WESTFAL-LARSEN MANAGEMENT AS

5059 BERGEN

Finances

Return on Equity

128,18 %

Current Ratio

0,94

Debt-to-Equity Ratio

4,51

Key figures (NOK)	2022	2021	2020	2019
Revenue	54 517 000	41 039 000	37 648 000	39 175 000
Net Income	5 799 000	2 233 000	35 000	2 066 000
Total Assets	80 546 000	85 763 000	61 644 000	85 805 000
Total Equity	4 524 000	5 102 000	5 122 000	5 124 000

Income (NOK)	2022	2021	2020	2019
Revenue	54 517 000	41 039 000	37 648 000	39 175 000
Expenditure	51 985 000	39 732 000	36 809 000	38 923 000
Operating Profit	2 533 000	1 307 000	839 000	252 000
Financial Income	4 973 000	676 000	865 000	2 482 000
Financial Costs	47 000	999 000	−1 526 000	50 000
Financial Balance	4 926 000	−323 000	2 391 000	2 432 000
Earnings Before Tax	7 459 000	2 875 000	70 000	2 684 000
Tax	1 660 000	641 000	34 000	618 000
Net Income	5 799 000	2 233 000	35 000	2 066 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	28 440 000	27 474 000	26 477 000	26 186 000
Total Current Assets	52 106 000	58 289 000	35 167 000	59 619 000
Total Assets	80 546 000	85 763 000	61 644 000	85 805 000
Total Retained Equity	0	0	0	0
Total Equity	4 524 000	5 102 000	5 122 000	5 124 000
Total Long-Term Debt	20 406 000	20 391 000	21 568 000	21 859 000
Total Current Debt	55 616 000	60 270 000	34 955 000	58 821 000
Total Equity and Debt	80 546 000	85 763 000	61 644 000	85 805 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	54 517 000	41 039 000	37 648 000	39 175 000
Revenue	54 517 000	41 039 000	37 648 000	39 175 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	44 000	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	51 985 000	39 732 000	36 809 000	38 923 000
Operating Profit	2 533 000	1 307 000	839 000	252 000
Financial Income	4 973 000	676 000	865 000	2 482 000
Financial Costs	47 000	999 000	−1 526 000	50 000
Financial Balance	4 926 000	−323 000	2 391 000	2 432 000
Dividends	0	0	0	0
Net Income	5 799 000	2 233 000	35 000	2 066 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 918 000	5 779 000	5 785 000	5 755 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	22 522 000	21 695 000	20 692 000	20 431 000
Total Fixed Assets	28 440 000	27 474 000	26 477 000	26 186 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	17 013 000	16 511 000	6 035 000	46 764 000
Total Current Assets	52 106 000	58 289 000	35 167 000	59 619 000
Total Assets	80 546 000	85 763 000	61 644 000	85 805 000
Total Equity	4 524 000	5 102 000	5 122 000	5 124 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	20 406 000	20 391 000	21 568 000	21 859 000
Creditors	26 276 000	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	29 340 000	60 270 000	34 955 000	58 821 000
Total Current Debt	55 616 000	60 270 000	34 955 000	58 821 000
Total Equity and Debt	80 546 000	85 763 000	61 644 000	85 805 000

Financial indicators	2022	2021	2020	2019
Return on Equity	128,18 %	43,77 %	0,68 %	40,32 %
Debt-to-Equity Ratio	4,51	4	4,21	4,27
Operating Profit Margin	4,65 %	3,18 %	2,23 %	0,64 %
Current Ratio	0,94	0,97	1,01	1,01
Quick Ratio	0,94	0,97	1,01	1,01
Equity Ratio	0,06	0,06	0,08	0,06
Gross Profit Margin	100 %	100 %	100 %	100 %