W. GIERTSEN AS

5165 LAKSEVÅG

Finances

Return on Equity

4,24 %

Current Ratio

1,04

Debt-to-Equity Ratio

1,48

Key figures (NOK)	2022	2021	2020	2019
Revenue	475 378 000	421 904 000	220 701 000	95 864 000
Net Income	2 120 000	9 725 000	19 358 000	−8 669 000
Total Assets	295 528 000	221 580 000	180 917 000	85 480 000
Total Equity	49 988 000	46 867 000	42 649 000	29 995 000

Income (NOK)	2022	2021	2020	2019
Revenue	475 378 000	421 904 000	220 701 000	95 864 000
Expenditure	470 416 000	409 062 000	201 388 000	101 977 000
Operating Profit	4 962 000	12 842 000	19 313 000	−6 113 000
Financial Income	6 513 000	5 601 000	7 423 000	−2 174 000
Financial Costs	9 375 000	6 501 000	7 617 000	1 766 000
Financial Balance	−2 862 000	−900 000	−194 000	−3 940 000
Earnings Before Tax	2 100 000	11 942 000	19 119 000	−10 053 000
Tax	−20 000	2 217 000	−239 000	−1 384 000
Net Income	2 120 000	9 725 000	19 358 000	−8 669 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	117 969 000	94 628 000	96 324 000	36 363 000
Total Current Assets	177 559 000	126 952 000	84 593 000	49 117 000
Total Assets	295 528 000	221 580 000	180 917 000	85 480 000
Total Retained Equity	39 988 000	36 867 000	31 193 000	19 995 000
Total Equity	49 988 000	46 867 000	42 649 000	29 995 000
Total Long-Term Debt	74 098 000	45 350 000	49 440 000	3 612 000
Total Current Debt	171 442 000	129 365 000	88 828 000	51 873 000
Total Equity and Debt	295 528 000	221 582 000	180 917 000	85 480 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	471 839 000	419 641 000	213 429 000	92 725 000
Other Income	3 539 000	2 263 000	7 272 000	3 139 000
Revenue	475 378 000	421 904 000	220 701 000	95 864 000
Cost of Goods Sold	217 186 000	188 384 000	102 861 000	41 747 000
Salary Costs	163 479 000	125 066 000	72 190 000	47 294 000
Depreciation	11 658 000	12 359 000	6 843 000	534 000
Impairment	0	0	0	0
Expenditure	470 416 000	409 062 000	201 388 000	101 977 000
Operating Profit	4 962 000	12 842 000	19 313 000	−6 113 000
Financial Income	6 513 000	5 601 000	7 423 000	−2 174 000
Financial Costs	9 375 000	6 501 000	7 617 000	1 766 000
Financial Balance	−2 862 000	−900 000	−194 000	−3 940 000
Dividends	0	0	0	0
Net Income	2 120 000	9 725 000	19 358 000	−8 669 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	22 267 000	24 555 000	28 921 000	0
Total Intangible Assets	36 153 000	35 692 000	43 205 000	8 496 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	50 687 000	26 816 000	23 316 000	8 145 000
Fixtures	17 362 000	12 634 000	10 175 000	0
Total Tangible Assets	68 049 000	39 450 000	33 491 000	8 145 000
Total Fiancial Fixed Assets	13 767 000	19 486 000	19 628 000	19 722 000
Total Fixed Assets	117 969 000	94 628 000	96 324 000	36 363 000
Stock	15 683 000	16 205 000	10 076 000	3 687 000
Total Investments	0	0	0	0
Cash, Bank	1 606 000	9 427 000	17 025 000	4 928 000
Total Current Assets	177 559 000	126 952 000	84 593 000	49 117 000
Total Assets	295 528 000	221 580 000	180 917 000	85 480 000
Total Equity	49 988 000	46 867 000	42 649 000	29 995 000
Short-Term Group Debt	15 244 000	0	0	0
Total Long-Term Debt	74 098 000	45 350 000	49 440 000	3 612 000
Creditors	60 974 000	43 156 000	29 124 000	10 531 000
Unpaid Taxes	19 347 000	24 019 000	19 114 000	7 246 000
Dividends	0	0	0	0
Other Current Debt	33 465 000	31 709 000	26 356 000	14 524 000
Total Current Debt	171 442 000	129 365 000	88 828 000	51 873 000
Total Equity and Debt	295 528 000	221 582 000	180 917 000	85 480 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,24 %	20,75 %	45,39 %	−28,9 %
Debt-to-Equity Ratio	1,48	0,97	1,16	0,12
Operating Profit Margin	1,04 %	3,04 %	8,75 %	−6,38 %
Current Ratio	1,04	0,98	0,95	0,95
Quick Ratio	1,14	1,12	1,07	1,02
Equity Ratio	0,17	0,21	0,24	0,35
Gross Profit Margin	54,31 %	55,35 %	53,39 %	56,45 %