VARSHEIA AS

4516 MANDAL

Finances

Share Ownership

Return on Equity

41,55 %

Current Ratio

2,85

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	274 000	299 000	245 000	0
Net Income	118 000	155 000	143 000	−7 000
Total Assets	403 000	395 000	205 000	17 000
Total Equity	284 000	315 000	160 000	17 000

Income (NOK)	2022	2021	2020	2019
Revenue	274 000	299 000	245 000	0
Expenditure	122 000	101 000	65 000	7 000
Operating Profit	152 000	199 000	179 000	−7 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	152 000	199 000	179 000	−7 000
Tax	33 000	44 000	37 000	0
Net Income	118 000	155 000	143 000	−7 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	87 000	98 000	109 000	0
Total Current Assets	316 000	297 000	96 000	17 000
Total Assets	403 000	395 000	205 000	17 000
Total Retained Equity	254 000	285 000	130 000	−13 000
Total Equity	284 000	315 000	160 000	17 000
Total Long-Term Debt	8 000	8 000	7 000	0
Total Current Debt	111 000	71 000	38 000	0
Total Equity and Debt	403 000	395 000	205 000	17 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	274 000	289 000	245 000	0
Other Income	0	10 000	0	0
Revenue	274 000	299 000	245 000	0
Cost of Goods Sold	0	0	1 000	0
Salary Costs	1 000	1 000	0	0
Depreciation	11 000	11 000	1 000	0
Impairment	0	0	0	0
Expenditure	122 000	101 000	65 000	7 000
Operating Profit	152 000	199 000	179 000	−7 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	150 000	0	0	0
Net Income	118 000	155 000	143 000	−7 000

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	87 000	98 000	109 000	0
Fixtures	0	0	0	0
Total Tangible Assets	87 000	98 000	109 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	87 000	98 000	109 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	118 000	282 000	85 000	17 000
Total Current Assets	316 000	297 000	96 000	17 000
Total Assets	403 000	395 000	205 000	17 000
Total Equity	284 000	315 000	160 000	17 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 000	8 000	7 000	0
Creditors	3 000	1 000	2 000	0
Unpaid Taxes	62 000	20 000	1 000	0
Dividends	150 000	0	0	0
Other Current Debt	12 000	8 000	5 000	0
Total Current Debt	111 000	71 000	38 000	0
Total Equity and Debt	403 000	395 000	205 000	17 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,55 %	49,21 %	89,38 %	−41,18 %
Debt-to-Equity Ratio	0,03	0,03	0,04	0
Operating Profit Margin	55,47 %	66,56 %	73,06 %	-
Current Ratio	2,85	4,18	2,53	-
Quick Ratio	2,85	4,18	2,53	-
Equity Ratio	0,7	0,8	0,78	1
Gross Profit Margin	100 %	100 %	99,59 %	-