Below are the financial statements of Var Energi, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Non-current assets | — | — |
| Intangible assets | — | — |
| Goodwill | 2,987.84a | 1,958.48a |
| Capitalised exploration wells | 404.87a | 276.5a |
| Other intangible assets | 241.89a | 83.06a |
| Tangible fixed assets | — | — |
| Property, plant and equipment | 16,737.12a | 15,237.08a |
| Right of use assets | 198.14a | 73.81a |
| Financial assets | — | — |
| Investment in shares | 0.66a | 0.74a |
| Other non-current assets | 30.8a | 0.75a |
| Total non-current assets | 20,601.32a | 17,630.42a |
| Current assets | — | — |
| Inventories | 241.35a | 251.5a |
| Trade receivables | 373.22a | 362.9a |
| Other current receivables and financial assets | 373.39a | 309.47a |
| Cash and cash equivalents | 278.88a | 734.91a |
| Total current assets | 1,266.85a | 1,658.78a |
| Total assets | 21,868.16a | 19,289.2a |
| Equity and liabilities | — | — |
| Equity | — | — |
| Share capital | 45.97a | 45.97a |
| Share premium | 0a | 758.18a |
| Hybrid capital | 799.46a | 799.46a |
| Other equity | -12.92a | 164.41a |
| Total equity | 832.51a | 1,768.03a |
| Non-current liabilities | — | — |
| Interest-bearing loans and borrowings | 5,082.17a | 3,146.58a |
| Deferred tax liabilities | 10,500.94a | 8,943.02a |
| Asset retirement obligations | 3,283.73a | 3,207.67a |
| Pension | 15.46a | 0a |
| Lease liabilities, non-current | 141.45a | 17.66a |
| Other non-current liabilities | 115.05a | 82.15a |
| Total non-current liabilities | 19,138.81a | 15,397.08a |
| Current liabilities | — | — |
| Asset retirement obligations, current | 105.19a | 87.39a |
| Accounts payable | 356.09a | 328.95a |
| Taxes payable | 681.66a | 964.41a |
| Lease liabilities, current | 70.4a | 99.27a |
| Other current liabilities | 683.5a | 644.08a |
| Total current liabilities | 1,896.85a | 2,124.09a |
| Total liabilities | 21,035.66a | 17,521.17a |
| Total equity and liabilities | 21,868.16a | 19,289.2a |
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