WELLSTRØM AS

4053 RÆGE

Finances

Share Ownership

Return on Equity

−43,73 %

Current Ratio

2,83

Debt-to-Equity Ratio

1,03

Key figures (NOK)	2022	2021	2020
Revenue	31 000	1 591 000	532 000
Net Income	−2 739 000	−382 000	−781 000
Total Assets	17 722 000	6 776 000	3 217 000
Total Equity	6 264 000	1 408 000	1 790 000

Income (NOK)	2022	2021	2020
Revenue	31 000	1 591 000	532 000
Expenditure	2 724 000	1 942 000	1 311 000
Operating Profit	−2 692 000	−351 000	−779 000
Financial Income	264 000	88 000	0
Financial Costs	311 000	119 000	3 000
Financial Balance	−47 000	−31 000	−3 000
Earnings Before Tax	−2 739 000	−382 000	−781 000
Tax	0	0	0
Net Income	−2 739 000	−382 000	−781 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	3 476 000	3 152 000	1 725 000
Total Current Assets	14 246 000	3 624 000	1 492 000
Total Assets	17 722 000	6 776 000	3 217 000
Total Retained Equity	0	0	0
Total Equity	6 264 000	1 408 000	1 790 000
Total Long-Term Debt	6 424 000	3 024 000	600 000
Total Current Debt	5 034 000	2 344 000	827 000
Total Equity and Debt	17 722 000	6 776 000	3 217 000

Cash flow (NOK)	2022	2021	2020
Sales Income	31 000	1 591 000	0
Other Income	0	0	532 000
Revenue	31 000	1 591 000	532 000
Cost of Goods Sold	0	856 000	527 000
Salary Costs	718 000	339 000	210 000
Depreciation	18 000	3 000	0
Impairment	0	0	0
Expenditure	2 724 000	1 942 000	1 311 000
Operating Profit	−2 692 000	−351 000	−779 000
Financial Income	264 000	88 000	0
Financial Costs	311 000	119 000	3 000
Financial Balance	−47 000	−31 000	−3 000
Dividends	0	0	0
Net Income	−2 739 000	−382 000	−781 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	3 420 000	3 119 000	1 725 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	57 000	33 000	0
Total Tangible Assets	57 000	33 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	3 476 000	3 152 000	1 725 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	9 963 000	1 710 000	305 000
Total Current Assets	14 246 000	3 624 000	1 492 000
Total Assets	17 722 000	6 776 000	3 217 000
Total Equity	6 264 000	1 408 000	1 790 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	6 424 000	3 024 000	600 000
Creditors	1 463 000	423 000	561 000
Unpaid Taxes	269 000	120 000	112 000
Dividends	0	0	0
Other Current Debt	3 302 000	1 800 000	154 000
Total Current Debt	5 034 000	2 344 000	827 000
Total Equity and Debt	17 722 000	6 776 000	3 217 000

Financial indicators	2022	2021	2020
Return on Equity	−43,73 %	−27,13 %	−43,63 %
Debt-to-Equity Ratio	1,03	2,15	0,34
Operating Profit Margin	−8 683,87 %	−22,06 %	−146,43 %
Current Ratio	2,83	1,55	1,8
Quick Ratio	2,83	1,55	1,8
Equity Ratio	0,35	0,21	0,56
Gross Profit Margin	100 %	46,2 %	0,94 %