VARSI INVEST AS

5097 BERGEN

Finances

Return on Equity

89,81 %

Current Ratio

2,21

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	530 000	0	101 000
Net Income	370 000	−53 000	76 000
Total Assets	699 000	220 000	192 000
Total Equity	412 000	42 000	95 000

Income (NOK)	2022	2021	2020
Revenue	530 000	0	101 000
Expenditure	69 000	50 000	5 000
Operating Profit	461 000	−50 000	96 000
Financial Income	0	0	0
Financial Costs	0	2 000	0
Financial Balance	0	−2 000	0
Earnings Before Tax	461 000	−53 000	96 000
Tax	91 000	0	21 000
Net Income	370 000	−53 000	76 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	71 000	71 000	61 000
Total Current Assets	628 000	149 000	131 000
Total Assets	699 000	220 000	192 000
Total Retained Equity	393 000	23 000	76 000
Total Equity	412 000	42 000	95 000
Total Long-Term Debt	2 000	0	0
Total Current Debt	284 000	178 000	97 000
Total Equity and Debt	699 000	220 000	192 000

Cash flow (NOK)	2022	2021	2020
Sales Income	530 000	0	101 000
Other Income	0	0	0
Revenue	530 000	0	101 000
Cost of Goods Sold	15 000	0	0
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	69 000	50 000	5 000
Operating Profit	461 000	−50 000	96 000
Financial Income	0	0	0
Financial Costs	0	2 000	0
Financial Balance	0	−2 000	0
Dividends	0	0	0
Net Income	370 000	−53 000	76 000

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	71 000	71 000	61 000
Total Fixed Assets	71 000	71 000	61 000
Stock	3 000	10 000	0
Total Investments	0	0	0
Cash, Bank	52 000	139 000	5 000
Total Current Assets	628 000	149 000	131 000
Total Assets	699 000	220 000	192 000
Total Equity	412 000	42 000	95 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 000	0	0
Creditors	16 000	4 000	4 000
Unpaid Taxes	0	−1 000	23 000
Dividends	0	0	0
Other Current Debt	180 000	175 000	50 000
Total Current Debt	284 000	178 000	97 000
Total Equity and Debt	699 000	220 000	192 000

Financial indicators	2022	2021	2020
Return on Equity	89,81 %	−126,19 %	80 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	86,98 %	-	95,05 %
Current Ratio	2,21	0,84	1,35
Quick Ratio	2,23	0,89	1,35
Equity Ratio	0,59	0,19	0,49
Gross Profit Margin	97,17 %	-	100 %