VELANDUM AS

3800 BØ I TELEMARK

Finances

Return on Equity

920 %

Current Ratio

9,59

Debt-to-Equity Ratio

−450,87

Key figures (NOK)	2022	2021	2020	2019
Revenue	129 000	30 000	88 000	0
Net Income	−138 000	9 000	0	0
Total Assets	7 365 000	5 572 000	315 000	197 000
Total Equity	−15 000	123 000	112 000	89 000

Income (NOK)	2022	2021	2020
Revenue	129 000	30 000	88 000
Expenditure	228 000	19 000	90 000
Operating Profit	−99 000	11 000	−2 000
Financial Income	854 000	0	0
Financial Costs	892 000	0	0
Financial Balance	−38 000	0	0
Earnings Before Tax	−138 000	11 000	−2 000
Tax	0	2 000	−3 000
Net Income	−138 000	9 000	0

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 449 000	1 449 000	99 000	99 000
Total Current Assets	5 916 000	4 123 000	216 000	97 000
Total Assets	7 365 000	5 572 000	315 000	197 000
Total Retained Equity	−115 000	23 000	12 000	−11 000
Total Equity	−15 000	123 000	112 000	89 000
Total Long-Term Debt	6 763 000	4 000 000	98 000	45 000
Total Current Debt	617 000	1 449 000	106 000	63 000
Total Equity and Debt	7 365 000	5 572 000	315 000	197 000

Cash flow (NOK)	2022	2021	2020
Sales Income	129 000	30 000	88 000
Other Income	0	0	0
Revenue	129 000	30 000	88 000
Cost of Goods Sold	0	0	1 000
Salary Costs	0	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	228 000	19 000	90 000
Operating Profit	−99 000	11 000	−2 000
Financial Income	854 000	0	0
Financial Costs	892 000	0	0
Financial Balance	−38 000	0	0
Dividends	0	0	0
Net Income	−138 000	9 000	0

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 449 000	1 449 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 449 000	1 449 000	0	0
Total Fiancial Fixed Assets	0	0	99 000	99 000
Total Fixed Assets	1 449 000	1 449 000	99 000	99 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	75 000	23 000	106 000	97 000
Total Current Assets	5 916 000	4 123 000	216 000	97 000
Total Assets	7 365 000	5 572 000	315 000	197 000
Total Equity	−15 000	123 000	112 000	89 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 763 000	4 000 000	98 000	45 000
Creditors	0	0	99 000	61 000
Unpaid Taxes	0	0	7 000	0
Dividends	0	0	0	0
Other Current Debt	617 000	0	−1 000	0
Total Current Debt	617 000	1 449 000	106 000	63 000
Total Equity and Debt	7 365 000	5 572 000	315 000	197 000

Financial indicators	2022	2021	2020	2019
Return on Equity	920 %	7,32 %	0 %	0 %
Debt-to-Equity Ratio	−450,87	32,52	0,88	0,51
Operating Profit Margin	−76,74 %	36,67 %	−2,27 %	-
Current Ratio	9,59	2,85	2,04	1,54
Quick Ratio	9,59	2,85	2,04	1,54
Equity Ratio	−0	0,02	0,36	0,45
Gross Profit Margin	100 %	100 %	98,86 %	-