VELSVIK MASKIN AS

6133 LAUVSTAD

Finances

Share Ownership

Return on Equity

149,65 %

Current Ratio

1,41

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 436 000	1 102 000	447 000	254 000
Net Income	859 000	−186 000	−21 000	−247 000
Total Assets	890 000	724 000	301 000	336 000
Total Equity	574 000	−285 000	−100 000	−79 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 436 000	1 102 000	447 000	254 000
Expenditure	458 000	1 281 000	453 000	489 000
Operating Profit	978 000	−178 000	−7 000	−235 000
Financial Income	0	0	0	0
Financial Costs	4 000	7 000	14 000	12 000
Financial Balance	−4 000	−7 000	−14 000	−12 000
Earnings Before Tax	974 000	−186 000	−21 000	−247 000
Tax	115 000	0	0	0
Net Income	859 000	−186 000	−21 000	−247 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	443 000	256 000	241 000	251 000
Total Current Assets	447 000	468 000	60 000	85 000
Total Assets	890 000	724 000	301 000	336 000
Total Retained Equity	−41 000	−900 000	−715 000	−694 000
Total Equity	574 000	−285 000	−100 000	−79 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	316 000	1 010 000	400 000	415 000
Total Equity and Debt	890 000	724 000	301 000	336 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 436 000	1 102 000	447 000	254 000
Other Income	0	0	0	0
Revenue	1 436 000	1 102 000	447 000	254 000
Cost of Goods Sold	0	0	21 000	−5 000
Salary Costs	85 000	890 000	67 000	204 000
Depreciation	42 000	31 000	27 000	40 000
Impairment	0	0	0	0
Expenditure	458 000	1 281 000	453 000	489 000
Operating Profit	978 000	−178 000	−7 000	−235 000
Financial Income	0	0	0	0
Financial Costs	4 000	7 000	14 000	12 000
Financial Balance	−4 000	−7 000	−14 000	−12 000
Dividends	0	0	0	0
Net Income	859 000	−186 000	−21 000	−247 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	39 000	154 000	154 000	154 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	48 000	65 000	28 000	17 000
Fixtures	356 000	37 000	59 000	81 000
Total Tangible Assets	404 000	102 000	87 000	97 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	443 000	256 000	241 000	251 000
Stock	57 000	57 000	57 000	65 000
Total Investments	0	0	0	0
Cash, Bank	39 000	348 000	0	0
Total Current Assets	447 000	468 000	60 000	85 000
Total Assets	890 000	724 000	301 000	336 000
Total Equity	574 000	−285 000	−100 000	−79 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	68 000	40 000	55 000	81 000
Unpaid Taxes	44 000	641 000	57 000	70 000
Dividends	0	0	0	0
Other Current Debt	204 000	329 000	245 000	172 000
Total Current Debt	316 000	1 010 000	400 000	415 000
Total Equity and Debt	890 000	724 000	301 000	336 000

Financial indicators	2022	2021	2020	2019
Return on Equity	149,65 %	65,26 %	21 %	312,66 %
Debt-to-Equity Ratio	0	−0	−0	−0
Operating Profit Margin	68,11 %	−16,15 %	−1,57 %	−92,52 %
Current Ratio	1,41	0,46	0,15	0,2
Quick Ratio	1,73	0,49	0,17	0,24
Equity Ratio	0,64	−0,39	−0,33	−0,24
Gross Profit Margin	100 %	100 %	95,3 %	101,97 %