VELVÆREREISER AS

1337 SANDVIKA

Finances

Share Ownership

Return on Equity

−1 115,98 %

Current Ratio

1,03

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	23 656 000	6 250 000	8 495 000	28 006 000
Net Income	−2 165 000	169 000	880 000	164 000
Total Assets	3 379 000	4 234 000	3 289 000	4 557 000
Total Equity	194 000	2 359 000	2 228 000	1 365 000

Income (NOK)	2022	2021	2020	2019
Revenue	23 656 000	6 250 000	8 495 000	28 006 000
Expenditure	25 848 000	6 025 000	7 372 000	27 755 000
Operating Profit	−2 192 000	225 000	1 123 000	251 000
Financial Income	122 000	2 000	8 000	18 000
Financial Costs	98 000	12 000	3 000	58 000
Financial Balance	24 000	−10 000	5 000	−40 000
Earnings Before Tax	−2 168 000	216 000	1 128 000	211 000
Tax	−3 000	48 000	248 000	47 000
Net Income	−2 165 000	169 000	880 000	164 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	107 000	54 000	0	2 000
Total Current Assets	3 271 000	4 180 000	3 289 000	4 555 000
Total Assets	3 379 000	4 234 000	3 289 000	4 557 000
Total Retained Equity	−306 000	1 859 000	1 728 000	865 000
Total Equity	194 000	2 359 000	2 228 000	1 365 000
Total Long-Term Debt	0	3 000	0	0
Total Current Debt	3 185 000	1 872 000	1 060 000	3 192 000
Total Equity and Debt	3 379 000	4 234 000	3 289 000	4 557 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 528 000	2 396 000	6 762 000	27 857 000
Other Income	3 128 000	3 854 000	1 733 000	150 000
Revenue	23 656 000	6 250 000	8 495 000	28 006 000
Cost of Goods Sold	16 879 000	2 226 000	4 543 000	23 102 000
Salary Costs	3 874 000	2 220 000	1 534 000	2 994 000
Depreciation	38 000	3 000	0	0
Impairment	0	0	0	0
Expenditure	25 848 000	6 025 000	7 372 000	27 755 000
Operating Profit	−2 192 000	225 000	1 123 000	251 000
Financial Income	122 000	2 000	8 000	18 000
Financial Costs	98 000	12 000	3 000	58 000
Financial Balance	24 000	−10 000	5 000	−40 000
Dividends	0	0	0	0
Net Income	−2 165 000	169 000	880 000	164 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	107 000	54 000	0	0
Total Tangible Assets	107 000	54 000	0	0
Total Fiancial Fixed Assets	0	0	0	2 000
Total Fixed Assets	107 000	54 000	0	2 000
Stock	0	74 000	0	0
Total Investments	0	0	0	0
Cash, Bank	1 431 000	2 393 000	1 316 000	2 989 000
Total Current Assets	3 271 000	4 180 000	3 289 000	4 555 000
Total Assets	3 379 000	4 234 000	3 289 000	4 557 000
Total Equity	194 000	2 359 000	2 228 000	1 365 000
Short-Term Group Debt	0	49 000	0	0
Total Long-Term Debt	0	3 000	0	0
Creditors	1 336 000	549 000	15 000	348 000
Unpaid Taxes	227 000	221 000	55 000	184 000
Dividends	0	0	0	0
Other Current Debt	1 621 000	1 020 000	747 000	2 614 000
Total Current Debt	3 185 000	1 872 000	1 060 000	3 192 000
Total Equity and Debt	3 379 000	4 234 000	3 289 000	4 557 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1 115,98 %	7,16 %	39,5 %	12,01 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−9,27 %	3,6 %	13,22 %	0,9 %
Current Ratio	1,03	2,23	3,1	1,43
Quick Ratio	1,03	2,32	3,1	1,43
Equity Ratio	0,06	0,56	0,68	0,3
Gross Profit Margin	28,65 %	64,38 %	46,52 %	17,51 %