VARNES CHARTERING AS

4400 FLEKKEFJORD

Finances

Share Ownership

Return on Equity

196,37 %

Current Ratio

0,86

Debt-to-Equity Ratio

3,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 976 000	8 529 000	4 512 000	900 000
Net Income	1 679 000	2 144 000	1 026 000	206 000
Total Assets	6 022 000	7 177 000	5 725 000	509 000
Total Equity	855 000	676 000	602 000	236 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 976 000	8 529 000	4 512 000	900 000
Expenditure	5 669 000	5 560 000	3 115 000	635 000
Operating Profit	2 306 000	2 970 000	1 398 000	265 000
Financial Income	91 000	26 000	29 000	0
Financial Costs	216 000	227 000	106 000	2 000
Financial Balance	−125 000	−201 000	−77 000	−2 000
Earnings Before Tax	2 181 000	2 768 000	1 321 000	264 000
Tax	502 000	624 000	296 000	58 000
Net Income	1 679 000	2 144 000	1 026 000	206 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 033 000	4 039 000	4 012 000	0
Total Current Assets	1 989 000	3 138 000	1 713 000	509 000
Total Assets	6 022 000	7 177 000	5 725 000	509 000
Total Retained Equity	825 000	646 000	572 000	206 000
Total Equity	855 000	676 000	602 000	236 000
Total Long-Term Debt	2 849 000	3 502 000	3 653 000	0
Total Current Debt	2 318 000	2 999 000	1 470 000	273 000
Total Equity and Debt	6 022 000	7 177 000	5 725 000	509 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 976 000	8 529 000	4 512 000	900 000
Other Income	0	0	0	0
Revenue	7 976 000	8 529 000	4 512 000	900 000
Cost of Goods Sold	131 000	376 000	130 000	40 000
Salary Costs	4 244 000	4 128 000	2 412 000	391 000
Depreciation	6 000	5 000	0	0
Impairment	0	0	0	0
Expenditure	5 669 000	5 560 000	3 115 000	635 000
Operating Profit	2 306 000	2 970 000	1 398 000	265 000
Financial Income	91 000	26 000	29 000	0
Financial Costs	216 000	227 000	106 000	2 000
Financial Balance	−125 000	−201 000	−77 000	−2 000
Dividends	1 000 000	1 500 000	600 000	0
Net Income	1 679 000	2 144 000	1 026 000	206 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 012 000	4 012 000	4 012 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	21 000	27 000	0	0
Total Tangible Assets	4 033 000	4 039 000	4 012 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 033 000	4 039 000	4 012 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 345 000	1 694 000	340 000	73 000
Total Current Assets	1 989 000	3 138 000	1 713 000	509 000
Total Assets	6 022 000	7 177 000	5 725 000	509 000
Total Equity	855 000	676 000	602 000	236 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 849 000	3 502 000	3 653 000	0
Creditors	64 000	51 000	44 000	11 000
Unpaid Taxes	379 000	459 000	313 000	112 000
Dividends	1 000 000	1 500 000	600 000	0
Other Current Debt	373 000	365 000	217 000	92 000
Total Current Debt	2 318 000	2 999 000	1 470 000	273 000
Total Equity and Debt	6 022 000	7 177 000	5 725 000	509 000

Financial indicators	2022	2021	2020	2019
Return on Equity	196,37 %	317,16 %	170,43 %	87,29 %
Debt-to-Equity Ratio	3,33	5,18	6,07	0
Operating Profit Margin	28,91 %	34,82 %	30,98 %	29,44 %
Current Ratio	0,86	1,05	1,17	1,86
Quick Ratio	0,86	1,05	1,17	1,86
Equity Ratio	0,14	0,09	0,11	0,46
Gross Profit Margin	98,36 %	95,59 %	97,12 %	95,56 %