VELVÆRE AS

3475 SÆTRE

Finances

Share Ownership

Return on Equity

55,29 %

Current Ratio

1,37

Debt-to-Equity Ratio

0,91

Key figures (NOK)	2022	2021	2020
Revenue	13 016 000	3 921 000	819 000
Net Income	298 000	230 000	38 000
Total Assets	1 967 000	749 000	245 000
Total Equity	539 000	304 000	74 000

Income (NOK)	2022	2021	2020
Revenue	13 016 000	3 921 000	819 000
Expenditure	12 603 000	3 621 000	770 000
Operating Profit	414 000	300 000	48 000
Financial Income	0	0	0
Financial Costs	32 000	5 000	0
Financial Balance	−32 000	−5 000	0
Earnings Before Tax	381 000	295 000	48 000
Tax	84 000	65 000	11 000
Net Income	298 000	230 000	38 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	681 000	0	0
Total Current Assets	1 287 000	749 000	245 000
Total Assets	1 967 000	749 000	245 000
Total Retained Equity	503 000	268 000	38 000
Total Equity	539 000	304 000	74 000
Total Long-Term Debt	492 000	0	0
Total Current Debt	937 000	445 000	172 000
Total Equity and Debt	1 967 000	749 000	245 000

Cash flow (NOK)	2022	2021	2020
Sales Income	13 016 000	3 921 000	819 000
Other Income	0	0	0
Revenue	13 016 000	3 921 000	819 000
Cost of Goods Sold	3 873 000	889 000	173 000
Salary Costs	546 000	284 000	38 000
Depreciation	6 000	0	0
Impairment	0	0	0
Expenditure	12 603 000	3 621 000	770 000
Operating Profit	414 000	300 000	48 000
Financial Income	0	0	0
Financial Costs	32 000	5 000	0
Financial Balance	−32 000	−5 000	0
Dividends	0	0	0
Net Income	298 000	230 000	38 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	681 000	0	0
Fixtures	0	0	0
Total Tangible Assets	681 000	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	681 000	0	0
Stock	33 000	228 000	33 000
Total Investments	284 000	50 000	0
Cash, Bank	955 000	466 000	213 000
Total Current Assets	1 287 000	749 000	245 000
Total Assets	1 967 000	749 000	245 000
Total Equity	539 000	304 000	74 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	492 000	0	0
Creditors	14 000	0	2 000
Unpaid Taxes	632 000	311 000	113 000
Dividends	0	0	0
Other Current Debt	207 000	69 000	46 000
Total Current Debt	937 000	445 000	172 000
Total Equity and Debt	1 967 000	749 000	245 000

Financial indicators	2022	2021	2020
Return on Equity	55,29 %	75,66 %	51,35 %
Debt-to-Equity Ratio	0,91	0	0
Operating Profit Margin	3,18 %	7,65 %	5,86 %
Current Ratio	1,37	1,68	1,42
Quick Ratio	1,42	3,45	1,76
Equity Ratio	0,27	0,41	0,3
Gross Profit Margin	70,24 %	77,33 %	78,88 %