WESTMARIN CHARTER AS

4270 ÅKREHAMN

Finances

Share Ownership

Return on Equity

−1,05 %

Current Ratio

161

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	136 000	214 000	168 000	212 000
Net Income	−67 000	−83 000	−47 000	−9 000
Total Assets	6 354 000	6 403 000	6 389 000	6 219 000
Total Equity	6 351 000	6 282 000	2 656 000	2 679 000

Income (NOK)	2022	2021	2020	2019
Revenue	136 000	214 000	168 000	212 000
Expenditure	222 000	317 000	224 000	216 000
Operating Profit	−85 000	−104 000	−56 000	−4 000
Financial Income	1 000	0	0	0
Financial Costs	2 000	2 000	5 000	8 000
Financial Balance	−1 000	−2 000	−5 000	−8 000
Earnings Before Tax	−87 000	−106 000	−60 000	−11 000
Tax	−19 000	−23 000	−13 000	−2 000
Net Income	−67 000	−83 000	−47 000	−9 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 871 000	5 975 000	6 067 000	6 146 000
Total Current Assets	483 000	428 000	322 000	73 000
Total Assets	6 354 000	6 403 000	6 389 000	6 219 000
Total Retained Equity	0	0	0	−1 306 000
Total Equity	6 351 000	6 282 000	2 656 000	2 679 000
Total Long-Term Debt	0	0	3 664 000	3 494 000
Total Current Debt	3 000	122 000	70 000	45 000
Total Equity and Debt	6 354 000	6 403 000	6 389 000	6 219 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	136 000	214 000	168 000	212 000
Other Income	0	0	0	0
Revenue	136 000	214 000	168 000	212 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	85 000	85 000	85 000	85 000
Impairment	0	0	0	0
Expenditure	222 000	317 000	224 000	216 000
Operating Profit	−85 000	−104 000	−56 000	−4 000
Financial Income	1 000	0	0	0
Financial Costs	2 000	2 000	5 000	8 000
Financial Balance	−1 000	−2 000	−5 000	−8 000
Dividends	0	0	0	0
Net Income	−67 000	−83 000	−47 000	−9 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	81 000	100 000	107 000	101 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	5 790 000	5 875 000	5 960 000	6 045 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	5 871 000	5 975 000	6 067 000	6 146 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	48 000	78 000	92 000	3 000
Total Current Assets	483 000	428 000	322 000	73 000
Total Assets	6 354 000	6 403 000	6 389 000	6 219 000
Total Equity	6 351 000	6 282 000	2 656 000	2 679 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	3 664 000	3 494 000
Creditors	3 000	0	29 000	5 000
Unpaid Taxes	0	2 000	15 000	27 000
Dividends	0	0	0	0
Other Current Debt	0	119 000	26 000	13 000
Total Current Debt	3 000	122 000	70 000	45 000
Total Equity and Debt	6 354 000	6 403 000	6 389 000	6 219 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,05 %	−1,32 %	−1,77 %	−0,34 %
Debt-to-Equity Ratio	0	0	1,38	1,3
Operating Profit Margin	−62,5 %	−48,6 %	−33,33 %	−1,89 %
Current Ratio	161	3,51	4,6	1,62
Quick Ratio	161	3,51	4,6	1,62
Equity Ratio	1	0,98	0,42	0,43
Gross Profit Margin	100 %	100 %	100 %	100 %