WEST FRAKT AS

6018 ÅLESUND

Finances

Share Ownership

Return on Equity

171,7 %

Current Ratio

1,09

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	54 730 000	46 898 000	50 502 000	50 073 000
Net Income	1 808 000	1 672 000	822 000	296 000
Total Assets	11 836 000	10 500 000	8 092 000	8 161 000
Total Equity	1 053 000	745 000	1 023 000	201 000

Income (NOK)	2022	2021	2020	2019
Revenue	54 730 000	46 898 000	50 502 000	50 073 000
Expenditure	52 443 000	45 072 000	49 074 000	49 881 000
Operating Profit	2 286 000	1 825 000	1 428 000	192 000
Financial Income	456 000	456 000	202 000	287 000
Financial Costs	400 000	219 000	808 000	184 000
Financial Balance	56 000	237 000	−606 000	103 000
Earnings Before Tax	2 342 000	2 063 000	822 000	296 000
Tax	534 000	391 000	0	0
Net Income	1 808 000	1 672 000	822 000	296 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	135 000	198 000	93 000	10 000
Total Current Assets	11 701 000	10 302 000	7 999 000	8 150 000
Total Assets	11 836 000	10 500 000	8 092 000	8 161 000
Total Retained Equity	553 000	245 000	73 000	−749 000
Total Equity	1 053 000	745 000	1 023 000	201 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	10 783 000	9 755 000	7 069 000	7 960 000
Total Equity and Debt	11 836 000	10 500 000	8 092 000	8 161 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	54 730 000	46 896 000	50 502 000	50 073 000
Other Income	0	2 000	0	0
Revenue	54 730 000	46 898 000	50 502 000	50 073 000
Cost of Goods Sold	47 341 000	40 689 000	44 953 000	45 630 000
Salary Costs	3 818 000	3 311 000	2 878 000	2 953 000
Depreciation	34 000	58 000	42 000	0
Impairment	0	0	0	0
Expenditure	52 443 000	45 072 000	49 074 000	49 881 000
Operating Profit	2 286 000	1 825 000	1 428 000	192 000
Financial Income	456 000	456 000	202 000	287 000
Financial Costs	400 000	219 000	808 000	184 000
Financial Balance	56 000	237 000	−606 000	103 000
Dividends	1 500 000	1 950 000	0	0
Net Income	1 808 000	1 672 000	822 000	296 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	47 000	64 000	93 000	0
Total Tangible Assets	47 000	64 000	93 000	0
Total Fiancial Fixed Assets	88 000	134 000	0	10 000
Total Fixed Assets	135 000	198 000	93 000	10 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 617 000	5 567 000	3 721 000	3 203 000
Total Current Assets	11 701 000	10 302 000	7 999 000	8 150 000
Total Assets	11 836 000	10 500 000	8 092 000	8 161 000
Total Equity	1 053 000	745 000	1 023 000	201 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	8 070 000	6 822 000	6 579 000	7 481 000
Unpaid Taxes	327 000	302 000	239 000	233 000
Dividends	1 500 000	1 950 000	0	0
Other Current Debt	351 000	290 000	251 000	247 000
Total Current Debt	10 783 000	9 755 000	7 069 000	7 960 000
Total Equity and Debt	11 836 000	10 500 000	8 092 000	8 161 000

Financial indicators	2022	2021	2020	2019
Return on Equity	171,7 %	224,43 %	80,35 %	147,26 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,18 %	3,89 %	2,83 %	0,38 %
Current Ratio	1,09	1,06	1,13	1,02
Quick Ratio	1,09	1,06	1,13	1,02
Equity Ratio	0,09	0,07	0,13	0,02
Gross Profit Margin	13,5 %	13,24 %	10,99 %	8,87 %