VARIG EIGEDOM AS

5730 ULVIK

Finances

Return on Equity

46,65 %

Current Ratio

2,33

Debt-to-Equity Ratio

1,83

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 484 000	2 484 000	2 795 000	2 732 000
Net Income	1 984 000	411 000	1 272 000	1 101 000
Total Assets	12 800 000	12 559 000	11 607 000	11 628 000
Total Equity	4 253 000	2 268 000	2 658 000	1 386 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 484 000	2 484 000	2 795 000	2 732 000
Expenditure	2 609 000	1 554 000	990 000	1 212 000
Operating Profit	2 875 000	930 000	1 805 000	1 520 000
Financial Income	250 000	289 000	60 000	124 000
Financial Costs	652 000	775 000	384 000	543 000
Financial Balance	−402 000	−486 000	−324 000	−419 000
Earnings Before Tax	2 473 000	444 000	1 481 000	1 101 000
Tax	488 000	33 000	209 000	0
Net Income	1 984 000	411 000	1 272 000	1 101 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 048 000	10 622 000	10 594 000	10 433 000
Total Current Assets	1 752 000	1 937 000	1 014 000	1 195 000
Total Assets	12 800 000	12 559 000	11 607 000	11 628 000
Total Retained Equity	4 053 000	2 068 000	2 458 000	1 186 000
Total Equity	4 253 000	2 268 000	2 658 000	1 386 000
Total Long-Term Debt	7 795 000	10 008 000	8 590 000	10 009 000
Total Current Debt	752 000	282 000	360 000	233 000
Total Equity and Debt	12 800 000	12 559 000	11 607 000	11 628 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 392 000	2 079 000	2 066 000	2 148 000
Other Income	3 093 000	405 000	729 000	584 000
Revenue	5 484 000	2 484 000	2 795 000	2 732 000
Cost of Goods Sold	1 345 000	12 000	0	0
Salary Costs	251 000	683 000	321 000	179 000
Depreciation	44 000	38 000	86 000	76 000
Impairment	0	0	0	0
Expenditure	2 609 000	1 554 000	990 000	1 212 000
Operating Profit	2 875 000	930 000	1 805 000	1 520 000
Financial Income	250 000	289 000	60 000	124 000
Financial Costs	652 000	775 000	384 000	543 000
Financial Balance	−402 000	−486 000	−324 000	−419 000
Dividends	0	0	0	0
Net Income	1 984 000	411 000	1 272 000	1 101 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	10 718 000	10 306 000	10 344 000	10 382 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	14 000	0	0	51 000
Total Tangible Assets	10 732 000	10 306 000	10 344 000	10 433 000
Total Fiancial Fixed Assets	316 000	316 000	250 000	0
Total Fixed Assets	11 048 000	10 622 000	10 594 000	10 433 000
Stock	0	0	0	0
Total Investments	72 000	118 000	209 000	0
Cash, Bank	1 619 000	1 809 000	604 000	849 000
Total Current Assets	1 752 000	1 937 000	1 014 000	1 195 000
Total Assets	12 800 000	12 559 000	11 607 000	11 628 000
Total Equity	4 253 000	2 268 000	2 658 000	1 386 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 795 000	10 008 000	8 590 000	10 009 000
Creditors	181 000	148 000	101 000	162 000
Unpaid Taxes	13 000	36 000	24 000	35 000
Dividends	0	0	0	0
Other Current Debt	70 000	32 000	26 000	36 000
Total Current Debt	752 000	282 000	360 000	233 000
Total Equity and Debt	12 800 000	12 559 000	11 607 000	11 628 000

Financial indicators	2022	2021	2020	2019
Return on Equity	46,65 %	18,12 %	47,86 %	79,44 %
Debt-to-Equity Ratio	1,83	4,41	3,23	7,22
Operating Profit Margin	52,43 %	37,44 %	64,58 %	55,64 %
Current Ratio	2,33	6,87	2,82	5,13
Quick Ratio	2,33	6,87	2,82	5,13
Equity Ratio	0,33	0,18	0,23	0,12
Gross Profit Margin	75,47 %	99,52 %	100 %	100 %