WEST-NORWAY AS

6002 ÅLESUND

Finances

Return on Equity

19,04 %

Current Ratio

1,2

Debt-to-Equity Ratio

0,64

Key figures (NOK)	2022	2021	2020	2019
Revenue	856 392 000	616 708 000	529 019 000	731 157 000
Net Income	6 987 000	796 000	−8 206 000	574 000
Total Assets	254 932 000	227 164 000	211 245 000	191 349 000
Total Equity	36 701 000	33 714 000	32 918 000	31 043 000

Income (NOK)	2022	2021	2020	2019
Revenue	856 392 000	616 708 000	529 019 000	731 157 000
Expenditure	836 412 000	612 565 000	529 344 000	720 086 000
Operating Profit	19 980 000	4 143 000	−325 000	11 071 000
Financial Income	9 000	3 984 000	117 000	2 276 000
Financial Costs	10 991 000	7 084 000	10 296 000	12 552 000
Financial Balance	−10 982 000	−3 100 000	−10 179 000	−10 276 000
Earnings Before Tax	8 998 000	1 043 000	−10 504 000	796 000
Tax	2 010 000	247 000	−2 298 000	222 000
Net Income	6 987 000	796 000	−8 206 000	574 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 963 000	22 534 000	21 601 000	15 338 000
Total Current Assets	233 969 000	204 631 000	189 645 000	176 010 000
Total Assets	254 932 000	227 164 000	211 245 000	191 349 000
Total Retained Equity	0	−4 367 000	−5 163 000	3 043 000
Total Equity	36 701 000	33 714 000	32 918 000	31 043 000
Total Long-Term Debt	23 333 000	30 000 000	30 000 000	0
Total Current Debt	194 898 000	163 450 000	148 327 000	160 306 000
Total Equity and Debt	254 932 000	227 164 000	211 245 000	191 349 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	855 798 000	616 708 000	527 693 000	731 032 000
Other Income	594 000	0	1 326 000	125 000
Revenue	856 392 000	616 708 000	529 019 000	731 157 000
Cost of Goods Sold	811 772 000	592 110 000	512 680 000	699 199 000
Salary Costs	9 095 000	8 425 000	8 324 000	10 105 000
Depreciation	312 000	110 000	107 000	92 000
Impairment	0	0	0	0
Expenditure	836 412 000	612 565 000	529 344 000	720 086 000
Operating Profit	19 980 000	4 143 000	−325 000	11 071 000
Financial Income	9 000	3 984 000	117 000	2 276 000
Financial Costs	10 991 000	7 084 000	10 296 000	12 552 000
Financial Balance	−10 982 000	−3 100 000	−10 179 000	−10 276 000
Dividends	4 000 000	0	0	0
Net Income	6 987 000	796 000	−8 206 000	574 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	12 443 000	14 453 000	14 700 000	12 402 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	946 000	506 000	616 000	679 000
Total Tangible Assets	946 000	506 000	616 000	679 000
Total Fiancial Fixed Assets	7 575 000	7 575 000	6 285 000	2 257 000
Total Fixed Assets	20 963 000	22 534 000	21 601 000	15 338 000
Stock	41 522 000	33 234 000	37 709 000	43 183 000
Total Investments	0	0	0	0
Cash, Bank	506 000	463 000	468 000	484 000
Total Current Assets	233 969 000	204 631 000	189 645 000	176 010 000
Total Assets	254 932 000	227 164 000	211 245 000	191 349 000
Total Equity	36 701 000	33 714 000	32 918 000	31 043 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	23 333 000	30 000 000	30 000 000	0
Creditors	93 709 000	77 025 000	62 202 000	87 671 000
Unpaid Taxes	832 000	764 000	681 000	789 000
Dividends	4 000 000	0	0	0
Other Current Debt	10 997 000	7 412 000	1 700 000	3 583 000
Total Current Debt	194 898 000	163 450 000	148 327 000	160 306 000
Total Equity and Debt	254 932 000	227 164 000	211 245 000	191 349 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,04 %	2,36 %	−24,93 %	1,85 %
Debt-to-Equity Ratio	0,64	0,89	0,91	0
Operating Profit Margin	2,33 %	0,67 %	−0,06 %	1,51 %
Current Ratio	1,2	1,25	1,28	1,1
Quick Ratio	1,53	1,57	1,71	1,5
Equity Ratio	0,14	0,15	0,16	0,16
Gross Profit Margin	5,21 %	3,99 %	3,09 %	4,37 %