WELL CONTROL SYSTEMS AS

4033 STAVANGER

Finances

Return on Equity

3,42 %

Current Ratio

12,4

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 055 000	2 166 000	1 377 000	1 566 000
Net Income	309 000	331 000	153 000	266 000
Total Assets	9 367 000	9 300 000	8 623 000	5 005 000
Total Equity	9 026 000	8 717 000	8 386 000	3 234 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 055 000	2 166 000	1 377 000	1 566 000
Expenditure	2 881 000	1 842 000	1 238 000	1 369 000
Operating Profit	174 000	326 000	138 000	197 000
Financial Income	222 000	98 000	83 000	135 000
Financial Costs	0	0	25 000	0
Financial Balance	222 000	98 000	58 000	135 000
Earnings Before Tax	396 000	424 000	196 000	332 000
Tax	87 000	93 000	43 000	66 000
Net Income	309 000	331 000	153 000	266 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 137 000	5 137 000	5 137 000	100 000
Total Current Assets	4 230 000	4 163 000	3 486 000	4 905 000
Total Assets	9 367 000	9 300 000	8 623 000	5 005 000
Total Retained Equity	1 026 000	717 000	386 000	234 000
Total Equity	9 026 000	8 717 000	8 386 000	3 234 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	341 000	583 000	236 000	1 771 000
Total Equity and Debt	9 367 000	9 300 000	8 623 000	5 005 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 055 000	2 166 000	1 377 000	1 566 000
Other Income	0	0	0	0
Revenue	3 055 000	2 166 000	1 377 000	1 566 000
Cost of Goods Sold	1 978 000	1 126 000	520 000	0
Salary Costs	819 000	608 000	476 000	897 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 881 000	1 842 000	1 238 000	1 369 000
Operating Profit	174 000	326 000	138 000	197 000
Financial Income	222 000	98 000	83 000	135 000
Financial Costs	0	0	25 000	0
Financial Balance	222 000	98 000	58 000	135 000
Dividends	0	0	0	0
Net Income	309 000	331 000	153 000	266 000

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	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	5 137 000	5 137 000	5 137 000	100 000
Total Fixed Assets	5 137 000	5 137 000	5 137 000	100 000
Stock	0	150 000	31 000	0
Total Investments	0	0	0	0
Cash, Bank	74 000	39 000	73 000	12 000
Total Current Assets	4 230 000	4 163 000	3 486 000	4 905 000
Total Assets	9 367 000	9 300 000	8 623 000	5 005 000
Total Equity	9 026 000	8 717 000	8 386 000	3 234 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	11 000	126 000	0	17 000
Unpaid Taxes	157 000	163 000	141 000	111 000
Dividends	0	0	0	0
Other Current Debt	86 000	200 000	52 000	1 577 000
Total Current Debt	341 000	583 000	236 000	1 771 000
Total Equity and Debt	9 367 000	9 300 000	8 623 000	5 005 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,42 %	3,8 %	1,82 %	8,23 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	5,7 %	15,05 %	10,02 %	12,58 %
Current Ratio	12,4	7,14	14,77	2,77
Quick Ratio	12,4	9,61	17	2,77
Equity Ratio	0,96	0,94	0,97	0,65
Gross Profit Margin	35,25 %	48,01 %	62,24 %	100 %