VARG ENGINEERING AS

1387 ASKER

Finances

Return on Equity

19,29 %

Current Ratio

4,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 828 000	1 619 000	1 652 000	1 701 000
Net Income	540 000	377 000	464 000	473 000
Total Assets	3 634 000	3 308 000	3 235 000	2 763 000
Total Equity	2 799 000	2 609 000	2 582 000	2 418 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 828 000	1 619 000	1 652 000	1 701 000
Expenditure	1 092 000	1 091 000	1 100 000	1 088 000
Operating Profit	736 000	529 000	552 000	614 000
Financial Income	14 000	68 000	47 000	9 000
Financial Costs	44 000	101 000	10 000	15 000
Financial Balance	−30 000	−33 000	37 000	−6 000
Earnings Before Tax	706 000	496 000	589 000	608 000
Tax	166 000	118 000	125 000	136 000
Net Income	540 000	377 000	464 000	473 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	3 634 000	3 308 000	3 235 000	2 763 000
Total Assets	3 634 000	3 308 000	3 235 000	2 763 000
Total Retained Equity	2 699 000	2 509 000	2 482 000	2 318 000
Total Equity	2 799 000	2 609 000	2 582 000	2 418 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	835 000	699 000	652 000	345 000
Total Equity and Debt	3 634 000	3 308 000	3 235 000	2 763 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 828 000	1 619 000	1 652 000	1 701 000
Other Income	0	0	0	0
Revenue	1 828 000	1 619 000	1 652 000	1 701 000
Cost of Goods Sold	0	0	0	0
Salary Costs	983 000	982 000	974 000	963 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 092 000	1 091 000	1 100 000	1 088 000
Operating Profit	736 000	529 000	552 000	614 000
Financial Income	14 000	68 000	47 000	9 000
Financial Costs	44 000	101 000	10 000	15 000
Financial Balance	−30 000	−33 000	37 000	−6 000
Dividends	350 000	350 000	300 000	0
Net Income	540 000	377 000	464 000	473 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	34 000	78 000	19 000	17 000
Cash, Bank	3 319 000	3 014 000	2 794 000	2 552 000
Total Current Assets	3 634 000	3 308 000	3 235 000	2 763 000
Total Assets	3 634 000	3 308 000	3 235 000	2 763 000
Total Equity	2 799 000	2 609 000	2 582 000	2 418 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	8 000	3 000	7 000	0
Unpaid Taxes	237 000	152 000	144 000	135 000
Dividends	350 000	350 000	300 000	0
Other Current Debt	75 000	75 000	76 000	74 000
Total Current Debt	835 000	699 000	652 000	345 000
Total Equity and Debt	3 634 000	3 308 000	3 235 000	2 763 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,29 %	14,45 %	17,97 %	19,56 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	40,26 %	32,67 %	33,41 %	36,1 %
Current Ratio	4,35	4,73	4,96	8,01
Quick Ratio	4,35	4,73	4,96	8,01
Equity Ratio	0,77	0,79	0,8	0,88
Gross Profit Margin	100 %	100 %	100 %	100 %