VARANGIAN CAPITAL PARTNERS AS

1397 NESØYA

Finances

Share Ownership

Return on Equity

11,27 %

Current Ratio

0,27

Debt-to-Equity Ratio

−1,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	500 000	65 000	201 000	97 000
Net Income	−72 000	−63 000	−191 000	−1 289 000
Total Assets	332 000	329 000	316 000	436 000
Total Equity	−639 000	−567 000	−504 000	−313 000

Income (NOK)	2022	2021	2020	2019
Revenue	500 000	65 000	201 000	97 000
Expenditure	572 000	128 000	392 000	748 000
Operating Profit	−72 000	−63 000	−192 000	−651 000
Financial Income	0	0	0	0
Financial Costs	0	0	−1 000	7 000
Financial Balance	0	0	1 000	−7 000
Earnings Before Tax	−72 000	−63 000	−191 000	−658 000
Tax	0	0	0	631 000
Net Income	−72 000	−63 000	−191 000	−1 289 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	291 000	291 000	291 000	404 000
Total Current Assets	41 000	38 000	26 000	32 000
Total Assets	332 000	329 000	316 000	436 000
Total Retained Equity	−670 000	−598 000	−535 000	−344 000
Total Equity	−639 000	−567 000	−504 000	−313 000
Total Long-Term Debt	820 000	820 000	820 000	732 000
Total Current Debt	150 000	75 000	0	17 000
Total Equity and Debt	332 000	329 000	316 000	436 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	500 000	65 000	201 000	97 000
Other Income	0	0	0	0
Revenue	500 000	65 000	201 000	97 000
Cost of Goods Sold	313 000	0	0	0
Salary Costs	219 000	0	6 000	−16 000
Depreciation	0	0	15 000	62 000
Impairment	0	0	0	0
Expenditure	572 000	128 000	392 000	748 000
Operating Profit	−72 000	−63 000	−192 000	−651 000
Financial Income	0	0	0	0
Financial Costs	0	0	−1 000	7 000
Financial Balance	0	0	1 000	−7 000
Dividends	0	0	0	0
Net Income	−72 000	−63 000	−191 000	−1 289 000

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	113 000
Total Tangible Assets	0	0	0	113 000
Total Fiancial Fixed Assets	291 000	291 000	291 000	291 000
Total Fixed Assets	291 000	291 000	291 000	404 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	41 000	37 000	23 000	11 000
Total Current Assets	41 000	38 000	26 000	32 000
Total Assets	332 000	329 000	316 000	436 000
Total Equity	−639 000	−567 000	−504 000	−313 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	820 000	820 000	820 000	732 000
Creditors	0	0	0	0
Unpaid Taxes	115 000	0	0	8 000
Dividends	0	0	0	0
Other Current Debt	35 000	75 000	0	8 000
Total Current Debt	150 000	75 000	0	17 000
Total Equity and Debt	332 000	329 000	316 000	436 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,27 %	11,11 %	37,9 %	411,82 %
Debt-to-Equity Ratio	−1,28	−1,45	−1,63	−2,34
Operating Profit Margin	−14,4 %	−96,92 %	−95,52 %	−671,13 %
Current Ratio	0,27	0,51	-	1,88
Quick Ratio	0,27	0,51	-	1,88
Equity Ratio	−1,92	−1,72	−1,59	−0,72
Gross Profit Margin	37,4 %	100 %	100 %	100 %