WESTMARIN AS

6700 MÅLØY

Finances

Share Ownership

Return on Equity

15,48 %

Current Ratio

18,09

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 270 000	709 000	1 007 000	1 083 000
Net Income	154 000	62 000	119 000	26 000
Total Assets	1 052 000	968 000	888 000	706 000
Total Equity	995 000	841 000	779 000	660 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 270 000	709 000	1 007 000	1 083 000
Expenditure	1 080 000	653 000	854 000	1 045 000
Operating Profit	190 000	56 000	154 000	37 000
Financial Income	14 000	24 000	0	0
Financial Costs	6 000	1 000	0	2 000
Financial Balance	8 000	23 000	0	−2 000
Earnings Before Tax	198 000	80 000	153 000	36 000
Tax	45 000	17 000	34 000	10 000
Net Income	154 000	62 000	119 000	26 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	21 000	142 000	159 000	193 000
Total Current Assets	1 031 000	826 000	728 000	513 000
Total Assets	1 052 000	968 000	888 000	706 000
Total Retained Equity	−5 000	−159 000	−221 000	−340 000
Total Equity	995 000	841 000	779 000	660 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	57 000	126 000	108 000	46 000
Total Equity and Debt	1 052 000	968 000	888 000	706 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 270 000	709 000	1 007 000	1 083 000
Other Income	0	0	0	0
Revenue	1 270 000	709 000	1 007 000	1 083 000
Cost of Goods Sold	594 000	407 000	509 000	517 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 080 000	653 000	854 000	1 045 000
Operating Profit	190 000	56 000	154 000	37 000
Financial Income	14 000	24 000	0	0
Financial Costs	6 000	1 000	0	2 000
Financial Balance	8 000	23 000	0	−2 000
Dividends	0	0	0	0
Net Income	154 000	62 000	119 000	26 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	21 000	42 000	59 000	93 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	100 000	100 000	100 000
Total Fixed Assets	21 000	142 000	159 000	193 000
Stock	669 000	487 000	199 000	188 000
Total Investments	0	0	0	0
Cash, Bank	267 000	252 000	374 000	307 000
Total Current Assets	1 031 000	826 000	728 000	513 000
Total Assets	1 052 000	968 000	888 000	706 000
Total Equity	995 000	841 000	779 000	660 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	42 000	116 000	78 000	46 000
Unpaid Taxes	−8 000	10 000	31 000	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	57 000	126 000	108 000	46 000
Total Equity and Debt	1 052 000	968 000	888 000	706 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,48 %	7,37 %	15,28 %	3,94 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	14,96 %	7,9 %	15,29 %	3,42 %
Current Ratio	18,09	6,56	6,74	11,15
Quick Ratio	−1,68	−2,29	−8	−3,61
Equity Ratio	0,95	0,87	0,88	0,93
Gross Profit Margin	53,23 %	42,6 %	49,45 %	52,26 %