VELFORENINGEN VERITASHAMMAREN

4017 STAVANGER

Finances

Share Ownership

Return on Equity

−5,09 %

Current Ratio

23,37

Debt-to-Equity Ratio

−1,26

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 613 000	1 728 000	1 721 000	1 735 000
Net Income	267 000	684 000	577 000	−677 000
Total Assets	1 431 000	1 385 000	900 000	1 494 000
Total Equity	−5 241 000	−5 508 000	−6 192 000	−6 769 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 613 000	1 728 000	1 721 000	1 735 000
Expenditure	1 094 000	824 000	889 000	2 155 000
Operating Profit	519 000	904 000	831 000	−420 000
Financial Income	34 000	19 000	19 000	23 000
Financial Costs	286 000	238 000	273 000	−279 000
Financial Balance	−252 000	−219 000	−254 000	302 000
Earnings Before Tax	267 000	684 000	577 000	−420 000
Tax	0	0	0	0
Net Income	267 000	684 000	577 000	−677 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	52 000	63 000	74 000	85 000
Total Current Assets	1 379 000	1 322 000	826 000	1 409 000
Total Assets	1 431 000	1 385 000	900 000	1 494 000
Total Retained Equity	−5 241 000	−5 508 000	−6 192 000	−6 769 000
Total Equity	−5 241 000	−5 508 000	−6 192 000	−6 769 000
Total Long-Term Debt	6 614 000	6 819 000	7 041 000	7 249 000
Total Current Debt	59 000	74 000	50 000	1 014 000
Total Equity and Debt	1 431 000	1 385 000	900 000	1 494 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 613 000	1 728 000	1 721 000	1 735 000
Revenue	1 613 000	1 728 000	1 721 000	1 735 000
Cost of Goods Sold	0	0	0	0
Salary Costs	96 000	96 000	92 000	96 000
Depreciation	11 000	11 000	11 000	11 000
Impairment	0	0	0	0
Expenditure	1 094 000	824 000	889 000	2 155 000
Operating Profit	519 000	904 000	831 000	−420 000
Financial Income	34 000	19 000	19 000	23 000
Financial Costs	286 000	238 000	273 000	−279 000
Financial Balance	−252 000	−219 000	−254 000	302 000
Dividends	0	0	0	0
Net Income	267 000	684 000	577 000	−677 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	52 000	63 000	74 000	85 000
Total Tangible Assets	52 000	63 000	74 000	85 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	52 000	63 000	74 000	85 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 200 000	902 000	517 000	1 134 000
Total Current Assets	1 379 000	1 322 000	826 000	1 409 000
Total Assets	1 431 000	1 385 000	900 000	1 494 000
Total Equity	−5 241 000	−5 508 000	−6 192 000	−6 769 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 614 000	6 819 000	7 041 000	7 249 000
Creditors	44 000	39 000	15 000	901 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	15 000	35 000	35 000	113 000
Total Current Debt	59 000	74 000	50 000	1 014 000
Total Equity and Debt	1 431 000	1 385 000	900 000	1 494 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−5,09 %	−12,42 %	−9,32 %	10 %
Debt-to-Equity Ratio	−1,26	−1,24	−1,14	−1,07
Operating Profit Margin	32,18 %	52,31 %	48,29 %	−24,21 %
Current Ratio	23,37	17,86	16,52	1,39
Quick Ratio	23,37	17,86	16,52	1,39
Equity Ratio	−3,66	−3,98	−6,88	−4,53
Gross Profit Margin	100 %	100 %	100 %	100 %