VIRINCO TECHNOLOGY AS

3045 DRAMMEN

Finances

Share Ownership

Return on Equity

4 953,33 %

Current Ratio

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	19 899 000	10 614 000	964 000
Net Income	1 486 000	1 000	−334 000
Total Assets	6 769 000	3 805 000	2 676 000
Total Equity	30 000	63 000	40 000

Income (NOK)	2022	2021	2020
Revenue	19 899 000	10 614 000	964 000
Expenditure	17 991 000	10 594 000	1 396 000
Operating Profit	1 908 000	19 000	−432 000
Financial Income	123 000	28 000	0
Financial Costs	123 000	45 000	0
Financial Balance	0	−17 000	0
Earnings Before Tax	1 909 000	2 000	−432 000
Tax	422 000	1 000	−98 000
Net Income	1 486 000	1 000	−334 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	49 000	0	0
Total Current Assets	6 720 000	3 805 000	2 676 000
Total Assets	6 769 000	3 805 000	2 676 000
Total Retained Equity	0	1 000	0
Total Equity	30 000	63 000	40 000
Total Long-Term Debt	0	9 000	3 000
Total Current Debt	6 739 000	3 733 000	2 633 000
Total Equity and Debt	6 769 000	3 805 000	2 676 000

Cash flow (NOK)	2022	2021	2020
Sales Income	19 915 000	10 598 000	964 000
Other Income	−16 000	16 000	0
Revenue	19 899 000	10 614 000	964 000
Cost of Goods Sold	6 273 000	1 844 000	779 000
Salary Costs	9 840 000	7 393 000	444 000
Depreciation	3 000	0	0
Impairment	0	0	0
Expenditure	17 991 000	10 594 000	1 396 000
Operating Profit	1 908 000	19 000	−432 000
Financial Income	123 000	28 000	0
Financial Costs	123 000	45 000	0
Financial Balance	0	−17 000	0
Dividends	0	0	0
Net Income	1 486 000	1 000	−334 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	3 000	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	46 000	0	0
Total Tangible Assets	46 000	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	49 000	0	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	2 535 000	1 414 000	1 555 000
Total Current Assets	6 720 000	3 805 000	2 676 000
Total Assets	6 769 000	3 805 000	2 676 000
Total Equity	30 000	63 000	40 000
Short-Term Group Debt	2 768 000	1 809 000	2 402 000
Total Long-Term Debt	0	9 000	3 000
Creditors	903 000	548 000	40 000
Unpaid Taxes	1 317 000	705 000	139 000
Dividends	0	0	0
Other Current Debt	1 752 000	670 000	52 000
Total Current Debt	6 739 000	3 733 000	2 633 000
Total Equity and Debt	6 769 000	3 805 000	2 676 000

Financial indicators	2022	2021	2020
Return on Equity	4 953,33 %	1,59 %	−835 %
Debt-to-Equity Ratio	0	0,14	0,08
Operating Profit Margin	9,59 %	0,18 %	−44,81 %
Current Ratio	1	1,02	1,02
Quick Ratio	1	1,02	1,02
Equity Ratio	0	0,02	0,01
Gross Profit Margin	68,48 %	82,63 %	19,19 %