WELLTECH AS

3179 ÅSGÅRDSTRAND

Finances

Share Ownership

Return on Equity

−310 %

Current Ratio

0,88

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 180 000	425 000	146 000	313 000
Net Income	−62 000	64 000	−41 000	8 000
Total Assets	846 000	799 000	341 000	376 000
Total Equity	20 000	82 000	18 000	59 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 180 000	425 000	146 000	313 000
Expenditure	1 243 000	338 000	210 000	303 000
Operating Profit	−64 000	87 000	−64 000	10 000
Financial Income	6 000	1 000	0	1 000
Financial Costs	7 000	5 000	1 000	1 000
Financial Balance	−1 000	−4 000	−1 000	0
Earnings Before Tax	−65 000	83 000	−65 000	10 000
Tax	−3 000	19 000	−23 000	2 000
Net Income	−62 000	64 000	−41 000	8 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	119 000	79 000	82 000	90 000
Total Current Assets	727 000	720 000	260 000	286 000
Total Assets	846 000	799 000	341 000	376 000
Total Retained Equity	−8 000	54 000	−10 000	32 000
Total Equity	20 000	82 000	18 000	59 000
Total Long-Term Debt	0	3 000	0	3 000
Total Current Debt	826 000	714 000	324 000	314 000
Total Equity and Debt	846 000	799 000	341 000	376 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 153 000	290 000	110 000	277 000
Other Income	27 000	136 000	36 000	36 000
Revenue	1 180 000	425 000	146 000	313 000
Cost of Goods Sold	735 000	150 000	100 000	130 000
Salary Costs	4 000	0	0	0
Depreciation	35 000	20 000	24 000	24 000
Impairment	0	0	0	0
Expenditure	1 243 000	338 000	210 000	303 000
Operating Profit	−64 000	87 000	−64 000	10 000
Financial Income	6 000	1 000	0	1 000
Financial Costs	7 000	5 000	1 000	1 000
Financial Balance	−1 000	−4 000	−1 000	0
Dividends	0	0	0	0
Net Income	−62 000	64 000	−41 000	8 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	16 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	119 000	79 000	66 000	90 000
Total Tangible Assets	119 000	79 000	66 000	90 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	119 000	79 000	82 000	90 000
Stock	381 000	335 000	0	0
Total Investments	0	0	0	0
Cash, Bank	346 000	118 000	251 000	147 000
Total Current Assets	727 000	720 000	260 000	286 000
Total Assets	846 000	799 000	341 000	376 000
Total Equity	20 000	82 000	18 000	59 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	3 000	0	3 000
Creditors	529 000	611 000	300 000	309 000
Unpaid Taxes	246 000	103 000	24 000	2 000
Dividends	0	0	0	0
Other Current Debt	51 000	0	0	0
Total Current Debt	826 000	714 000	324 000	314 000
Total Equity and Debt	846 000	799 000	341 000	376 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−310 %	78,05 %	−227,78 %	13,56 %
Debt-to-Equity Ratio	0	0,04	0	0,05
Operating Profit Margin	−5,42 %	20,47 %	−43,84 %	3,19 %
Current Ratio	0,88	1,01	0,8	0,91
Quick Ratio	1,63	1,9	0,8	0,91
Equity Ratio	0,02	0,1	0,05	0,16
Gross Profit Margin	37,71 %	64,71 %	31,51 %	58,47 %