VELFJORD SKOGSERVICE AS

8960 VELFJORD

Finances

Share Ownership

Return on Equity

24,54 %

Current Ratio

2,92

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 010 000	5 239 000	4 311 000	4 337 000
Net Income	888 000	1 191 000	763 000	202 000
Total Assets	5 138 000	4 324 000	2 748 000	−10 000
Total Equity	3 618 000	2 730 000	1 489 000	726 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 010 000	5 239 000	4 311 000	4 337 000
Expenditure	3 885 000	3 716 000	3 211 000	4 082 000
Operating Profit	1 125 000	1 523 000	1 101 000	256 000
Financial Income	15 000	4 000	3 000	3 000
Financial Costs	0	0	0	0
Financial Balance	15 000	4 000	3 000	3 000
Earnings Before Tax	1 139 000	1 527 000	1 105 000	259 000
Tax	251 000	336 000	342 000	57 000
Net Income	888 000	1 191 000	763 000	202 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	824 000	698 000	232 000	89 000
Total Current Assets	4 314 000	3 626 000	2 516 000	−99 000
Total Assets	5 138 000	4 324 000	2 748 000	−10 000
Total Retained Equity	3 588 000	2 700 000	1 459 000	696 000
Total Equity	3 618 000	2 730 000	1 489 000	726 000
Total Long-Term Debt	42 000	28 000	10 000	0
Total Current Debt	1 478 000	1 566 000	1 248 000	−736 000
Total Equity and Debt	5 138 000	4 324 000	2 748 000	−10 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 010 000	5 239 000	4 311 000	4 337 000
Other Income	0	0	0	0
Revenue	5 010 000	5 239 000	4 311 000	4 337 000
Cost of Goods Sold	497 000	510 000	561 000	659 000
Salary Costs	2 342 000	2 306 000	1 991 000	1 943 000
Depreciation	125 000	79 000	17 000	17 000
Impairment	0	0	0	0
Expenditure	3 885 000	3 716 000	3 211 000	4 082 000
Operating Profit	1 125 000	1 523 000	1 101 000	256 000
Financial Income	15 000	4 000	3 000	3 000
Financial Costs	0	0	0	0
Financial Balance	15 000	4 000	3 000	3 000
Dividends	0	0	0	0
Net Income	888 000	1 191 000	763 000	202 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	21 000
Real Eastate	14 000	0	0	0
Machinery and Plant Facilities	309 000	270 000	98 000	0
Fixtures	507 000	428 000	133 000	68 000
Total Tangible Assets	829 000	698 000	232 000	68 000
Total Fiancial Fixed Assets	−5 000	0	0	0
Total Fixed Assets	824 000	698 000	232 000	89 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 976 000	3 517 000	1 895 000	0
Total Current Assets	4 314 000	3 626 000	2 516 000	−99 000
Total Assets	5 138 000	4 324 000	2 748 000	−10 000
Total Equity	3 618 000	2 730 000	1 489 000	726 000
Short-Term Group Debt	0	0	77 000	0
Total Long-Term Debt	42 000	28 000	10 000	0
Creditors	659 000	733 000	555 000	119 000
Unpaid Taxes	234 000	149 000	91 000	129 000
Dividends	0	0	0	0
Other Current Debt	348 000	366 000	292 000	155 000
Total Current Debt	1 478 000	1 566 000	1 248 000	−736 000
Total Equity and Debt	5 138 000	4 324 000	2 748 000	−10 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,54 %	43,63 %	51,24 %	27,82 %
Debt-to-Equity Ratio	0,01	0,01	0,01	0
Operating Profit Margin	22,46 %	29,07 %	25,54 %	5,9 %
Current Ratio	2,92	2,32	2,02	0,13
Quick Ratio	2,92	2,32	2,02	0,13
Equity Ratio	0,7	0,63	0,54	−72,6
Gross Profit Margin	90,08 %	90,27 %	86,99 %	84,81 %