VELAR EIENDOM AS

5259 HJELLESTAD

Finances

Share Ownership

Return on Equity

281,62 %

Current Ratio

0,24

Debt-to-Equity Ratio

−9,79

Key figures (NOK)	2022	2021	2020	2019
Revenue	142 000	406 000	3 355 000	333 000
Net Income	−383 000	191 000	2 521 000	83 000
Total Assets	2 057 000	1 319 000	6 677 000	3 625 000
Total Equity	−136 000	247 000	4 751 000	2 839 000

Income (NOK)	2022	2021	2020	2019
Revenue	142 000	406 000	3 355 000	333 000
Expenditure	598 000	145 000	122 000	225 000
Operating Profit	−456 000	261 000	3 232 000	108 000
Financial Income	2 000	0	0	0
Financial Costs	37 000	0	0	0
Financial Balance	−35 000	0	0	0
Earnings Before Tax	−491 000	261 000	3 233 000	108 000
Tax	−108 000	70 000	711 000	25 000
Net Income	−383 000	191 000	2 521 000	83 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 848 000	1 065 000	1 663 000	2 919 000
Total Current Assets	209 000	254 000	5 014 000	705 000
Total Assets	2 057 000	1 319 000	6 677 000	3 625 000
Total Retained Equity	−175 000	209 000	4 712 000	2 800 000
Total Equity	−136 000	247 000	4 751 000	2 839 000
Total Long-Term Debt	1 332 000	490 000	593 000	53 000
Total Current Debt	861 000	582 000	1 334 000	732 000
Total Equity and Debt	2 057 000	1 319 000	6 677 000	3 625 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 000	85 000	215 000	311 000
Other Income	92 000	321 000	3 140 000	22 000
Revenue	142 000	406 000	3 355 000	333 000
Cost of Goods Sold	0	0	0	0
Salary Costs	113 000	0	0	0
Depreciation	0	0	18 000	37 000
Impairment	0	0	0	0
Expenditure	598 000	145 000	122 000	225 000
Operating Profit	−456 000	261 000	3 232 000	108 000
Financial Income	2 000	0	0	0
Financial Costs	37 000	0	0	0
Financial Balance	−35 000	0	0	0
Dividends	0	0	0	0
Net Income	−383 000	191 000	2 521 000	83 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 065 000	1 065 000	1 047 000	2 303 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 065 000	1 065 000	1 047 000	2 303 000
Total Fiancial Fixed Assets	783 000	0	616 000	616 000
Total Fixed Assets	1 848 000	1 065 000	1 663 000	2 919 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 000	97 000	494 000	169 000
Total Current Assets	209 000	254 000	5 014 000	705 000
Total Assets	2 057 000	1 319 000	6 677 000	3 625 000
Total Equity	−136 000	247 000	4 751 000	2 839 000
Short-Term Group Debt	390 000	395 000	670 000	0
Total Long-Term Debt	1 332 000	490 000	593 000	53 000
Creditors	5 000	13 000	−2 000	66 000
Unpaid Taxes	36 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	430 000	0	667 000	667 000
Total Current Debt	861 000	582 000	1 334 000	732 000
Total Equity and Debt	2 057 000	1 319 000	6 677 000	3 625 000

Financial indicators	2022	2021	2020	2019
Return on Equity	281,62 %	77,33 %	53,06 %	2,92 %
Debt-to-Equity Ratio	−9,79	1,98	0,12	0,02
Operating Profit Margin	−321,13 %	64,29 %	96,33 %	32,43 %
Current Ratio	0,24	0,44	3,76	0,96
Quick Ratio	0,24	0,44	3,76	0,96
Equity Ratio	−0,07	0,19	0,71	0,78
Gross Profit Margin	100 %	100 %	100 %	100 %