VARGEN EIENDOM AS

8400 SORTLAND

Finances

Share Ownership

Return on Equity

1,16 %

Current Ratio

6,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	487 000	637 000	628 000	610 000
Net Income	21 000	213 000	53 000	144 000
Total Assets	2 059 000	2 386 000	2 398 000	2 627 000
Total Equity	1 810 000	2 028 000	2 056 000	2 243 000

Income (NOK)	2022	2021	2020	2019
Revenue	487 000	637 000	628 000	610 000
Expenditure	452 000	270 000	566 000	437 000
Operating Profit	35 000	368 000	62 000	173 000
Financial Income	3 000	1 000	5 000	11 000
Financial Costs	8 000	0	0	0
Financial Balance	−5 000	1 000	5 000	11 000
Earnings Before Tax	30 000	369 000	68 000	184 000
Tax	8 000	155 000	15 000	41 000
Net Income	21 000	213 000	53 000	144 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	342 000	575 000	434 000	445 000
Total Current Assets	1 717 000	1 811 000	1 964 000	2 182 000
Total Assets	2 059 000	2 386 000	2 398 000	2 627 000
Total Retained Equity	1 710 000	1 928 000	1 956 000	2 143 000
Total Equity	1 810 000	2 028 000	2 056 000	2 243 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	250 000	357 000	342 000	384 000
Total Equity and Debt	2 059 000	2 386 000	2 398 000	2 627 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 000	0	628 000	610 000
Other Income	469 000	637 000	0	0
Revenue	487 000	637 000	628 000	610 000
Cost of Goods Sold	0	120 000	9 000	0
Salary Costs	77 000	43 000	141 000	133 000
Depreciation	34 000	6 000	6 000	34 000
Impairment	0	0	0	0
Expenditure	452 000	270 000	566 000	437 000
Operating Profit	35 000	368 000	62 000	173 000
Financial Income	3 000	1 000	5 000	11 000
Financial Costs	8 000	0	0	0
Financial Balance	−5 000	1 000	5 000	11 000
Dividends	240 000	240 000	240 000	240 000
Net Income	21 000	213 000	53 000	144 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 000	0	54 000	59 000
Real Eastate	341 000	375 000	380 000	386 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	341 000	375 000	380 000	386 000
Total Fiancial Fixed Assets	0	200 000	0	0
Total Fixed Assets	342 000	575 000	434 000	445 000
Stock	0	0	0	0
Total Investments	391 000	0	0	0
Cash, Bank	1 293 000	1 799 000	1 808 000	2 106 000
Total Current Assets	1 717 000	1 811 000	1 964 000	2 182 000
Total Assets	2 059 000	2 386 000	2 398 000	2 627 000
Total Equity	1 810 000	2 028 000	2 056 000	2 243 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	8 000	−12 000	0	0
Unpaid Taxes	13 000	54 000	31 000	48 000
Dividends	240 000	240 000	240 000	240 000
Other Current Debt	−20 000	0	302 000	295 000
Total Current Debt	250 000	357 000	342 000	384 000
Total Equity and Debt	2 059 000	2 386 000	2 398 000	2 627 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,16 %	10,5 %	2,58 %	6,42 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,19 %	57,77 %	9,87 %	28,36 %
Current Ratio	6,87	5,07	5,74	5,68
Quick Ratio	6,87	5,07	5,74	5,68
Equity Ratio	0,88	0,85	0,86	0,85
Gross Profit Margin	100 %	81,16 %	98,57 %	100 %