VARG AS

2033 ÅSGREINA

Finances

Return on Equity

29,61 %

Current Ratio

1,72

Debt-to-Equity Ratio

0,82

Key figures (NOK)	2022	2021	2020	2019
Revenue	551 739 000	386 147 000	401 963 000	386 576 000
Net Income	63 290 000	56 634 000	13 671 000	14 272 000
Total Assets	488 691 000	351 793 000	325 716 000	283 837 000
Total Equity	213 759 000	150 846 000	109 941 000	97 934 000

Income (NOK)	2022	2021	2020	2019
Revenue	551 739 000	386 147 000	401 963 000	386 576 000
Expenditure	480 748 000	327 515 000	383 482 000	361 901 000
Operating Profit	70 991 000	58 631 000	18 481 000	24 674 000
Financial Income	2 224 000	3 074 000	364 000	359 000
Financial Costs	3 776 000	4 761 000	5 021 000	5 446 000
Financial Balance	−1 552 000	−1 687 000	−4 657 000	−5 087 000
Earnings Before Tax	69 439 000	56 943 000	13 824 000	19 587 000
Tax	6 149 000	309 000	153 000	5 315 000
Net Income	63 290 000	56 634 000	13 671 000	14 272 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	318 115 000	248 664 000	214 874 000	178 112 000
Total Current Assets	170 576 000	103 128 000	110 842 000	105 725 000
Total Assets	488 691 000	351 793 000	325 716 000	283 837 000
Total Retained Equity	202 911 000	139 998 000	99 093 000	87 087 000
Total Equity	213 759 000	150 846 000	109 941 000	97 934 000
Total Long-Term Debt	175 607 000	135 159 000	151 228 000	121 210 000
Total Current Debt	99 326 000	65 788 000	64 547 000	64 693 000
Total Equity and Debt	488 691 000	351 793 000	325 716 000	283 837 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	500 003 000	323 504 000	385 995 000	375 169 000
Other Income	51 736 000	62 643 000	15 968 000	11 406 000
Revenue	551 739 000	386 147 000	401 963 000	386 576 000
Cost of Goods Sold	192 585 000	113 764 000	197 576 000	174 986 000
Salary Costs	160 444 000	126 077 000	123 036 000	115 076 000
Depreciation	38 874 000	33 532 000	26 001 000	23 411 000
Impairment	0	0	0	0
Expenditure	480 748 000	327 515 000	383 482 000	361 901 000
Operating Profit	70 991 000	58 631 000	18 481 000	24 674 000
Financial Income	2 224 000	3 074 000	364 000	359 000
Financial Costs	3 776 000	4 761 000	5 021 000	5 446 000
Financial Balance	−1 552 000	−1 687 000	−4 657 000	−5 087 000
Dividends	3 000 000	1 000 000	0	0
Net Income	63 290 000	56 634 000	13 671 000	14 272 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	3 809 000	0	0	0
Total Intangible Assets	5 659 000	1 750 000	400 000	200 000
Real Eastate	86 157 000	62 925 000	39 390 000	30 208 000
Machinery and Plant Facilities	188 024 000	164 957 000	140 431 000	123 117 000
Fixtures	29 249 000	11 920 000	12 247 000	6 714 000
Total Tangible Assets	303 431 000	239 803 000	192 067 000	160 039 000
Total Fiancial Fixed Assets	9 025 000	7 112 000	22 406 000	17 873 000
Total Fixed Assets	318 115 000	248 664 000	214 874 000	178 112 000
Stock	1 040 000	1 020 000	690 000	1 420 000
Total Investments	0	0	0	0
Cash, Bank	28 924 000	26 152 000	26 125 000	16 483 000
Total Current Assets	170 576 000	103 128 000	110 842 000	105 725 000
Total Assets	488 691 000	351 793 000	325 716 000	283 837 000
Total Equity	213 759 000	150 846 000	109 941 000	97 934 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	175 607 000	135 159 000	151 228 000	121 210 000
Creditors	31 067 000	30 155 000	29 437 000	30 336 000
Unpaid Taxes	14 249 000	11 199 000	11 196 000	14 396 000
Dividends	3 000 000	1 000 000	0	0
Other Current Debt	31 545 000	23 433 000	22 587 000	18 961 000
Total Current Debt	99 326 000	65 788 000	64 547 000	64 693 000
Total Equity and Debt	488 691 000	351 793 000	325 716 000	283 837 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,61 %	37,54 %	12,43 %	14,57 %
Debt-to-Equity Ratio	0,82	0,9	1,38	1,24
Operating Profit Margin	12,87 %	15,18 %	4,6 %	6,38 %
Current Ratio	1,72	1,57	1,72	1,63
Quick Ratio	1,74	1,59	1,74	1,67
Equity Ratio	0,44	0,43	0,34	0,35
Gross Profit Margin	65,09 %	70,54 %	50,85 %	54,73 %