WESTRE INVEST AS

6005 ÅLESUND

Finances

Return on Equity

−190,88 %

Current Ratio

0,11

Debt-to-Equity Ratio

7,7

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 532 000	2 729 000	2 581 000	2 570 000
Net Income	−6 448 000	−6 614 000	−5 265 000	−7 165 000
Total Assets	101 934 000	92 743 000	79 938 000	78 726 000
Total Equity	3 378 000	3 486 000	7 760 000	11 316 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 532 000	2 729 000	2 581 000	2 570 000
Expenditure	7 379 000	7 946 000	6 656 000	8 933 000
Operating Profit	−4 848 000	−5 217 000	−4 074 000	−6 362 000
Financial Income	1 051 000	633 000	634 000	1 061 000
Financial Costs	4 466 000	3 891 000	3 298 000	3 875 000
Financial Balance	−3 415 000	−3 258 000	−2 664 000	−2 814 000
Earnings Before Tax	−8 263 000	−8 475 000	−6 738 000	−9 177 000
Tax	−1 814 000	−1 861 000	−1 474 000	−2 011 000
Net Income	−6 448 000	−6 614 000	−5 265 000	−7 165 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	94 266 000	89 465 000	77 276 000	77 421 000
Total Current Assets	7 668 000	3 278 000	2 663 000	1 304 000
Total Assets	101 934 000	92 743 000	79 938 000	78 726 000
Total Retained Equity	−5 455 000	−5 347 000	−1 073 000	2 483 000
Total Equity	3 378 000	3 486 000	7 760 000	11 316 000
Total Long-Term Debt	26 000 000	25 400 000	16 200 000	17 200 000
Total Current Debt	72 556 000	63 857 000	55 979 000	50 209 000
Total Equity and Debt	101 934 000	92 743 000	79 938 000	78 726 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 777 000	1 906 000	1 869 000	1 862 000
Other Income	755 000	823 000	712 000	709 000
Revenue	2 532 000	2 729 000	2 581 000	2 570 000
Cost of Goods Sold	0	3 000	13 000	2 000
Salary Costs	4 505 000	4 461 000	3 263 000	5 586 000
Depreciation	53 000	53 000	95 000	140 000
Impairment	0	0	0	0
Expenditure	7 379 000	7 946 000	6 656 000	8 933 000
Operating Profit	−4 848 000	−5 217 000	−4 074 000	−6 362 000
Financial Income	1 051 000	633 000	634 000	1 061 000
Financial Costs	4 466 000	3 891 000	3 298 000	3 875 000
Financial Balance	−3 415 000	−3 258 000	−2 664 000	−2 814 000
Dividends	0	0	0	0
Net Income	−6 448 000	−6 614 000	−5 265 000	−7 165 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 519 000	5 365 000	4 164 000	3 172 000
Real Eastate	12 347 000	12 375 000	7 003 000	7 030 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	150 000	154 000	180 000	248 000
Total Tangible Assets	12 498 000	12 529 000	7 184 000	7 278 000
Total Fiancial Fixed Assets	75 249 000	71 571 000	65 928 000	66 970 000
Total Fixed Assets	94 266 000	89 465 000	77 276 000	77 421 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	542 000	144 000	310 000	1 136 000
Total Current Assets	7 668 000	3 278 000	2 663 000	1 304 000
Total Assets	101 934 000	92 743 000	79 938 000	78 726 000
Total Equity	3 378 000	3 486 000	7 760 000	11 316 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	26 000 000	25 400 000	16 200 000	17 200 000
Creditors	525 000	530 000	483 000	485 000
Unpaid Taxes	712 000	244 000	329 000	1 533 000
Dividends	0	0	0	0
Other Current Debt	71 320 000	63 083 000	55 166 000	48 191 000
Total Current Debt	72 556 000	63 857 000	55 979 000	50 209 000
Total Equity and Debt	101 934 000	92 743 000	79 938 000	78 726 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−190,88 %	−189,73 %	−67,85 %	−63,32 %
Debt-to-Equity Ratio	7,7	7,29	2,09	1,52
Operating Profit Margin	−191,47 %	−191,17 %	−157,85 %	−247,55 %
Current Ratio	0,11	0,05	0,05	0,03
Quick Ratio	0,11	0,05	0,05	0,03
Equity Ratio	0,03	0,04	0,1	0,14
Gross Profit Margin	100 %	99,89 %	99,5 %	99,92 %