WEST SEA SERVICE AS

5411 STORD

Finances

Share Ownership

Return on Equity

27,91 %

Current Ratio

1,74

Debt-to-Equity Ratio

0,37

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 820 000	1 678 000	1 497 000	2 592 000
Net Income	252 000	176 000	−27 000	−9 000
Total Assets	2 299 000	1 010 000	764 000	1 174 000
Total Equity	903 000	651 000	475 000	502 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 820 000	1 678 000	1 497 000	2 592 000
Expenditure	3 479 000	1 456 000	1 489 000	2 567 000
Operating Profit	341 000	223 000	7 000	25 000
Financial Income	13 000	3 000	1 000	1 000
Financial Costs	40 000	2 000	35 000	35 000
Financial Balance	−27 000	1 000	−34 000	−34 000
Earnings Before Tax	315 000	224 000	−27 000	−9 000
Tax	63 000	49 000	0	0
Net Income	252 000	176 000	−27 000	−9 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	457 000	4 000	21 000	45 000
Total Current Assets	1 842 000	1 006 000	743 000	1 130 000
Total Assets	2 299 000	1 010 000	764 000	1 174 000
Total Retained Equity	873 000	621 000	448 000	475 000
Total Equity	903 000	651 000	475 000	502 000
Total Long-Term Debt	336 000	0	0	0
Total Current Debt	1 059 000	358 000	288 000	672 000
Total Equity and Debt	2 299 000	1 010 000	764 000	1 174 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 780 000	1 678 000	1 497 000	2 589 000
Other Income	39 000	0	0	3 000
Revenue	3 820 000	1 678 000	1 497 000	2 592 000
Cost of Goods Sold	2 831 000	1 000 000	1 063 000	1 864 000
Salary Costs	197 000	48 000	54 000	131 000
Depreciation	60 000	17 000	24 000	23 000
Impairment	0	0	0	0
Expenditure	3 479 000	1 456 000	1 489 000	2 567 000
Operating Profit	341 000	223 000	7 000	25 000
Financial Income	13 000	3 000	1 000	1 000
Financial Costs	40 000	2 000	35 000	35 000
Financial Balance	−27 000	1 000	−34 000	−34 000
Dividends	0	0	0	0
Net Income	252 000	176 000	−27 000	−9 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	446 000	4 000	21 000	45 000
Total Tangible Assets	446 000	4 000	21 000	45 000
Total Fiancial Fixed Assets	10 000	0	0	0
Total Fixed Assets	457 000	4 000	21 000	45 000
Stock	391 000	423 000	305 000	373 000
Total Investments	0	0	0	0
Cash, Bank	894 000	340 000	300 000	361 000
Total Current Assets	1 842 000	1 006 000	743 000	1 130 000
Total Assets	2 299 000	1 010 000	764 000	1 174 000
Total Equity	903 000	651 000	475 000	502 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	336 000	0	0	0
Creditors	560 000	222 000	199 000	573 000
Unpaid Taxes	357 000	83 000	84 000	94 000
Dividends	0	0	0	0
Other Current Debt	93 000	5 000	6 000	5 000
Total Current Debt	1 059 000	358 000	288 000	672 000
Total Equity and Debt	2 299 000	1 010 000	764 000	1 174 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,91 %	27,04 %	−5,68 %	−1,79 %
Debt-to-Equity Ratio	0,37	0	0	0
Operating Profit Margin	8,93 %	13,29 %	0,47 %	0,96 %
Current Ratio	1,74	2,81	2,58	1,68
Quick Ratio	2,76	−15,48	−43,71	3,78
Equity Ratio	0,39	0,64	0,62	0,43
Gross Profit Margin	25,89 %	40,41 %	28,99 %	28,09 %