WELLCONNECTION GROUP AS

4029 STAVANGER

Finances

Return on Equity

−32,68 %

Current Ratio

0,84

Debt-to-Equity Ratio

1,06

Key figures (NOK)	2021	2020	2019	2018
Revenue	479 508 000	385 695 000	422 706 000	300 210 000
Net Income	−33 467 000	−43 214 000	−28 126 000	−21 691 000
Total Assets	335 224 000	394 129 000	373 887 000	227 696 000
Total Equity	102 416 000	134 911 000	54 447 000	50 533 000

Income (NOK)	2021	2020	2019	2018
Revenue	479 508 000	385 695 000	422 706 000	300 210 000
Expenditure	506 098 000	415 949 000	437 642 000	316 624 000
Operating Profit	−26 590 000	−30 254 000	−14 936 000	−16 414 000
Financial Income	514 000	2 125 000	1 297 000	321 000
Financial Costs	9 744 000	14 842 000	15 565 000	7 043 000
Financial Balance	−9 230 000	−12 717 000	−14 268 000	−6 722 000
Earnings Before Tax	−35 819 000	−42 971 000	−29 204 000	−23 136 000
Tax	−2 353 000	243 000	−1 079 000	−1 446 000
Net Income	−33 467 000	−43 214 000	−28 126 000	−21 691 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	230 441 000	276 627 000	261 447 000	154 261 000
Total Current Assets	104 782 000	117 502 000	112 439 000	73 434 000
Total Assets	335 224 000	394 129 000	373 887 000	227 696 000
Total Retained Equity	−137 417 000	−134 736 000	−100 546 000	−77 955 000
Total Equity	102 416 000	134 911 000	54 447 000	50 533 000
Total Long-Term Debt	108 188 000	144 152 000	114 757 000	89 040 000
Total Current Debt	124 620 000	115 067 000	204 683 000	88 123 000
Total Equity and Debt	335 224 000	394 129 000	373 887 000	227 696 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	479 384 000	384 909 000	422 366 000	300 080 000
Other Income	124 000	786 000	340 000	130 000
Revenue	479 508 000	385 695 000	422 706 000	300 210 000
Cost of Goods Sold	136 142 000	119 967 000	139 508 000	92 411 000
Salary Costs	192 938 000	140 975 000	147 602 000	112 218 000
Depreciation	62 828 000	53 153 000	50 192 000	33 058 000
Impairment	0	0	0	0
Expenditure	506 098 000	415 949 000	437 642 000	316 624 000
Operating Profit	−26 590 000	−30 254 000	−14 936 000	−16 414 000
Financial Income	514 000	2 125 000	1 297 000	321 000
Financial Costs	9 744 000	14 842 000	15 565 000	7 043 000
Financial Balance	−9 230 000	−12 717 000	−14 268 000	−6 722 000
Dividends	0	0	0	0
Net Income	−33 467 000	−43 214 000	−28 126 000	−21 691 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	128 519 000	152 129 000	152 134 000	97 168 000
Total Intangible Assets	160 479 000	193 787 000	187 327 000	128 442 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	82 684 000	73 972 000	25 820 000
Fixtures	69 755 000	0	0	0
Total Tangible Assets	69 755 000	82 684 000	73 972 000	25 820 000
Total Fiancial Fixed Assets	208 000	156 000	148 000	0
Total Fixed Assets	230 441 000	276 627 000	261 447 000	154 261 000
Stock	716 000	707 000	0	0
Total Investments	55 000	55 000	55 000	55 000
Cash, Bank	6 505 000	16 476 000	3 765 000	943 000
Total Current Assets	104 782 000	117 502 000	112 439 000	73 434 000
Total Assets	335 224 000	394 129 000	373 887 000	227 696 000
Total Equity	102 416 000	134 911 000	54 447 000	50 533 000
Short-Term Group Debt	0	52 000	52 000	39 584 000
Total Long-Term Debt	108 188 000	144 152 000	114 757 000	89 040 000
Creditors	26 976 000	35 744 000	42 674 000	17 708 000
Unpaid Taxes	14 998 000	15 347 000	8 801 000	10 543 000
Dividends	0	0	0	0
Other Current Debt	55 444 000	58 933 000	89 328 000	0
Total Current Debt	124 620 000	115 067 000	204 683 000	88 123 000
Total Equity and Debt	335 224 000	394 129 000	373 887 000	227 696 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−32,68 %	−32,03 %	−51,66 %	−42,92 %
Debt-to-Equity Ratio	1,06	1,07	2,11	1,76
Operating Profit Margin	−5,55 %	−7,84 %	−3,53 %	−5,47 %
Current Ratio	0,84	1,02	0,55	0,83
Quick Ratio	0,85	1,03	0,55	0,83
Equity Ratio	0,31	0,34	0,15	0,22
Gross Profit Margin	71,61 %	68,9 %	67 %	69,22 %