WELL MACHINING AS

5954 MONGSTAD

Finances

Share Ownership

Return on Equity

−0,25 %

Current Ratio

2,48

Debt-to-Equity Ratio

Key figures (NOK)	2021	2020	2019	2018
Revenue	3 499 000	5 541 000	7 081 000	3 316 000
Net Income	−9 000	137 000	46 000	563 000
Total Assets	5 782 000	6 492 000	6 250 000	7 776 000
Total Equity	3 650 000	3 678 000	3 541 000	3 495 000

Income (NOK)	2021	2020	2019	2018
Revenue	3 499 000	5 541 000	7 081 000	3 316 000
Expenditure	3 503 000	5 398 000	7 046 000	3 183 000
Operating Profit	−4 000	142 000	35 000	133 000
Financial Income	0	0	13 000	1 000
Financial Costs	0	5 000	1 000	75 000
Financial Balance	0	−5 000	12 000	−74 000
Earnings Before Tax	−4 000	137 000	46 000	59 000
Tax	5 000	0	0	−505 000
Net Income	−9 000	137 000	46 000	563 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	503 000	715 000	828 000	168 000
Total Current Assets	5 279 000	5 776 000	5 422 000	7 608 000
Total Assets	5 782 000	6 492 000	6 250 000	7 776 000
Total Retained Equity	718 000	746 000	609 000	563 000
Total Equity	3 650 000	3 678 000	3 541 000	3 495 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 132 000	2 813 000	2 708 000	4 281 000
Total Equity and Debt	5 782 000	6 492 000	6 250 000	7 776 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	3 499 000	5 541 000	7 081 000	3 316 000
Other Income	0	0	0	0
Revenue	3 499 000	5 541 000	7 081 000	3 316 000
Cost of Goods Sold	1 924 000	2 628 000	4 306 000	2 180 000
Salary Costs	851 000	1 054 000	1 051 000	0
Depreciation	212 000	201 000	95 000	22 000
Impairment	0	0	0	0
Expenditure	3 503 000	5 398 000	7 046 000	3 183 000
Operating Profit	−4 000	142 000	35 000	133 000
Financial Income	0	0	13 000	1 000
Financial Costs	0	5 000	1 000	75 000
Financial Balance	0	−5 000	12 000	−74 000
Dividends	0	0	0	0
Net Income	−9 000	137 000	46 000	563 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	503 000	715 000	828 000	168 000
Fixtures	0	0	0	0
Total Tangible Assets	503 000	715 000	828 000	168 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	503 000	715 000	828 000	168 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	37 000	44 000	49 000	210 000
Total Current Assets	5 279 000	5 776 000	5 422 000	7 608 000
Total Assets	5 782 000	6 492 000	6 250 000	7 776 000
Total Equity	3 650 000	3 678 000	3 541 000	3 495 000
Short-Term Group Debt	1 823 000	2 308 000	2 113 000	2 434 000
Total Long-Term Debt	0	0	0	0
Creditors	44 000	316 000	319 000	1 847 000
Unpaid Taxes	69 000	81 000	81 000	0
Dividends	0	0	0	0
Other Current Debt	195 000	109 000	196 000	0
Total Current Debt	2 132 000	2 813 000	2 708 000	4 281 000
Total Equity and Debt	5 782 000	6 492 000	6 250 000	7 776 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−0,25 %	3,72 %	1,3 %	16,11 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−0,11 %	2,56 %	0,49 %	4,01 %
Current Ratio	2,48	2,05	2	1,78
Quick Ratio	2,48	2,05	2	1,78
Equity Ratio	0,63	0,57	0,57	0,45
Gross Profit Margin	45,01 %	52,57 %	39,19 %	34,26 %