VARG GRUPPEN AS

6065 ULSTEINVIK

Finances

Share Ownership

Return on Equity

137,5 %

Current Ratio

0,6

Debt-to-Equity Ratio

−0,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	223 000	359 000	426 000	407 000
Net Income	−33 000	−34 000	17 000	4 000
Total Assets	135 000	148 000	83 000	45 000
Total Equity	−24 000	10 000	44 000	27 000

Income (NOK)	2022	2021	2020	2019
Revenue	223 000	359 000	426 000	407 000
Expenditure	253 000	391 000	400 000	391 000
Operating Profit	−30 000	−32 000	27 000	16 000
Financial Income	0	0	0	0
Financial Costs	3 000	3 000	5 000	11 000
Financial Balance	−3 000	−3 000	−5 000	−11 000
Earnings Before Tax	−33 000	−34 000	22 000	5 000
Tax	0	0	5 000	1 000
Net Income	−33 000	−34 000	17 000	4 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	45 000	59 000	39 000	0
Total Current Assets	90 000	90 000	44 000	45 000
Total Assets	135 000	148 000	83 000	45 000
Total Retained Equity	−54 000	−20 000	19 000	2 000
Total Equity	−24 000	10 000	44 000	27 000
Total Long-Term Debt	8 000	27 000	0	0
Total Current Debt	151 000	112 000	39 000	18 000
Total Equity and Debt	135 000	148 000	83 000	45 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	223 000	358 000	390 000	393 000
Other Income	0	1 000	36 000	14 000
Revenue	223 000	359 000	426 000	407 000
Cost of Goods Sold	0	31 000	31 000	28 000
Salary Costs	0	0	79 000	76 000
Depreciation	13 000	13 000	3 000	0
Impairment	0	0	0	0
Expenditure	253 000	391 000	400 000	391 000
Operating Profit	−30 000	−32 000	27 000	16 000
Financial Income	0	0	0	0
Financial Costs	3 000	3 000	5 000	11 000
Financial Balance	−3 000	−3 000	−5 000	−11 000
Dividends	0	0	0	0
Net Income	−33 000	−34 000	17 000	4 000

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	45 000	59 000	39 000	0
Total Tangible Assets	45 000	59 000	39 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	45 000	59 000	39 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	11 000	11 000	−12 000	−11 000
Total Current Assets	90 000	90 000	44 000	45 000
Total Assets	135 000	148 000	83 000	45 000
Total Equity	−24 000	10 000	44 000	27 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 000	27 000	0	0
Creditors	7 000	7 000	7 000	5 000
Unpaid Taxes	4 000	4 000	−6 000	2 000
Dividends	0	0	0	0
Other Current Debt	36 000	36 000	34 000	11 000
Total Current Debt	151 000	112 000	39 000	18 000
Total Equity and Debt	135 000	148 000	83 000	45 000

Financial indicators	2022	2021	2020	2019
Return on Equity	137,5 %	−340 %	38,64 %	14,81 %
Debt-to-Equity Ratio	−0,33	2,7	0	0
Operating Profit Margin	−13,45 %	−8,91 %	6,34 %	3,93 %
Current Ratio	0,6	0,8	1,13	2,5
Quick Ratio	0,6	0,8	1,13	2,5
Equity Ratio	−0,18	0,07	0,53	0,6
Gross Profit Margin	100 %	91,36 %	92,72 %	93,12 %