WESTERMOEN AS

4886 GRIMSTAD

Finances

Return on Equity

2,37 %

Current Ratio

4,93

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 335 000	1 568 000	1 440 000	1 172 000
Net Income	12 000	118 000	50 000	−57 000
Total Assets	627 000	665 000	554 000	508 000
Total Equity	507 000	496 000	378 000	328 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 335 000	1 568 000	1 440 000	1 172 000
Expenditure	1 320 000	1 430 000	1 390 000	1 229 000
Operating Profit	16 000	139 000	50 000	−57 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	16 000	139 000	50 000	−57 000
Tax	5 000	21 000	0	0
Net Income	12 000	118 000	50 000	−57 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	34 000	49 000	43 000	24 000
Total Current Assets	592 000	616 000	511 000	484 000
Total Assets	627 000	665 000	554 000	508 000
Total Retained Equity	407 000	396 000	278 000	228 000
Total Equity	507 000	496 000	378 000	328 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	120 000	169 000	176 000	180 000
Total Equity and Debt	627 000	665 000	554 000	508 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 335 000	1 565 000	1 437 000	1 165 000
Other Income	0	4 000	3 000	7 000
Revenue	1 335 000	1 568 000	1 440 000	1 172 000
Cost of Goods Sold	581 000	623 000	630 000	415 000
Salary Costs	495 000	504 000	502 000	504 000
Depreciation	15 000	12 000	10 000	10 000
Impairment	0	0	0	0
Expenditure	1 320 000	1 430 000	1 390 000	1 229 000
Operating Profit	16 000	139 000	50 000	−57 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	12 000	118 000	50 000	−57 000

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	34 000	49 000	43 000	24 000
Fixtures	0	0	0	0
Total Tangible Assets	34 000	49 000	43 000	24 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	34 000	49 000	43 000	24 000
Stock	257 000	228 000	296 000	265 000
Total Investments	0	0	0	0
Cash, Bank	336 000	386 000	184 000	213 000
Total Current Assets	592 000	616 000	511 000	484 000
Total Assets	627 000	665 000	554 000	508 000
Total Equity	507 000	496 000	378 000	328 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	33 000	2 000	3 000
Unpaid Taxes	43 000	38 000	85 000	61 000
Dividends	0	0	0	0
Other Current Debt	72 000	77 000	89 000	117 000
Total Current Debt	120 000	169 000	176 000	180 000
Total Equity and Debt	627 000	665 000	554 000	508 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,37 %	23,79 %	13,23 %	−17,38 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,2 %	8,86 %	3,47 %	−4,86 %
Current Ratio	4,93	3,64	2,9	2,69
Quick Ratio	−4,32	−10,44	−4,26	−5,69
Equity Ratio	0,81	0,75	0,68	0,65
Gross Profit Margin	56,48 %	60,27 %	56,25 %	64,59 %