WEST ELEKTROVERKSTED AS

4016 STAVANGER

Finances

Share Ownership

Return on Equity

3,12 %

Current Ratio

1,79

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 143 000	13 835 000	11 938 000	10 453 000
Net Income	64 000	572 000	428 000	241 000
Total Assets	4 574 000	4 178 000	3 478 000	3 065 000
Total Equity	2 049 000	1 984 000	1 762 000	1 662 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 143 000	13 835 000	11 938 000	10 453 000
Expenditure	13 028 000	13 096 000	11 389 000	10 138 000
Operating Profit	114 000	739 000	550 000	317 000
Financial Income	5 000	1 000	5 000	2 000
Financial Costs	37 000	6 000	4 000	10 000
Financial Balance	−32 000	−5 000	1 000	−8 000
Earnings Before Tax	83 000	734 000	551 000	309 000
Tax	18 000	162 000	123 000	68 000
Net Income	64 000	572 000	428 000	241 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	43 000	63 000	81 000	47 000
Total Current Assets	4 531 000	4 116 000	3 396 000	3 018 000
Total Assets	4 574 000	4 178 000	3 478 000	3 065 000
Total Retained Equity	1 799 000	1 734 000	1 512 000	1 412 000
Total Equity	2 049 000	1 984 000	1 762 000	1 662 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 526 000	2 194 000	1 715 000	1 403 000
Total Equity and Debt	4 574 000	4 178 000	3 478 000	3 065 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 143 000	13 835 000	11 937 000	10 453 000
Other Income	0	0	1 000	0
Revenue	13 143 000	13 835 000	11 938 000	10 453 000
Cost of Goods Sold	8 263 000	8 306 000	7 354 000	5 918 000
Salary Costs	3 022 000	3 015 000	2 551 000	2 666 000
Depreciation	21 000	21 000	9 000	9 000
Impairment	0	0	0	0
Expenditure	13 028 000	13 096 000	11 389 000	10 138 000
Operating Profit	114 000	739 000	550 000	317 000
Financial Income	5 000	1 000	5 000	2 000
Financial Costs	37 000	6 000	4 000	10 000
Financial Balance	−32 000	−5 000	1 000	−8 000
Dividends	0	350 000	328 000	138 000
Net Income	64 000	572 000	428 000	241 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	22 000	20 000	18 000	21 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	21 000	42 000	64 000	26 000
Fixtures	0	0	0	0
Total Tangible Assets	21 000	42 000	64 000	26 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	43 000	63 000	81 000	47 000
Stock	3 366 000	3 114 000	2 643 000	2 238 000
Total Investments	0	0	0	0
Cash, Bank	187 000	1 000	33 000	314 000
Total Current Assets	4 531 000	4 116 000	3 396 000	3 018 000
Total Assets	4 574 000	4 178 000	3 478 000	3 065 000
Total Equity	2 049 000	1 984 000	1 762 000	1 662 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 011 000	751 000	764 000	652 000
Unpaid Taxes	220 000	299 000	201 000	228 000
Dividends	0	350 000	328 000	138 000
Other Current Debt	491 000	351 000	304 000	317 000
Total Current Debt	2 526 000	2 194 000	1 715 000	1 403 000
Total Equity and Debt	4 574 000	4 178 000	3 478 000	3 065 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,12 %	28,83 %	24,29 %	14,5 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	0,87 %	5,34 %	4,61 %	3,03 %
Current Ratio	1,79	1,88	1,98	2,15
Quick Ratio	−5,39	−4,47	−3,66	−3,61
Equity Ratio	0,45	0,47	0,51	0,54
Gross Profit Margin	37,13 %	39,96 %	38,4 %	43,38 %