VELFJORD SERVICE AS

8960 VELFJORD

Finances

Share Ownership

Return on Equity

−17,76 %

Current Ratio

1,96

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020
Revenue	5 385 000	4 763 000	655 000
Net Income	−133 000	357 000	503 000
Total Assets	1 485 000	1 313 000	770 000
Total Equity	749 000	884 000	527 000

Income (NOK)	2022	2021	2020
Revenue	5 385 000	4 763 000	655 000
Expenditure	5 529 000	4 304 000	10 000
Operating Profit	−143 000	459 000	645 000
Financial Income	0	0	0
Financial Costs	3 000	0	0
Financial Balance	−3 000	0	0
Earnings Before Tax	−146 000	458 000	645 000
Tax	−13 000	101 000	142 000
Net Income	−133 000	357 000	503 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	73 000	72 000	0
Total Current Assets	1 412 000	1 241 000	770 000
Total Assets	1 485 000	1 313 000	770 000
Total Retained Equity	727 000	860 000	503 000
Total Equity	749 000	884 000	527 000
Total Long-Term Debt	17 000	14 000	0
Total Current Debt	719 000	414 000	243 000
Total Equity and Debt	1 485 000	1 313 000	770 000

Cash flow (NOK)	2022	2021	2020
Sales Income	4 967 000	4 744 000	655 000
Other Income	418 000	19 000	0
Revenue	5 385 000	4 763 000	655 000
Cost of Goods Sold	2 707 000	2 385 000	0
Salary Costs	1 945 000	1 336 000	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	5 529 000	4 304 000	10 000
Operating Profit	−143 000	459 000	645 000
Financial Income	0	0	0
Financial Costs	3 000	0	0
Financial Balance	−3 000	0	0
Dividends	0	0	0
Net Income	−133 000	357 000	503 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	73 000	72 000	0
Total Tangible Assets	73 000	72 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	73 000	72 000	0
Stock	453 000	342 000	0
Total Investments	0	0	0
Cash, Bank	66 000	47 000	0
Total Current Assets	1 412 000	1 241 000	770 000
Total Assets	1 485 000	1 313 000	770 000
Total Equity	749 000	884 000	527 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	17 000	14 000	0
Creditors	287 000	151 000	−12 000
Unpaid Taxes	137 000	66 000	113 000
Dividends	0	0	0
Other Current Debt	295 000	110 000	0
Total Current Debt	719 000	414 000	243 000
Total Equity and Debt	1 485 000	1 313 000	770 000

Financial indicators	2022	2021	2020
Return on Equity	−17,76 %	40,38 %	95,45 %
Debt-to-Equity Ratio	0,02	0,02	0
Operating Profit Margin	−2,66 %	9,64 %	98,47 %
Current Ratio	1,96	3	3,17
Quick Ratio	5,31	17,24	3,17
Equity Ratio	0,5	0,67	0,68
Gross Profit Margin	49,73 %	49,93 %	100 %