VELT AS

0180 OSLO

Finances

Share Ownership

Return on Equity

75,58 %

Current Ratio

1,05

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 329 000	547 000	376 000	26 000
Net Income	65 000	24 000	−35 000	−13 000
Total Assets	1 460 000	437 000	153 000	41 000
Total Equity	86 000	21 000	−2 000	2 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 329 000	547 000	376 000	26 000
Expenditure	1 234 000	517 000	411 000	39 000
Operating Profit	96 000	31 000	−35 000	−13 000
Financial Income	10 000	18 000	1 000	0
Financial Costs	24 000	25 000	2 000	0
Financial Balance	−14 000	−7 000	−1 000	0
Earnings Before Tax	82 000	24 000	−35 000	−13 000
Tax	17 000	0	0	0
Net Income	65 000	24 000	−35 000	−13 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	23 000	0	6 000	0
Total Current Assets	1 436 000	437 000	147 000	41 000
Total Assets	1 460 000	437 000	153 000	41 000
Total Retained Equity	−89 000	−154 000	−178 000	−143 000
Total Equity	86 000	21 000	−2 000	2 000
Total Long-Term Debt	1 000	8 000	8 000	24 000
Total Current Debt	1 372 000	408 000	148 000	15 000
Total Equity and Debt	1 460 000	437 000	153 000	41 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	709 000	320 000	298 000	26 000
Other Income	620 000	227 000	78 000	0
Revenue	1 329 000	547 000	376 000	26 000
Cost of Goods Sold	623 000	429 000	285 000	8 000
Salary Costs	210 000	6 000	3 000	−17 000
Depreciation	2 000	0	0	0
Impairment	0	0	0	0
Expenditure	1 234 000	517 000	411 000	39 000
Operating Profit	96 000	31 000	−35 000	−13 000
Financial Income	10 000	18 000	1 000	0
Financial Costs	24 000	25 000	2 000	0
Financial Balance	−14 000	−7 000	−1 000	0
Dividends	0	0	0	0
Net Income	65 000	24 000	−35 000	−13 000

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	23 000	0	0	0
Total Tangible Assets	23 000	0	0	0
Total Fiancial Fixed Assets	0	0	6 000	0
Total Fixed Assets	23 000	0	6 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	337 000	314 000	138 000	28 000
Total Current Assets	1 436 000	437 000	147 000	41 000
Total Assets	1 460 000	437 000	153 000	41 000
Total Equity	86 000	21 000	−2 000	2 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	8 000	8 000	24 000
Creditors	424 000	95 000	103 000	15 000
Unpaid Taxes	201 000	56 000	45 000	0
Dividends	0	0	0	0
Other Current Debt	731 000	257 000	0	0
Total Current Debt	1 372 000	408 000	148 000	15 000
Total Equity and Debt	1 460 000	437 000	153 000	41 000

Financial indicators	2022	2021	2020	2019
Return on Equity	75,58 %	114,29 %	1 750 %	−650 %
Debt-to-Equity Ratio	0,01	0,38	−4	12
Operating Profit Margin	7,22 %	5,67 %	−9,31 %	−50 %
Current Ratio	1,05	1,07	0,99	2,73
Quick Ratio	1,05	1,07	0,99	2,73
Equity Ratio	0,06	0,05	−0,01	0,05
Gross Profit Margin	53,12 %	21,57 %	24,2 %	69,23 %