WELLTEC OILFIELD SERVICES (NORWAY) AS

5258 BLOMSTERDALEN

Finances

Share Ownership

Return on Equity

569,14 %

Current Ratio

0,98

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	792 212 000	580 401 000	453 451 000	380 297 000
Net Income	40 352 000	26 475 000	17 671 000	21 807 000
Total Assets	238 707 000	232 530 000	93 594 000	112 194 000
Total Equity	7 090 000	6 739 000	6 264 000	6 093 000

Income (NOK)	2022	2021	2020	2019
Revenue	792 212 000	580 401 000	453 451 000	380 297 000
Expenditure	742 313 000	511 417 000	413 221 000	349 796 000
Operating Profit	50 087 000	36 279 000	15 703 000	30 501 000
Financial Income	2 878 000	5 000	7 823 000	274 000
Financial Costs	997 000	2 063 000	724 000	2 512 000
Financial Balance	1 881 000	−2 058 000	7 099 000	−2 238 000
Earnings Before Tax	51 969 000	34 221 000	22 802 000	28 263 000
Tax	11 617 000	7 747 000	5 131 000	6 456 000
Net Income	40 352 000	26 475 000	17 671 000	21 807 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 121 000	16 913 000	6 946 000	9 266 000
Total Current Assets	227 586 000	215 617 000	86 648 000	102 928 000
Total Assets	238 707 000	232 530 000	93 594 000	112 194 000
Total Retained Equity	3 994 000	3 643 000	3 168 000	2 997 000
Total Equity	7 090 000	6 739 000	6 264 000	6 093 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	231 617 000	225 792 000	87 330 000	106 101 000
Total Equity and Debt	238 707 000	232 530 000	93 594 000	112 194 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	792 212 000	580 401 000	453 451 000	380 297 000
Other Income	0	0	0	0
Revenue	792 212 000	580 401 000	453 451 000	380 297 000
Cost of Goods Sold	0	0	0	0
Salary Costs	171 040 000	157 084 000	130 547 000	122 578 000
Depreciation	2 114 000	1 775 000	1 575 000	1 473 000
Impairment	0	0	0	0
Expenditure	742 313 000	511 417 000	413 221 000	349 796 000
Operating Profit	50 087 000	36 279 000	15 703 000	30 501 000
Financial Income	2 878 000	5 000	7 823 000	274 000
Financial Costs	997 000	2 063 000	724 000	2 512 000
Financial Balance	1 881 000	−2 058 000	7 099 000	−2 238 000
Dividends	40 000 000	26 000 000	17 500 000	20 000 000
Net Income	40 352 000	26 475 000	17 671 000	21 807 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 011 000	12 393 000	1 357 000	2 102 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	7 110 000	4 520 000	5 589 000	7 164 000
Total Tangible Assets	7 110 000	4 520 000	5 589 000	7 164 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	11 121 000	16 913 000	6 946 000	9 266 000
Stock	14 880 000	14 692 000	16 707 000	3 848 000
Total Investments	0	0	0	0
Cash, Bank	7 331 000	6 821 000	6 292 000	5 757 000
Total Current Assets	227 586 000	215 617 000	86 648 000	102 928 000
Total Assets	238 707 000	232 530 000	93 594 000	112 194 000
Total Equity	7 090 000	6 739 000	6 264 000	6 093 000
Short-Term Group Debt	109 015 000	73 200 000	29 709 000	46 685 000
Total Long-Term Debt	0	0	0	0
Creditors	9 449 000	7 436 000	5 377 000	6 775 000
Unpaid Taxes	12 628 000	11 557 000	9 268 000	8 321 000
Dividends	40 000 000	26 000 000	17 500 000	20 000 000
Other Current Debt	57 289 000	88 816 000	21 089 000	17 266 000
Total Current Debt	231 617 000	225 792 000	87 330 000	106 101 000
Total Equity and Debt	238 707 000	232 530 000	93 594 000	112 194 000

Financial indicators	2022	2021	2020	2019
Return on Equity	569,14 %	392,86 %	282,1 %	357,9 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,32 %	6,25 %	3,46 %	8,02 %
Current Ratio	0,98	0,95	0,99	0,97
Quick Ratio	1,05	1,02	1,23	1,01
Equity Ratio	0,03	0,03	0,07	0,05
Gross Profit Margin	100 %	100 %	100 %	100 %