VELVET RECORDING AS

1820 SPYDEBERG

Finances

Share Ownership

Return on Equity

4,25 %

Current Ratio

30,23

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 184 000	1 105 000	1 147 000	732 000
Net Income	22 000	28 000	117 000	53 000
Total Assets	541 000	528 000	606 000	447 000
Total Equity	518 000	496 000	467 000	351 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 184 000	1 105 000	1 147 000	732 000
Expenditure	1 156 000	1 068 000	999 000	664 000
Operating Profit	28 000	36 000	150 000	68 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	28 000	37 000	150 000	68 000
Tax	6 000	8 000	33 000	15 000
Net Income	22 000	28 000	117 000	53 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	148 000	205 000	260 000	1 000
Total Current Assets	393 000	324 000	346 000	446 000
Total Assets	541 000	528 000	606 000	447 000
Total Retained Equity	488 000	466 000	437 000	321 000
Total Equity	518 000	496 000	467 000	351 000
Total Long-Term Debt	11 000	20 000	120 000	78 000
Total Current Debt	13 000	12 000	19 000	18 000
Total Equity and Debt	541 000	528 000	606 000	447 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 105 000	1 054 000	1 101 000	687 000
Other Income	79 000	50 000	46 000	44 000
Revenue	1 184 000	1 105 000	1 147 000	732 000
Cost of Goods Sold	463 000	553 000	597 000	227 000
Salary Costs	0	4 000	9 000	10 000
Depreciation	56 000	56 000	19 000	0
Impairment	0	0	0	0
Expenditure	1 156 000	1 068 000	999 000	664 000
Operating Profit	28 000	36 000	150 000	68 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	22 000	28 000	117 000	53 000

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	148 000	204 000	260 000	0
Fixtures	0	0	0	0
Total Tangible Assets	148 000	204 000	260 000	0
Total Fiancial Fixed Assets	0	1 000	1 000	1 000
Total Fixed Assets	148 000	205 000	260 000	1 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	119 000	179 000	148 000	147 000
Total Current Assets	393 000	324 000	346 000	446 000
Total Assets	541 000	528 000	606 000	447 000
Total Equity	518 000	496 000	467 000	351 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	11 000	20 000	120 000	78 000
Creditors	2 000	0	0	1 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	3 000
Total Current Debt	13 000	12 000	19 000	18 000
Total Equity and Debt	541 000	528 000	606 000	447 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,25 %	5,65 %	25,05 %	15,1 %
Debt-to-Equity Ratio	0,02	0,04	0,26	0,22
Operating Profit Margin	2,36 %	3,26 %	13,08 %	9,29 %
Current Ratio	30,23	27	18,21	24,78
Quick Ratio	30,23	27	18,21	24,78
Equity Ratio	0,96	0,94	0,77	0,79
Gross Profit Margin	60,9 %	49,95 %	47,95 %	68,99 %