VARIG INDUSTRI AS

0161 OSLO

Finances

Share Ownership

Return on Equity

149,29 %

Current Ratio

1,19

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 200 000	1 200 000	900 000	0
Net Income	209 000	−605 000	523 000	−12 000
Total Assets	306 000	381 000	773 000	13 000
Total Equity	140 000	−69 000	536 000	13 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 200 000	1 200 000	900 000	0
Expenditure	932 000	1 974 000	229 000	16 000
Operating Profit	268 000	−774 000	671 000	−16 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	268 000	−774 000	671 000	−16 000
Tax	59 000	−169 000	148 000	−5 000
Net Income	209 000	−605 000	523 000	−12 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	109 000	168 000	0	5 000
Total Current Assets	197 000	213 000	773 000	8 000
Total Assets	306 000	381 000	773 000	13 000
Total Retained Equity	110 000	−99 000	506 000	−17 000
Total Equity	140 000	−69 000	536 000	13 000
Total Long-Term Debt	0	0	1 000	0
Total Current Debt	166 000	450 000	235 000	0
Total Equity and Debt	306 000	381 000	773 000	13 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 200 000	1 200 000	600 000	0
Other Income	0	0	300 000	0
Revenue	1 200 000	1 200 000	900 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	809 000	1 830 000	202 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	932 000	1 974 000	229 000	16 000
Operating Profit	268 000	−774 000	671 000	−16 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	209 000	−605 000	523 000	−12 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	109 000	168 000	0	5 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	109 000	168 000	0	5 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	192 000	213 000	473 000	8 000
Total Current Assets	197 000	213 000	773 000	8 000
Total Assets	306 000	381 000	773 000	13 000
Total Equity	140 000	−69 000	536 000	13 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000	0
Creditors	5 000	0	3 000	0
Unpaid Taxes	48 000	223 000	59 000	0
Dividends	0	0	0	0
Other Current Debt	113 000	227 000	32 000	0
Total Current Debt	166 000	450 000	235 000	0
Total Equity and Debt	306 000	381 000	773 000	13 000

Financial indicators	2022	2021	2020	2019
Return on Equity	149,29 %	876,81 %	97,57 %	−92,31 %
Debt-to-Equity Ratio	0	−0	0	0
Operating Profit Margin	22,33 %	−64,5 %	74,56 %	-
Current Ratio	1,19	0,47	3,29	-
Quick Ratio	1,19	0,47	3,29	-
Equity Ratio	0,46	−0,18	0,69	1
Gross Profit Margin	100 %	100 %	100 %	-