WELLCONNECTION WEPCO AS

4029 STAVANGER

Finances

Return on Equity

−61,52 %

Current Ratio

0,77

Debt-to-Equity Ratio

0,22

Key figures (NOK)	2021	2020	2019	2018
Revenue	94 934 000	104 844 000	91 543 000	79 788 000
Net Income	−3 949 000	−3 939 000	984 000	2 098 000
Total Assets	37 445 000	40 827 000	42 351 000	67 685 000
Total Equity	6 419 000	10 369 000	14 308 000	17 767 000

Income (NOK)	2021	2020	2019	2018
Revenue	94 934 000	104 844 000	91 543 000	79 788 000
Expenditure	99 885 000	109 322 000	90 075 000	82 130 000
Operating Profit	−4 950 000	−4 308 000	2 652 000	−2 391 000
Financial Income	1 000	−37 000	31 000	6 309 000
Financial Costs	433 000	503 000	1 698 000	1 820 000
Financial Balance	−432 000	−540 000	−1 667 000	4 489 000
Earnings Before Tax	−5 382 000	−4 848 000	984 000	2 098 000
Tax	−1 433 000	−909 000	0	0
Net Income	−3 949 000	−3 939 000	984 000	2 098 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	14 703 000	14 833 000	19 081 000	47 051 000
Total Current Assets	22 742 000	25 994 000	23 269 000	20 634 000
Total Assets	37 445 000	40 827 000	42 351 000	67 685 000
Total Retained Equity	−4 478 000	−528 000	3 411 000	2 342 000
Total Equity	6 419 000	10 369 000	14 308 000	17 767 000
Total Long-Term Debt	1 425 000	2 996 000	5 965 000	30 747 000
Total Current Debt	29 601 000	27 463 000	22 078 000	19 171 000
Total Equity and Debt	37 445 000	40 827 000	42 351 000	67 685 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	94 934 000	104 844 000	91 543 000	79 788 000
Other Income	0	0	0	0
Revenue	94 934 000	104 844 000	91 543 000	79 788 000
Cost of Goods Sold	25 643 000	26 667 000	21 894 000	21 620 000
Salary Costs	46 754 000	45 933 000	41 677 000	37 913 000
Depreciation	5 234 000	6 040 000	6 845 000	7 596 000
Impairment	0	0	0	0
Expenditure	99 885 000	109 322 000	90 075 000	82 130 000
Operating Profit	−4 950 000	−4 308 000	2 652 000	−2 391 000
Financial Income	1 000	−37 000	31 000	6 309 000
Financial Costs	433 000	503 000	1 698 000	1 820 000
Financial Balance	−432 000	−540 000	−1 667 000	4 489 000
Dividends	0	0	500 000	0
Net Income	−3 949 000	−3 939 000	984 000	2 098 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	2 500 000	1 067 000	158 000	851 000
Real Eastate	0	0	0	27 486 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	12 203 000	13 766 000	18 923 000	18 280 000
Total Tangible Assets	12 203 000	13 766 000	18 923 000	45 766 000
Total Fiancial Fixed Assets	0	0	0	435 000
Total Fixed Assets	14 703 000	14 833 000	19 081 000	47 051 000
Stock	2 169 000	3 094 000	2 859 000	1 478 000
Total Investments	0	0	0	0
Cash, Bank	1 766 000	2 077 000	1 712 000	1 540 000
Total Current Assets	22 742 000	25 994 000	23 269 000	20 634 000
Total Assets	37 445 000	40 827 000	42 351 000	67 685 000
Total Equity	6 419 000	10 369 000	14 308 000	17 767 000
Short-Term Group Debt	2 130 000	0	0	0
Total Long-Term Debt	1 425 000	2 996 000	5 965 000	30 747 000
Creditors	7 921 000	7 875 000	9 110 000	4 895 000
Unpaid Taxes	4 978 000	6 438 000	4 582 000	3 327 000
Dividends	0	0	500 000	0
Other Current Debt	7 302 000	8 608 000	5 795 000	4 883 000
Total Current Debt	29 601 000	27 463 000	22 078 000	19 171 000
Total Equity and Debt	37 445 000	40 827 000	42 351 000	67 685 000

Financial indicators	2021	2020	2019	2018
Return on Equity	−61,52 %	−37,99 %	6,88 %	11,81 %
Debt-to-Equity Ratio	0,22	0,29	0,42	1,73
Operating Profit Margin	−5,21 %	−4,11 %	2,9 %	−3 %
Current Ratio	0,77	0,95	1,05	1,08
Quick Ratio	0,83	1,07	1,21	1,17
Equity Ratio	0,17	0,25	0,34	0,26
Gross Profit Margin	72,99 %	74,57 %	76,08 %	72,9 %