VARRE INVEST AS

1358 JAR

Finances

Return on Equity

−9,44 %

Current Ratio

5,92

Debt-to-Equity Ratio

2,46

Key figures (NOK)	2021	2020	2019	2018
Revenue	13 500 000	3 042 000	3 005 000	4 717 000
Net Income	−333 000	1 814 000	1 064 000	2 233 000
Total Assets	14 599 000	15 089 000	7 884 000	3 727 000
Total Equity	3 526 000	3 859 000	3 666 000	2 602 000

Income (NOK)	2021	2020	2019	2018
Revenue	13 500 000	3 042 000	3 005 000	4 717 000
Expenditure	13 722 000	370 000	545 000	1 649 000
Operating Profit	−223 000	2 673 000	2 459 000	3 069 000
Financial Income	8 000	9 000	0	0
Financial Costs	212 000	353 000	855 000	16 000
Financial Balance	−204 000	−344 000	−855 000	−16 000
Earnings Before Tax	−427 000	2 329 000	1 605 000	3 053 000
Tax	−94 000	515 000	540 000	820 000
Net Income	−333 000	1 814 000	1 064 000	2 233 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	428 000	331 000	2 650 000	1 948 000
Total Current Assets	14 171 000	14 758 000	5 233 000	1 779 000
Total Assets	14 599 000	15 089 000	7 884 000	3 727 000
Total Retained Equity	3 486 000	3 819 000	3 626 000	2 562 000
Total Equity	3 526 000	3 859 000	3 666 000	2 602 000
Total Long-Term Debt	8 678 000	9 692 000	1 388 000	45 000
Total Current Debt	2 395 000	1 537 000	2 830 000	1 080 000
Total Equity and Debt	14 599 000	15 089 000	7 884 000	3 727 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	13 500 000	2 500 000	2 628 000	4 717 000
Other Income	0	542 000	377 000	0
Revenue	13 500 000	3 042 000	3 005 000	4 717 000
Cost of Goods Sold	13 465 000	0	3 000	1 208 000
Salary Costs	0	0	0	0
Depreciation	40 000	177 000	252 000	145 000
Impairment	0	0	0	0
Expenditure	13 722 000	370 000	545 000	1 649 000
Operating Profit	−223 000	2 673 000	2 459 000	3 069 000
Financial Income	8 000	9 000	0	0
Financial Costs	212 000	353 000	855 000	16 000
Financial Balance	−204 000	−344 000	−855 000	−16 000
Dividends	0	1 620 000	0	240 000
Net Income	−333 000	1 814 000	1 064 000	2 233 000

Balance details (NOK)	2021	2020	2019	2018
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	1 169 000
Fixtures	222 000	125 000	166 000	14 000
Total Tangible Assets	222 000	125 000	2 484 000	1 183 000
Total Fiancial Fixed Assets	206 000	206 000	166 000	765 000
Total Fixed Assets	428 000	331 000	2 650 000	1 948 000
Stock	12 873 000	12 888 000	4 791 000	0
Total Investments	0	0	0	0
Cash, Bank	288 000	1 479 000	118 000	1 535 000
Total Current Assets	14 171 000	14 758 000	5 233 000	1 779 000
Total Assets	14 599 000	15 089 000	7 884 000	3 727 000
Total Equity	3 526 000	3 859 000	3 666 000	2 602 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 678 000	9 692 000	1 388 000	45 000
Creditors	2 115 000	0	57 000	20 000
Unpaid Taxes	276 000	332 000	0	0
Dividends	0	1 620 000	0	240 000
Other Current Debt	4 000	733 000	2 000	0
Total Current Debt	2 395 000	1 537 000	2 830 000	1 080 000
Total Equity and Debt	14 599 000	15 089 000	7 884 000	3 727 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−9,44 %	47,01 %	29,02 %	85,82 %
Debt-to-Equity Ratio	2,46	2,51	0,38	0,02
Operating Profit Margin	−1,65 %	87,87 %	81,83 %	65,06 %
Current Ratio	5,92	9,6	1,85	1,65
Quick Ratio	−1,35	−1,3	−2,67	1,65
Equity Ratio	0,24	0,26	0,46	0,7
Gross Profit Margin	0,26 %	100 %	99,9 %	74,39 %