VARJO TECHNOLOGIES NORWAY AS

0484 OSLO

Finances

Share Ownership

Return on Equity

−448,71 %

Current Ratio

7,53

Debt-to-Equity Ratio

4,63

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 778 000	13 385 000	3 129 000	3 582 000
Net Income	−5 214 000	−3 722 000	−2 943 000	−3 907 000
Total Assets	7 447 000	15 681 000	19 801 000	10 211 000
Total Equity	1 162 000	6 697 000	10 419 000	5 363 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 778 000	13 385 000	3 129 000	3 582 000
Expenditure	17 610 000	16 837 000	5 838 000	7 340 000
Operating Profit	−4 832 000	−3 452 000	−2 710 000	−3 759 000
Financial Income	7 000	1 000	14 000	9 000
Financial Costs	389 000	271 000	247 000	157 000
Financial Balance	−382 000	−270 000	−233 000	−148 000
Earnings Before Tax	−5 214 000	−3 722 000	−2 943 000	−3 907 000
Tax	0	0	0	0
Net Income	−5 214 000	−3 722 000	−2 943 000	−3 907 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	599 000	8 894 000	11 565 000	6 328 000
Total Current Assets	6 848 000	6 787 000	8 237 000	3 883 000
Total Assets	7 447 000	15 681 000	19 801 000	10 211 000
Total Retained Equity	−25 818 000	−20 282 000	−16 560 000	−13 617 000
Total Equity	1 162 000	6 697 000	10 419 000	5 363 000
Total Long-Term Debt	5 375 000	6 125 000	6 500 000	2 500 000
Total Current Debt	910 000	2 859 000	2 882 000	2 348 000
Total Equity and Debt	7 447 000	15 681 000	19 801 000	10 211 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 778 000	10 560 000	55 000	2 045 000
Other Income	0	2 825 000	3 074 000	1 537 000
Revenue	12 778 000	13 385 000	3 129 000	3 582 000
Cost of Goods Sold	0	31 000	132 000	1 181 000
Salary Costs	6 331 000	9 420 000	768 000	743 000
Depreciation	8 295 000	2 889 000	1 592 000	1 570 000
Impairment	0	0	0	0
Expenditure	17 610 000	16 837 000	5 838 000	7 340 000
Operating Profit	−4 832 000	−3 452 000	−2 710 000	−3 759 000
Financial Income	7 000	1 000	14 000	9 000
Financial Costs	389 000	271 000	247 000	157 000
Financial Balance	−382 000	−270 000	−233 000	−148 000
Dividends	0	0	0	0
Net Income	−5 214 000	−3 722 000	−2 943 000	−3 907 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	8 142 000	10 887 000	5 672 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	155 000	308 000	234 000	213 000
Total Tangible Assets	155 000	308 000	234 000	213 000
Total Fiancial Fixed Assets	444 000	444 000	444 000	442 000
Total Fixed Assets	599 000	8 894 000	11 565 000	6 328 000
Stock	0	12 000	40 000	0
Total Investments	0	0	0	0
Cash, Bank	3 669 000	3 799 000	5 993 000	1 407 000
Total Current Assets	6 848 000	6 787 000	8 237 000	3 883 000
Total Assets	7 447 000	15 681 000	19 801 000	10 211 000
Total Equity	1 162 000	6 697 000	10 419 000	5 363 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 375 000	6 125 000	6 500 000	2 500 000
Creditors	27 000	240 000	385 000	422 000
Unpaid Taxes	291 000	1 003 000	600 000	471 000
Dividends	0	0	0	0
Other Current Debt	593 000	1 616 000	1 897 000	1 455 000
Total Current Debt	910 000	2 859 000	2 882 000	2 348 000
Total Equity and Debt	7 447 000	15 681 000	19 801 000	10 211 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−448,71 %	−55,58 %	−28,25 %	−72,85 %
Debt-to-Equity Ratio	4,63	0,91	0,62	0,47
Operating Profit Margin	−37,81 %	−25,79 %	−86,61 %	−104,94 %
Current Ratio	7,53	2,37	2,86	1,65
Quick Ratio	7,53	2,38	2,9	1,65
Equity Ratio	0,16	0,43	0,53	0,53
Gross Profit Margin	100 %	99,77 %	95,78 %	67,03 %