WEST MARINE AS

6080 GURSKØY

Finances

Share Ownership

Return on Equity

21,65 %

Current Ratio

1,76

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 317 000	2 336 000	1 959 000	1 371 000
Net Income	163 000	225 000	342 000	−301 000
Total Assets	1 242 000	1 249 000	1 039 000	296 000
Total Equity	753 000	590 000	365 000	−17 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 317 000	2 336 000	1 959 000	1 371 000
Expenditure	2 098 000	2 106 000	1 606 000	1 672 000
Operating Profit	219 000	230 000	354 000	−300 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	1 000
Financial Balance	−1 000	0	0	−1 000
Earnings Before Tax	218 000	230 000	354 000	−301 000
Tax	54 000	6 000	12 000	0
Net Income	163 000	225 000	342 000	−301 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	381 000	320 000	370 000	81 000
Total Current Assets	861 000	930 000	669 000	214 000
Total Assets	1 242 000	1 249 000	1 039 000	296 000
Total Retained Equity	916 000	753 000	528 000	−117 000
Total Equity	753 000	590 000	365 000	−17 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	489 000	659 000	674 000	312 000
Total Equity and Debt	1 242 000	1 249 000	1 039 000	296 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 317 000	2 336 000	1 959 000	1 327 000
Other Income	0	0	0	44 000
Revenue	2 317 000	2 336 000	1 959 000	1 371 000
Cost of Goods Sold	112 000	237 000	177 000	162 000
Salary Costs	1 443 000	1 459 000	1 018 000	1 135 000
Depreciation	48 000	51 000	45 000	38 000
Impairment	0	0	27 000	0
Expenditure	2 098 000	2 106 000	1 606 000	1 672 000
Operating Profit	219 000	230 000	354 000	−300 000
Financial Income	0	0	0	0
Financial Costs	1 000	0	0	1 000
Financial Balance	−1 000	0	0	−1 000
Dividends	0	0	0	0
Net Income	163 000	225 000	342 000	−301 000

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	57 000	80 000	106 000	71 000
Fixtures	130 000	45 000	70 000	10 000
Total Tangible Assets	187 000	126 000	176 000	81 000
Total Fiancial Fixed Assets	194 000	194 000	194 000	0
Total Fixed Assets	381 000	320 000	370 000	81 000
Stock	26 000	26 000	26 000	26 000
Total Investments	0	0	0	0
Cash, Bank	516 000	675 000	198 000	88 000
Total Current Assets	861 000	930 000	669 000	214 000
Total Assets	1 242 000	1 249 000	1 039 000	296 000
Total Equity	753 000	590 000	365 000	−17 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 000	3 000	0	3 000
Unpaid Taxes	181 000	276 000	189 000	71 000
Dividends	0	0	0	0
Other Current Debt	112 000	186 000	278 000	239 000
Total Current Debt	489 000	659 000	674 000	312 000
Total Equity and Debt	1 242 000	1 249 000	1 039 000	296 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,65 %	38,14 %	93,7 %	1 770,59 %
Debt-to-Equity Ratio	0	0	0	−0
Operating Profit Margin	9,45 %	9,85 %	18,07 %	−21,88 %
Current Ratio	1,76	1,41	0,99	0,69
Quick Ratio	1,86	1,47	1,03	0,75
Equity Ratio	0,61	0,47	0,35	−0,06
Gross Profit Margin	95,17 %	89,85 %	90,96 %	88,18 %