WESSELS1 AS

4016 STAVANGER

Finances

Share Ownership

Return on Equity

3,7 %

Current Ratio

0,16

Debt-to-Equity Ratio

−26,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	445 000	307 000	363 000	574 000
Net Income	2 000	−48 000	−36 000	22 000
Total Assets	251 000	344 000	169 000	137 000
Total Equity	54 000	52 000	52 000	52 000

Income (NOK)	2022	2021	2020	2019
Revenue	445 000	307 000	363 000	574 000
Expenditure	437 000	369 000	409 000	539 000
Operating Profit	8 000	−61 000	−46 000	35 000
Financial Income	0	0	0	0
Financial Costs	5 000	0	0	0
Financial Balance	−5 000	0	0	0
Earnings Before Tax	2 000	−62 000	−46 000	35 000
Tax	1 000	−14 000	−10 000	12 000
Net Income	2 000	−48 000	−36 000	22 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	251 000	344 000	169 000	137 000
Total Assets	251 000	344 000	169 000	137 000
Total Retained Equity	2 000	0	0	22 000
Total Equity	54 000	52 000	52 000	52 000
Total Long-Term Debt	−1 411 000	0	0	0
Total Current Debt	1 610 000	292 000	116 000	84 000
Total Equity and Debt	253 000	344 000	169 000	137 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 000	0	0	0
Other Income	440 000	307 000	363 000	574 000
Revenue	445 000	307 000	363 000	574 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	3 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	437 000	369 000	409 000	539 000
Operating Profit	8 000	−61 000	−46 000	35 000
Financial Income	0	0	0	0
Financial Costs	5 000	0	0	0
Financial Balance	−5 000	0	0	0
Dividends	0	0	0	0
Net Income	2 000	−48 000	−36 000	22 000

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	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 000	237 000	12 000	137 000
Total Current Assets	251 000	344 000	169 000	137 000
Total Assets	251 000	344 000	169 000	137 000
Total Equity	54 000	52 000	52 000	52 000
Short-Term Group Debt	0	126 000	116 000	72 000
Total Long-Term Debt	−1 411 000	0	0	0
Creditors	185 000	162 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	1 424 000	4 000	0	0
Total Current Debt	1 610 000	292 000	116 000	84 000
Total Equity and Debt	253 000	344 000	169 000	137 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,7 %	−92,31 %	−69,23 %	42,31 %
Debt-to-Equity Ratio	−26,13	0	0	0
Operating Profit Margin	1,8 %	−19,87 %	−12,67 %	6,1 %
Current Ratio	0,16	1,18	1,46	1,63
Quick Ratio	0,16	1,18	1,46	1,63
Equity Ratio	0,22	0,15	0,31	0,38
Gross Profit Margin	100 %	100 %	100 %	100 %