VELAND AUTO AS

1658 TORP

Finances

Share Ownership

Return on Equity

13,7 %

Current Ratio

6,72

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	117 732 000	102 853 000	88 942 000	75 620 000
Net Income	1 321 000	2 052 000	3 032 000	1 303 000
Total Assets	12 821 000	11 662 000	12 270 000	8 467 000
Total Equity	9 640 000	8 819 000	7 768 000	5 836 000

Income (NOK)	2022	2021	2020	2019
Revenue	117 732 000	102 853 000	88 942 000	75 620 000
Expenditure	115 993 000	100 177 000	85 015 000	73 868 000
Operating Profit	1 740 000	2 676 000	3 928 000	1 751 000
Financial Income	16 000	10 000	22 000	5 000
Financial Costs	57 000	49 000	62 000	83 000
Financial Balance	−41 000	−39 000	−40 000	−78 000
Earnings Before Tax	1 698 000	2 637 000	3 888 000	1 673 000
Tax	377 000	585 000	856 000	370 000
Net Income	1 321 000	2 052 000	3 032 000	1 303 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	246 000	307 000	215 000	262 000
Total Current Assets	12 575 000	11 355 000	12 055 000	8 205 000
Total Assets	12 821 000	11 662 000	12 270 000	8 467 000
Total Retained Equity	9 140 000	8 319 000	7 268 000	5 336 000
Total Equity	9 640 000	8 819 000	7 768 000	5 836 000
Total Long-Term Debt	1 309 000	780 000	1 116 000	1 316 000
Total Current Debt	1 871 000	2 063 000	3 386 000	1 315 000
Total Equity and Debt	12 821 000	11 662 000	12 270 000	8 467 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	116 531 000	101 763 000	87 711 000	74 455 000
Other Income	1 202 000	1 090 000	1 231 000	1 164 000
Revenue	117 732 000	102 853 000	88 942 000	75 620 000
Cost of Goods Sold	109 773 000	95 192 000	80 758 000	69 893 000
Salary Costs	2 844 000	2 621 000	2 241 000	1 911 000
Depreciation	82 000	57 000	47 000	28 000
Impairment	0	0	0	0
Expenditure	115 993 000	100 177 000	85 015 000	73 868 000
Operating Profit	1 740 000	2 676 000	3 928 000	1 751 000
Financial Income	16 000	10 000	22 000	5 000
Financial Costs	57 000	49 000	62 000	83 000
Financial Balance	−41 000	−39 000	−40 000	−78 000
Dividends	500 000	0	0	0
Net Income	1 321 000	2 052 000	3 032 000	1 303 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 000	1 000	2 000	1 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	243 000	306 000	213 000	260 000
Total Tangible Assets	243 000	306 000	213 000	260 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	246 000	307 000	215 000	262 000
Stock	10 090 000	10 033 000	9 202 000	5 997 000
Total Investments	0	0	0	0
Cash, Bank	75 000	148 000	1 080 000	817 000
Total Current Assets	12 575 000	11 355 000	12 055 000	8 205 000
Total Assets	12 821 000	11 662 000	12 270 000	8 467 000
Total Equity	9 640 000	8 819 000	7 768 000	5 836 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 309 000	780 000	1 116 000	1 316 000
Creditors	399 000	499 000	1 695 000	614 000
Unpaid Taxes	149 000	142 000	460 000	172 000
Dividends	500 000	0	0	0
Other Current Debt	879 000	837 000	374 000	158 000
Total Current Debt	1 871 000	2 063 000	3 386 000	1 315 000
Total Equity and Debt	12 821 000	11 662 000	12 270 000	8 467 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,7 %	23,27 %	39,03 %	22,33 %
Debt-to-Equity Ratio	0,14	0,09	0,14	0,23
Operating Profit Margin	1,48 %	2,6 %	4,42 %	2,32 %
Current Ratio	6,72	5,5	3,56	6,24
Quick Ratio	−1,53	−1,42	−2,07	−1,75
Equity Ratio	0,75	0,76	0,63	0,69
Gross Profit Margin	6,76 %	7,45 %	9,2 %	7,57 %