VARY AS

3300 HOKKSUND

Finances

Share Ownership

Return on Equity

16,36 %

Current Ratio

0,2

Debt-to-Equity Ratio

−0,85

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 259 000	841 000	838 000	305 000
Net Income	−582 000	−981 000	−916 000	−901 000
Total Assets	148 000	698 000	1 196 000	510 000
Total Equity	−3 557 000	−2 976 000	−1 995 000	−1 084 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 259 000	841 000	838 000	305 000
Expenditure	1 730 000	1 791 000	1 746 000	1 207 000
Operating Profit	−470 000	−950 000	−908 000	−902 000
Financial Income	2 000	5 000	1 000	0
Financial Costs	114 000	36 000	9 000	0
Financial Balance	−112 000	−31 000	−8 000	0
Earnings Before Tax	−582 000	−981 000	−916 000	−901 000
Tax	0	0	0	0
Net Income	−582 000	−981 000	−916 000	−901 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 000	23 000	36 000	0
Total Current Assets	138 000	675 000	1 160 000	510 000
Total Assets	148 000	698 000	1 196 000	510 000
Total Retained Equity	−4 102 000	−3 520 000	−2 539 000	−1 624 000
Total Equity	−3 557 000	−2 976 000	−1 995 000	−1 084 000
Total Long-Term Debt	3 030 000	3 210 000	2 950 000	1 400 000
Total Current Debt	675 000	464 000	241 000	194 000
Total Equity and Debt	148 000	698 000	1 196 000	510 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 259 000	841 000	838 000	305 000
Other Income	0	0	0	0
Revenue	1 259 000	841 000	838 000	305 000
Cost of Goods Sold	0	0	175 000	205 000
Salary Costs	861 000	1 339 000	951 000	561 000
Depreciation	13 000	13 000	3 000	0
Impairment	0	0	0	0
Expenditure	1 730 000	1 791 000	1 746 000	1 207 000
Operating Profit	−470 000	−950 000	−908 000	−902 000
Financial Income	2 000	5 000	1 000	0
Financial Costs	114 000	36 000	9 000	0
Financial Balance	−112 000	−31 000	−8 000	0
Dividends	0	0	0	0
Net Income	−582 000	−981 000	−916 000	−901 000

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	10 000	23 000	36 000	0
Total Tangible Assets	10 000	23 000	36 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	10 000	23 000	36 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	67 000	68 000	242 000	109 000
Total Current Assets	138 000	675 000	1 160 000	510 000
Total Assets	148 000	698 000	1 196 000	510 000
Total Equity	−3 557 000	−2 976 000	−1 995 000	−1 084 000
Short-Term Group Debt	2 000	0	0	0
Total Long-Term Debt	3 030 000	3 210 000	2 950 000	1 400 000
Creditors	463 000	62 000	21 000	28 000
Unpaid Taxes	33 000	171 000	115 000	91 000
Dividends	0	0	0	0
Other Current Debt	102 000	156 000	105 000	74 000
Total Current Debt	675 000	464 000	241 000	194 000
Total Equity and Debt	148 000	698 000	1 196 000	510 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,36 %	32,96 %	45,91 %	83,12 %
Debt-to-Equity Ratio	−0,85	−1,08	−1,48	−1,29
Operating Profit Margin	−37,33 %	−112,96 %	−108,35 %	−295,74 %
Current Ratio	0,2	1,45	4,81	2,63
Quick Ratio	0,2	1,45	4,81	2,63
Equity Ratio	−24,03	−4,26	−1,67	−2,13
Gross Profit Margin	100 %	100 %	79,12 %	32,79 %