VARG-HOLDING AS

4516 MANDAL

Finances

Share Ownership

Return on Equity

80,78 %

Current Ratio

0,57

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 047 000	295 000	105 000	342 000
Net Income	290 000	−13 000	−291 000	69 000
Total Assets	1 562 000	987 000	984 000	1 646 000
Total Equity	359 000	70 000	82 000	373 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 047 000	295 000	105 000	342 000
Expenditure	672 000	94 000	432 000	242 000
Operating Profit	376 000	201 000	−327 000	100 000
Financial Income	0	0	0	23 000
Financial Costs	4 000	36 000	46 000	41 000
Financial Balance	−4 000	−36 000	−46 000	−18 000
Earnings Before Tax	371 000	165 000	−373 000	82 000
Tax	82 000	178 000	−82 000	13 000
Net Income	290 000	−13 000	−291 000	69 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	890 000	784 000	961 000	1 626 000
Total Current Assets	672 000	203 000	24 000	20 000
Total Assets	1 562 000	987 000	984 000	1 646 000
Total Retained Equity	−241 000	−530 000	−518 000	−227 000
Total Equity	359 000	70 000	82 000	373 000
Total Long-Term Debt	14 000	861 000	882 000	926 000
Total Current Debt	1 188 000	57 000	20 000	347 000
Total Equity and Debt	1 562 000	987 000	984 000	1 646 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 047 000	204 000	0	196 000
Other Income	0	91 000	105 000	145 000
Revenue	1 047 000	295 000	105 000	342 000
Cost of Goods Sold	23 000	0	0	85 000
Salary Costs	420 000	0	0	0
Depreciation	19 000	0	0	0
Impairment	0	0	0	0
Expenditure	672 000	94 000	432 000	242 000
Operating Profit	376 000	201 000	−327 000	100 000
Financial Income	0	0	0	23 000
Financial Costs	4 000	36 000	46 000	41 000
Financial Balance	−4 000	−36 000	−46 000	−18 000
Dividends	0	0	0	0
Net Income	290 000	−13 000	−291 000	69 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	177 000	95 000
Real Eastate	747 000	747 000	747 000	1 494 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	106 000	0	0	0
Total Tangible Assets	853 000	747 000	747 000	1 494 000
Total Fiancial Fixed Assets	37 000	37 000	37 000	37 000
Total Fixed Assets	890 000	784 000	961 000	1 626 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	532 000	152 000	9 000	5 000
Total Current Assets	672 000	203 000	24 000	20 000
Total Assets	1 562 000	987 000	984 000	1 646 000
Total Equity	359 000	70 000	82 000	373 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	14 000	861 000	882 000	926 000
Creditors	6 000	4 000	0	0
Unpaid Taxes	271 000	52 000	5 000	29 000
Dividends	0	0	0	0
Other Current Debt	845 000	0	15 000	305 000
Total Current Debt	1 188 000	57 000	20 000	347 000
Total Equity and Debt	1 562 000	987 000	984 000	1 646 000

Financial indicators	2022	2021	2020	2019
Return on Equity	80,78 %	−18,57 %	−354,88 %	18,5 %
Debt-to-Equity Ratio	0,04	12,3	10,76	2,48
Operating Profit Margin	35,91 %	68,14 %	−311,43 %	29,24 %
Current Ratio	0,57	3,56	1,2	0,06
Quick Ratio	0,57	3,56	1,2	0,06
Equity Ratio	0,23	0,07	0,08	0,23
Gross Profit Margin	97,8 %	100 %	100 %	75,15 %