VARG MANAGEMENT AS

3718 SKIEN

Finances

Return on Equity

1,32 %

Current Ratio

3,61

Debt-to-Equity Ratio

−1,88

Key figures (NOK)	2022	2021	2020	2019
Revenue	899 000	107 000	17 000	103 000
Net Income	−119 000	−2 638 000	−6 730 000	−1 528 000
Total Assets	8 280 000	7 636 000	12 398 000	20 958 000
Total Equity	−9 038 000	−8 919 000	−6 282 000	449 000

Income (NOK)	2022	2021	2020	2019
Revenue	899 000	107 000	17 000	103 000
Expenditure	1 043 000	2 773 000	6 747 000	1 256 000
Operating Profit	−144 000	−2 667 000	−6 730 000	−1 153 000
Financial Income	25 000	29 000	0	1 000
Financial Costs	0	0	0	376 000
Financial Balance	25 000	29 000	0	−375 000
Earnings Before Tax	−119 000	−2 638 000	−6 730 000	−1 528 000
Tax	0	0	0	0
Net Income	−119 000	−2 638 000	−6 730 000	−1 528 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 993 000	7 039 000	11 478 000	20 504 000
Total Current Assets	1 286 000	598 000	920 000	454 000
Total Assets	8 280 000	7 636 000	12 398 000	20 958 000
Total Retained Equity	−9 068 000	−8 949 000	−6 312 000	419 000
Total Equity	−9 038 000	−8 919 000	−6 282 000	449 000
Total Long-Term Debt	16 962 000	16 462 000	18 562 000	20 262 000
Total Current Debt	356 000	94 000	117 000	247 000
Total Equity and Debt	8 280 000	7 636 000	12 398 000	20 958 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	899 000	107 000	17 000	103 000
Other Income	0	0	0	0
Revenue	899 000	107 000	17 000	103 000
Cost of Goods Sold	0	0	0	0
Salary Costs	921 000	471 000	627 000	1 067 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 043 000	2 773 000	6 747 000	1 256 000
Operating Profit	−144 000	−2 667 000	−6 730 000	−1 153 000
Financial Income	25 000	29 000	0	1 000
Financial Costs	0	0	0	376 000
Financial Balance	25 000	29 000	0	−375 000
Dividends	0	0	0	0
Net Income	−119 000	−2 638 000	−6 730 000	−1 528 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	6 993 000	7 039 000	11 478 000	20 504 000
Total Fixed Assets	6 993 000	7 039 000	11 478 000	20 504 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	470 000	456 000	782 000	97 000
Total Current Assets	1 286 000	598 000	920 000	454 000
Total Assets	8 280 000	7 636 000	12 398 000	20 958 000
Total Equity	−9 038 000	−8 919 000	−6 282 000	449 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	16 962 000	16 462 000	18 562 000	20 262 000
Creditors	5 000	6 000	5 000	6 000
Unpaid Taxes	244 000	27 000	35 000	83 000
Dividends	0	0	0	0
Other Current Debt	107 000	60 000	78 000	159 000
Total Current Debt	356 000	94 000	117 000	247 000
Total Equity and Debt	8 280 000	7 636 000	12 398 000	20 958 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,32 %	29,58 %	107,13 %	−340,31 %
Debt-to-Equity Ratio	−1,88	−1,85	−2,95	45,13
Operating Profit Margin	−16,02 %	−2 492,52 %	−39 588,24 %	−1 119,42 %
Current Ratio	3,61	6,36	7,86	1,84
Quick Ratio	3,61	6,36	7,86	1,84
Equity Ratio	−1,09	−1,17	−0,51	0,02
Gross Profit Margin	100 %	100 %	100 %	100 %