WESTGAARDEN AS

1400 SKI

Finances

Share Ownership

Return on Equity

16,81 %

Current Ratio

4,65

Debt-to-Equity Ratio

0,92

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 599 000	2 721 000	2 408 000	2 441 000
Net Income	950 000	870 000	867 000	761 000
Total Assets	11 476 000	11 072 000	10 154 000	10 923 000
Total Equity	5 653 000	4 703 000	3 832 000	4 965 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 599 000	2 721 000	2 408 000	2 441 000
Expenditure	512 000	606 000	595 000	578 000
Operating Profit	1 464 000	1 309 000	1 305 000	1 232 000
Financial Income	2 000	0	0	0
Financial Costs	248 000	193 000	193 000	257 000
Financial Balance	−246 000	−193 000	−193 000	−257 000
Earnings Before Tax	1 218 000	1 116 000	1 113 000	976 000
Tax	268 000	246 000	245 000	215 000
Net Income	950 000	870 000	867 000	761 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 577 000	8 945 000	9 344 000	9 846 000
Total Current Assets	2 900 000	2 127 000	810 000	1 077 000
Total Assets	11 476 000	11 072 000	10 154 000	10 923 000
Total Retained Equity	3 208 000	2 258 000	1 387 000	2 520 000
Total Equity	5 653 000	4 703 000	3 832 000	4 965 000
Total Long-Term Debt	5 200 000	5 200 000	5 225 000	5 277 000
Total Current Debt	623 000	1 169 000	1 096 000	681 000
Total Equity and Debt	11 476 000	11 072 000	10 154 000	10 923 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 977 000	1 915 000	1 900 000	1 922 000
Other Income	622 000	806 000	508 000	519 000
Revenue	2 599 000	2 721 000	2 408 000	2 441 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	402 000	402 000	502 000	512 000
Impairment	0	0	0	0
Expenditure	512 000	606 000	595 000	578 000
Operating Profit	1 464 000	1 309 000	1 305 000	1 232 000
Financial Income	2 000	0	0	0
Financial Costs	248 000	193 000	193 000	257 000
Financial Balance	−246 000	−193 000	−193 000	−257 000
Dividends	0	0	0	0
Net Income	950 000	870 000	867 000	761 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	37 000	47 000	88 000	132 000
Real Eastate	8 540 000	8 898 000	9 256 000	9 714 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	8 540 000	8 898 000	9 256 000	9 714 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	8 577 000	8 945 000	9 344 000	9 846 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 860 000	1 094 000	652 000	710 000
Total Current Assets	2 900 000	2 127 000	810 000	1 077 000
Total Assets	11 476 000	11 072 000	10 154 000	10 923 000
Total Equity	5 653 000	4 703 000	3 832 000	4 965 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 200 000	5 200 000	5 225 000	5 277 000
Creditors	320 000	154 000	198 000	148 000
Unpaid Taxes	0	133 000	22 000	0
Dividends	0	0	0	0
Other Current Debt	2 000	609 000	580 000	267 000
Total Current Debt	623 000	1 169 000	1 096 000	681 000
Total Equity and Debt	11 476 000	11 072 000	10 154 000	10 923 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,81 %	18,5 %	22,63 %	15,33 %
Debt-to-Equity Ratio	0,92	1,11	1,36	1,06
Operating Profit Margin	56,33 %	48,11 %	54,19 %	50,47 %
Current Ratio	4,65	1,82	0,74	1,58
Quick Ratio	4,65	1,82	0,74	1,58
Equity Ratio	0,49	0,42	0,38	0,45
Gross Profit Margin	100 %	100 %	100 %	100 %