WATEC SOLUTIONS AS

2000 LILLESTRØM

Finances

Share Ownership

Return on Equity

47,71 %

Current Ratio

1,3

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 859 000	3 363 000	2 537 000	3 480 000
Net Income	614 000	−269 000	−875 000	381 000
Total Assets	2 871 000	2 253 000	1 669 000	2 738 000
Total Equity	1 287 000	673 000	442 000	1 317 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 859 000	3 363 000	2 537 000	3 480 000
Expenditure	4 212 000	3 605 000	3 413 000	3 099 000
Operating Profit	648 000	−241 000	−875 000	381 000
Financial Income	1 000	0	0	1 000
Financial Costs	35 000	28 000	0	1 000
Financial Balance	−34 000	−28 000	0	0
Earnings Before Tax	614 000	−269 000	−875 000	381 000
Tax	0	0	0	0
Net Income	614 000	−269 000	−875 000	381 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	952 000	548 000	442 000	284 000
Total Current Assets	1 920 000	1 705 000	1 227 000	2 454 000
Total Assets	2 871 000	2 253 000	1 669 000	2 738 000
Total Retained Equity	−113 000	−727 000	−458 000	417 000
Total Equity	1 287 000	673 000	442 000	1 317 000
Total Long-Term Debt	106 000	886 000	750 000	750 000
Total Current Debt	1 478 000	694 000	477 000	671 000
Total Equity and Debt	2 871 000	2 253 000	1 669 000	2 738 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 859 000	3 363 000	2 367 000	3 480 000
Other Income	0	0	170 000	0
Revenue	4 859 000	3 363 000	2 537 000	3 480 000
Cost of Goods Sold	20 000	21 000	136 000	280 000
Salary Costs	3 006 000	2 616 000	2 186 000	1 815 000
Depreciation	93 000	89 000	84 000	69 000
Impairment	0	0	0	0
Expenditure	4 212 000	3 605 000	3 413 000	3 099 000
Operating Profit	648 000	−241 000	−875 000	381 000
Financial Income	1 000	0	0	1 000
Financial Costs	35 000	28 000	0	1 000
Financial Balance	−34 000	−28 000	0	0
Dividends	0	0	0	0
Net Income	614 000	−269 000	−875 000	381 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	48 000	48 000	48 000	48 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	147 000	240 000	119 000	203 000
Total Tangible Assets	147 000	240 000	119 000	203 000
Total Fiancial Fixed Assets	757 000	260 000	275 000	33 000
Total Fixed Assets	952 000	548 000	442 000	284 000
Stock	79 000	99 000	120 000	117 000
Total Investments	0	0	0	0
Cash, Bank	1 250 000	351 000	281 000	1 557 000
Total Current Assets	1 920 000	1 705 000	1 227 000	2 454 000
Total Assets	2 871 000	2 253 000	1 669 000	2 738 000
Total Equity	1 287 000	673 000	442 000	1 317 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	106 000	886 000	750 000	750 000
Creditors	70 000	28 000	55 000	200 000
Unpaid Taxes	382 000	454 000	215 000	320 000
Dividends	0	0	0	0
Other Current Debt	1 026 000	213 000	206 000	150 000
Total Current Debt	1 478 000	694 000	477 000	671 000
Total Equity and Debt	2 871 000	2 253 000	1 669 000	2 738 000

Financial indicators	2022	2021	2020	2019
Return on Equity	47,71 %	−39,97 %	−197,96 %	28,93 %
Debt-to-Equity Ratio	0,08	1,32	1,7	0,57
Operating Profit Margin	13,34 %	−7,17 %	−34,49 %	10,95 %
Current Ratio	1,3	2,46	2,57	3,66
Quick Ratio	1,37	2,87	3,44	4,43
Equity Ratio	0,45	0,3	0,26	0,48
Gross Profit Margin	99,59 %	99,38 %	94,64 %	91,95 %