VELMA AS

4275 SÆVELANDSVIK

Finances

Share Ownership

Return on Equity

10,98 %

Current Ratio

4,26

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	28 894 000	18 377 000	19 358 000	13 012 000
Net Income	895 000	635 000	799 000	651 000
Total Assets	10 627 000	8 489 000	9 392 000	6 509 000
Total Equity	8 148 000	7 253 000	6 618 000	5 819 000

Income (NOK)	2022	2021	2020	2019
Revenue	28 894 000	18 377 000	19 358 000	13 012 000
Expenditure	27 754 000	17 558 000	18 330 000	12 187 000
Operating Profit	1 140 000	818 000	1 027 000	825 000
Financial Income	15 000	3 000	10 000	12 000
Financial Costs	8 000	7 000	3 000	3 000
Financial Balance	7 000	−4 000	7 000	9 000
Earnings Before Tax	1 148 000	814 000	1 034 000	834 000
Tax	252 000	179 000	236 000	183 000
Net Income	895 000	635 000	799 000	651 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	58 000	112 000	119 000	132 000
Total Current Assets	10 569 000	8 377 000	9 273 000	6 377 000
Total Assets	10 627 000	8 489 000	9 392 000	6 509 000
Total Retained Equity	7 748 000	6 853 000	6 218 000	5 419 000
Total Equity	8 148 000	7 253 000	6 618 000	5 819 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 479 000	1 236 000	2 774 000	690 000
Total Equity and Debt	10 627 000	8 489 000	9 392 000	6 509 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	28 894 000	18 377 000	19 358 000	13 012 000
Other Income	0	0	0	0
Revenue	28 894 000	18 377 000	19 358 000	13 012 000
Cost of Goods Sold	25 052 000	15 403 000	16 029 000	10 245 000
Salary Costs	1 571 000	1 465 000	1 472 000	1 218 000
Depreciation	37 000	39 000	40 000	39 000
Impairment	0	0	0	0
Expenditure	27 754 000	17 558 000	18 330 000	12 187 000
Operating Profit	1 140 000	818 000	1 027 000	825 000
Financial Income	15 000	3 000	10 000	12 000
Financial Costs	8 000	7 000	3 000	3 000
Financial Balance	7 000	−4 000	7 000	9 000
Dividends	0	0	0	0
Net Income	895 000	635 000	799 000	651 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 000	22 000	21 000	43 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	15 000
Fixtures	53 000	90 000	98 000	74 000
Total Tangible Assets	53 000	90 000	98 000	89 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	58 000	112 000	119 000	132 000
Stock	3 463 000	3 722 000	3 395 000	2 896 000
Total Investments	0	0	0	0
Cash, Bank	396 000	1 063 000	391 000	1 060 000
Total Current Assets	10 569 000	8 377 000	9 273 000	6 377 000
Total Assets	10 627 000	8 489 000	9 392 000	6 509 000
Total Equity	8 148 000	7 253 000	6 618 000	5 819 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	950 000	627 000	2 167 000	0
Unpaid Taxes	605 000	264 000	118 000	295 000
Dividends	0	0	0	0
Other Current Debt	689 000	165 000	275 000	164 000
Total Current Debt	2 479 000	1 236 000	2 774 000	690 000
Total Equity and Debt	10 627 000	8 489 000	9 392 000	6 509 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,98 %	8,75 %	12,07 %	11,19 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,95 %	4,45 %	5,31 %	6,34 %
Current Ratio	4,26	6,78	3,34	9,24
Quick Ratio	−10,74	−3,37	−14,93	−2,89
Equity Ratio	0,77	0,85	0,7	0,89
Gross Profit Margin	13,3 %	16,18 %	17,2 %	21,26 %