WEST INSPECTION AS

6060 HAREID

Finances

Share Ownership

Return on Equity

168,44 %

Current Ratio

1,55

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 354 000	16 461 000	13 238 000	10 764 000
Net Income	3 768 000	3 574 000	1 924 000	522 000
Total Assets	5 670 000	4 708 000	4 363 000	3 055 000
Total Equity	2 237 000	1 069 000	495 000	471 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 354 000	16 461 000	13 238 000	10 764 000
Expenditure	14 525 000	11 878 000	10 757 000	10 079 000
Operating Profit	4 829 000	4 584 000	2 482 000	685 000
Financial Income	13 000	8 000	5 000	6 000
Financial Costs	11 000	10 000	20 000	22 000
Financial Balance	2 000	−2 000	−15 000	−16 000
Earnings Before Tax	4 831 000	4 582 000	2 467 000	669 000
Tax	1 063 000	1 008 000	543 000	147 000
Net Income	3 768 000	3 574 000	1 924 000	522 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	342 000	194 000	125 000	107 000
Total Current Assets	5 328 000	4 513 000	4 238 000	2 948 000
Total Assets	5 670 000	4 708 000	4 363 000	3 055 000
Total Retained Equity	2 219 000	1 051 000	477 000	453 000
Total Equity	2 237 000	1 069 000	495 000	471 000
Total Long-Term Debt	4 000	0	3 000	2 000
Total Current Debt	3 430 000	3 639 000	3 866 000	2 582 000
Total Equity and Debt	5 670 000	4 708 000	4 363 000	3 055 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 354 000	16 461 000	13 238 000	10 764 000
Other Income	0	0	0	0
Revenue	19 354 000	16 461 000	13 238 000	10 764 000
Cost of Goods Sold	4 232 000	2 282 000	1 830 000	1 501 000
Salary Costs	7 389 000	7 269 000	6 828 000	6 508 000
Depreciation	61 000	82 000	42 000	31 000
Impairment	0	0	0	0
Expenditure	14 525 000	11 878 000	10 757 000	10 079 000
Operating Profit	4 829 000	4 584 000	2 482 000	685 000
Financial Income	13 000	8 000	5 000	6 000
Financial Costs	11 000	10 000	20 000	22 000
Financial Balance	2 000	−2 000	−15 000	−16 000
Dividends	2 600 000	3 000 000	1 900 000	1 600 000
Net Income	3 768 000	3 574 000	1 924 000	522 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	2 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	342 000	193 000	125 000	107 000
Total Tangible Assets	342 000	193 000	125 000	107 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	342 000	194 000	125 000	107 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 907 000	2 463 000	2 550 000	1 303 000
Total Current Assets	5 328 000	4 513 000	4 238 000	2 948 000
Total Assets	5 670 000	4 708 000	4 363 000	3 055 000
Total Equity	2 237 000	1 069 000	495 000	471 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 000	0	3 000	2 000
Creditors	432 000	321 000	193 000	464 000
Unpaid Taxes	578 000	551 000	510 000	685 000
Dividends	2 600 000	3 000 000	1 900 000	1 600 000
Other Current Debt	762 000	755 000	720 000	686 000
Total Current Debt	3 430 000	3 639 000	3 866 000	2 582 000
Total Equity and Debt	5 670 000	4 708 000	4 363 000	3 055 000

Financial indicators	2022	2021	2020	2019
Return on Equity	168,44 %	334,33 %	388,69 %	110,83 %
Debt-to-Equity Ratio	0	0	0,01	0
Operating Profit Margin	24,95 %	27,85 %	18,75 %	6,36 %
Current Ratio	1,55	1,24	1,1	1,14
Quick Ratio	1,55	1,24	1,1	1,14
Equity Ratio	0,39	0,23	0,11	0,15
Gross Profit Margin	78,13 %	86,14 %	86,18 %	86,06 %