VELFRA AS

0250 OSLO

Finances

Return on Equity

−11,81 %

Current Ratio

6,04

Debt-to-Equity Ratio

3,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	87 073 000	90 313 000	77 703 000	71 765 000
Net Income	−28 557 000	−8 651 000	4 162 000	−14 266 000
Total Assets	1 117 710 000	1 137 085 000	1 207 443 000	1 023 555 000
Total Equity	241 842 000	391 884 000	428 411 000	361 853 000

Income (NOK)	2022	2021	2020	2019
Revenue	87 073 000	90 313 000	77 703 000	71 765 000
Expenditure	79 619 000	73 136 000	43 901 000	56 622 000
Operating Profit	7 454 000	17 177 000	33 803 000	15 143 000
Financial Income	1 440 000	150 000	195 000	335 000
Financial Costs	41 170 000	23 995 000	26 446 000	26 216 000
Financial Balance	−39 730 000	−23 845 000	−26 251 000	−25 881 000
Earnings Before Tax	−32 276 000	−6 668 000	7 552 000	−10 738 000
Tax	−3 719 000	1 983 000	3 390 000	3 528 000
Net Income	−28 557 000	−8 651 000	4 162 000	−14 266 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 074 223 000	1 117 424 000	1 163 599 000	995 598 000
Total Current Assets	43 487 000	19 660 000	43 844 000	27 957 000
Total Assets	1 117 710 000	1 137 085 000	1 207 443 000	1 023 555 000
Total Retained Equity	−46 600 000	−18 958 000	−12 430 000	−16 989 000
Total Equity	241 842 000	391 884 000	428 411 000	361 853 000
Total Long-Term Debt	868 675 000	730 565 000	743 505 000	631 160 000
Total Current Debt	7 194 000	14 636 000	35 526 000	30 543 000
Total Equity and Debt	1 117 710 000	1 137 085 000	1 207 443 000	1 023 555 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	84 904 000	84 360 000	77 703 000	0
Other Income	2 168 000	5 953 000	0	71 765 000
Revenue	87 073 000	90 313 000	77 703 000	71 765 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 577 000	3 292 000	2 730 000	1 763 000
Depreciation	30 779 000	35 073 000	28 453 000	41 328 000
Impairment	9 897 000	10 178 000	−5 125 000	0
Expenditure	79 619 000	73 136 000	43 901 000	56 622 000
Operating Profit	7 454 000	17 177 000	33 803 000	15 143 000
Financial Income	1 440 000	150 000	195 000	335 000
Financial Costs	41 170 000	23 995 000	26 446 000	26 216 000
Financial Balance	−39 730 000	−23 845 000	−26 251 000	−25 881 000
Dividends	0	0	0	0
Net Income	−28 557 000	−8 651 000	4 162 000	−14 266 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 073 804 000	1 116 914 000	1 163 024 000	995 371 000
Machinery and Plant Facilities	371 000	463 000	0	0
Fixtures	0	0	575 000	228 000
Total Tangible Assets	1 074 175 000	1 117 377 000	1 163 599 000	995 598 000
Total Fiancial Fixed Assets	48 000	48 000	0	0
Total Fixed Assets	1 074 223 000	1 117 424 000	1 163 599 000	995 598 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	41 976 000	17 233 000	25 008 000	8 635 000
Total Current Assets	43 487 000	19 660 000	43 844 000	27 957 000
Total Assets	1 117 710 000	1 137 085 000	1 207 443 000	1 023 555 000
Total Equity	241 842 000	391 884 000	428 411 000	361 853 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	868 675 000	730 565 000	743 505 000	631 160 000
Creditors	1 177 000	1 836 000	1 874 000	1 215 000
Unpaid Taxes	210 000	149 000	59 000	27 000
Dividends	0	0	0	0
Other Current Debt	5 807 000	7 304 000	29 433 000	24 951 000
Total Current Debt	7 194 000	14 636 000	35 526 000	30 543 000
Total Equity and Debt	1 117 710 000	1 137 085 000	1 207 443 000	1 023 555 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,81 %	−2,21 %	0,97 %	−3,94 %
Debt-to-Equity Ratio	3,59	1,86	1,74	1,74
Operating Profit Margin	8,56 %	19,02 %	43,5 %	21,1 %
Current Ratio	6,04	1,34	1,23	0,92
Quick Ratio	6,04	1,34	1,23	0,92
Equity Ratio	0,22	0,34	0,35	0,35
Gross Profit Margin	100 %	100 %	100 %	100 %