VELVÆRE AKADEMIET AS

1550 HØLEN

Finances

Share Ownership

Return on Equity

137,53 %

Current Ratio

0,63

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 529 000	3 331 000	3 480 000	4 785 000
Net Income	568 000	994 000	1 163 000	441 000
Total Assets	828 000	1 476 000	1 859 000	368 000
Total Equity	413 000	172 000	30 000	130 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 529 000	3 331 000	3 480 000	4 785 000
Expenditure	1 958 000	1 824 000	1 989 000	4 337 000
Operating Profit	572 000	1 276 000	1 491 000	448 000
Financial Income	0	0	0	9 000
Financial Costs	0	2 000	0	16 000
Financial Balance	0	−2 000	0	−7 000
Earnings Before Tax	572 000	1 274 000	1 491 000	441 000
Tax	4 000	281 000	328 000	0
Net Income	568 000	994 000	1 163 000	441 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	567 000	573 000	200 000	55 000
Total Current Assets	261 000	903 000	1 659 000	313 000
Total Assets	828 000	1 476 000	1 859 000	368 000
Total Retained Equity	383 000	42 000	−100 000	0
Total Equity	413 000	172 000	30 000	130 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	414 000	1 305 000	1 829 000	238 000
Total Equity and Debt	828 000	1 476 000	1 859 000	368 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 000	8 000	12 000	4 785 000
Other Income	2 522 000	3 323 000	3 468 000	0
Revenue	2 529 000	3 331 000	3 480 000	4 785 000
Cost of Goods Sold	248 000	332 000	333 000	1 225 000
Salary Costs	548 000	1 043 000	1 267 000	1 249 000
Depreciation	17 000	0	0	0
Impairment	0	0	0	0
Expenditure	1 958 000	1 824 000	1 989 000	4 337 000
Operating Profit	572 000	1 276 000	1 491 000	448 000
Financial Income	0	0	0	9 000
Financial Costs	0	2 000	0	16 000
Financial Balance	0	−2 000	0	−7 000
Dividends	226 000	852 000	1 263 000	0
Net Income	568 000	994 000	1 163 000	441 000

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	39 000	55 000	55 000	55 000
Total Tangible Assets	39 000	55 000	55 000	55 000
Total Fiancial Fixed Assets	528 000	517 000	144 000	0
Total Fixed Assets	567 000	573 000	200 000	55 000
Stock	0	0	230 000	230 000
Total Investments	0	0	0	0
Cash, Bank	15 000	23 000	98 000	82 000
Total Current Assets	261 000	903 000	1 659 000	313 000
Total Assets	828 000	1 476 000	1 859 000	368 000
Total Equity	413 000	172 000	30 000	130 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	5 000	4 000	18 000	0
Unpaid Taxes	7 000	69 000	102 000	113 000
Dividends	226 000	852 000	1 263 000	0
Other Current Debt	51 000	99 000	118 000	125 000
Total Current Debt	414 000	1 305 000	1 829 000	238 000
Total Equity and Debt	828 000	1 476 000	1 859 000	368 000

Financial indicators	2022	2021	2020	2019
Return on Equity	137,53 %	577,91 %	3 876,67 %	339,23 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	22,62 %	38,31 %	42,84 %	9,36 %
Current Ratio	0,63	0,69	0,91	1,32
Quick Ratio	0,63	0,69	1,04	39,13
Equity Ratio	0,5	0,12	0,02	0,35
Gross Profit Margin	90,19 %	90,03 %	90,43 %	74,4 %