VELVET SANDNES AS

4306 SANDNES

Finances

Share Ownership

Return on Equity

7,31 %

Current Ratio

2,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 205 000	6 299 000	5 802 000	4 908 000
Net Income	95 000	302 000	288 000	182 000
Total Assets	2 353 000	2 055 000	1 700 000	1 584 000
Total Equity	1 300 000	1 296 000	994 000	706 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 205 000	6 299 000	5 802 000	4 908 000
Expenditure	7 043 000	5 915 000	5 402 000	4 652 000
Operating Profit	162 000	384 000	400 000	256 000
Financial Income	14 000	23 000	12 000	1 000
Financial Costs	54 000	19 000	42 000	17 000
Financial Balance	−40 000	4 000	−30 000	−16 000
Earnings Before Tax	122 000	389 000	370 000	240 000
Tax	28 000	87 000	82 000	58 000
Net Income	95 000	302 000	288 000	182 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	2 353 000	2 055 000	1 700 000	1 584 000
Total Assets	2 353 000	2 055 000	1 700 000	1 584 000
Total Retained Equity	1 270 000	1 266 000	964 000	676 000
Total Equity	1 300 000	1 296 000	994 000	706 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 053 000	759 000	705 000	878 000
Total Equity and Debt	2 353 000	2 055 000	1 700 000	1 584 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 205 000	6 079 000	5 802 000	4 908 000
Other Income	0	220 000	0	0
Revenue	7 205 000	6 299 000	5 802 000	4 908 000
Cost of Goods Sold	4 417 000	3 775 000	3 562 000	2 865 000
Salary Costs	1 756 000	1 393 000	1 174 000	1 115 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	7 043 000	5 915 000	5 402 000	4 652 000
Operating Profit	162 000	384 000	400 000	256 000
Financial Income	14 000	23 000	12 000	1 000
Financial Costs	54 000	19 000	42 000	17 000
Financial Balance	−40 000	4 000	−30 000	−16 000
Dividends	91 000	0	0	0
Net Income	95 000	302 000	288 000	182 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	1 641 000	1 601 000	1 499 000	1 273 000
Total Investments	0	0	0	0
Cash, Bank	577 000	291 000	64 000	212 000
Total Current Assets	2 353 000	2 055 000	1 700 000	1 584 000
Total Assets	2 353 000	2 055 000	1 700 000	1 584 000
Total Equity	1 300 000	1 296 000	994 000	706 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	534 000	214 000	143 000	205 000
Unpaid Taxes	317 000	273 000	248 000	226 000
Dividends	91 000	0	0	0
Other Current Debt	174 000	185 000	232 000	389 000
Total Current Debt	1 053 000	759 000	705 000	878 000
Total Equity and Debt	2 353 000	2 055 000	1 700 000	1 584 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,31 %	23,3 %	28,97 %	25,78 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,25 %	6,1 %	6,89 %	5,22 %
Current Ratio	2,23	2,71	2,41	1,8
Quick Ratio	−4	−2,44	−2,14	−4,01
Equity Ratio	0,55	0,63	0,58	0,45
Gross Profit Margin	38,7 %	40,07 %	38,61 %	41,63 %