NORD WELDING & ENGINEERING (NWE) AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

108,21 %

Current Ratio

1,59

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020
Revenue	6 508 000	6 620 000	2 813 000
Net Income	1 278 000	401 000	475 000
Total Assets	3 021 000	1 563 000	1 424 000
Total Equity	1 181 000	53 000	503 000

Income (NOK)	2022	2021	2020
Revenue	6 508 000	6 620 000	2 813 000
Expenditure	4 878 000	5 999 000	2 190 000
Operating Profit	1 629 000	621 000	623 000
Financial Income	77 000	10 000	18 000
Financial Costs	46 000	33 000	33 000
Financial Balance	31 000	−23 000	−15 000
Earnings Before Tax	1 660 000	598 000	609 000
Tax	382 000	197 000	134 000
Net Income	1 278 000	401 000	475 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	114 000	1 347 000	31 000
Total Current Assets	2 907 000	216 000	1 393 000
Total Assets	3 021 000	1 563 000	1 424 000
Total Retained Equity	1 151 000	23 000	473 000
Total Equity	1 181 000	53 000	503 000
Total Long-Term Debt	7 000	0	0
Total Current Debt	1 833 000	1 510 000	921 000
Total Equity and Debt	3 021 000	1 563 000	1 424 000

Cash flow (NOK)	2022	2021	2020
Sales Income	6 508 000	6 620 000	2 813 000
Other Income	0	0	0
Revenue	6 508 000	6 620 000	2 813 000
Cost of Goods Sold	3 234 000	3 549 000	1 846 000
Salary Costs	894 000	1 561 000	47 000
Depreciation	25 000	83 000	0
Impairment	0	0	0
Expenditure	4 878 000	5 999 000	2 190 000
Operating Profit	1 629 000	621 000	623 000
Financial Income	77 000	10 000	18 000
Financial Costs	46 000	33 000	33 000
Financial Balance	31 000	−23 000	−15 000
Dividends	150 000	850 000	0
Net Income	1 278 000	401 000	475 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	114 000	468 000	0
Fixtures	0	0	31 000
Total Tangible Assets	114 000	468 000	31 000
Total Fiancial Fixed Assets	0	879 000	0
Total Fixed Assets	114 000	1 347 000	31 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	434 000	122 000	93 000
Total Current Assets	2 907 000	216 000	1 393 000
Total Assets	3 021 000	1 563 000	1 424 000
Total Equity	1 181 000	53 000	503 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	7 000	0	0
Creditors	775 000	104 000	695 000
Unpaid Taxes	199 000	148 000	−72 000
Dividends	150 000	850 000	0
Other Current Debt	334 000	76 000	164 000
Total Current Debt	1 833 000	1 510 000	921 000
Total Equity and Debt	3 021 000	1 563 000	1 424 000

Financial indicators	2022	2021	2020
Return on Equity	108,21 %	756,6 %	94,43 %
Debt-to-Equity Ratio	0,01	0	0
Operating Profit Margin	25,03 %	9,38 %	22,15 %
Current Ratio	1,59	0,14	1,51
Quick Ratio	1,59	0,14	1,51
Equity Ratio	0,39	0,03	0,35
Gross Profit Margin	50,31 %	46,39 %	34,38 %