WEST ATLANTIC AS

9008 TROMSØ

Finances

Share Ownership

Return on Equity

31,48 %

Current Ratio

0,4

Debt-to-Equity Ratio

8,6

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 535 000	9 663 000	11 870 000	12 830 000
Net Income	720 000	−365 000	578 000	420 000
Total Assets	23 260 000	23 915 000	21 866 000	21 385 000
Total Equity	2 287 000	2 374 000	2 738 000	2 161 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 535 000	9 663 000	11 870 000	12 830 000
Expenditure	9 840 000	9 539 000	10 485 000	11 523 000
Operating Profit	695 000	124 000	1 385 000	1 307 000
Financial Income	0	6 000	9 000	2 000
Financial Costs	0	598 000	654 000	694 000
Financial Balance	0	−592 000	−645 000	−692 000
Earnings Before Tax	695 000	−468 000	741 000	616 000
Tax	−24 000	−103 000	163 000	196 000
Net Income	720 000	−365 000	578 000	420 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	22 735 000	20 269 000	20 848 000	20 512 000
Total Current Assets	526 000	3 646 000	1 018 000	873 000
Total Assets	23 260 000	23 915 000	21 866 000	21 385 000
Total Retained Equity	787 000	874 000	1 238 000	661 000
Total Equity	2 287 000	2 374 000	2 738 000	2 161 000
Total Long-Term Debt	19 672 000	20 378 000	18 227 000	17 886 000
Total Current Debt	1 301 000	1 163 000	901 000	1 339 000
Total Equity and Debt	23 260 000	23 915 000	21 866 000	21 385 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 006 000	9 283 000	11 199 000	12 577 000
Other Income	529 000	381 000	671 000	254 000
Revenue	10 535 000	9 663 000	11 870 000	12 830 000
Cost of Goods Sold	17 000	2 000	29 000	3 000
Salary Costs	4 497 000	3 861 000	4 324 000	5 584 000
Depreciation	564 000	559 000	−183 000	592 000
Impairment	0	0	0	0
Expenditure	9 840 000	9 539 000	10 485 000	11 523 000
Operating Profit	695 000	124 000	1 385 000	1 307 000
Financial Income	0	6 000	9 000	2 000
Financial Costs	0	598 000	654 000	694 000
Financial Balance	0	−592 000	−645 000	−692 000
Dividends	0	0	0	0
Net Income	720 000	−365 000	578 000	420 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 600 000	3 800 000	3 800 000	3 800 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	114 000	133 000	154 000	15 000
Total Tangible Assets	16 132 000	16 466 000	17 025 000	16 688 000
Total Fiancial Fixed Assets	3 000	3 000	23 000	24 000
Total Fixed Assets	22 735 000	20 269 000	20 848 000	20 512 000
Stock	0	0	0	147 000
Total Investments	0	0	0	0
Cash, Bank	277 000	350 000	824 000	457 000
Total Current Assets	526 000	3 646 000	1 018 000	873 000
Total Assets	23 260 000	23 915 000	21 866 000	21 385 000
Total Equity	2 287 000	2 374 000	2 738 000	2 161 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	19 672 000	20 378 000	18 227 000	17 886 000
Creditors	700 000	487 000	379 000	305 000
Unpaid Taxes	601 000	488 000	493 000	881 000
Dividends	0	0	0	0
Other Current Debt	0	189 000	29 000	153 000
Total Current Debt	1 301 000	1 163 000	901 000	1 339 000
Total Equity and Debt	23 260 000	23 915 000	21 866 000	21 385 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,48 %	−15,37 %	21,11 %	19,44 %
Debt-to-Equity Ratio	8,6	8,58	6,66	8,28
Operating Profit Margin	6,6 %	1,28 %	11,67 %	10,19 %
Current Ratio	0,4	3,13	1,13	0,65
Quick Ratio	0,4	3,13	1,13	0,73
Equity Ratio	0,1	0,1	0,13	0,1
Gross Profit Margin	99,84 %	99,98 %	99,76 %	99,98 %