VARG STUDIOS AS

0186 OSLO

Finances

Share Ownership

Return on Equity

35,26 %

Current Ratio

2,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 336 000	2 919 000	1 459 000	1 172 000
Net Income	390 000	246 000	236 000	−79 000
Total Assets	1 902 000	1 243 000	768 000	549 000
Total Equity	1 106 000	717 000	470 000	234 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 336 000	2 919 000	1 459 000	1 172 000
Expenditure	2 871 000	2 568 000	1 196 000	1 250 000
Operating Profit	466 000	351 000	263 000	−79 000
Financial Income	1 000	0	0	0
Financial Costs	8 000	1 000	0	0
Financial Balance	−7 000	−1 000	0	0
Earnings Before Tax	458 000	350 000	263 000	−79 000
Tax	69 000	104 000	27 000	0
Net Income	390 000	246 000	236 000	−79 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	126 000	118 000	36 000	0
Total Current Assets	1 776 000	1 125 000	731 000	549 000
Total Assets	1 902 000	1 243 000	768 000	549 000
Total Retained Equity	1 076 000	687 000	440 000	204 000
Total Equity	1 106 000	717 000	470 000	234 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	796 000	526 000	298 000	316 000
Total Equity and Debt	1 902 000	1 243 000	768 000	549 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 336 000	2 919 000	1 459 000	1 172 000
Other Income	0	0	0	0
Revenue	3 336 000	2 919 000	1 459 000	1 172 000
Cost of Goods Sold	702 000	807 000	142 000	120 000
Salary Costs	1 666 000	1 198 000	828 000	808 000
Depreciation	71 000	38 000	16 000	0
Impairment	0	0	0	0
Expenditure	2 871 000	2 568 000	1 196 000	1 250 000
Operating Profit	466 000	351 000	263 000	−79 000
Financial Income	1 000	0	0	0
Financial Costs	8 000	1 000	0	0
Financial Balance	−7 000	−1 000	0	0
Dividends	0	0	0	0
Net Income	390 000	246 000	236 000	−79 000

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	126 000	118 000	36 000	0
Total Tangible Assets	126 000	118 000	36 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	126 000	118 000	36 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 671 000	841 000	243 000	161 000
Total Current Assets	1 776 000	1 125 000	731 000	549 000
Total Assets	1 902 000	1 243 000	768 000	549 000
Total Equity	1 106 000	717 000	470 000	234 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	171 000	83 000	5 000	61 000
Unpaid Taxes	388 000	214 000	185 000	181 000
Dividends	0	0	0	0
Other Current Debt	136 000	126 000	81 000	73 000
Total Current Debt	796 000	526 000	298 000	316 000
Total Equity and Debt	1 902 000	1 243 000	768 000	549 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,26 %	34,31 %	50,21 %	−33,76 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,97 %	12,02 %	18,03 %	−6,74 %
Current Ratio	2,23	2,14	2,45	1,74
Quick Ratio	2,23	2,14	2,45	1,74
Equity Ratio	0,58	0,58	0,61	0,43
Gross Profit Margin	78,96 %	72,35 %	90,27 %	89,76 %