VELOCITER AS

1341 SLEPENDEN

Finances

Share Ownership

Return on Equity

−27,01 %

Current Ratio

3,43

Debt-to-Equity Ratio

0,65

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 411 000	1 568 000	1 746 000	1 249 000
Net Income	−101 000	123 000	440 000	129 000
Total Assets	851 000	1 298 000	1 444 000	1 372 000
Total Equity	374 000	661 000	643 000	203 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 411 000	1 568 000	1 746 000	1 249 000
Expenditure	1 504 000	1 379 000	1 224 000	1 141 000
Operating Profit	−93 000	190 000	522 000	108 000
Financial Income	0	0	0	0
Financial Costs	5 000	2 000	3 000	4 000
Financial Balance	−5 000	−2 000	−3 000	−4 000
Earnings Before Tax	−97 000	188 000	519 000	104 000
Tax	4 000	64 000	79 000	−26 000
Net Income	−101 000	123 000	440 000	129 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	46 000	200 000	354 000	495 000
Total Current Assets	806 000	1 098 000	1 090 000	877 000
Total Assets	851 000	1 298 000	1 444 000	1 372 000
Total Retained Equity	274 000	561 000	543 000	103 000
Total Equity	374 000	661 000	643 000	203 000
Total Long-Term Debt	242 000	320 000	400 000	478 000
Total Current Debt	235 000	317 000	402 000	692 000
Total Equity and Debt	851 000	1 298 000	1 444 000	1 372 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 411 000	1 568 000	1 746 000	1 249 000
Other Income	0	0	0	0
Revenue	1 411 000	1 568 000	1 746 000	1 249 000
Cost of Goods Sold	24 000	33 000	16 000	15 000
Salary Costs	1 038 000	929 000	818 000	736 000
Depreciation	176 000	173 000	169 000	163 000
Impairment	0	0	0	0
Expenditure	1 504 000	1 379 000	1 224 000	1 141 000
Operating Profit	−93 000	190 000	522 000	108 000
Financial Income	0	0	0	0
Financial Costs	5 000	2 000	3 000	4 000
Financial Balance	−5 000	−2 000	−3 000	−4 000
Dividends	185 000	106 000	0	0
Net Income	−101 000	123 000	440 000	129 000

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	46 000	200 000	354 000	495 000
Total Tangible Assets	46 000	200 000	354 000	495 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	46 000	200 000	354 000	495 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	453 000	592 000	410 000	177 000
Total Current Assets	806 000	1 098 000	1 090 000	877 000
Total Assets	851 000	1 298 000	1 444 000	1 372 000
Total Equity	374 000	661 000	643 000	203 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	242 000	320 000	400 000	478 000
Creditors	28 000	2 000	2 000	6 000
Unpaid Taxes	83 000	133 000	249 000	306 000
Dividends	185 000	106 000	0	0
Other Current Debt	120 000	118 000	72 000	380 000
Total Current Debt	235 000	317 000	402 000	692 000
Total Equity and Debt	851 000	1 298 000	1 444 000	1 372 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−27,01 %	18,61 %	68,43 %	63,55 %
Debt-to-Equity Ratio	0,65	0,48	0,62	2,35
Operating Profit Margin	−6,59 %	12,12 %	29,9 %	8,65 %
Current Ratio	3,43	3,46	2,71	1,27
Quick Ratio	3,43	3,46	2,71	1,27
Equity Ratio	0,44	0,51	0,45	0,15
Gross Profit Margin	98,3 %	97,9 %	99,08 %	98,8 %