VARBAKSKOGEN AS

4013 STAVANGER

Finances

Return on Equity

58,68 %

Current Ratio

N/A

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	81 000	286 000	154 000	60 000
Net Income	1 663 000	1 246 000	−363 000	262 000
Total Assets	2 885 000	7 144 000	8 355 000	7 045 000
Total Equity	2 834 000	1 171 000	−75 000	288 000

Income (NOK)	2022	2021	2020	2019
Revenue	81 000	286 000	154 000	60 000
Expenditure	74 000	109 000	387 000	157 000
Operating Profit	8 000	178 000	−232 000	−97 000
Financial Income	1 682 000	1 160 000	0	440 000
Financial Costs	27 000	92 000	131 000	81 000
Financial Balance	1 655 000	1 068 000	−131 000	359 000
Earnings Before Tax	1 663 000	1 246 000	−363 000	262 000
Tax	0	0	0	0
Net Income	1 663 000	1 246 000	−363 000	262 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 892 000	7 103 000	8 277 000	6 998 000
Total Current Assets	994 000	41 000	77 000	47 000
Total Assets	2 885 000	7 144 000	8 355 000	7 045 000
Total Retained Equity	2 634 000	971 000	−275 000	88 000
Total Equity	2 834 000	1 171 000	−75 000	288 000
Total Long-Term Debt	51 000	5 966 000	8 419 000	6 743 000
Total Current Debt	0	7 000	10 000	13 000
Total Equity and Debt	2 885 000	7 144 000	8 355 000	7 045 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	81 000	286 000	154 000	60 000
Revenue	81 000	286 000	154 000	60 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	1 000	1 000
Depreciation	8 000	8 000	2 000	0
Impairment	0	0	0	0
Expenditure	74 000	109 000	387 000	157 000
Operating Profit	8 000	178 000	−232 000	−97 000
Financial Income	1 682 000	1 160 000	0	440 000
Financial Costs	27 000	92 000	131 000	81 000
Financial Balance	1 655 000	1 068 000	−131 000	359 000
Dividends	0	0	0	0
Net Income	1 663 000	1 246 000	−363 000	262 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	5 224 000	6 404 000	6 404 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	47 000	34 000	29 000	15 000
Total Tangible Assets	47 000	5 258 000	6 433 000	6 419 000
Total Fiancial Fixed Assets	1 845 000	1 845 000	1 845 000	579 000
Total Fixed Assets	1 892 000	7 103 000	8 277 000	6 998 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	983 000	40 000	20 000	24 000
Total Current Assets	994 000	41 000	77 000	47 000
Total Assets	2 885 000	7 144 000	8 355 000	7 045 000
Total Equity	2 834 000	1 171 000	−75 000	288 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	51 000	5 966 000	8 419 000	6 743 000
Creditors	0	0	4 000	4 000
Unpaid Taxes	0	3 000	0	1 000
Dividends	0	0	0	0
Other Current Debt	0	4 000	6 000	8 000
Total Current Debt	0	7 000	10 000	13 000
Total Equity and Debt	2 885 000	7 144 000	8 355 000	7 045 000

Financial indicators	2022	2021	2020	2019
Return on Equity	58,68 %	106,4 %	484 %	90,97 %
Debt-to-Equity Ratio	0,02	5,09	−112,25	23,41
Operating Profit Margin	9,88 %	62,24 %	−150,65 %	−161,67 %
Current Ratio	-	5,86	7,7	3,62
Quick Ratio	-	5,86	7,7	3,62
Equity Ratio	0,98	0,16	−0,01	0,04
Gross Profit Margin	100 %	100 %	100 %	100 %