VARAS AS

5137 MJØLKERÅEN

Finances

Return on Equity

18,47 %

Current Ratio

1,39

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 759 000	6 497 000	5 029 000	4 628 000
Net Income	140 000	−181 000	625 000	197 000
Total Assets	2 476 000	2 926 000	2 079 000	1 359 000
Total Equity	758 000	1 019 000	800 000	350 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 759 000	6 497 000	5 029 000	4 628 000
Expenditure	7 595 000	6 670 000	4 205 000	4 243 000
Operating Profit	164 000	−173 000	824 000	256 000
Financial Income	10 000	4 000	5 000	6 000
Financial Costs	21 000	13 000	16 000	15 000
Financial Balance	−11 000	−9 000	−11 000	−9 000
Earnings Before Tax	153 000	−181 000	814 000	247 000
Tax	14 000	0	189 000	50 000
Net Income	140 000	−181 000	625 000	197 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	90 000	172 000	244 000	339 000
Total Current Assets	2 387 000	2 754 000	1 834 000	1 020 000
Total Assets	2 476 000	2 926 000	2 079 000	1 359 000
Total Retained Equity	608 000	479 000	660 000	210 000
Total Equity	758 000	1 019 000	800 000	350 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 718 000	1 907 000	1 279 000	1 010 000
Total Equity and Debt	2 476 000	2 926 000	2 079 000	1 359 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 759 000	6 497 000	5 006 000	4 563 000
Other Income	0	0	22 000	65 000
Revenue	7 759 000	6 497 000	5 029 000	4 628 000
Cost of Goods Sold	938 000	1 038 000	816 000	808 000
Salary Costs	4 926 000	3 767 000	2 173 000	2 155 000
Depreciation	82 000	93 000	113 000	90 000
Impairment	0	0	0	0
Expenditure	7 595 000	6 670 000	4 205 000	4 243 000
Operating Profit	164 000	−173 000	824 000	256 000
Financial Income	10 000	4 000	5 000	6 000
Financial Costs	21 000	13 000	16 000	15 000
Financial Balance	−11 000	−9 000	−11 000	−9 000
Dividends	0	0	175 000	0
Net Income	140 000	−181 000	625 000	197 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	43 000	80 000	117 000	154 000
Total Intangible Assets	43 000	80 000	117 000	154 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	47 000	92 000	71 000	113 000
Total Tangible Assets	47 000	92 000	71 000	113 000
Total Fiancial Fixed Assets	0	0	56 000	72 000
Total Fixed Assets	90 000	172 000	244 000	339 000
Stock	242 000	119 000	119 000	113 000
Total Investments	0	0	0	0
Cash, Bank	1 220 000	1 639 000	1 087 000	557 000
Total Current Assets	2 387 000	2 754 000	1 834 000	1 020 000
Total Assets	2 476 000	2 926 000	2 079 000	1 359 000
Total Equity	758 000	1 019 000	800 000	350 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	140 000	282 000	156 000	226 000
Unpaid Taxes	516 000	534 000	470 000	337 000
Dividends	0	0	175 000	0
Other Current Debt	1 048 000	1 091 000	251 000	244 000
Total Current Debt	1 718 000	1 907 000	1 279 000	1 010 000
Total Equity and Debt	2 476 000	2 926 000	2 079 000	1 359 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,47 %	−17,76 %	78,13 %	56,29 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,11 %	−2,66 %	16,38 %	5,53 %
Current Ratio	1,39	1,44	1,43	1,01
Quick Ratio	1,62	1,54	1,58	1,14
Equity Ratio	0,31	0,35	0,38	0,26
Gross Profit Margin	87,91 %	84,02 %	83,77 %	82,54 %