WESTFAL-LARSEN GROUP RESOURCES AS

5059 BERGEN

Finances

Share Ownership

Return on Equity

15,47 %

Current Ratio

1,7

Debt-to-Equity Ratio

0,06

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 138 000	29 182 000	30 017 000	29 170 000
Net Income	1 365 000	1 036 000	914 000	890 000
Total Assets	17 025 000	17 319 000	15 170 000	12 944 000
Total Equity	8 825 000	6 080 000	6 082 000	6 073 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 138 000	29 182 000	30 017 000	29 170 000
Expenditure	33 175 000	27 551 000	28 532 000	27 683 000
Operating Profit	1 962 000	1 631 000	1 485 000	1 487 000
Financial Income	174 000	103 000	−313 000	101 000
Financial Costs	379 000	409 000	425 000	441 000
Financial Balance	−205 000	−306 000	−738 000	−340 000
Earnings Before Tax	1 757 000	1 329 000	1 173 000	1 147 000
Tax	392 000	293 000	259 000	258 000
Net Income	1 365 000	1 036 000	914 000	890 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 999 000	4 468 000	5 591 000	6 044 000
Total Current Assets	13 026 000	12 851 000	9 580 000	6 900 000
Total Assets	17 025 000	17 319 000	15 170 000	12 944 000
Total Retained Equity	552 000	0	0	0
Total Equity	8 825 000	6 080 000	6 082 000	6 073 000
Total Long-Term Debt	532 000	1 213 000	2 219 000	1 550 000
Total Current Debt	7 668 000	10 026 000	6 869 000	5 322 000
Total Equity and Debt	17 025 000	17 319 000	15 170 000	12 944 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	34 116 000	28 131 000	28 928 000	27 988 000
Other Income	1 022 000	1 052 000	1 089 000	1 182 000
Revenue	35 138 000	29 182 000	30 017 000	29 170 000
Cost of Goods Sold	0	0	0	0
Salary Costs	23 465 000	17 525 000	18 663 000	18 283 000
Depreciation	986 000	1 450 000	1 574 000	1 373 000
Impairment	0	0	0	0
Expenditure	33 175 000	27 551 000	28 532 000	27 683 000
Operating Profit	1 962 000	1 631 000	1 485 000	1 487 000
Financial Income	174 000	103 000	−313 000	101 000
Financial Costs	379 000	409 000	425 000	441 000
Financial Balance	−205 000	−306 000	−738 000	−340 000
Dividends	0	0	0	0
Net Income	1 365 000	1 036 000	914 000	890 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	427 000	854 000
Total Intangible Assets	1 019 000	1 181 000	1 559 000	1 643 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 980 000	3 287 000	4 031 000	4 401 000
Total Tangible Assets	2 980 000	3 287 000	4 031 000	4 401 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 999 000	4 468 000	5 591 000	6 044 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 193 000	4 815 000	3 009 000	2 685 000
Total Current Assets	13 026 000	12 851 000	9 580 000	6 900 000
Total Assets	17 025 000	17 319 000	15 170 000	12 944 000
Total Equity	8 825 000	6 080 000	6 082 000	6 073 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	532 000	1 213 000	2 219 000	1 550 000
Creditors	326 000	50 000	144 000	256 000
Unpaid Taxes	2 760 000	1 204 000	1 196 000	1 097 000
Dividends	0	0	0	0
Other Current Debt	4 582 000	8 772 000	5 530 000	3 968 000
Total Current Debt	7 668 000	10 026 000	6 869 000	5 322 000
Total Equity and Debt	17 025 000	17 319 000	15 170 000	12 944 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,47 %	17,04 %	15,03 %	14,66 %
Debt-to-Equity Ratio	0,06	0,2	0,36	0,26
Operating Profit Margin	5,58 %	5,59 %	4,95 %	5,1 %
Current Ratio	1,7	1,28	1,39	1,3
Quick Ratio	1,7	1,28	1,39	1,3
Equity Ratio	0,52	0,35	0,4	0,47
Gross Profit Margin	100 %	100 %	100 %	100 %