WELLSOFT AS

7010 TRONDHEIM

Finances

Share Ownership

Return on Equity

−71,06 %

Current Ratio

0,25

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	0	1 200 000	1 195 000
Net Income	−1 743 000	−66 000	−270 000
Total Assets	4 022 000	3 617 000	999 000
Total Equity	2 453 000	2 232 000	298 000

Income (NOK)	2022	2021	2020
Revenue	0	1 200 000	1 195 000
Expenditure	1 704 000	1 288 000	1 395 000
Operating Profit	−1 795 000	−88 000	−200 000
Financial Income	3 000	3 000	0
Financial Costs	2 000	0	0
Financial Balance	1 000	3 000	0
Earnings Before Tax	−1 794 000	−84 000	−200 000
Tax	−51 000	−19 000	70 000
Net Income	−1 743 000	−66 000	−270 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	3 636 000	2 067 000	733 000
Total Current Assets	386 000	1 550 000	266 000
Total Assets	4 022 000	3 617 000	999 000
Total Retained Equity	−1 561 000	182 000	248 000
Total Equity	2 453 000	2 232 000	298 000
Total Long-Term Debt	0	51 000	270 000
Total Current Debt	1 569 000	1 334 000	431 000
Total Equity and Debt	4 022 000	3 617 000	999 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	1 200 000	1 195 000
Other Income	0	0	0
Revenue	0	1 200 000	1 195 000
Cost of Goods Sold	0	1 033 000	1 320 000
Salary Costs	0	0	0
Depreciation	6 000	0	0
Impairment	0	0	0
Expenditure	1 704 000	1 288 000	1 395 000
Operating Profit	−1 795 000	−88 000	−200 000
Financial Income	3 000	3 000	0
Financial Costs	2 000	0	0
Financial Balance	1 000	3 000	0
Dividends	0	0	0
Net Income	−1 743 000	−66 000	−270 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	3 585 000	2 067 000	733 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	52 000	0	0
Total Tangible Assets	52 000	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	3 636 000	2 067 000	733 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	207 000	570 000	155 000
Total Current Assets	386 000	1 550 000	266 000
Total Assets	4 022 000	3 617 000	999 000
Total Equity	2 453 000	2 232 000	298 000
Short-Term Group Debt	0	1 000	0
Total Long-Term Debt	0	51 000	270 000
Creditors	0	1 160 000	431 000
Unpaid Taxes	0	0	0
Dividends	0	0	0
Other Current Debt	1 569 000	173 000	0
Total Current Debt	1 569 000	1 334 000	431 000
Total Equity and Debt	4 022 000	3 617 000	999 000

Financial indicators	2022	2021	2020
Return on Equity	−71,06 %	−2,96 %	−90,6 %
Debt-to-Equity Ratio	0	0,02	0,91
Operating Profit Margin	-	−7,33 %	−16,74 %
Current Ratio	0,25	1,16	0,62
Quick Ratio	0,25	1,16	0,62
Equity Ratio	0,61	0,62	0,3
Gross Profit Margin	-	13,92 %	−10,46 %