VELVÆRE GROSSISTEN AS

4070 RANDABERG

Finances

Return on Equity

8,19 %

Current Ratio

1,02

Debt-to-Equity Ratio

0,34

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 565 000	10 564 000	12 295 000	22 075 000
Net Income	433 000	−169 000	−473 000	703 000
Total Assets	10 396 000	11 545 000	14 313 000	17 084 000
Total Equity	5 284 000	5 264 000	5 433 000	5 906 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 565 000	10 564 000	12 295 000	22 075 000
Expenditure	6 179 000	4 962 000	6 926 000	9 652 000
Operating Profit	740 000	1 554 000	−388 000	1 312 000
Financial Income	1 000	0	0	140 000
Financial Costs	176 000	1 421 000	217 000	517 000
Financial Balance	−175 000	−1 421 000	−217 000	−377 000
Earnings Before Tax	565 000	133 000	−605 000	935 000
Tax	133 000	302 000	−132 000	232 000
Net Income	433 000	−169 000	−473 000	703 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 002 000	7 083 000	8 642 000	8 530 000
Total Current Assets	3 393 000	4 462 000	5 671 000	8 554 000
Total Assets	10 396 000	11 545 000	14 313 000	17 084 000
Total Retained Equity	5 184 000	5 164 000	5 333 000	5 806 000
Total Equity	5 284 000	5 264 000	5 433 000	5 906 000
Total Long-Term Debt	1 791 000	3 460 000	6 103 000	4 493 000
Total Current Debt	3 321 000	2 821 000	2 777 000	6 686 000
Total Equity and Debt	10 396 000	11 545 000	14 313 000	17 084 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 334 000	7 000 000	9 069 000	15 633 000
Other Income	4 231 000	3 564 000	3 227 000	6 442 000
Revenue	10 565 000	10 564 000	12 295 000	22 075 000
Cost of Goods Sold	0	0	0	0
Salary Costs	3 517 000	2 736 000	3 268 000	6 020 000
Depreciation	160 000	181 000	311 000	162 000
Impairment	0	0	0	0
Expenditure	6 179 000	4 962 000	6 926 000	9 652 000
Operating Profit	740 000	1 554 000	−388 000	1 312 000
Financial Income	1 000	0	0	140 000
Financial Costs	176 000	1 421 000	217 000	517 000
Financial Balance	−175 000	−1 421 000	−217 000	−377 000
Dividends	0	0	0	0
Net Income	433 000	−169 000	−473 000	703 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	148 000	164 000	319 000	187 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	109 000	158 000	222 000	97 000
Total Tangible Assets	109 000	158 000	396 000	340 000
Total Fiancial Fixed Assets	6 745 000	6 761 000	7 927 000	8 003 000
Total Fixed Assets	7 002 000	7 083 000	8 642 000	8 530 000
Stock	1 891 000	2 258 000	3 765 000	5 293 000
Total Investments	0	0	0	0
Cash, Bank	129 000	82 000	191 000	257 000
Total Current Assets	3 393 000	4 462 000	5 671 000	8 554 000
Total Assets	10 396 000	11 545 000	14 313 000	17 084 000
Total Equity	5 284 000	5 264 000	5 433 000	5 906 000
Short-Term Group Debt	870 000	0	0	1 610 000
Total Long-Term Debt	1 791 000	3 460 000	6 103 000	4 493 000
Creditors	85 000	676 000	472 000	2 754 000
Unpaid Taxes	606 000	540 000	683 000	1 132 000
Dividends	0	0	0	0
Other Current Debt	408 000	940 000	1 623 000	550 000
Total Current Debt	3 321 000	2 821 000	2 777 000	6 686 000
Total Equity and Debt	10 396 000	11 545 000	14 313 000	17 084 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,19 %	−3,21 %	−8,71 %	11,9 %
Debt-to-Equity Ratio	0,34	0,66	1,12	0,76
Operating Profit Margin	7 %	14,71 %	−3,16 %	5,94 %
Current Ratio	1,02	1,58	2,04	1,28
Quick Ratio	2,37	7,93	−5,74	6,14
Equity Ratio	0,51	0,46	0,38	0,35
Gross Profit Margin	100 %	100 %	100 %	100 %