Vår Energi ASA Logo

Vår Energi ASA

ISIN: NO0011202772 | Ticker: VAR | LEI: 549300LIVN3FFOJN2K47
Sector: EnergySub-Industry: Oil & Gas Drilling
Country: Norway

About Vår Energi ASA

Company Description

Vår Energi is a next generation oil and gas operator.

- Leading pure-play independent on the attractive NCS
- 50+ years of successful NCS operations
- Diverse and robust portfolio positioned for value-adding growth
- Committed to deliver a better future

Mission
Our core business is to maximize value through safe and responsible exploration, development and production of hydrocarbons, as a leading operator and partner of choice.

Year founded

1965

Served area

Europe

Headquarters

Vestre Svanholmen 1, 4313 Sandnes – Norway

Financial statements

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Line item in (usd) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Assets N/A 20,259,680,000.00 19,799,056,000.00 18,797,288,000.00
Noncurrent Assets N/A 18,773,295,000.00 18,326,409,000.00 17,077,268,000.00
Property Plant And Equipment N/A 15,593,975,000.00 15,188,917,000.00 14,562,237,000.00
Goodwill N/A 2,820,840,000.00 2,531,897,000.00 2,019,512,000.00
Intangible Exploration And Evaluation Assets N/A 113,327,000.00 199,981,000.00 225,287,000.00
Other Intangible Assets N/A 107,732,000.00 104,520,000.00 93,515,000.00
Noncurrent Investments Other Than Investments Accounted For Using Equity Method N/A 881,000.00 853,000.00 763,000.00
Other Noncurrent Assets N/A 2,694,000.00 1,809,000.00 532,000.00
Current Assets N/A 1,486,385,000.00 1,472,647,000.00 1,720,020,000.00
Inventories N/A 283,199,000.00 301,329,000.00 265,811,000.00
Current Trade Receivables N/A 165,984,000.00 745,921,000.00 796,317,000.00
Current Tax Assets Current N/A 522,854,000.00 0.00 N/A
Cash and cash equivalents 203,969,000.00 272,411,000.00 223,588,000.00 444,607,000.00
Equity And Liabilities N/A 20,259,680,000.00 19,799,056,000.00 18,797,288,000.00
Equity N/A 1,866,556,000.00 1,515,828,000.00 1,481,571,000.00
Issued Capital N/A 45,972,000.00 45,972,000.00 45,972,000.00
Share Premium N/A 3,593,181,000.00 2,643,181,000.00 1,868,181,000.00
Liabilities N/A 18,404,803,000.00 18,283,228,000.00 17,315,718,000.00
Noncurrent Liabilities N/A 17,466,952,000.00 16,061,820,000.00 14,006,564,000.00
Deferred Tax Liabilities N/A 7,342,952,000.00 7,953,676,000.00 8,127,971,000.00
Other Noncurrent Liabilities N/A 156,865,000.00 162,870,000.00 156,544,000.00
Longterm Borrowings N/A 5,583,552,000.00 4,493,426,000.00 2,452,589,000.00
Current Liabilities N/A 937,851,000.00 2,221,408,000.00 3,309,154,000.00
Trade And Other Current Payables To Trade Suppliers N/A 252,801,000.00 422,155,000.00 368,589,000.00
Current Tax Liabilities Current N/A 16,505,000.00 801,432,000.00 1,778,222,000.00
Other Current Liabilities N/A 601,197,000.00 494,256,000.00 503,019,000.00
Line item in (usd) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue From Sale Of Petroleum And Petrochemical Products 2,868,635,000.00 6,043,375,000.00 9,780,543,000.00
Other Income 25,205,000.00 29,357,000.00 47,088,000.00
Depreciation And Amortisation Expense 1,706,740,000.00 1,704,561,000.00 1,447,966,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 2,178,108,000.00 982,000.00 657,922,000.00
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss 2,178,108,000.00 982,000.00 657,922,000.00
Other Expense By Nature 176,204,000.00 110,483,000.00 137,721,000.00
Profit Loss From Operating Activities -2,252,901,000.00 3,058,546,000.00 6,368,820,000.00
Profit Loss Before Tax -2,204,004,000.00 2,646,687,000.00 5,855,891,000.00
Income Tax Expense Continuing Operations -577,380,000.00 1,992,331,000.00 4,919,489,000.00
Profit (loss) -1,626,625,000.00 654,356,000.00 936,402,000.00
Line item in (usd) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A -1,626,625,000.00 654,356,000.00 936,402,000.00
Adjustments For Depreciation And Amortisation Expense N/A 1,706,740,000.00 1,704,561,000.00 1,447,966,000.00
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss N/A 2,178,108,000.00 982,000.00 657,922,000.00
Adjustments For Unrealised Foreign Exchange Losses Gains N/A -319,964,000.00 558,940,000.00 81,175,000.00
Other Adjustments For Noncash Items N/A 371,554,000.00 -161,069,000.00 299,499,000.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets N/A -1,043,000.00 -2,232,000.00 31,721,000.00
Interest Paid Classified As Operating Activities N/A 188,638,000.00 141,532,000.00 N/A
Interest Received Classified As Operating Activities N/A 32,224,000.00 13,090,000.00 N/A
Income Taxes Paid Refund Classified As Operating Activities N/A 342,304,000.00 -164,439,000.00 2,686,852,000.00
Cash Flows From Used In Operating Activities N/A 1,743,857,000.00 4,579,902,000.00 5,681,877,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 33,498,000.00 2,208,000.00 0.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 1,771,339,000.00 2,480,298,000.00 2,516,097,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 0.00 295,000.00 0.00
Cash Flows From Used In Investing Activities N/A -1,947,039,000.00 -2,633,140,000.00 -2,663,165,000.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 43,703,000.00 43,790,000.00 110,447,000.00
Dividends Paid Classified As Financing Activities N/A 450,000,000.00 950,000,000.00 775,000,000.00
Interest Paid Classified As Financing Activities N/A N/A 141,532,000.00 160,803,000.00
Cash Flows From Used In Financing Activities N/A 273,297,000.00 -1,976,218,000.00 -2,903,227,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A 70,116,000.00 -29,456,000.00 115,485,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -1,675,000.00 -19,367,000.00 105,534,000.00
Cash and cash equivalents 203,969,000.00 272,411,000.00 223,588,000.00 444,607,000.00

Please note that some sums might not add up.

Filings & Publications

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

NO0011202772

LEI

549300LIVN3FFOJN2K47

Sector

Energy

Industry Group

Energy

Industry

Energy Equipment & Services

Sub-Industry

Oil & Gas Drilling

Listed Stock Exchange

Oslo Børs

Stock Index

OBX

Main Stock Exchange

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