VARNES.BIZ LIMITED

7503 STJØRDAL

Finances

Share Ownership

Return on Equity

19,57 %

Current Ratio

1,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	321 000	140 000	60 000	184 000
Net Income	9 000	0	4 000	2 000
Total Assets	99 000	259 000	383 000	355 000
Total Equity	46 000	36 000	36 000	33 000

Income (NOK)	2022	2021	2020	2019
Revenue	321 000	140 000	60 000	184 000
Expenditure	309 000	140 000	54 000	180 000
Operating Profit	12 000	0	6 000	4 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	1 000
Financial Balance	0	0	−1 000	−1 000
Earnings Before Tax	12 000	0	5 000	3 000
Tax	3 000	0	1 000	1 000
Net Income	9 000	0	4 000	2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	99 000	259 000	383 000	355 000
Total Assets	99 000	259 000	383 000	355 000
Total Retained Equity	45 000	35 000	35 000	32 000
Total Equity	46 000	36 000	36 000	33 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	53 000	223 000	346 000	322 000
Total Equity and Debt	99 000	259 000	383 000	355 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	140 000	60 000	184 000
Other Income	321 000	0	0	0
Revenue	321 000	140 000	60 000	184 000
Cost of Goods Sold	1 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	309 000	140 000	54 000	180 000
Operating Profit	12 000	0	6 000	4 000
Financial Income	0	0	0	0
Financial Costs	0	0	1 000	1 000
Financial Balance	0	0	−1 000	−1 000
Dividends	0	0	0	0
Net Income	9 000	0	4 000	2 000

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	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	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 000	3 000	1 000	5 000
Total Current Assets	99 000	259 000	383 000	355 000
Total Assets	99 000	259 000	383 000	355 000
Total Equity	46 000	36 000	36 000	33 000
Short-Term Group Debt	0	0	107 000	0
Total Long-Term Debt	0	0	0	0
Creditors	0	103 000	225 000	249 000
Unpaid Taxes	1 000	13 000	13 000	9 000
Dividends	0	0	0	0
Other Current Debt	49 000	107 000	0	64 000
Total Current Debt	53 000	223 000	346 000	322 000
Total Equity and Debt	99 000	259 000	383 000	355 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,57 %	0 %	11,11 %	6,06 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,74 %	0 %	10 %	2,17 %
Current Ratio	1,87	1,16	1,11	1,1
Quick Ratio	1,87	1,16	1,11	1,1
Equity Ratio	0,46	0,14	0,09	0,09
Gross Profit Margin	99,69 %	100 %	100 %	100 %