WORSEGAARDEN AS

4009 STAVANGER

Finances

Share Ownership

Return on Equity

2,48 %

Current Ratio

0,93

Debt-to-Equity Ratio

2,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 852 000	6 630 000	6 558 000	6 456 000
Net Income	196 000	276 000	664 000	239 000
Total Assets	25 555 000	25 801 000	27 941 000	28 690 000
Total Equity	7 912 000	7 716 000	7 440 000	6 776 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 852 000	6 630 000	6 558 000	6 456 000
Expenditure	6 052 000	5 889 000	5 331 000	5 566 000
Operating Profit	799 000	742 000	1 227 000	890 000
Financial Income	1 000	1 000	1 000	0
Financial Costs	604 000	466 000	564 000	651 000
Financial Balance	−603 000	−465 000	−563 000	−651 000
Earnings Before Tax	196 000	276 000	664 000	239 000
Tax	0	0	0	0
Net Income	196 000	276 000	664 000	239 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	23 954 000	25 419 000	26 906 000	28 337 000
Total Current Assets	1 601 000	382 000	1 035 000	353 000
Total Assets	25 555 000	25 801 000	27 941 000	28 690 000
Total Retained Equity	7 812 000	7 616 000	7 340 000	6 676 000
Total Equity	7 912 000	7 716 000	7 440 000	6 776 000
Total Long-Term Debt	15 916 000	16 649 000	18 923 000	20 345 000
Total Current Debt	1 728 000	1 436 000	1 577 000	1 568 000
Total Equity and Debt	25 555 000	25 801 000	27 941 000	28 690 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 000	18 000	21 000	18 000
Other Income	6 842 000	6 612 000	6 537 000	6 438 000
Revenue	6 852 000	6 630 000	6 558 000	6 456 000
Cost of Goods Sold	135 000	133 000	150 000	143 000
Salary Costs	1 617 000	1 408 000	1 333 000	1 276 000
Depreciation	1 496 000	1 487 000	1 478 000	1 489 000
Impairment	0	0	0	0
Expenditure	6 052 000	5 889 000	5 331 000	5 566 000
Operating Profit	799 000	742 000	1 227 000	890 000
Financial Income	1 000	1 000	1 000	0
Financial Costs	604 000	466 000	564 000	651 000
Financial Balance	−603 000	−465 000	−563 000	−651 000
Dividends	0	0	0	0
Net Income	196 000	276 000	664 000	239 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	23 901 000	25 367 000	26 833 000	28 300 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	53 000	52 000	73 000	37 000
Total Tangible Assets	23 954 000	25 419 000	26 906 000	28 337 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	23 954 000	25 419 000	26 906 000	28 337 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 363 000	172 000	767 000	153 000
Total Current Assets	1 601 000	382 000	1 035 000	353 000
Total Assets	25 555 000	25 801 000	27 941 000	28 690 000
Total Equity	7 912 000	7 716 000	7 440 000	6 776 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	15 916 000	16 649 000	18 923 000	20 345 000
Creditors	614 000	145 000	249 000	234 000
Unpaid Taxes	97 000	93 000	91 000	89 000
Dividends	0	0	0	0
Other Current Debt	1 018 000	1 198 000	1 237 000	1 246 000
Total Current Debt	1 728 000	1 436 000	1 577 000	1 568 000
Total Equity and Debt	25 555 000	25 801 000	27 941 000	28 690 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,48 %	3,58 %	8,92 %	3,53 %
Debt-to-Equity Ratio	2,01	2,16	2,54	3
Operating Profit Margin	11,66 %	11,19 %	18,71 %	13,79 %
Current Ratio	0,93	0,27	0,66	0,23
Quick Ratio	0,93	0,27	0,66	0,23
Equity Ratio	0,31	0,3	0,27	0,24
Gross Profit Margin	98,03 %	97,99 %	97,71 %	97,79 %