VELSTYRT AS

1710 SARPSBORG

Finances

Return on Equity

30,34 %

Current Ratio

0,34

Debt-to-Equity Ratio

−0,41

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 605 000	4 654 000	4 369 000	4 940 000
Net Income	−328 000	−305 000	−619 000	−81 000
Total Assets	631 000	977 000	1 262 000	1 403 000
Total Equity	−1 081 000	−753 000	−448 000	171 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 605 000	4 654 000	4 369 000	4 940 000
Expenditure	3 896 000	4 908 000	4 887 000	4 990 000
Operating Profit	−291 000	−254 000	−518 000	−50 000
Financial Income	0	−1 000	2 000	4 000
Financial Costs	37 000	51 000	160 000	38 000
Financial Balance	−37 000	−52 000	−158 000	−34 000
Earnings Before Tax	−328 000	−305 000	−675 000	−84 000
Tax	0	0	−57 000	−3 000
Net Income	−328 000	−305 000	−619 000	−81 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	202 000	237 000	312 000	92 000
Total Current Assets	429 000	740 000	950 000	1 311 000
Total Assets	631 000	977 000	1 262 000	1 403 000
Total Retained Equity	−1 105 000	−777 000	−472 000	146 000
Total Equity	−1 081 000	−753 000	−448 000	171 000
Total Long-Term Debt	439 000	554 000	749 000	0
Total Current Debt	1 273 000	1 176 000	961 000	1 232 000
Total Equity and Debt	631 000	977 000	1 262 000	1 403 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 422 000	3 630 000	4 388 000	4 982 000
Other Income	183 000	1 023 000	−19 000	−41 000
Revenue	3 605 000	4 654 000	4 369 000	4 940 000
Cost of Goods Sold	5 000	280 000	252 000	314 000
Salary Costs	3 028 000	3 633 000	3 311 000	2 199 000
Depreciation	75 000	75 000	75 000	0
Impairment	0	0	0	0
Expenditure	3 896 000	4 908 000	4 887 000	4 990 000
Operating Profit	−291 000	−254 000	−518 000	−50 000
Financial Income	0	−1 000	2 000	4 000
Financial Costs	37 000	51 000	160 000	38 000
Financial Balance	−37 000	−52 000	−158 000	−34 000
Dividends	0	0	0	0
Net Income	−328 000	−305 000	−619 000	−81 000

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	150 000	225 000	300 000	0
Total Tangible Assets	150 000	225 000	300 000	0
Total Fiancial Fixed Assets	52 000	12 000	12 000	92 000
Total Fixed Assets	202 000	237 000	312 000	92 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	212 000	249 000	196 000	201 000
Total Current Assets	429 000	740 000	950 000	1 311 000
Total Assets	631 000	977 000	1 262 000	1 403 000
Total Equity	−1 081 000	−753 000	−448 000	171 000
Short-Term Group Debt	0	0	0	4 000
Total Long-Term Debt	439 000	554 000	749 000	0
Creditors	164 000	74 000	72 000	181 000
Unpaid Taxes	472 000	412 000	168 000	536 000
Dividends	0	0	0	0
Other Current Debt	636 000	690 000	720 000	513 000
Total Current Debt	1 273 000	1 176 000	961 000	1 232 000
Total Equity and Debt	631 000	977 000	1 262 000	1 403 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,34 %	40,5 %	138,17 %	−47,37 %
Debt-to-Equity Ratio	−0,41	−0,74	−1,67	0
Operating Profit Margin	−8,07 %	−5,46 %	−11,86 %	−1,01 %
Current Ratio	0,34	0,63	0,99	1,06
Quick Ratio	0,34	0,63	0,99	1,06
Equity Ratio	−1,71	−0,77	−0,35	0,12
Gross Profit Margin	99,86 %	93,98 %	94,23 %	93,64 %