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For the fiscal year ended 31 December 2021, Verne Inc revenues decreased 10% to W9.09B. Net loss increased 90% to W3.57B. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Commission Paid increase of 96% to W491.3M (expense), Salaries & Wages increase of 25% to W498.5M (expense), Rental Expense increase from W24.2M to W57.4M (expense).
Period Ending: | Dec 31, 2021 | Dec 31, 2020 |
---|---|---|
Total Revenue | 9088.62 | 10090.82 |
Gross Profit | -696.59 | 70.46 |
Operating Income | -2957.16 | -1944.5 |
Net Income | -3573.08 | -1883.16 |
Period Ending: | Dec 31, 2021 | Dec 31, 2020 |
---|---|---|
Total Assets | 5670.02 | 6862.69 |
Total Liabilities | 4175.29 | 5704.27 |
Total Equity | 1494.73 | 1158.42 |
Period Ending: | Dec 31, 2021 | Dec 31, 2020 |
---|---|---|
Period Length: | 12 Months | 12 Months |
Cash From Operating Activities | -2929.97 | -1893.51 |
Cash From Investing Activities | -1612.17 | -279.62 |
Cash From Financing Activities | 4401.6 | 2329.61 |
Net Change in Cash | -140.54 | 156.48 |
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