VARAK AS

4130 HJELMELAND

Finances

Share Ownership

Return on Equity

9,3 %

Current Ratio

509,64

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 400 000	271 000	263 000	266 000
Net Income	1 359 000	2 427 000	1 968 000	1 332 000
Total Assets	14 864 000	14 285 000	12 880 000	12 955 000
Total Equity	14 613 000	14 264 000	12 860 000	12 928 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 400 000	271 000	263 000	266 000
Expenditure	98 000	102 000	109 000	132 000
Operating Profit	1 302 000	168 000	154 000	134 000
Financial Income	343 000	2 500 000	1 993 000	1 198 000
Financial Costs	61 000	242 000	180 000	0
Financial Balance	282 000	2 258 000	1 813 000	1 198 000
Earnings Before Tax	1 584 000	2 427 000	1 968 000	1 332 000
Tax	225 000	0	0	0
Net Income	1 359 000	2 427 000	1 968 000	1 332 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 122 000	6 723 000	6 723 000	6 723 000
Total Current Assets	12 741 000	7 562 000	6 157 000	6 231 000
Total Assets	14 864 000	14 285 000	12 880 000	12 955 000
Total Retained Equity	14 513 000	14 164 000	12 760 000	12 828 000
Total Equity	14 613 000	14 264 000	12 860 000	12 928 000
Total Long-Term Debt	225 000	0	0	0
Total Current Debt	25 000	21 000	19 000	27 000
Total Equity and Debt	14 864 000	14 285 000	12 880 000	12 955 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 400 000	271 000	263 000	266 000
Revenue	1 400 000	271 000	263 000	266 000
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	98 000	102 000	109 000	132 000
Operating Profit	1 302 000	168 000	154 000	134 000
Financial Income	343 000	2 500 000	1 993 000	1 198 000
Financial Costs	61 000	242 000	180 000	0
Financial Balance	282 000	2 258 000	1 813 000	1 198 000
Dividends	0	0	0	0
Net Income	1 359 000	2 427 000	1 968 000	1 332 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 911 000	6 512 000	6 512 000	6 512 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 911 000	6 512 000	6 512 000	6 512 000
Total Fiancial Fixed Assets	212 000	212 000	212 000	212 000
Total Fixed Assets	2 122 000	6 723 000	6 723 000	6 723 000
Stock	0	0	0	0
Total Investments	12 195 000	4 918 000	4 209 000	2 882 000
Cash, Bank	546 000	2 644 000	1 947 000	3 349 000
Total Current Assets	12 741 000	7 562 000	6 157 000	6 231 000
Total Assets	14 864 000	14 285 000	12 880 000	12 955 000
Total Equity	14 613 000	14 264 000	12 860 000	12 928 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	225 000	0	0	0
Creditors	1 000	2 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	24 000	19 000	19 000	27 000
Total Current Debt	25 000	21 000	19 000	27 000
Total Equity and Debt	14 864 000	14 285 000	12 880 000	12 955 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,3 %	17,01 %	15,3 %	10,3 %
Debt-to-Equity Ratio	0,02	0	0	0
Operating Profit Margin	93 %	61,99 %	58,56 %	50,38 %
Current Ratio	509,64	360,1	324,05	230,78
Quick Ratio	509,64	360,1	324,05	230,78
Equity Ratio	0,98	1	1	1
Gross Profit Margin	100 %	100 %	100 %	100 %