VAAR AS

0174 OSLO

Finances

Share Ownership

Return on Equity

2,9 %

Current Ratio

2,05

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 980 000	9 569 000	7 933 000	7 163 000
Net Income	51 000	991 000	482 000	712 000
Total Assets	3 176 000	3 343 000	2 423 000	2 118 000
Total Equity	1 757 000	1 707 000	1 016 000	834 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 980 000	9 569 000	7 933 000	7 163 000
Expenditure	9 916 000	8 296 000	7 314 000	6 241 000
Operating Profit	65 000	1 273 000	620 000	922 000
Financial Income	0	0	0	1 000
Financial Costs	0	2 000	2 000	5 000
Financial Balance	0	−2 000	−2 000	−4 000
Earnings Before Tax	65 000	1 270 000	618 000	918 000
Tax	14 000	279 000	136 000	206 000
Net Income	51 000	991 000	482 000	712 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	273 000	406 000	543 000	690 000
Total Current Assets	2 903 000	2 937 000	1 880 000	1 427 000
Total Assets	3 176 000	3 343 000	2 423 000	2 118 000
Total Retained Equity	1 727 000	1 677 000	986 000	804 000
Total Equity	1 757 000	1 707 000	1 016 000	834 000
Total Long-Term Debt	0	0	1 000	8 000
Total Current Debt	1 419 000	1 636 000	1 406 000	1 276 000
Total Equity and Debt	3 176 000	3 343 000	2 423 000	2 118 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 950 000	9 569 000	7 866 000	7 163 000
Other Income	30 000	−1 000	67 000	0
Revenue	9 980 000	9 569 000	7 933 000	7 163 000
Cost of Goods Sold	1 867 000	908 000	805 000	555 000
Salary Costs	6 373 000	5 846 000	4 729 000	3 991 000
Depreciation	148 000	148 000	148 000	148 000
Impairment	0	0	0	0
Expenditure	9 916 000	8 296 000	7 314 000	6 241 000
Operating Profit	65 000	1 273 000	620 000	922 000
Financial Income	0	0	0	1 000
Financial Costs	0	2 000	2 000	5 000
Financial Balance	0	−2 000	−2 000	−4 000
Dividends	0	0	300 000	0
Net Income	51 000	991 000	482 000	712 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	26 000	11 000	0	0
Real Eastate	0	0	530 000	673 000
Machinery and Plant Facilities	245 000	388 000	0	0
Fixtures	3 000	8 000	13 000	17 000
Total Tangible Assets	248 000	395 000	543 000	690 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	273 000	406 000	543 000	690 000
Stock	439 000	554 000	281 000	421 000
Total Investments	0	0	0	0
Cash, Bank	2 386 000	2 307 000	1 579 000	997 000
Total Current Assets	2 903 000	2 937 000	1 880 000	1 427 000
Total Assets	3 176 000	3 343 000	2 423 000	2 118 000
Total Equity	1 757 000	1 707 000	1 016 000	834 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 000	8 000
Creditors	122 000	83 000	86 000	155 000
Unpaid Taxes	682 000	768 000	732 000	552 000
Dividends	0	0	300 000	0
Other Current Debt	586 000	494 000	445 000	359 000
Total Current Debt	1 419 000	1 636 000	1 406 000	1 276 000
Total Equity and Debt	3 176 000	3 343 000	2 423 000	2 118 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,9 %	58,06 %	47,44 %	85,37 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	0,65 %	13,3 %	7,82 %	12,87 %
Current Ratio	2,05	1,8	1,34	1,12
Quick Ratio	2,96	2,71	1,67	1,67
Equity Ratio	0,55	0,51	0,42	0,39
Gross Profit Margin	81,29 %	90,51 %	89,85 %	92,25 %