VELUX NORGE AS

0484 OSLO

Finances

Share Ownership

Return on Equity

30,47 %

Current Ratio

1,7

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	163 536 000	166 474 000	157 049 000	135 723 000
Net Income	4 139 000	3 739 000	3 739 000	3 367 000
Total Assets	31 221 000	34 417 000	34 132 000	25 097 000
Total Equity	13 584 000	9 446 000	5 706 000	9 072 000

Income (NOK)	2022	2021	2020	2019
Revenue	163 536 000	166 474 000	157 049 000	135 723 000
Expenditure	158 228 000	161 477 000	152 124 000	131 378 000
Operating Profit	5 309 000	4 996 000	4 925 000	4 345 000
Financial Income	179 000	21 000	52 000	145 000
Financial Costs	139 000	155 000	160 000	139 000
Financial Balance	40 000	−134 000	−108 000	6 000
Earnings Before Tax	5 349 000	4 862 000	4 817 000	4 352 000
Tax	1 210 000	1 123 000	1 078 000	985 000
Net Income	4 139 000	3 739 000	3 739 000	3 367 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 236 000	101 000	1 286 000	1 187 000
Total Current Assets	29 986 000	34 316 000	32 846 000	23 910 000
Total Assets	31 221 000	34 417 000	34 132 000	25 097 000
Total Retained Equity	12 634 000	8 496 000	4 756 000	8 122 000
Total Equity	13 584 000	9 446 000	5 706 000	9 072 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	17 637 000	24 971 000	28 426 000	16 025 000
Total Equity and Debt	31 221 000	34 417 000	34 132 000	25 097 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	163 536 000	166 474 000	157 049 000	135 723 000
Other Income	0	0	0	0
Revenue	163 536 000	166 474 000	157 049 000	135 723 000
Cost of Goods Sold	137 166 000	138 575 000	125 089 000	103 731 000
Salary Costs	12 850 000	15 251 000	13 575 000	13 833 000
Depreciation	23 000	23 000	17 000	17 000
Impairment	0	0	0	0
Expenditure	158 228 000	161 477 000	152 124 000	131 378 000
Operating Profit	5 309 000	4 996 000	4 925 000	4 345 000
Financial Income	179 000	21 000	52 000	145 000
Financial Costs	139 000	155 000	160 000	139 000
Financial Balance	40 000	−134 000	−108 000	6 000
Dividends	0	0	3 739 000	0
Net Income	4 139 000	3 739 000	3 739 000	3 367 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	51 000	54 000	56 000	8 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	6 000	29 000	52 000	0
Total Tangible Assets	6 000	29 000	52 000	0
Total Fiancial Fixed Assets	1 179 000	18 000	1 178 000	1 178 000
Total Fixed Assets	1 236 000	101 000	1 286 000	1 187 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	549 000	1 777 000	643 000	620 000
Total Current Assets	29 986 000	34 316 000	32 846 000	23 910 000
Total Assets	31 221 000	34 417 000	34 132 000	25 097 000
Total Equity	13 584 000	9 446 000	5 706 000	9 072 000
Short-Term Group Debt	0	0	11 582 000	4 534 000
Total Long-Term Debt	0	0	0	0
Creditors	832 000	653 000	762 000	0
Unpaid Taxes	6 058 000	7 805 000	5 850 000	754 000
Dividends	0	0	3 739 000	0
Other Current Debt	6 156 000	15 392 000	5 368 000	8 566 000
Total Current Debt	17 637 000	24 971 000	28 426 000	16 025 000
Total Equity and Debt	31 221 000	34 417 000	34 132 000	25 097 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,47 %	39,58 %	65,53 %	37,11 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,25 %	3 %	3,14 %	3,2 %
Current Ratio	1,7	1,37	1,16	1,49
Quick Ratio	1,7	1,37	1,16	1,49
Equity Ratio	0,44	0,27	0,17	0,36
Gross Profit Margin	16,12 %	16,76 %	20,35 %	23,57 %