IN WEST INNOVATION AS

4313 SANDNES

Finances

Share Ownership

Return on Equity

−10,65 %

Current Ratio

113,73

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	133 000	737 000	1 647 000	1 788 000
Net Income	−132 000	85 000	302 000	278 000
Total Assets	1 251 000	1 661 000	1 608 000	1 465 000
Total Equity	1 240 000	1 372 000	1 387 000	1 185 000

Income (NOK)	2022	2021	2020	2019
Revenue	133 000	737 000	1 647 000	1 788 000
Expenditure	266 000	653 000	1 289 000	1 456 000
Operating Profit	−133 000	84 000	358 000	332 000
Financial Income	1 000	26 000	24 000	29 000
Financial Costs	0	5 000	0	1 000
Financial Balance	1 000	21 000	24 000	28 000
Earnings Before Tax	−132 000	106 000	382 000	360 000
Tax	0	21 000	80 000	82 000
Net Income	−132 000	85 000	302 000	278 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	7 000	13 000	2 000
Total Current Assets	1 251 000	1 653 000	1 595 000	1 463 000
Total Assets	1 251 000	1 661 000	1 608 000	1 465 000
Total Retained Equity	1 040 000	1 172 000	1 187 000	985 000
Total Equity	1 240 000	1 372 000	1 387 000	1 185 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	11 000	289 000	221 000	279 000
Total Equity and Debt	1 251 000	1 661 000	1 608 000	1 465 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	62 000	737 000	1 647 000	1 788 000
Other Income	71 000	0	0	0
Revenue	133 000	737 000	1 647 000	1 788 000
Cost of Goods Sold	209 000	573 000	1 181 000	1 346 000
Salary Costs	0	0	0	0
Depreciation	7 000	6 000	6 000	8 000
Impairment	0	0	0	0
Expenditure	266 000	653 000	1 289 000	1 456 000
Operating Profit	−133 000	84 000	358 000	332 000
Financial Income	1 000	26 000	24 000	29 000
Financial Costs	0	5 000	0	1 000
Financial Balance	1 000	21 000	24 000	28 000
Dividends	0	100 000	100 000	100 000
Net Income	−132 000	85 000	302 000	278 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	7 000	13 000	2 000
Total Tangible Assets	0	7 000	13 000	2 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	7 000	13 000	2 000
Stock	0	130 000	0	0
Total Investments	0	0	0	0
Cash, Bank	67 000	381 000	433 000	314 000
Total Current Assets	1 251 000	1 653 000	1 595 000	1 463 000
Total Assets	1 251 000	1 661 000	1 608 000	1 465 000
Total Equity	1 240 000	1 372 000	1 387 000	1 185 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	11 000	168 000	30 000	83 000
Unpaid Taxes	0	0	11 000	14 000
Dividends	0	100 000	100 000	100 000
Other Current Debt	0	0	0	0
Total Current Debt	11 000	289 000	221 000	279 000
Total Equity and Debt	1 251 000	1 661 000	1 608 000	1 465 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,65 %	6,2 %	21,77 %	23,46 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−100 %	11,4 %	21,74 %	18,57 %
Current Ratio	113,73	5,72	7,22	5,24
Quick Ratio	113,73	10,4	7,22	5,24
Equity Ratio	0,99	0,83	0,86	0,81
Gross Profit Margin	−57,14 %	22,25 %	28,29 %	24,72 %