VIRINCO GROUP AS

3045 DRAMMEN

Finances

Return on Equity

−200,83 %

Current Ratio

0,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	0	0	0
Net Income	−24 337 000	0	21 403 000
Total Assets	27 246 000	47 940 000	62 301 000
Total Equity	12 118 000	37 431 000	40 222 000

Income (NOK)	2022	2021	2020
Revenue	0	0	0
Expenditure	1 385 000	472 000	108 000
Operating Profit	−1 385 000	−472 000	−108 000
Financial Income	2 486 000	472 000	21 510 000
Financial Costs	25 196 000	0	0
Financial Balance	−22 710 000	472 000	21 510 000
Earnings Before Tax	−24 095 000	0	21 403 000
Tax	242 000	0	0
Net Income	−24 337 000	0	21 403 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	24 100 000	45 138 000	43 617 000
Total Current Assets	3 145 000	2 802 000	18 684 000
Total Assets	27 246 000	47 940 000	62 301 000
Total Retained Equity	0	18 780 000	21 759 000
Total Equity	12 118 000	37 431 000	40 222 000
Total Long-Term Debt	0	0	0
Total Current Debt	15 127 000	10 509 000	22 078 000
Total Equity and Debt	27 246 000	47 940 000	62 301 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	0	0	0
Revenue	0	0	0
Cost of Goods Sold	0	0	0
Salary Costs	673 000	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	1 385 000	472 000	108 000
Operating Profit	−1 385 000	−472 000	−108 000
Financial Income	2 486 000	472 000	21 510 000
Financial Costs	25 196 000	0	0
Financial Balance	−22 710 000	472 000	21 510 000
Dividends	0	0	0
Net Income	−24 337 000	0	21 403 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	24 100 000	45 138 000	43 617 000
Total Fixed Assets	24 100 000	45 138 000	43 617 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	189 000	746 000	97 000
Total Current Assets	3 145 000	2 802 000	18 684 000
Total Assets	27 246 000	47 940 000	62 301 000
Total Equity	12 118 000	37 431 000	40 222 000
Short-Term Group Debt	14 435 000	10 480 000	22 024 000
Total Long-Term Debt	0	0	0
Creditors	17 000	28 000	5 000
Unpaid Taxes	11 000	0	0
Dividends	0	0	0
Other Current Debt	422 000	0	49 000
Total Current Debt	15 127 000	10 509 000	22 078 000
Total Equity and Debt	27 246 000	47 940 000	62 301 000

Financial indicators	2022	2021	2020
Return on Equity	−200,83 %	0 %	53,21 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	-	-	-
Current Ratio	0,21	0,27	0,85
Quick Ratio	0,21	0,27	0,85
Equity Ratio	0,44	0,78	0,65
Gross Profit Margin	-	-	-