VARGAS AS

2256 GRUE FINNSKOG

Finances

Return on Equity

1,97 %

Current Ratio

5,14

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 168 000	4 522 000	3 070 000	1 730 000
Net Income	261 000	4 859 000	5 693 000	854 000
Total Assets	16 384 000	15 934 000	10 407 000	4 957 000
Total Equity	13 227 000	12 966 000	8 107 000	2 414 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 168 000	4 522 000	3 070 000	1 730 000
Expenditure	765 000	963 000	1 154 000	793 000
Operating Profit	403 000	3 559 000	1 915 000	937 000
Financial Income	0	2 150 000	4 200 000	0
Financial Costs	60 000	71 000	108 000	83 000
Financial Balance	−60 000	2 079 000	4 092 000	−83 000
Earnings Before Tax	343 000	5 638 000	6 007 000	854 000
Tax	82 000	778 000	314 000	0
Net Income	261 000	4 859 000	5 693 000	854 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 119 000	4 192 000	3 954 000	4 655 000
Total Current Assets	12 265 000	11 741 000	6 453 000	302 000
Total Assets	16 384 000	15 934 000	10 407 000	4 957 000
Total Retained Equity	12 827 000	12 566 000	7 707 000	2 014 000
Total Equity	13 227 000	12 966 000	8 107 000	2 414 000
Total Long-Term Debt	769 000	1 392 000	1 976 000	2 504 000
Total Current Debt	2 388 000	1 575 000	324 000	39 000
Total Equity and Debt	16 384 000	15 934 000	10 407 000	4 957 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 143 000	2 687 000	2 904 000	533 000
Other Income	25 000	1 835 000	166 000	1 197 000
Revenue	1 168 000	4 522 000	3 070 000	1 730 000
Cost of Goods Sold	0	0	65 000	0
Salary Costs	0	0	0	0
Depreciation	407 000	407 000	521 000	411 000
Impairment	0	0	0	0
Expenditure	765 000	963 000	1 154 000	793 000
Operating Profit	403 000	3 559 000	1 915 000	937 000
Financial Income	0	2 150 000	4 200 000	0
Financial Costs	60 000	71 000	108 000	83 000
Financial Balance	−60 000	2 079 000	4 092 000	−83 000
Dividends	0	0	0	0
Net Income	261 000	4 859 000	5 693 000	854 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	91 000	358 000	361 000	363 000
Machinery and Plant Facilities	0	0	0	750 000
Fixtures	2 074 000	2 599 000	2 489 000	2 537 000
Total Tangible Assets	2 165 000	2 957 000	2 849 000	3 650 000
Total Fiancial Fixed Assets	1 954 000	1 235 000	1 105 000	1 005 000
Total Fixed Assets	4 119 000	4 192 000	3 954 000	4 655 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	6 950 000	3 369 000	628 000	51 000
Total Current Assets	12 265 000	11 741 000	6 453 000	302 000
Total Assets	16 384 000	15 934 000	10 407 000	4 957 000
Total Equity	13 227 000	12 966 000	8 107 000	2 414 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	769 000	1 392 000	1 976 000	2 504 000
Creditors	1 077 000	932 000	3 000	13 000
Unpaid Taxes	13 000	178 000	276 000	26 000
Dividends	0	0	0	0
Other Current Debt	1 298 000	0	3 000	0
Total Current Debt	2 388 000	1 575 000	324 000	39 000
Total Equity and Debt	16 384 000	15 934 000	10 407 000	4 957 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,97 %	37,47 %	70,22 %	35,38 %
Debt-to-Equity Ratio	0,06	0,11	0,24	1,04
Operating Profit Margin	34,5 %	78,7 %	62,38 %	54,16 %
Current Ratio	5,14	7,45	19,92	7,74
Quick Ratio	5,14	7,45	19,92	7,74
Equity Ratio	0,81	0,81	0,78	0,49
Gross Profit Margin	100 %	100 %	97,88 %	100 %