WESTCO AS

4016 STAVANGER

Finances

Return on Equity

6,86 %

Current Ratio

3,28

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 924 000	19 031 000	21 088 000	24 160 000
Net Income	77 006 000	78 103 000	12 536 000	65 444 000
Total Assets	1 268 962 000	1 220 862 000	1 210 185 000	1 303 306 000
Total Equity	1 121 776 000	1 088 670 000	1 070 483 000	1 067 947 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 924 000	19 031 000	21 088 000	24 160 000
Expenditure	14 085 000	21 856 000	20 857 000	23 447 000
Operating Profit	−2 161 000	−2 826 000	232 000	713 000
Financial Income	83 201 000	88 478 000	54 582 000	68 614 000
Financial Costs	−291 000	787 000	33 702 000	3 807 000
Financial Balance	83 492 000	87 691 000	20 880 000	64 807 000
Earnings Before Tax	81 332 000	84 865 000	21 112 000	65 521 000
Tax	4 325 000	6 763 000	8 577 000	77 000
Net Income	77 006 000	78 103 000	12 536 000	65 444 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	882 444 000	888 797 000	846 340 000	871 497 000
Total Current Assets	386 519 000	332 065 000	363 845 000	431 810 000
Total Assets	1 268 962 000	1 220 862 000	1 210 185 000	1 303 306 000
Total Retained Equity	89 273 000	56 166 000	37 979 000	35 444 000
Total Equity	1 121 776 000	1 088 670 000	1 070 483 000	1 067 947 000
Total Long-Term Debt	29 290 000	11 391 000	11 968 000	66 801 000
Total Current Debt	117 896 000	120 801 000	127 735 000	168 558 000
Total Equity and Debt	1 268 962 000	1 220 862 000	1 210 185 000	1 303 306 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 924 000	17 643 000	21 000 000	24 133 000
Other Income	0	1 387 000	88 000	27 000
Revenue	11 924 000	19 031 000	21 088 000	24 160 000
Cost of Goods Sold	908 000	811 000	1 714 000	2 526 000
Salary Costs	5 492 000	9 242 000	8 664 000	8 535 000
Depreciation	1 390 000	2 470 000	4 083 000	5 406 000
Impairment	0	0	0	0
Expenditure	14 085 000	21 856 000	20 857 000	23 447 000
Operating Profit	−2 161 000	−2 826 000	232 000	713 000
Financial Income	83 201 000	88 478 000	54 582 000	68 614 000
Financial Costs	−291 000	787 000	33 702 000	3 807 000
Financial Balance	83 492 000	87 691 000	20 880 000	64 807 000
Dividends	40 000 000	0	10 000 000	30 000 000
Net Income	77 006 000	78 103 000	12 536 000	65 444 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 590 000	1 756 000	2 119 000	2 229 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	564 000	1 755 000	6 602 000	10 368 000
Fixtures	1 948 000	2 146 000	1 526 000	1 526 000
Total Tangible Assets	2 512 000	3 901 000	8 128 000	11 894 000
Total Fiancial Fixed Assets	878 342 000	883 140 000	836 093 000	857 374 000
Total Fixed Assets	882 444 000	888 797 000	846 340 000	871 497 000
Stock	0	0	0	0
Total Investments	189 283 000	182 061 000	171 986 000	193 288 000
Cash, Bank	44 470 000	25 222 000	51 279 000	82 836 000
Total Current Assets	386 519 000	332 065 000	363 845 000	431 810 000
Total Assets	1 268 962 000	1 220 862 000	1 210 185 000	1 303 306 000
Total Equity	1 121 776 000	1 088 670 000	1 070 483 000	1 067 947 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	29 290 000	11 391 000	11 968 000	66 801 000
Creditors	1 508 000	1 305 000	1 236 000	1 265 000
Unpaid Taxes	4 476 000	3 702 000	1 020 000	1 266 000
Dividends	40 000 000	0	10 000 000	30 000 000
Other Current Debt	22 511 000	81 057 000	59 729 000	34 940 000
Total Current Debt	117 896 000	120 801 000	127 735 000	168 558 000
Total Equity and Debt	1 268 962 000	1 220 862 000	1 210 185 000	1 303 306 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,86 %	7,17 %	1,17 %	6,13 %
Debt-to-Equity Ratio	0,03	0,01	0,01	0,06
Operating Profit Margin	−18,12 %	−14,85 %	1,1 %	2,95 %
Current Ratio	3,28	2,75	2,85	2,56
Quick Ratio	3,28	2,75	2,85	2,56
Equity Ratio	0,88	0,89	0,88	0,82
Gross Profit Margin	92,39 %	95,74 %	91,87 %	89,54 %