VARGO2 AS

4016 STAVANGER

Finances

Share Ownership

Return on Equity

55,92 %

Current Ratio

5,85

Debt-to-Equity Ratio

10,74

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 834 000	1 344 000	808 000	5 000
Net Income	855 000	618 000	31 000	0
Total Assets	18 428 000	16 180 000	15 533 000	10 590 000
Total Equity	1 529 000	674 000	56 000	25 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 834 000	1 344 000	808 000	5 000
Expenditure	1 655 000	111 000	631 000	4 000
Operating Profit	1 179 000	1 232 000	177 000	1 000
Financial Income	0	−2 000	0	0
Financial Costs	83 000	438 000	138 000	0
Financial Balance	−83 000	−440 000	−138 000	0
Earnings Before Tax	1 096 000	793 000	39 000	1 000
Tax	241 000	175 000	9 000	0
Net Income	855 000	618 000	31 000	0

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	15 333 000	15 322 000	15 316 000	10 560 000
Total Current Assets	3 095 000	858 000	217 000	30 000
Total Assets	18 428 000	16 180 000	15 533 000	10 590 000
Total Retained Equity	1 504 000	649 000	31 000	0
Total Equity	1 529 000	674 000	56 000	25 000
Total Long-Term Debt	16 418 000	14 800 000	14 937 000	10 561 000
Total Current Debt	529 000	706 000	540 000	5 000
Total Equity and Debt	18 476 000	16 180 000	15 533 000	10 590 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 051 000	487 000	653 000	0
Other Income	1 783 000	857 000	155 000	5 000
Revenue	2 834 000	1 344 000	808 000	5 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 655 000	111 000	631 000	4 000
Operating Profit	1 179 000	1 232 000	177 000	1 000
Financial Income	0	−2 000	0	0
Financial Costs	83 000	438 000	138 000	0
Financial Balance	−83 000	−440 000	−138 000	0
Dividends	0	0	0	0
Net Income	855 000	618 000	31 000	0

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	15 333 000	15 333 000	15 333 000	10 560 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	15 333 000	15 333 000	15 333 000	10 560 000
Total Fiancial Fixed Assets	0	−11 000	−17 000	0
Total Fixed Assets	15 333 000	15 322 000	15 316 000	10 560 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	48 000	7 000	82 000	30 000
Total Current Assets	3 095 000	858 000	217 000	30 000
Total Assets	18 428 000	16 180 000	15 533 000	10 590 000
Total Equity	1 529 000	674 000	56 000	25 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	16 418 000	14 800 000	14 937 000	10 561 000
Creditors	264 000	492 000	492 000	4 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	39 000	40 000	40 000	0
Total Current Debt	529 000	706 000	540 000	5 000
Total Equity and Debt	18 476 000	16 180 000	15 533 000	10 590 000

Financial indicators	2022	2021	2020	2019
Return on Equity	55,92 %	91,69 %	55,36 %	0 %
Debt-to-Equity Ratio	10,74	21,96	266,73	422,44
Operating Profit Margin	41,6 %	91,67 %	21,91 %	20 %
Current Ratio	5,85	1,22	0,4	6
Quick Ratio	5,85	1,22	0,4	6
Equity Ratio	0,08	0,04	0	0
Gross Profit Margin	100 %	100 %	100 %	100 %