WELL CONVEYOR AS

4340 BRYNE

Finances

Share Ownership

Return on Equity

−13,77 %

Current Ratio

4,1

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 218 000	72 000	0	10 000
Net Income	−6 554 000	−6 726 000	−5 556 000	−4 751 000
Total Assets	52 518 000	43 015 000	35 167 000	13 910 000
Total Equity	47 608 000	36 642 000	28 418 000	10 107 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 218 000	72 000	0	10 000
Expenditure	7 919 000	6 833 000	5 477 000	4 491 000
Operating Profit	−6 701 000	−6 761 000	−5 477 000	−4 480 000
Financial Income	388 000	211 000	170 000	37 000
Financial Costs	242 000	176 000	249 000	309 000
Financial Balance	146 000	35 000	−79 000	−272 000
Earnings Before Tax	−6 554 000	−6 726 000	−5 556 000	−4 751 000
Tax	0	0	0	0
Net Income	−6 554 000	−6 726 000	−5 556 000	−4 751 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	42 231 000	31 449 000	17 568 000	9 946 000
Total Current Assets	10 287 000	11 566 000	17 600 000	3 964 000
Total Assets	52 518 000	43 015 000	35 167 000	13 910 000
Total Retained Equity	0	0	0	0
Total Equity	47 608 000	36 642 000	28 418 000	10 107 000
Total Long-Term Debt	2 400 000	2 400 000	5 093 000	2 557 000
Total Current Debt	2 510 000	3 973 000	1 657 000	1 246 000
Total Equity and Debt	52 518 000	43 015 000	35 167 000	13 910 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 018 000	72 000	0	0
Other Income	200 000	0	0	10 000
Revenue	1 218 000	72 000	0	10 000
Cost of Goods Sold	839 000	618 000	361 000	127 000
Salary Costs	1 763 000	1 403 000	2 227 000	1 583 000
Depreciation	152 000	121 000	120 000	32 000
Impairment	0	0	0	0
Expenditure	7 919 000	6 833 000	5 477 000	4 491 000
Operating Profit	−6 701 000	−6 761 000	−5 477 000	−4 480 000
Financial Income	388 000	211 000	170 000	37 000
Financial Costs	242 000	176 000	249 000	309 000
Financial Balance	146 000	35 000	−79 000	−272 000
Dividends	0	0	0	0
Net Income	−6 554 000	−6 726 000	−5 556 000	−4 751 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	29 549 000	24 888 000	17 427 000	9 881 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	12 626 000	6 479 000	33 000	44 000
Fixtures	55 000	82 000	109 000	22 000
Total Tangible Assets	12 682 000	6 561 000	141 000	66 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	42 231 000	31 449 000	17 568 000	9 946 000
Stock	0	0	859 000	394 000
Total Investments	0	0	0	0
Cash, Bank	246 000	4 586 000	13 480 000	1 292 000
Total Current Assets	10 287 000	11 566 000	17 600 000	3 964 000
Total Assets	52 518 000	43 015 000	35 167 000	13 910 000
Total Equity	47 608 000	36 642 000	28 418 000	10 107 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 400 000	2 400 000	5 093 000	2 557 000
Creditors	1 069 000	1 832 000	883 000	613 000
Unpaid Taxes	246 000	228 000	347 000	265 000
Dividends	0	0	0	0
Other Current Debt	421 000	1 913 000	427 000	367 000
Total Current Debt	2 510 000	3 973 000	1 657 000	1 246 000
Total Equity and Debt	52 518 000	43 015 000	35 167 000	13 910 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,77 %	−18,36 %	−19,55 %	−47,01 %
Debt-to-Equity Ratio	0,05	0,07	0,18	0,25
Operating Profit Margin	−550,16 %	−9 390,28 %	-	−44 800 %
Current Ratio	4,1	2,91	10,62	3,18
Quick Ratio	4,1	2,91	22,06	4,65
Equity Ratio	0,91	0,85	0,81	0,73
Gross Profit Margin	31,12 %	−758,33 %	-	−1 170 %