WEX HOTELS AS

1607 FREDRIKSTAD

Finances

Share Ownership

Return on Equity

18,04 %

Current Ratio

0,14

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 671 000	8 941 000	5 578 000	702 000
Net Income	−1 354 000	−1 710 000	−4 496 000	−2 026 000
Total Assets	2 274 000	2 314 000	2 241 000	2 222 000
Total Equity	−7 507 000	−6 153 000	−4 443 000	−1 996 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 671 000	8 941 000	5 578 000	702 000
Expenditure	12 041 000	10 656 000	10 050 000	2 717 000
Operating Profit	−1 369 000	−1 715 000	−4 472 000	−2 015 000
Financial Income	16 000	6 000	3 000	0
Financial Costs	0	1 000	26 000	10 000
Financial Balance	16 000	5 000	−23 000	−10 000
Earnings Before Tax	−1 354 000	−1 710 000	−4 496 000	−2 026 000
Tax	0	0	0	0
Net Income	−1 354 000	−1 710 000	−4 496 000	−2 026 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	952 000	1 340 000	1 361 000	1 562 000
Total Current Assets	1 322 000	974 000	880 000	660 000
Total Assets	2 274 000	2 314 000	2 241 000	2 222 000
Total Retained Equity	−7 807 000	−8 232 000	−6 521 000	−2 026 000
Total Equity	−7 507 000	−6 153 000	−4 443 000	−1 996 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	9 781 000	8 467 000	6 684 000	4 218 000
Total Equity and Debt	2 274 000	2 314 000	2 241 000	2 222 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 638 000	8 831 000	5 525 000	702 000
Other Income	34 000	110 000	53 000	0
Revenue	10 671 000	8 941 000	5 578 000	702 000
Cost of Goods Sold	36 000	7 000	8 000	1 000
Salary Costs	1 887 000	1 480 000	1 106 000	424 000
Depreciation	520 000	454 000	378 000	0
Impairment	0	0	0	0
Expenditure	12 041 000	10 656 000	10 050 000	2 717 000
Operating Profit	−1 369 000	−1 715 000	−4 472 000	−2 015 000
Financial Income	16 000	6 000	3 000	0
Financial Costs	0	1 000	26 000	10 000
Financial Balance	16 000	5 000	−23 000	−10 000
Dividends	0	0	0	0
Net Income	−1 354 000	−1 710 000	−4 496 000	−2 026 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	73 000	223 000	219 000	349 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	879 000	1 117 000	1 143 000	1 212 000
Total Tangible Assets	879 000	1 117 000	1 143 000	1 212 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	952 000	1 340 000	1 361 000	1 562 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	348 000	154 000	227 000	91 000
Total Current Assets	1 322 000	974 000	880 000	660 000
Total Assets	2 274 000	2 314 000	2 241 000	2 222 000
Total Equity	−7 507 000	−6 153 000	−4 443 000	−1 996 000
Short-Term Group Debt	0	0	0	1 734 000
Total Long-Term Debt	0	0	0	0
Creditors	9 354 000	7 825 000	5 782 000	2 173 000
Unpaid Taxes	125 000	92 000	74 000	48 000
Dividends	0	0	0	0
Other Current Debt	301 000	550 000	827 000	263 000
Total Current Debt	9 781 000	8 467 000	6 684 000	4 218 000
Total Equity and Debt	2 274 000	2 314 000	2 241 000	2 222 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,04 %	27,79 %	101,19 %	101,5 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	−12,83 %	−19,18 %	−80,17 %	−287,04 %
Current Ratio	0,14	0,12	0,13	0,16
Quick Ratio	0,14	0,12	0,13	0,16
Equity Ratio	−3,3	−2,66	−1,98	−0,9
Gross Profit Margin	99,66 %	99,92 %	99,86 %	99,86 %