VELA IT AS

1254 OSLO

Finances

Share Ownership

Return on Equity

9,09 %

Current Ratio

1,27

Debt-to-Equity Ratio

2,97

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 217 000	6 115 000	2 754 000	3 893 000
Net Income	31 000	239 000	6 000	306 000
Total Assets	2 850 000	2 627 000	1 766 000	1 056 000
Total Equity	341 000	310 000	71 000	65 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 217 000	6 115 000	2 754 000	3 893 000
Expenditure	4 133 000	5 801 000	2 737 000	3 575 000
Operating Profit	83 000	316 000	17 000	317 000
Financial Income	0	1 000	0	0
Financial Costs	48 000	23 000	8 000	6 000
Financial Balance	−48 000	−22 000	−8 000	−6 000
Earnings Before Tax	35 000	293 000	9 000	311 000
Tax	4 000	54 000	3 000	5 000
Net Income	31 000	239 000	6 000	306 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	950 000	897 000	505 000	70 000
Total Current Assets	1 900 000	1 730 000	1 261 000	986 000
Total Assets	2 850 000	2 627 000	1 766 000	1 056 000
Total Retained Equity	241 000	210 000	−29 000	−35 000
Total Equity	341 000	310 000	71 000	65 000
Total Long-Term Debt	1 012 000	929 000	500 000	37 000
Total Current Debt	1 498 000	1 388 000	1 196 000	954 000
Total Equity and Debt	2 850 000	2 627 000	1 766 000	1 056 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 217 000	6 048 000	2 731 000	3 893 000
Other Income	0	67 000	23 000	0
Revenue	4 217 000	6 115 000	2 754 000	3 893 000
Cost of Goods Sold	1 499 000	2 160 000	992 000	2 068 000
Salary Costs	2 031 000	2 765 000	1 301 000	1 085 000
Depreciation	199 000	156 000	64 000	17 000
Impairment	0	0	0	0
Expenditure	4 133 000	5 801 000	2 737 000	3 575 000
Operating Profit	83 000	316 000	17 000	317 000
Financial Income	0	1 000	0	0
Financial Costs	48 000	23 000	8 000	6 000
Financial Balance	−48 000	−22 000	−8 000	−6 000
Dividends	0	0	0	0
Net Income	31 000	239 000	6 000	306 000

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	950 000	897 000	505 000	70 000
Total Tangible Assets	950 000	897 000	505 000	70 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	950 000	897 000	505 000	70 000
Stock	134 000	55 000	429 000	64 000
Total Investments	0	0	0	0
Cash, Bank	221 000	190 000	406 000	286 000
Total Current Assets	1 900 000	1 730 000	1 261 000	986 000
Total Assets	2 850 000	2 627 000	1 766 000	1 056 000
Total Equity	341 000	310 000	71 000	65 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 012 000	929 000	500 000	37 000
Creditors	262 000	160 000	131 000	91 000
Unpaid Taxes	424 000	386 000	304 000	231 000
Dividends	0	0	0	0
Other Current Debt	808 000	788 000	758 000	627 000
Total Current Debt	1 498 000	1 388 000	1 196 000	954 000
Total Equity and Debt	2 850 000	2 627 000	1 766 000	1 056 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,09 %	77,1 %	8,45 %	470,77 %
Debt-to-Equity Ratio	2,97	3	7,04	0,57
Operating Profit Margin	1,97 %	5,17 %	0,62 %	8,14 %
Current Ratio	1,27	1,25	1,05	1,03
Quick Ratio	1,39	1,3	1,64	1,11
Equity Ratio	0,12	0,12	0,04	0,06
Gross Profit Margin	64,45 %	64,68 %	63,98 %	46,88 %