WELLCEM AS

7052 TRONDHEIM

Finances

Share Ownership

Return on Equity

34,95 %

Current Ratio

1,84

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	68 972 000	38 354 000	40 940 000	64 778 000
Net Income	8 658 000	−9 069 000	−4 029 000	6 277 000
Total Assets	40 653 000	35 973 000	33 967 000	36 215 000
Total Equity	24 769 000	15 541 000	23 855 000	27 884 000

Income (NOK)	2022	2021	2020	2019
Revenue	68 972 000	38 354 000	40 940 000	64 778 000
Expenditure	56 001 000	49 881 000	47 857 000	56 824 000
Operating Profit	12 971 000	−11 526 000	−6 917 000	7 953 000
Financial Income	1 742 000	352 000	5 651 000	2 823 000
Financial Costs	3 647 000	591 000	3 829 000	2 836 000
Financial Balance	−1 905 000	−239 000	1 822 000	−13 000
Earnings Before Tax	11 066 000	−11 765 000	−5 095 000	7 939 000
Tax	2 408 000	−2 696 000	−1 066 000	1 662 000
Net Income	8 658 000	−9 069 000	−4 029 000	6 277 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 389 000	12 017 000	9 527 000	9 851 000
Total Current Assets	29 264 000	23 956 000	24 441 000	26 365 000
Total Assets	40 653 000	35 973 000	33 967 000	36 215 000
Total Retained Equity	8 658 000	0	−21 242 000	−17 213 000
Total Equity	24 769 000	15 541 000	23 855 000	27 884 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	15 884 000	20 433 000	10 112 000	8 332 000
Total Equity and Debt	40 653 000	35 973 000	33 967 000	36 215 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	68 634 000	38 533 000	40 174 000	64 778 000
Other Income	338 000	−179 000	767 000	0
Revenue	68 972 000	38 354 000	40 940 000	64 778 000
Cost of Goods Sold	15 117 000	9 467 000	9 229 000	10 330 000
Salary Costs	29 133 000	27 177 000	26 672 000	27 641 000
Depreciation	230 000	0	0	0
Impairment	0	0	0	0
Expenditure	56 001 000	49 881 000	47 857 000	56 824 000
Operating Profit	12 971 000	−11 526 000	−6 917 000	7 953 000
Financial Income	1 742 000	352 000	5 651 000	2 823 000
Financial Costs	3 647 000	591 000	3 829 000	2 836 000
Financial Balance	−1 905 000	−239 000	1 822 000	−13 000
Dividends	0	0	0	0
Net Income	8 658 000	−9 069 000	−4 029 000	6 277 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	9 589 000	11 997 000	9 301 000	8 235 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 800 000	0	0	0
Total Tangible Assets	1 800 000	0	0	0
Total Fiancial Fixed Assets	0	20 000	225 000	1 616 000
Total Fixed Assets	11 389 000	12 017 000	9 527 000	9 851 000
Stock	7 913 000	7 818 000	7 322 000	5 252 000
Total Investments	0	0	0	0
Cash, Bank	5 759 000	2 147 000	10 789 000	2 631 000
Total Current Assets	29 264 000	23 956 000	24 441 000	26 365 000
Total Assets	40 653 000	35 973 000	33 967 000	36 215 000
Total Equity	24 769 000	15 541 000	23 855 000	27 884 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 690 000	4 062 000	3 822 000	2 995 000
Unpaid Taxes	1 609 000	1 153 000	1 080 000	1 435 000
Dividends	0	0	0	0
Other Current Debt	4 481 000	5 316 000	5 210 000	3 790 000
Total Current Debt	15 884 000	20 433 000	10 112 000	8 332 000
Total Equity and Debt	40 653 000	35 973 000	33 967 000	36 215 000

Financial indicators	2022	2021	2020	2019
Return on Equity	34,95 %	−58,36 %	−16,89 %	22,51 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	18,81 %	−30,05 %	−16,9 %	12,28 %
Current Ratio	1,84	1,17	2,42	3,16
Quick Ratio	3,67	1,9	8,76	8,56
Equity Ratio	0,61	0,43	0,7	0,77
Gross Profit Margin	78,08 %	75,32 %	77,46 %	84,05 %