VELVET EIENDOM AS

1724 SARPSBORG

Finances

Share Ownership

Return on Equity

−10,91 %

Current Ratio

5,15

Debt-to-Equity Ratio

3,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	537 000	520 000	381 000	295 000
Net Income	−179 000	202 000	−162 000	−218 000
Total Assets	8 568 000	8 807 000	6 450 000	4 453 000
Total Equity	1 640 000	1 005 000	−897 000	−2 357 000

Income (NOK)	2022	2021	2020	2019
Revenue	537 000	520 000	381 000	295 000
Expenditure	486 000	390 000	649 000	299 000
Operating Profit	52 000	131 000	−268 000	−4 000
Financial Income	4 000	4 000	0	4 000
Financial Costs	464 000	413 000	352 000	218 000
Financial Balance	−460 000	−409 000	−352 000	−214 000
Earnings Before Tax	−408 000	−278 000	−620 000	−218 000
Tax	−229 000	−480 000	−458 000	0
Net Income	−179 000	202 000	−162 000	−218 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 196 000	4 282 000	4 367 000	4 453 000
Total Current Assets	4 372 000	4 525 000	2 083 000	0
Total Assets	8 568 000	8 807 000	6 450 000	4 453 000
Total Retained Equity	−2 790 000	−3 424 000	−3 626 000	−3 464 000
Total Equity	1 640 000	1 005 000	−897 000	−2 357 000
Total Long-Term Debt	6 079 000	7 414 000	6 959 000	6 772 000
Total Current Debt	849 000	388 000	388 000	39 000
Total Equity and Debt	8 568 000	8 807 000	6 450 000	4 453 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 000	21 000	0	0
Other Income	517 000	499 000	381 000	295 000
Revenue	537 000	520 000	381 000	295 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	86 000	86 000	86 000	86 000
Impairment	0	0	0	0
Expenditure	486 000	390 000	649 000	299 000
Operating Profit	52 000	131 000	−268 000	−4 000
Financial Income	4 000	4 000	0	4 000
Financial Costs	464 000	413 000	352 000	218 000
Financial Balance	−460 000	−409 000	−352 000	−214 000
Dividends	0	0	0	0
Net Income	−179 000	202 000	−162 000	−218 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 196 000	4 282 000	4 367 000	4 453 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	4 196 000	4 282 000	4 367 000	4 453 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 196 000	4 282 000	4 367 000	4 453 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 000	0	3 000	0
Total Current Assets	4 372 000	4 525 000	2 083 000	0
Total Assets	8 568 000	8 807 000	6 450 000	4 453 000
Total Equity	1 640 000	1 005 000	−897 000	−2 357 000
Short-Term Group Debt	448 000	0	0	0
Total Long-Term Debt	6 079 000	7 414 000	6 959 000	6 772 000
Creditors	362 000	359 000	351 000	20 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	39 000	29 000	37 000	18 000
Total Current Debt	849 000	388 000	388 000	39 000
Total Equity and Debt	8 568 000	8 807 000	6 450 000	4 453 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,91 %	20,1 %	18,06 %	9,25 %
Debt-to-Equity Ratio	3,71	7,38	−7,76	−2,87
Operating Profit Margin	9,68 %	25,19 %	−70,34 %	−1,36 %
Current Ratio	5,15	11,66	5,37	0
Quick Ratio	5,15	11,66	5,37	0
Equity Ratio	0,19	0,11	−0,14	−0,53
Gross Profit Margin	100 %	100 %	100 %	100 %