WELLMEND AS

5216 LEPSØY

Finances

Share Ownership

Return on Equity

−354,74 %

Current Ratio

0,16

Debt-to-Equity Ratio

13,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 154 000	0	0	583 000
Net Income	−972 000	−1 980 000	−1 853 000	−718 000
Total Assets	14 835 000	10 437 000	10 819 000	8 719 000
Total Equity	274 000	1 245 000	3 226 000	5 079 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 154 000	0	0	583 000
Expenditure	1 497 000	1 546 000	1 477 000	1 298 000
Operating Profit	−343 000	−1 545 000	−1 477 000	−715 000
Financial Income	1 000	0	2 000	0
Financial Costs	630 000	435 000	378 000	3 000
Financial Balance	−629 000	−435 000	−376 000	−3 000
Earnings Before Tax	−972 000	−1 980 000	−1 853 000	−718 000
Tax	0	0	0	0
Net Income	−972 000	−1 980 000	−1 853 000	−718 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 125 000	10 914 000	8 951 000	6 903 000
Total Current Assets	1 710 000	−477 000	1 867 000	1 816 000
Total Assets	14 835 000	10 437 000	10 819 000	8 719 000
Total Retained Equity	−8 276 000	−7 304 000	−5 324 000	−3 471 000
Total Equity	274 000	1 245 000	3 226 000	5 079 000
Total Long-Term Debt	3 568 000	2 473 000	2 442 000	1 500 000
Total Current Debt	10 993 000	6 718 000	5 151 000	2 140 000
Total Equity and Debt	14 835 000	10 437 000	10 819 000	8 719 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	583 000
Other Income	1 154 000	0	0	0
Revenue	1 154 000	0	0	583 000
Cost of Goods Sold	11 000	3 000	0	5 000
Salary Costs	972 000	977 000	810 000	972 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 497 000	1 546 000	1 477 000	1 298 000
Operating Profit	−343 000	−1 545 000	−1 477 000	−715 000
Financial Income	1 000	0	2 000	0
Financial Costs	630 000	435 000	378 000	3 000
Financial Balance	−629 000	−435 000	−376 000	−3 000
Dividends	0	0	0	0
Net Income	−972 000	−1 980 000	−1 853 000	−718 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	13 125 000	10 914 000	8 951 000	6 903 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	13 125 000	10 914 000	8 951 000	6 903 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	43 000	−1 471 000	47 000	254 000
Total Current Assets	1 710 000	−477 000	1 867 000	1 816 000
Total Assets	14 835 000	10 437 000	10 819 000	8 719 000
Total Equity	274 000	1 245 000	3 226 000	5 079 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 568 000	2 473 000	2 442 000	1 500 000
Creditors	1 254 000	161 000	162 000	1 718 000
Unpaid Taxes	159 000	−44 000	79 000	65 000
Dividends	0	0	0	0
Other Current Debt	5 504 000	2 547 000	662 000	357 000
Total Current Debt	10 993 000	6 718 000	5 151 000	2 140 000
Total Equity and Debt	14 835 000	10 437 000	10 819 000	8 719 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−354,74 %	−159,04 %	−57,44 %	−14,14 %
Debt-to-Equity Ratio	13,02	1,99	0,76	0,3
Operating Profit Margin	−29,72 %	-	-	−122,64 %
Current Ratio	0,16	−0,07	0,36	0,85
Quick Ratio	0,16	−0,07	0,36	0,85
Equity Ratio	0,02	0,12	0,3	0,58
Gross Profit Margin	99,05 %	-	-	99,14 %