W. GIERTSEN VENTURES AS

5165 LAKSEVÅG

Finances

Return on Equity

−13,38 %

Current Ratio

2,05

Debt-to-Equity Ratio

2,98

Key figures (NOK)	2022	2021	2020	2019
Revenue	24 164 000	21 194 000	18 741 000	19 098 000
Net Income	−11 322 000	17 000	−2 136 000	−23 320 000
Total Assets	360 937 000	280 243 000	283 570 000	271 905 000
Total Equity	84 625 000	95 947 000	95 930 000	98 066 000

Income (NOK)	2022	2021	2020	2019
Revenue	24 164 000	21 194 000	18 741 000	19 098 000
Expenditure	16 037 000	12 360 000	11 924 000	12 074 000
Operating Profit	8 127 000	8 834 000	6 817 000	7 024 000
Financial Income	3 360 000	4 360 000	2 611 000	1 161 000
Financial Costs	20 752 000	11 627 000	10 301 000	30 438 000
Financial Balance	−17 392 000	−7 267 000	−7 690 000	−29 277 000
Earnings Before Tax	−9 265 000	1 567 000	−873 000	−22 253 000
Tax	2 057 000	1 551 000	1 263 000	1 066 000
Net Income	−11 322 000	17 000	−2 136 000	−23 320 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	311 945 000	243 832 000	248 384 000	245 887 000
Total Current Assets	48 991 000	36 412 000	35 186 000	26 019 000
Total Assets	360 937 000	280 243 000	283 570 000	271 905 000
Total Retained Equity	79 625 000	90 947 000	90 930 000	93 066 000
Total Equity	84 625 000	95 947 000	95 930 000	98 066 000
Total Long-Term Debt	252 375 000	160 860 000	161 452 000	147 064 000
Total Current Debt	23 937 000	23 436 000	26 188 000	26 775 000
Total Equity and Debt	360 937 000	280 243 000	283 570 000	271 905 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 411 000	18 743 000	17 315 000	16 322 000
Other Income	3 753 000	2 450 000	1 426 000	2 776 000
Revenue	24 164 000	21 194 000	18 741 000	19 098 000
Cost of Goods Sold	21 000	8 000	0	0
Salary Costs	1 053 000	1 063 000	1 258 000	1 208 000
Depreciation	3 800 000	4 267 000	4 745 000	4 728 000
Impairment	0	0	0	0
Expenditure	16 037 000	12 360 000	11 924 000	12 074 000
Operating Profit	8 127 000	8 834 000	6 817 000	7 024 000
Financial Income	3 360 000	4 360 000	2 611 000	1 161 000
Financial Costs	20 752 000	11 627 000	10 301 000	30 438 000
Financial Balance	−17 392 000	−7 267 000	−7 690 000	−29 277 000
Dividends	0	0	0	0
Net Income	−11 322 000	17 000	−2 136 000	−23 320 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	222 444 000	225 018 000	227 844 000	230 669 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	6 348 000	4 625 000	6 067 000	7 904 000
Total Tangible Assets	228 791 000	229 643 000	233 911 000	238 573 000
Total Fiancial Fixed Assets	83 154 000	14 188 000	14 473 000	7 313 000
Total Fixed Assets	311 945 000	243 832 000	248 384 000	245 887 000
Stock	0	0	0	0
Total Investments	932 000	851 000	513 000	491 000
Cash, Bank	20 147 000	58 000	44 000	1 081 000
Total Current Assets	48 991 000	36 412 000	35 186 000	26 019 000
Total Assets	360 937 000	280 243 000	283 570 000	271 905 000
Total Equity	84 625 000	95 947 000	95 930 000	98 066 000
Short-Term Group Debt	19 630 000	1 714 000	10 292 000	13 302 000
Total Long-Term Debt	252 375 000	160 860 000	161 452 000	147 064 000
Creditors	3 417 000	769 000	559 000	243 000
Unpaid Taxes	0	977 000	433 000	920 000
Dividends	0	0	0	0
Other Current Debt	890 000	6 193 000	3 701 000	4 805 000
Total Current Debt	23 937 000	23 436 000	26 188 000	26 775 000
Total Equity and Debt	360 937 000	280 243 000	283 570 000	271 905 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,38 %	0,02 %	−2,23 %	−23,78 %
Debt-to-Equity Ratio	2,98	1,68	1,68	1,5
Operating Profit Margin	33,63 %	41,68 %	36,37 %	36,78 %
Current Ratio	2,05	1,55	1,34	0,97
Quick Ratio	2,05	1,55	1,34	0,97
Equity Ratio	0,23	0,34	0,34	0,36
Gross Profit Margin	99,91 %	99,96 %	100 %	100 %