WESSELS AS

4016 STAVANGER

Finances

Return on Equity

0,1 %

Current Ratio

13,3

Debt-to-Equity Ratio

4,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	250 000	150 000	150 000	363 000
Net Income	3 000	−166 000	−229 000	−293 000
Total Assets	15 846 000	15 692 000	16 561 000	13 884 000
Total Equity	3 056 000	3 053 000	3 053 000	−27 000

Income (NOK)	2022	2021	2020	2019
Revenue	250 000	150 000	150 000	363 000
Expenditure	11 000	64 000	57 000	192 000
Operating Profit	239 000	86 000	93 000	171 000
Financial Income	−5 000	0	0	0
Financial Costs	230 000	299 000	410 000	522 000
Financial Balance	−235 000	−299 000	−410 000	−522 000
Earnings Before Tax	4 000	−213 000	−317 000	−351 000
Tax	1 000	−47 000	−87 000	−58 000
Net Income	3 000	−166 000	−229 000	−293 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 918 000	12 978 000	12 978 000	12 978 000
Total Current Assets	2 927 000	2 713 000	3 583 000	906 000
Total Assets	15 846 000	15 692 000	16 561 000	13 884 000
Total Retained Equity	3 000	0	0	−87 000
Total Equity	3 056 000	3 053 000	3 053 000	−27 000
Total Long-Term Debt	12 569 000	12 569 000	12 433 000	12 804 000
Total Current Debt	220 000	69 000	1 075 000	1 107 000
Total Equity and Debt	15 846 000	15 692 000	16 561 000	13 884 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	150 000	150 000	363 000
Other Income	250 000	0	0	0
Revenue	250 000	150 000	150 000	363 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	11 000	64 000	57 000	192 000
Operating Profit	239 000	86 000	93 000	171 000
Financial Income	−5 000	0	0	0
Financial Costs	230 000	299 000	410 000	522 000
Financial Balance	−235 000	−299 000	−410 000	−522 000
Dividends	0	0	0	0
Net Income	3 000	−166 000	−229 000	−293 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	12 918 000	12 918 000	12 918 000	12 918 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	12 918 000	12 918 000	12 918 000	12 918 000
Total Fiancial Fixed Assets	0	60 000	60 000	60 000
Total Fixed Assets	12 918 000	12 978 000	12 978 000	12 978 000
Stock	0	0	0	0
Total Investments	60 000	0	0	0
Cash, Bank	112 000	200 000	3 181 000	236 000
Total Current Assets	2 927 000	2 713 000	3 583 000	906 000
Total Assets	15 846 000	15 692 000	16 561 000	13 884 000
Total Equity	3 056 000	3 053 000	3 053 000	−27 000
Short-Term Group Debt	0	0	1 049 000	1 043 000
Total Long-Term Debt	12 569 000	12 569 000	12 433 000	12 804 000
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	219 000	69 000	25 000	65 000
Total Current Debt	220 000	69 000	1 075 000	1 107 000
Total Equity and Debt	15 846 000	15 692 000	16 561 000	13 884 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,1 %	−5,44 %	−7,5 %	1 085,19 %
Debt-to-Equity Ratio	4,11	4,12	4,07	−474,22
Operating Profit Margin	95,6 %	57,33 %	62 %	47,11 %
Current Ratio	13,3	39,32	3,33	0,82
Quick Ratio	13,3	39,32	3,33	0,82
Equity Ratio	0,19	0,19	0,18	−0
Gross Profit Margin	100 %	100 %	100 %	100 %