WESTERHEIM AS

3264 LARVIK

Finances

Return on Equity

−22 %

Current Ratio

5,49

Debt-to-Equity Ratio

0,58

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 476 000	5 150 000	7 374 000	14 936 000
Net Income	−2 196 000	249 000	756 000	906 000
Total Assets	16 774 000	19 276 000	14 834 000	15 342 000
Total Equity	9 983 000	12 179 000	11 930 000	11 174 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 476 000	5 150 000	7 374 000	14 936 000
Expenditure	7 478 000	4 799 000	6 437 000	13 820 000
Operating Profit	−2 002 000	351 000	937 000	1 116 000
Financial Income	12 000	11 000	37 000	50 000
Financial Costs	161 000	43 000	5 000	4 000
Financial Balance	−149 000	−32 000	32 000	46 000
Earnings Before Tax	−2 152 000	319 000	969 000	1 161 000
Tax	45 000	70 000	213 000	256 000
Net Income	−2 196 000	249 000	756 000	906 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 545 000	11 887 000	7 309 000	7 573 000
Total Current Assets	5 228 000	7 389 000	7 524 000	7 768 000
Total Assets	16 774 000	19 276 000	14 834 000	15 342 000
Total Retained Equity	9 358 000	11 554 000	11 305 000	10 549 000
Total Equity	9 983 000	12 179 000	11 930 000	11 174 000
Total Long-Term Debt	5 838 000	6 044 000	2 095 000	2 103 000
Total Current Debt	952 000	1 053 000	809 000	2 065 000
Total Equity and Debt	16 774 000	19 276 000	14 834 000	15 342 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 179 000	3 922 000	6 002 000	13 497 000
Other Income	1 297 000	1 228 000	1 372 000	1 440 000
Revenue	5 476 000	5 150 000	7 374 000	14 936 000
Cost of Goods Sold	3 587 000	3 570 000	4 797 000	12 105 000
Salary Costs	231 000	226 000	668 000	508 000
Depreciation	341 000	290 000	264 000	221 000
Impairment	0	0	0	0
Expenditure	7 478 000	4 799 000	6 437 000	13 820 000
Operating Profit	−2 002 000	351 000	937 000	1 116 000
Financial Income	12 000	11 000	37 000	50 000
Financial Costs	161 000	43 000	5 000	4 000
Financial Balance	−149 000	−32 000	32 000	46 000
Dividends	0	0	0	0
Net Income	−2 196 000	249 000	756 000	906 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	10 505 000	10 797 000	7 170 000	7 385 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	41 000	90 000	139 000	188 000
Total Tangible Assets	10 545 000	10 887 000	7 309 000	7 573 000
Total Fiancial Fixed Assets	1 000 000	1 000 000	0	0
Total Fixed Assets	11 545 000	11 887 000	7 309 000	7 573 000
Stock	2 277 000	1 959 000	1 463 000	1 151 000
Total Investments	0	0	0	0
Cash, Bank	2 005 000	2 232 000	4 368 000	5 120 000
Total Current Assets	5 228 000	7 389 000	7 524 000	7 768 000
Total Assets	16 774 000	19 276 000	14 834 000	15 342 000
Total Equity	9 983 000	12 179 000	11 930 000	11 174 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 838 000	6 044 000	2 095 000	2 103 000
Creditors	460 000	375 000	243 000	933 000
Unpaid Taxes	206 000	383 000	166 000	625 000
Dividends	0	0	0	0
Other Current Debt	237 000	224 000	179 000	256 000
Total Current Debt	952 000	1 053 000	809 000	2 065 000
Total Equity and Debt	16 774 000	19 276 000	14 834 000	15 342 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−22 %	2,04 %	6,34 %	8,11 %
Debt-to-Equity Ratio	0,58	0,5	0,18	0,19
Operating Profit Margin	−36,56 %	6,82 %	12,71 %	7,47 %
Current Ratio	5,49	7,02	9,3	3,76
Quick Ratio	−3,95	−8,16	−11,5	8,5
Equity Ratio	0,6	0,63	0,8	0,73
Gross Profit Margin	34,5 %	30,68 %	34,95 %	18,95 %