WESTRE EIENDOMSSELSKAP AS

6005 ÅLESUND

Finances

Share Ownership

Return on Equity

−409,01 %

Current Ratio

1,07

Debt-to-Equity Ratio

35,69

Key figures (NOK)	2022	2021	2020	2019
Revenue	41 860 000	4 346 000	12 242 000	9 634 000
Net Income	−4 859 000	−3 238 000	−2 122 000	−3 252 000
Total Assets	86 223 000	117 995 000	84 485 000	81 107 000
Total Equity	1 188 000	1 820 000	3 248 000	3 030 000

Income (NOK)	2022	2021	2020	2019
Revenue	41 860 000	4 346 000	12 242 000	9 634 000
Expenditure	44 273 000	4 969 000	11 636 000	10 749 000
Operating Profit	−2 413 000	−623 000	606 000	−1 115 000
Financial Income	1 000	2 000	11 000	16 000
Financial Costs	3 817 000	3 530 000	3 338 000	3 069 000
Financial Balance	−3 816 000	−3 528 000	−3 327 000	−3 053 000
Earnings Before Tax	−6 229 000	−4 152 000	−2 720 000	−4 169 000
Tax	−1 370 000	−913 000	−598 000	−917 000
Net Income	−4 859 000	−3 238 000	−2 122 000	−3 252 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	40 588 000	39 580 000	39 205 000	36 199 000
Total Current Assets	45 635 000	78 415 000	45 280 000	44 909 000
Total Assets	86 223 000	117 995 000	84 485 000	81 107 000
Total Retained Equity	495 000	1 127 000	2 554 000	2 336 000
Total Equity	1 188 000	1 820 000	3 248 000	3 030 000
Total Long-Term Debt	42 400 000	42 400 000	42 900 000	42 900 000
Total Current Debt	42 635 000	73 775 000	38 337 000	35 178 000
Total Equity and Debt	86 223 000	117 995 000	84 485 000	81 107 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	40 421 000	2 787 000	10 707 000	8 007 000
Other Income	1 439 000	1 559 000	1 535 000	1 626 000
Revenue	41 860 000	4 346 000	12 242 000	9 634 000
Cost of Goods Sold	41 986 000	2 650 000	9 286 000	8 106 000
Salary Costs	0	0	0	0
Depreciation	28 000	28 000	56 000	0
Impairment	0	0	0	0
Expenditure	44 273 000	4 969 000	11 636 000	10 749 000
Operating Profit	−2 413 000	−623 000	606 000	−1 115 000
Financial Income	1 000	2 000	11 000	16 000
Financial Costs	3 817 000	3 530 000	3 338 000	3 069 000
Financial Balance	−3 816 000	−3 528 000	−3 327 000	−3 053 000
Dividends	0	0	0	0
Net Income	−4 859 000	−3 238 000	−2 122 000	−3 252 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 086 000	1 061 000	659 000	720 000
Real Eastate	38 475 000	38 463 000	38 463 000	35 340 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	28 000	56 000	84 000	139 000
Total Tangible Assets	38 502 000	38 519 000	38 547 000	35 479 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	40 588 000	39 580 000	39 205 000	36 199 000
Stock	41 019 000	74 270 000	42 195 000	44 883 000
Total Investments	0	0	0	0
Cash, Bank	7 000	7 000	8 000	8 000
Total Current Assets	45 635 000	78 415 000	45 280 000	44 909 000
Total Assets	86 223 000	117 995 000	84 485 000	81 107 000
Total Equity	1 188 000	1 820 000	3 248 000	3 030 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	42 400 000	42 400 000	42 900 000	42 900 000
Creditors	35 000	2 774 000	1 100 000	962 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	37 895 000	50 577 000	28 285 000	21 330 000
Total Current Debt	42 635 000	73 775 000	38 337 000	35 178 000
Total Equity and Debt	86 223 000	117 995 000	84 485 000	81 107 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−409,01 %	−177,91 %	−65,33 %	−107,33 %
Debt-to-Equity Ratio	35,69	23,3	13,21	14,16
Operating Profit Margin	−5,76 %	−14,34 %	4,95 %	−11,57 %
Current Ratio	1,07	1,06	1,18	1,28
Quick Ratio	28,24	−158,41	−11,74	−4,63
Equity Ratio	0,01	0,02	0,04	0,04
Gross Profit Margin	−0,3 %	39,02 %	24,15 %	15,86 %