0	0	0
Cash, Bank	5 186 000	4 844 000	1 951 000	2 336 000
Total Current Assets	11 629 000	4 929 000	2 287 000	3 124 000
Total Assets	11 629 000	11 366 000	10 361 000	11 397 000
Total Equity	11 526 000	11 345 000	9 549 000	8 231 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	1 907 000
Creditors	0	23 000	18 000	450 000
Unpaid Taxes	20 000	−1 000	279 000	316 000
Dividends	0	0	0	0
Other Current Debt	10 000	0	76 000	64 000
Total Current Debt	103 000	22 000	812 000	1 259 000
Total Equity and Debt	11 629 000	11 366 000	10 361 000	11 397 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,58 %	15,83 %	13,79 %	16,56 %
Debt-to-Equity Ratio	0	0	0	0,23
Operating Profit Margin	38,97 %	−308,89 %	56,6 %	29,7 %
Current Ratio	112,9	224,05	2,82	2,48
Quick Ratio	112,9	224,05	2,82	2,48
Equity Ratio	0,99	1	0,92	0,72
Gross Profit Margin	100 %	11,11 %	96,37 %	52,59 %