VELA SEAFOOD AS

6260 SKODJE

Finances

Return on Equity

−256,49 %

Current Ratio

2,08

Debt-to-Equity Ratio

22,87

Key figures (NOK)	2022	2021	2020	2019
Revenue	59 212 000	75 332 000	14 818 000	0
Net Income	−3 637 000	3 513 000	1 267 000	−4 000
Total Assets	48 049 000	36 148 000	4 088 000	34 000
Total Equity	1 418 000	5 055 000	1 401 000	34 000

Income (NOK)	2022	2021	2020	2019
Revenue	59 212 000	75 332 000	14 818 000	0
Expenditure	61 095 000	71 250 000	13 309 000	6 000
Operating Profit	−1 884 000	4 082 000	1 509 000	−6 000
Financial Income	2 288 000	1 250 000	262 000	0
Financial Costs	4 177 000	828 000	148 000	0
Financial Balance	−1 889 000	422 000	114 000	0
Earnings Before Tax	−3 774 000	4 504 000	1 623 000	−6 000
Tax	−137 000	991 000	356 000	−1 000
Net Income	−3 637 000	3 513 000	1 267 000	−4 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	18 525 000	12 316 000	0	0
Total Current Assets	29 523 000	23 832 000	4 088 000	34 000
Total Assets	48 049 000	36 148 000	4 088 000	34 000
Total Retained Equity	1 138 000	4 775 000	1 261 000	−6 000
Total Equity	1 418 000	5 055 000	1 401 000	34 000
Total Long-Term Debt	32 424 000	5 137 000	0	0
Total Current Debt	14 207 000	25 956 000	2 687 000	0
Total Equity and Debt	48 049 000	36 148 000	4 088 000	34 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	58 004 000	75 332 000	14 818 000	0
Other Income	1 208 000	0	0	0
Revenue	59 212 000	75 332 000	14 818 000	0
Cost of Goods Sold	48 647 000	60 562 000	11 796 000	0
Salary Costs	1 965 000	1 422 000	330 000	0
Depreciation	1 225 000	616 000	0	0
Impairment	0	0	0	0
Expenditure	61 095 000	71 250 000	13 309 000	6 000
Operating Profit	−1 884 000	4 082 000	1 509 000	−6 000
Financial Income	2 288 000	1 250 000	262 000	0
Financial Costs	4 177 000	828 000	148 000	0
Financial Balance	−1 889 000	422 000	114 000	0
Dividends	0	0	0	0
Net Income	−3 637 000	3 513 000	1 267 000	−4 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 845 000	3 000 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	272 000	398 000	0	0
Total Tangible Assets	6 958 000	9 316 000	0	0
Total Fiancial Fixed Assets	2 722 000	0	0	0
Total Fixed Assets	18 525 000	12 316 000	0	0
Stock	11 475 000	1 440 000	40 000	0
Total Investments	0	0	0	0
Cash, Bank	675 000	156 000	771 000	34 000
Total Current Assets	29 523 000	23 832 000	4 088 000	34 000
Total Assets	48 049 000	36 148 000	4 088 000	34 000
Total Equity	1 418 000	5 055 000	1 401 000	34 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	32 424 000	5 137 000	0	0
Creditors	12 537 000	2 772 000	2 072 000	0
Unpaid Taxes	546 000	77 000	163 000	0
Dividends	0	0	0	0
Other Current Debt	589 000	20 302 000	96 000	0
Total Current Debt	14 207 000	25 956 000	2 687 000	0
Total Equity and Debt	48 049 000	36 148 000	4 088 000	34 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−256,49 %	69,5 %	90,44 %	−11,76 %
Debt-to-Equity Ratio	22,87	1,02	0	0
Operating Profit Margin	−3,18 %	5,42 %	10,18 %	-
Current Ratio	2,08	0,92	1,52	-
Quick Ratio	10,81	0,97	1,54	-
Equity Ratio	0,03	0,14	0,34	1
Gross Profit Margin	17,84 %	19,61 %	20,39 %	-