WEST PIPING AS

5954 MONGSTAD

Finances

Share Ownership

Return on Equity

181,75 %

Current Ratio

1,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	54 014 000	28 229 000	32 015 000	40 567 000
Net Income	4 551 000	−688 000	−3 076 000	907 000
Total Assets	12 553 000	8 967 000	9 619 000	14 661 000
Total Equity	2 504 000	−1 377 000	−690 000	2 387 000

Income (NOK)	2022	2021	2020	2019
Revenue	54 014 000	28 229 000	32 015 000	40 567 000
Expenditure	49 064 000	28 708 000	34 922 000	39 457 000
Operating Profit	4 949 000	−480 000	−2 906 000	1 111 000
Financial Income	0	1 000	0	0
Financial Costs	209 000	208 000	170 000	205 000
Financial Balance	−209 000	−207 000	−170 000	−205 000
Earnings Before Tax	4 740 000	−688 000	−3 076 000	907 000
Tax	189 000	0	0	0
Net Income	4 551 000	−688 000	−3 076 000	907 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	933 000	1 058 000	967 000	939 000
Total Current Assets	11 620 000	7 909 000	8 652 000	13 722 000
Total Assets	12 553 000	8 967 000	9 619 000	14 661 000
Total Retained Equity	2 360 000	−1 521 000	−834 000	2 243 000
Total Equity	2 504 000	−1 377 000	−690 000	2 387 000
Total Long-Term Debt	0	0	−2 000	0
Total Current Debt	10 049 000	10 344 000	10 311 000	12 275 000
Total Equity and Debt	12 553 000	8 967 000	9 619 000	14 661 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	53 539 000	27 047 000	30 759 000	40 192 000
Other Income	475 000	1 181 000	1 257 000	375 000
Revenue	54 014 000	28 229 000	32 015 000	40 567 000
Cost of Goods Sold	9 563 000	4 469 000	4 408 000	5 931 000
Salary Costs	32 719 000	18 651 000	24 032 000	27 933 000
Depreciation	264 000	271 000	282 000	247 000
Impairment	0	0	0	0
Expenditure	49 064 000	28 708 000	34 922 000	39 457 000
Operating Profit	4 949 000	−480 000	−2 906 000	1 111 000
Financial Income	0	1 000	0	0
Financial Costs	209 000	208 000	170 000	205 000
Financial Balance	−209 000	−207 000	−170 000	−205 000
Dividends	0	0	0	0
Net Income	4 551 000	−688 000	−3 076 000	907 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	73 000	29 000	0	0
Real Eastate	66 000	0	0	0
Machinery and Plant Facilities	504 000	311 000	252 000	172 000
Fixtures	197 000	276 000	433 000	582 000
Total Tangible Assets	767 000	587 000	685 000	755 000
Total Fiancial Fixed Assets	93 000	442 000	282 000	184 000
Total Fixed Assets	933 000	1 058 000	967 000	939 000
Stock	1 972 000	2 587 000	1 502 000	2 749 000
Total Investments	0	0	0	0
Cash, Bank	1 968 000	694 000	765 000	1 355 000
Total Current Assets	11 620 000	7 909 000	8 652 000	13 722 000
Total Assets	12 553 000	8 967 000	9 619 000	14 661 000
Total Equity	2 504 000	−1 377 000	−690 000	2 387 000
Short-Term Group Debt	316 000	0	0	0
Total Long-Term Debt	0	0	−2 000	0
Creditors	935 000	4 163 000	2 782 000	2 561 000
Unpaid Taxes	3 214 000	2 077 000	2 487 000	4 389 000
Dividends	0	0	0	0
Other Current Debt	5 584 000	2 401 000	2 844 000	2 701 000
Total Current Debt	10 049 000	10 344 000	10 311 000	12 275 000
Total Equity and Debt	12 553 000	8 967 000	9 619 000	14 661 000

Financial indicators	2022	2021	2020	2019
Return on Equity	181,75 %	49,96 %	445,8 %	38 %
Debt-to-Equity Ratio	0	−0	0	0
Operating Profit Margin	9,16 %	−1,7 %	−9,08 %	2,74 %
Current Ratio	1,16	0,76	0,84	1,12
Quick Ratio	1,44	1,02	0,98	1,44
Equity Ratio	0,2	−0,15	−0,07	0,16
Gross Profit Margin	82,3 %	84,17 %	86,23 %	85,38 %