WE2 VELVÆRE AS

3019 DRAMMEN

Finances

Share Ownership

Return on Equity

61,57 %

Current Ratio

1,61

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	189 000	209 000	260 000	203 000
Net Income	149 000	120 000	−117 000	−122 000
Total Assets	390 000	203 000	463 000	455 000
Total Equity	242 000	93 000	−27 000	90 000

Income (NOK)	2022	2021	2020	2019
Revenue	189 000	209 000	260 000	203 000
Expenditure	−1 000	55 000	397 000	325 000
Operating Profit	191 000	154 000	−137 000	−121 000
Financial Income	0	0	0	0
Financial Costs	0	0	14 000	28 000
Financial Balance	0	0	−14 000	−28 000
Earnings Before Tax	191 000	154 000	−151 000	−149 000
Tax	42 000	34 000	−33 000	−27 000
Net Income	149 000	120 000	−117 000	−122 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	150 000	176 000	456 000	423 000
Total Current Assets	240 000	27 000	7 000	31 000
Total Assets	390 000	203 000	463 000	455 000
Total Retained Equity	−58 000	−207 000	−327 000	−210 000
Total Equity	242 000	93 000	−27 000	90 000
Total Long-Term Debt	0	0	0	333 000
Total Current Debt	149 000	110 000	490 000	31 000
Total Equity and Debt	390 000	203 000	463 000	455 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	189 000	209 000	260 000	185 000
Other Income	0	0	0	18 000
Revenue	189 000	209 000	260 000	203 000
Cost of Goods Sold	1 000	6 000	0	0
Salary Costs	0	−43 000	0	1 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	−1 000	55 000	397 000	325 000
Operating Profit	191 000	154 000	−137 000	−121 000
Financial Income	0	0	0	0
Financial Costs	0	0	14 000	28 000
Financial Balance	0	0	−14 000	−28 000
Dividends	0	0	0	0
Net Income	149 000	120 000	−117 000	−122 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	26 000	60 000	27 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	150 000	150 000	397 000	397 000
Total Fixed Assets	150 000	176 000	456 000	423 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	183 000	11 000	21 000	31 000
Total Current Assets	240 000	27 000	7 000	31 000
Total Assets	390 000	203 000	463 000	455 000
Total Equity	242 000	93 000	−27 000	90 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	333 000
Creditors	4 000	−14 000	0	0
Unpaid Taxes	43 000	21 000	5 000	5 000
Dividends	0	0	0	0
Other Current Debt	86 000	102 000	485 000	26 000
Total Current Debt	149 000	110 000	490 000	31 000
Total Equity and Debt	390 000	203 000	463 000	455 000

Financial indicators	2022	2021	2020	2019
Return on Equity	61,57 %	129,03 %	433,33 %	−135,56 %
Debt-to-Equity Ratio	0	0	−0	3,7
Operating Profit Margin	101,06 %	73,68 %	−52,69 %	−59,61 %
Current Ratio	1,61	0,25	0,01	1
Quick Ratio	1,61	0,25	0,01	1
Equity Ratio	0,62	0,46	−0,06	0,2
Gross Profit Margin	99,47 %	97,13 %	100 %	100 %