WESTCHART AS

5059 BERGEN

Finances

Share Ownership

Return on Equity

10,29 %

Current Ratio

1,58

Debt-to-Equity Ratio

1,49

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 948 000	14 661 000	14 381 000	15 045 000
Net Income	313 000	626 000	−243 000	226 000
Total Assets	17 728 000	8 433 000	8 323 000	10 088 000
Total Equity	3 041 000	2 875 000	2 266 000	2 177 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 948 000	14 661 000	14 381 000	15 045 000
Expenditure	18 693 000	13 957 000	14 044 000	14 746 000
Operating Profit	255 000	704 000	337 000	298 000
Financial Income	293 000	126 000	18 000	126 000
Financial Costs	−3 000	5 000	639 000	1 000
Financial Balance	296 000	121 000	−621 000	125 000
Earnings Before Tax	552 000	825 000	−284 000	423 000
Tax	239 000	199 000	−40 000	197 000
Net Income	313 000	626 000	−243 000	226 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 682 000	1 619 000	1 835 000	1 913 000
Total Current Assets	16 046 000	6 814 000	6 488 000	8 175 000
Total Assets	17 728 000	8 433 000	8 323 000	10 088 000
Total Retained Equity	−225 000	609 000	0	0
Total Equity	3 041 000	2 875 000	2 266 000	2 177 000
Total Long-Term Debt	4 536 000	4 403 000	5 063 000	5 821 000
Total Current Debt	10 151 000	1 154 000	994 000	2 090 000
Total Equity and Debt	17 728 000	8 433 000	8 323 000	10 088 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	18 948 000	14 661 000	14 381 000	15 045 000
Revenue	18 948 000	14 661 000	14 381 000	15 045 000
Cost of Goods Sold	0	0	0	0
Salary Costs	9 832 000	6 311 000	6 592 000	6 981 000
Depreciation	22 000	22 000	24 000	25 000
Impairment	0	0	0	0
Expenditure	18 693 000	13 957 000	14 044 000	14 746 000
Operating Profit	255 000	704 000	337 000	298 000
Financial Income	293 000	126 000	18 000	126 000
Financial Costs	−3 000	5 000	639 000	1 000
Financial Balance	296 000	121 000	−621 000	125 000
Dividends	0	0	0	0
Net Income	313 000	626 000	−243 000	226 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 681 000	1 597 000	1 791 000	1 845 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 000	22 000	44 000	68 000
Total Tangible Assets	1 000	22 000	44 000	68 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 682 000	1 619 000	1 835 000	1 913 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	13 126 000	3 643 000	5 490 000	4 322 000
Total Current Assets	16 046 000	6 814 000	6 488 000	8 175 000
Total Assets	17 728 000	8 433 000	8 323 000	10 088 000
Total Equity	3 041 000	2 875 000	2 266 000	2 177 000
Short-Term Group Debt	0	0	0	1 122 000
Total Long-Term Debt	4 536 000	4 403 000	5 063 000	5 821 000
Creditors	0	134 000	0	2 000
Unpaid Taxes	1 480 000	476 000	498 000	500 000
Dividends	0	0	0	0
Other Current Debt	8 671 000	545 000	496 000	467 000
Total Current Debt	10 151 000	1 154 000	994 000	2 090 000
Total Equity and Debt	17 728 000	8 433 000	8 323 000	10 088 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,29 %	21,77 %	−10,72 %	10,38 %
Debt-to-Equity Ratio	1,49	1,53	2,23	2,67
Operating Profit Margin	1,35 %	4,8 %	2,34 %	1,98 %
Current Ratio	1,58	5,9	6,53	3,91
Quick Ratio	1,58	5,9	6,53	3,91
Equity Ratio	0,17	0,34	0,27	0,22
Gross Profit Margin	100 %	100 %	100 %	100 %