WELLCONNECTION NORWAY AS

4056 TANANGER

Finances

Return on Equity

19,31 %

Current Ratio

1,32

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2021	2020	2019	2018
Revenue	358 379 000	324 020 000	182 735 000	155 220 000
Net Income	11 622 000	3 801 000	−2 660 000	2 681 000
Total Assets	180 648 000	169 125 000	75 830 000	72 949 000
Total Equity	60 196 000	60 721 000	7 672 000	8 291 000

Income (NOK)	2021	2020	2019	2018
Revenue	358 379 000	324 020 000	182 735 000	155 220 000
Expenditure	342 704 000	317 190 000	184 675 000	150 787 000
Operating Profit	15 674 000	6 829 000	−1 940 000	4 433 000
Financial Income	512 000	249 000	339 000	138 000
Financial Costs	1 384 000	2 394 000	1 982 000	1 169 000
Financial Balance	−872 000	−2 145 000	−1 643 000	−1 031 000
Earnings Before Tax	14 802 000	4 684 000	−3 582 000	3 402 000
Tax	3 180 000	882 000	−922 000	722 000
Net Income	11 622 000	3 801 000	−2 660 000	2 681 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	27 176 000	34 831 000	19 218 000	21 628 000
Total Current Assets	153 472 000	134 294 000	56 612 000	51 321 000
Total Assets	180 648 000	169 125 000	75 830 000	72 949 000
Total Retained Equity	60 096 000	60 621 000	7 572 000	8 191 000
Total Equity	60 196 000	60 721 000	7 672 000	8 291 000
Total Long-Term Debt	4 037 000	8 763 000	9 439 000	10 866 000
Total Current Debt	116 414 000	99 641 000	58 719 000	53 792 000
Total Equity and Debt	180 648 000	169 125 000	75 830 000	72 949 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	358 255 000	323 274 000	182 735 000	155 220 000
Other Income	124 000	746 000	0	0
Revenue	358 379 000	324 020 000	182 735 000	155 220 000
Cost of Goods Sold	110 878 000	96 533 000	79 671 000	60 276 000
Salary Costs	126 597 000	117 583 000	62 943 000	56 686 000
Depreciation	12 370 000	12 314 000	6 114 000	4 748 000
Impairment	0	0	0	0
Expenditure	342 704 000	317 190 000	184 675 000	150 787 000
Operating Profit	15 674 000	6 829 000	−1 940 000	4 433 000
Financial Income	512 000	249 000	339 000	138 000
Financial Costs	1 384 000	2 394 000	1 982 000	1 169 000
Financial Balance	−872 000	−2 145 000	−1 643 000	−1 031 000
Dividends	0	0	0	0
Net Income	11 622 000	3 801 000	−2 660 000	2 681 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	5 655 000	8 472 000	8 655 000	9 475 000
Real Eastate	6 710 000	5 931 000	534 000	0
Machinery and Plant Facilities	9 901 000	14 148 000	8 895 000	11 009 000
Fixtures	4 667 000	4 212 000	1 050 000	1 144 000
Total Tangible Assets	21 278 000	24 291 000	10 479 000	12 153 000
Total Fiancial Fixed Assets	243 000	2 067 000	84 000	0
Total Fixed Assets	27 176 000	34 831 000	19 218 000	21 628 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	504 000	568 000	68 000	68 000
Total Current Assets	153 472 000	134 294 000	56 612 000	51 321 000
Total Assets	180 648 000	169 125 000	75 830 000	72 949 000
Total Equity	60 196 000	60 721 000	7 672 000	8 291 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 037 000	8 763 000	9 439 000	10 866 000
Creditors	19 590 000	21 733 000	23 733 000	14 814 000
Unpaid Taxes	7 719 000	8 169 000	4 639 000	6 225 000
Dividends	0	0	0	0
Other Current Debt	89 106 000	69 740 000	30 346 000	32 754 000
Total Current Debt	116 414 000	99 641 000	58 719 000	53 792 000
Total Equity and Debt	180 648 000	169 125 000	75 830 000	72 949 000

Financial indicators	2021	2020	2019	2018
Return on Equity	19,31 %	6,26 %	−34,67 %	32,34 %
Debt-to-Equity Ratio	0,07	0,14	1,23	1,31
Operating Profit Margin	4,37 %	2,11 %	−1,06 %	2,86 %
Current Ratio	1,32	1,35	0,96	0,95
Quick Ratio	1,32	1,35	0,96	0,95
Equity Ratio	0,33	0,36	0,1	0,11
Gross Profit Margin	69,06 %	70,21 %	56,4 %	61,17 %