VARIG TECHNOLOGIES AS

0157 OSLO

Finances

Share Ownership

Return on Equity

−58,49 %

Current Ratio

3,42

Debt-to-Equity Ratio

0,32

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 168 000	280 000	239 000	28 000
Net Income	−11 773 000	−11 565 000	−3 634 000	1 471 000
Total Assets	31 785 000	31 605 000	11 851 000	11 327 000
Total Equity	20 128 000	26 902 000	7 447 000	7 531 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 168 000	280 000	239 000	28 000
Expenditure	15 831 000	11 845 000	3 873 000	−1 440 000
Operating Profit	−11 664 000	−11 566 000	−3 634 000	1 469 000
Financial Income	15 000	3 000	1 000	2 000
Financial Costs	125 000	2 000	1 000	0
Financial Balance	−110 000	1 000	0	2 000
Earnings Before Tax	−11 773 000	−11 565 000	−3 634 000	1 471 000
Tax	0	0	0	0
Net Income	−11 773 000	−11 565 000	−3 634 000	1 471 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 784 000	10 936 000	8 243 000	2 457 000
Total Current Assets	18 001 000	20 670 000	3 608 000	8 870 000
Total Assets	31 785 000	31 605 000	11 851 000	11 327 000
Total Retained Equity	0	−13 727 000	−2 163 000	1 471 000
Total Equity	20 128 000	26 902 000	7 447 000	7 531 000
Total Long-Term Debt	6 400 000	2 400 000	2 388 000	1 250 000
Total Current Debt	5 257 000	2 304 000	2 015 000	2 546 000
Total Equity and Debt	31 785 000	31 605 000	11 851 000	11 327 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 168 000	280 000	239 000	28 000
Other Income	0	0	0	0
Revenue	4 168 000	280 000	239 000	28 000
Cost of Goods Sold	382 000	0	79 000	611 000
Salary Costs	9 720 000	7 856 000	3 007 000	493 000
Depreciation	1 727 000	1 153 000	0	0
Impairment	0	0	0	0
Expenditure	15 831 000	11 845 000	3 873 000	−1 440 000
Operating Profit	−11 664 000	−11 566 000	−3 634 000	1 469 000
Financial Income	15 000	3 000	1 000	2 000
Financial Costs	125 000	2 000	1 000	0
Financial Balance	−110 000	1 000	0	2 000
Dividends	0	0	0	0
Net Income	−11 773 000	−11 565 000	−3 634 000	1 471 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	13 784 000	10 936 000	8 243 000	2 457 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	13 784 000	10 936 000	8 243 000	2 457 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	11 243 000	17 545 000	439 000	5 845 000
Total Current Assets	18 001 000	20 670 000	3 608 000	8 870 000
Total Assets	31 785 000	31 605 000	11 851 000	11 327 000
Total Equity	20 128 000	26 902 000	7 447 000	7 531 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 400 000	2 400 000	2 388 000	1 250 000
Creditors	691 000	781 000	1 563 000	2 415 000
Unpaid Taxes	1 281 000	563 000	58 000	0
Dividends	0	0	0	0
Other Current Debt	3 285 000	959 000	394 000	131 000
Total Current Debt	5 257 000	2 304 000	2 015 000	2 546 000
Total Equity and Debt	31 785 000	31 605 000	11 851 000	11 327 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−58,49 %	−42,99 %	−48,8 %	19,53 %
Debt-to-Equity Ratio	0,32	0,09	0,32	0,17
Operating Profit Margin	−279,85 %	−4 130,71 %	−1 520,5 %	5 246,43 %
Current Ratio	3,42	8,97	1,79	3,48
Quick Ratio	3,42	8,97	1,79	3,48
Equity Ratio	0,63	0,85	0,63	0,66
Gross Profit Margin	90,83 %	100 %	66,95 %	−2 082,14 %