VELTEC AS

5954 MONGSTAD

Finances

Share Ownership

Return on Equity

21,99 %

Current Ratio

2,16

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	410 304 000	352 702 000	247 069 000	615 592 000
Net Income	18 354 000	18 440 000	429 000	10 012 000
Total Assets	156 775 000	165 666 000	94 318 000	151 462 000
Total Equity	83 468 000	65 114 000	46 674 000	46 246 000

Income (NOK)	2022	2021	2020	2019
Revenue	410 304 000	352 702 000	247 069 000	615 592 000
Expenditure	388 931 000	334 304 000	246 733 000	605 595 000
Operating Profit	21 372 000	18 398 000	336 000	9 998 000
Financial Income	354 000	159 000	136 000	23 000
Financial Costs	184 000	117 000	43 000	10 000
Financial Balance	170 000	42 000	93 000	13 000
Earnings Before Tax	21 541 000	18 440 000	429 000	10 012 000
Tax	3 187 000	0	0	0
Net Income	18 354 000	18 440 000	429 000	10 012 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	414 000	704 000	686 000	1 102 000
Total Current Assets	156 361 000	164 962 000	93 632 000	150 361 000
Total Assets	156 775 000	165 666 000	94 318 000	151 462 000
Total Retained Equity	76 068 000	57 714 000	39 274 000	38 845 000
Total Equity	83 468 000	65 114 000	46 674 000	46 246 000
Total Long-Term Debt	963 000	0	0	0
Total Current Debt	72 344 000	100 552 000	47 644 000	105 217 000
Total Equity and Debt	156 775 000	165 666 000	94 318 000	151 462 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	410 304 000	352 702 000	245 890 000	615 592 000
Other Income	0	0	1 179 000	0
Revenue	410 304 000	352 702 000	247 069 000	615 592 000
Cost of Goods Sold	235 669 000	209 967 000	132 185 000	468 732 000
Salary Costs	129 849 000	105 644 000	96 505 000	112 266 000
Depreciation	260 000	268 000	433 000	734 000
Impairment	0	0	0	0
Expenditure	388 931 000	334 304 000	246 733 000	605 595 000
Operating Profit	21 372 000	18 398 000	336 000	9 998 000
Financial Income	354 000	159 000	136 000	23 000
Financial Costs	184 000	117 000	43 000	10 000
Financial Balance	170 000	42 000	93 000	13 000
Dividends	0	0	0	0
Net Income	18 354 000	18 440 000	429 000	10 012 000

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	414 000	674 000	656 000	1 072 000
Total Tangible Assets	414 000	674 000	656 000	1 072 000
Total Fiancial Fixed Assets	0	30 000	30 000	30 000
Total Fixed Assets	414 000	704 000	686 000	1 102 000
Stock	2 069 000	2 022 000	2 343 000	2 380 000
Total Investments	0	0	0	0
Cash, Bank	41 080 000	52 494 000	46 929 000	73 187 000
Total Current Assets	156 361 000	164 962 000	93 632 000	150 361 000
Total Assets	156 775 000	165 666 000	94 318 000	151 462 000
Total Equity	83 468 000	65 114 000	46 674 000	46 246 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	963 000	0	0	0
Creditors	24 470 000	59 740 000	18 134 000	68 392 000
Unpaid Taxes	22 049 000	19 877 000	13 962 000	18 385 000
Dividends	0	0	0	0
Other Current Debt	23 600 000	20 935 000	15 547 000	18 439 000
Total Current Debt	72 344 000	100 552 000	47 644 000	105 217 000
Total Equity and Debt	156 775 000	165 666 000	94 318 000	151 462 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,99 %	28,32 %	0,92 %	21,65 %
Debt-to-Equity Ratio	0,01	0	0	0
Operating Profit Margin	5,21 %	5,22 %	0,14 %	1,62 %
Current Ratio	2,16	1,64	1,97	1,43
Quick Ratio	2,22	1,67	2,07	1,46
Equity Ratio	0,53	0,39	0,49	0,31
Gross Profit Margin	42,56 %	40,47 %	46,5 %	23,86 %