WEST SYSTEM NORGE AS

0668 OSLO

Finances

Share Ownership

Return on Equity

0,41 %

Current Ratio

2,34

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	95 608 000	116 646 000	123 268 000	71 324 000
Net Income	118 000	10 203 000	10 109 000	3 300 000
Total Assets	48 600 000	50 235 000	37 359 000	26 730 000
Total Equity	28 579 000	28 461 000	18 258 000	8 148 000

Income (NOK)	2022	2021	2020	2019
Revenue	95 608 000	116 646 000	123 268 000	71 324 000
Expenditure	94 838 000	103 316 000	110 054 000	66 826 000
Operating Profit	770 000	13 330 000	13 214 000	4 499 000
Financial Income	0	0	9 000	8 000
Financial Costs	608 000	242 000	250 000	276 000
Financial Balance	−608 000	−242 000	−241 000	−268 000
Earnings Before Tax	162 000	13 089 000	12 974 000	4 231 000
Tax	44 000	2 885 000	2 864 000	931 000
Net Income	118 000	10 203 000	10 109 000	3 300 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 794 000	996 000	522 000	513 000
Total Current Assets	46 806 000	49 238 000	36 837 000	26 216 000
Total Assets	48 600 000	50 235 000	37 359 000	26 730 000
Total Retained Equity	28 429 000	28 311 000	18 108 000	7 998 000
Total Equity	28 579 000	28 461 000	18 258 000	8 148 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	20 021 000	21 773 000	19 101 000	18 581 000
Total Equity and Debt	48 600 000	50 235 000	37 359 000	26 730 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	95 601 000	116 627 000	123 268 000	71 324 000
Other Income	7 000	20 000	0	0
Revenue	95 608 000	116 646 000	123 268 000	71 324 000
Cost of Goods Sold	64 549 000	70 674 000	83 358 000	44 702 000
Salary Costs	15 314 000	17 697 000	14 373 000	12 052 000
Depreciation	180 000	240 000	214 000	181 000
Impairment	0	0	0	0
Expenditure	94 838 000	103 316 000	110 054 000	66 826 000
Operating Profit	770 000	13 330 000	13 214 000	4 499 000
Financial Income	0	0	9 000	8 000
Financial Costs	608 000	242 000	250 000	276 000
Financial Balance	−608 000	−242 000	−241 000	−268 000
Dividends	0	0	0	0
Net Income	118 000	10 203 000	10 109 000	3 300 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 221 000	320 000	117 000	99 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	560 000	664 000	391 000	401 000
Total Tangible Assets	560 000	664 000	391 000	401 000
Total Fiancial Fixed Assets	13 000	13 000	13 000	13 000
Total Fixed Assets	1 794 000	996 000	522 000	513 000
Stock	30 450 000	27 415 000	12 082 000	15 351 000
Total Investments	0	0	0	0
Cash, Bank	14 284 000	11 442 000	18 216 000	6 372 000
Total Current Assets	46 806 000	49 238 000	36 837 000	26 216 000
Total Assets	48 600 000	50 235 000	37 359 000	26 730 000
Total Equity	28 579 000	28 461 000	18 258 000	8 148 000
Short-Term Group Debt	14 000 000	7 000 000	7 000 000	11 700 000
Total Long-Term Debt	0	0	0	0
Creditors	1 393 000	2 901 000	2 839 000	2 902 000
Unpaid Taxes	1 915 000	2 120 000	2 652 000	1 697 000
Dividends	0	0	0	0
Other Current Debt	2 712 000	6 665 000	3 738 000	2 282 000
Total Current Debt	20 021 000	21 773 000	19 101 000	18 581 000
Total Equity and Debt	48 600 000	50 235 000	37 359 000	26 730 000

Financial indicators	2022	2021	2020	2019
Return on Equity	0,41 %	35,85 %	55,37 %	40,5 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	0,81 %	11,43 %	10,72 %	6,31 %
Current Ratio	2,34	2,26	1,93	1,41
Quick Ratio	−4,49	−8,73	5,25	8,12
Equity Ratio	0,59	0,57	0,49	0,3
Gross Profit Margin	32,49 %	39,41 %	32,38 %	37,33 %