VARP AS

6002 ÅLESUND

Finances

Share Ownership

Return on Equity

24,34 %

Current Ratio

2,25

Debt-to-Equity Ratio

0,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 874 000	16 472 000	13 474 000	9 139 000
Net Income	998 000	1 610 000	868 000	141 000
Total Assets	11 011 000	9 136 000	5 327 000	4 401 000
Total Equity	4 100 000	3 102 000	1 793 000	1 075 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 874 000	16 472 000	13 474 000	9 139 000
Expenditure	15 475 000	14 350 000	12 307 000	8 909 000
Operating Profit	1 400 000	2 122 000	1 167 000	231 000
Financial Income	0	0	0	1 000
Financial Costs	121 000	59 000	55 000	51 000
Financial Balance	−121 000	−59 000	−55 000	−50 000
Earnings Before Tax	1 279 000	2 064 000	1 112 000	181 000
Tax	281 000	454 000	245 000	40 000
Net Income	998 000	1 610 000	868 000	141 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	508 000	1 351 000	169 000	248 000
Total Current Assets	10 503 000	7 785 000	5 158 000	4 153 000
Total Assets	11 011 000	9 136 000	5 327 000	4 401 000
Total Retained Equity	4 070 000	3 072 000	1 763 000	1 045 000
Total Equity	4 100 000	3 102 000	1 793 000	1 075 000
Total Long-Term Debt	2 247 000	1 623 000	450 000	650 000
Total Current Debt	4 663 000	4 411 000	3 085 000	2 676 000
Total Equity and Debt	11 011 000	9 136 000	5 327 000	4 401 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 772 000	16 472 000	13 474 000	9 139 000
Other Income	101 000	0	0	0
Revenue	16 874 000	16 472 000	13 474 000	9 139 000
Cost of Goods Sold	9 677 000	9 823 000	9 107 000	5 779 000
Salary Costs	3 623 000	2 679 000	1 864 000	2 147 000
Depreciation	99 000	76 000	76 000	76 000
Impairment	0	0	0	0
Expenditure	15 475 000	14 350 000	12 307 000	8 909 000
Operating Profit	1 400 000	2 122 000	1 167 000	231 000
Financial Income	0	0	0	1 000
Financial Costs	121 000	59 000	55 000	51 000
Financial Balance	−121 000	−59 000	−55 000	−50 000
Dividends	0	300 000	150 000	0
Net Income	998 000	1 610 000	868 000	141 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	14 000	6 000	9 000
Real Eastate	0	1 231 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	300 000	106 000	163 000	238 000
Total Tangible Assets	300 000	1 337 000	163 000	238 000
Total Fiancial Fixed Assets	208 000	0	0	0
Total Fixed Assets	508 000	1 351 000	169 000	248 000
Stock	7 053 000	6 333 000	3 442 000	3 147 000
Total Investments	0	0	0	0
Cash, Bank	2 907 000	1 135 000	1 662 000	809 000
Total Current Assets	10 503 000	7 785 000	5 158 000	4 153 000
Total Assets	11 011 000	9 136 000	5 327 000	4 401 000
Total Equity	4 100 000	3 102 000	1 793 000	1 075 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 247 000	1 623 000	450 000	650 000
Creditors	2 811 000	3 088 000	1 570 000	1 668 000
Unpaid Taxes	765 000	192 000	539 000	460 000
Dividends	0	300 000	150 000	0
Other Current Debt	821 000	369 000	584 000	495 000
Total Current Debt	4 663 000	4 411 000	3 085 000	2 676 000
Total Equity and Debt	11 011 000	9 136 000	5 327 000	4 401 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,34 %	51,9 %	48,41 %	13,12 %
Debt-to-Equity Ratio	0,55	0,52	0,25	0,6
Operating Profit Margin	8,3 %	12,88 %	8,66 %	2,53 %
Current Ratio	2,25	1,76	1,67	1,55
Quick Ratio	−4,39	−4,05	−14,45	−8,82
Equity Ratio	0,37	0,34	0,34	0,24
Gross Profit Margin	42,65 %	40,37 %	32,41 %	36,77 %