VELOCITAS AS

3961 STATHELLE

Finances

Return on Equity

49,23 %

Current Ratio

35,07

Debt-to-Equity Ratio

−3,85

Key figures (NOK)	2022	2021	2020	2019
Revenue	64 000	36 000	678 000	128 000
Net Income	−128 000	−89 000	5 000	72 000
Total Assets	755 000	920 000	1 497 000	998 000
Total Equity	−260 000	−132 000	−43 000	−48 000

Income (NOK)	2022	2021	2020	2019
Revenue	64 000	36 000	678 000	128 000
Expenditure	191 000	123 000	669 000	54 000
Operating Profit	−127 000	−87 000	8 000	74 000
Financial Income	0	0	0	1 000
Financial Costs	2 000	2 000	3 000	3 000
Financial Balance	−2 000	−2 000	−3 000	−2 000
Earnings Before Tax	−128 000	−89 000	5 000	72 000
Tax	0	0	0	0
Net Income	−128 000	−89 000	5 000	72 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	229 000	242 000	255 000	217 000
Total Current Assets	526 000	678 000	1 242 000	782 000
Total Assets	755 000	920 000	1 497 000	998 000
Total Retained Equity	−360 000	−232 000	−143 000	−148 000
Total Equity	−260 000	−132 000	−43 000	−48 000
Total Long-Term Debt	1 000 000	1 000 000	1 000 000	1 000 000
Total Current Debt	15 000	52 000	540 000	47 000
Total Equity and Debt	755 000	920 000	1 497 000	998 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	64 000	36 000	678 000	128 000
Other Income	0	0	0	0
Revenue	64 000	36 000	678 000	128 000
Cost of Goods Sold	68 000	20 000	172 000	39 000
Salary Costs	0	0	383 000	0
Depreciation	13 000	13 000	1 000	0
Impairment	0	0	0	0
Expenditure	191 000	123 000	669 000	54 000
Operating Profit	−127 000	−87 000	8 000	74 000
Financial Income	0	0	0	1 000
Financial Costs	2 000	2 000	3 000	3 000
Financial Balance	−2 000	−2 000	−3 000	−2 000
Dividends	0	0	0	0
Net Income	−128 000	−89 000	5 000	72 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	12 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	25 000	38 000	0
Total Tangible Assets	0	25 000	38 000	0
Total Fiancial Fixed Assets	217 000	217 000	217 000	217 000
Total Fixed Assets	229 000	242 000	255 000	217 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	105 000	66 000	619 000	109 000
Total Current Assets	526 000	678 000	1 242 000	782 000
Total Assets	755 000	920 000	1 497 000	998 000
Total Equity	−260 000	−132 000	−43 000	−48 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000 000	1 000 000	1 000 000	1 000 000
Creditors	2 000	−2 000	26 000	2 000
Unpaid Taxes	0	4 000	112 000	19 000
Dividends	0	0	0	0
Other Current Debt	13 000	50 000	403 000	26 000
Total Current Debt	15 000	52 000	540 000	47 000
Total Equity and Debt	755 000	920 000	1 497 000	998 000

Financial indicators	2022	2021	2020	2019
Return on Equity	49,23 %	67,42 %	−11,63 %	−150 %
Debt-to-Equity Ratio	−3,85	−7,58	−23,26	−20,83
Operating Profit Margin	−198,44 %	−241,67 %	1,18 %	57,81 %
Current Ratio	35,07	13,04	2,3	16,64
Quick Ratio	35,07	13,04	2,3	16,64
Equity Ratio	−0,34	−0,14	−0,03	−0,05
Gross Profit Margin	−6,25 %	44,44 %	74,63 %	69,53 %