VARNISH SOFTWARE AS

0484 OSLO

Finances

Share Ownership

Return on Equity

37,03 %

Current Ratio

1,99

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 906 000	23 187 000	21 337 000	14 348 000
Net Income	1 448 000	1 112 000	1 013 000	144 000
Total Assets	6 943 000	6 279 000	4 207 000	7 148 000
Total Equity	3 910 000	2 463 000	1 351 000	338 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 906 000	23 187 000	21 337 000	14 348 000
Expenditure	28 496 000	22 095 000	20 322 000	14 200 000
Operating Profit	1 410 000	1 092 000	1 016 000	148 000
Financial Income	46 000	21 000	9 000	0
Financial Costs	8 000	0	13 000	3 000
Financial Balance	38 000	21 000	−4 000	−3 000
Earnings Before Tax	1 448 000	1 112 000	1 013 000	144 000
Tax	0	0	0	0
Net Income	1 448 000	1 112 000	1 013 000	144 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	910 000	1 090 000	1 097 000	667 000
Total Current Assets	6 033 000	5 188 000	3 110 000	6 480 000
Total Assets	6 943 000	6 279 000	4 207 000	7 148 000
Total Retained Equity	1 946 000	499 000	−6 713 000	−7 726 000
Total Equity	3 910 000	2 463 000	1 351 000	338 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 032 000	3 816 000	2 856 000	6 810 000
Total Equity and Debt	6 943 000	6 279 000	4 207 000	7 148 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	29 906 000	23 187 000	21 337 000	14 348 000
Other Income	0	0	0	0
Revenue	29 906 000	23 187 000	21 337 000	14 348 000
Cost of Goods Sold	10 741 000	6 920 000	7 065 000	4 579 000
Salary Costs	13 825 000	12 707 000	10 876 000	7 843 000
Depreciation	193 000	174 000	53 000	0
Impairment	0	0	0	0
Expenditure	28 496 000	22 095 000	20 322 000	14 200 000
Operating Profit	1 410 000	1 092 000	1 016 000	148 000
Financial Income	46 000	21 000	9 000	0
Financial Costs	8 000	0	13 000	3 000
Financial Balance	38 000	21 000	−4 000	−3 000
Dividends	0	0	0	0
Net Income	1 448 000	1 112 000	1 013 000	144 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	48 000	105 000	162 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	175 000	310 000	268 000	0
Total Tangible Assets	222 000	415 000	430 000	0
Total Fiancial Fixed Assets	688 000	675 000	667 000	667 000
Total Fixed Assets	910 000	1 090 000	1 097 000	667 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 806 000	3 092 000	1 287 000	599 000
Total Current Assets	6 033 000	5 188 000	3 110 000	6 480 000
Total Assets	6 943 000	6 279 000	4 207 000	7 148 000
Total Equity	3 910 000	2 463 000	1 351 000	338 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	96 000	232 000	78 000	282 000
Unpaid Taxes	1 037 000	1 008 000	1 008 000	725 000
Dividends	0	0	0	0
Other Current Debt	1 900 000	2 576 000	1 769 000	5 803 000
Total Current Debt	3 032 000	3 816 000	2 856 000	6 810 000
Total Equity and Debt	6 943 000	6 279 000	4 207 000	7 148 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,03 %	45,15 %	74,98 %	42,6 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,71 %	4,71 %	4,76 %	1,03 %
Current Ratio	1,99	1,36	1,09	0,95
Quick Ratio	1,99	1,36	1,09	0,95
Equity Ratio	0,56	0,39	0,32	0,05
Gross Profit Margin	64,08 %	70,16 %	66,89 %	68,09 %