WEST MARITIME AS

6090 FOSNAVÅG

Finances

Return on Equity

−34,33 %

Current Ratio

1,87

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 789 000	4 028 000	3 596 000	5 366 000
Net Income	−899 000	1 794 000	707 000	718 000
Total Assets	5 124 000	5 456 000	4 380 000	4 517 000
Total Equity	2 619 000	3 518 000	3 615 000	3 458 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 789 000	4 028 000	3 596 000	5 366 000
Expenditure	6 498 000	3 445 000	2 784 000	4 846 000
Operating Profit	292 000	582 000	812 000	520 000
Financial Income	17 000	1 346 000	73 000	329 000
Financial Costs	1 142 000	0	0	1 000
Financial Balance	−1 125 000	1 346 000	73 000	328 000
Earnings Before Tax	−833 000	1 928 000	885 000	848 000
Tax	66 000	134 000	178 000	130 000
Net Income	−899 000	1 794 000	707 000	718 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	443 000	518 000	484 000	404 000
Total Current Assets	4 681 000	4 937 000	3 896 000	4 112 000
Total Assets	5 124 000	5 456 000	4 380 000	4 517 000
Total Retained Equity	2 539 000	3 438 000	3 515 000	3 358 000
Total Equity	2 619 000	3 518 000	3 615 000	3 458 000
Total Long-Term Debt	0	3 000	35 000	57 000
Total Current Debt	2 505 000	1 935 000	730 000	1 002 000
Total Equity and Debt	5 124 000	5 456 000	4 380 000	4 517 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 318 000	3 158 000	3 576 000	5 326 000
Other Income	3 470 000	869 000	20 000	40 000
Revenue	6 789 000	4 028 000	3 596 000	5 366 000
Cost of Goods Sold	3 048 000	419 000	115 000	146 000
Salary Costs	2 692 000	2 488 000	2 314 000	3 972 000
Depreciation	13 000	9 000	7 000	20 000
Impairment	0	0	0	0
Expenditure	6 498 000	3 445 000	2 784 000	4 846 000
Operating Profit	292 000	582 000	812 000	520 000
Financial Income	17 000	1 346 000	73 000	329 000
Financial Costs	1 142 000	0	0	1 000
Financial Balance	−1 125 000	1 346 000	73 000	328 000
Dividends	0	0	0	0
Net Income	−899 000	1 794 000	707 000	718 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	89 000	0	0	0
Real Eastate	243 000	243 000	243 000	243 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	36 000	49 000	24 000	30 000
Total Tangible Assets	279 000	292 000	267 000	273 000
Total Fiancial Fixed Assets	75 000	227 000	217 000	131 000
Total Fixed Assets	443 000	518 000	484 000	404 000
Stock	0	0	0	0
Total Investments	1 103 000	2 101 000	1 608 000	1 557 000
Cash, Bank	987 000	1 152 000	1 476 000	1 622 000
Total Current Assets	4 681 000	4 937 000	3 896 000	4 112 000
Total Assets	5 124 000	5 456 000	4 380 000	4 517 000
Total Equity	2 619 000	3 518 000	3 615 000	3 458 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	3 000	35 000	57 000
Creditors	1 936 000	267 000	36 000	21 000
Unpaid Taxes	196 000	294 000	259 000	445 000
Dividends	0	0	0	0
Other Current Debt	215 000	1 209 000	235 000	341 000
Total Current Debt	2 505 000	1 935 000	730 000	1 002 000
Total Equity and Debt	5 124 000	5 456 000	4 380 000	4 517 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−34,33 %	50,99 %	19,56 %	20,76 %
Debt-to-Equity Ratio	0	0	0,01	0,02
Operating Profit Margin	4,3 %	14,45 %	22,58 %	9,69 %
Current Ratio	1,87	2,55	5,34	4,1
Quick Ratio	1,87	2,55	5,34	4,1
Equity Ratio	0,51	0,64	0,83	0,77
Gross Profit Margin	55,1 %	89,6 %	96,8 %	97,28 %