VELVETIA AS

2003 LILLESTRØM

Finances

Return on Equity

9,24 %

Current Ratio

120,84

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	240 000	240 000	0	0
Net Income	2 846 000	3 712 000	3 291 000	6 143 000
Total Assets	30 903 000	28 027 000	39 817 000	38 220 000
Total Equity	30 806 000	27 960 000	27 249 000	36 457 000

Income (NOK)	2022	2021	2020	2019
Revenue	240 000	240 000	0	0
Expenditure	54 000	65 000	54 000	57 000
Operating Profit	186 000	175 000	−54 000	−57 000
Financial Income	2 757 000	3 597 000	3 468 000	6 467 000
Financial Costs	0	0	54 000	7 000
Financial Balance	2 757 000	3 597 000	3 414 000	6 460 000
Earnings Before Tax	2 943 000	3 771 000	3 360 000	6 404 000
Tax	97 000	60 000	69 000	261 000
Net Income	2 846 000	3 712 000	3 291 000	6 143 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 182 000	15 307 000	8 562 000	8 562 000
Total Current Assets	11 721 000	12 721 000	31 256 000	29 658 000
Total Assets	30 903 000	28 027 000	39 817 000	38 220 000
Total Retained Equity	30 331 000	27 485 000	26 773 000	35 982 000
Total Equity	30 806 000	27 960 000	27 249 000	36 457 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	97 000	67 000	12 569 000	1 762 000
Total Equity and Debt	30 903 000	28 027 000	39 817 000	38 220 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	240 000	240 000	0	0
Revenue	240 000	240 000	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	54 000	65 000	54 000	57 000
Operating Profit	186 000	175 000	−54 000	−57 000
Financial Income	2 757 000	3 597 000	3 468 000	6 467 000
Financial Costs	0	0	54 000	7 000
Financial Balance	2 757 000	3 597 000	3 414 000	6 460 000
Dividends	0	0	12 500 000	1 500 000
Net Income	2 846 000	3 712 000	3 291 000	6 143 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	7 074 000	7 074 000	7 074 000	7 074 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	7 074 000	7 074 000	7 074 000	7 074 000
Total Fiancial Fixed Assets	12 108 000	8 232 000	1 488 000	1 488 000
Total Fixed Assets	19 182 000	15 307 000	8 562 000	8 562 000
Stock	0	0	0	0
Total Investments	0	0	0	25 489 000
Cash, Bank	9 203 000	9 203 000	24 964 000	5 000
Total Current Assets	11 721 000	12 721 000	31 256 000	29 658 000
Total Assets	30 903 000	28 027 000	39 817 000	38 220 000
Total Equity	30 806 000	27 960 000	27 249 000	36 457 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	7 000	0	1 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	12 500 000	1 500 000
Other Current Debt	0	0	0	0
Total Current Debt	97 000	67 000	12 569 000	1 762 000
Total Equity and Debt	30 903 000	28 027 000	39 817 000	38 220 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,24 %	13,28 %	12,08 %	16,85 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	77,5 %	72,92 %	-	-
Current Ratio	120,84	189,87	2,49	16,83
Quick Ratio	120,84	189,87	2,49	16,83
Equity Ratio	1	1	0,68	0,95
Gross Profit Margin	100 %	100 %	-	-