WESTFAL-LARSEN TECHNOLOGY AS

5059 BERGEN

Finances

Return on Equity

−43,25 %

Current Ratio

1,05

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−65 639 000	−1 080 000	−1 240 000	−165 000
Total Assets	189 456 000	213 985 000	207 885 000	209 873 000
Total Equity	151 756 000	183 139 000	183 751 000	176 754 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	261 000	246 000	211 000	222 000
Operating Profit	−261 000	−246 000	−211 000	−222 000
Financial Income	110 000	0	123 000	0
Financial Costs	65 844 000	1 102 000	1 500 000	346 000
Financial Balance	−65 734 000	−1 102 000	−1 377 000	−346 000
Earnings Before Tax	−65 995 000	−1 348 000	−1 588 000	−568 000
Tax	−356 000	−268 000	−348 000	−403 000
Net Income	−65 639 000	−1 080 000	−1 240 000	−165 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	149 861 000	213 610 000	207 862 000	209 843 000
Total Current Assets	39 595 000	375 000	23 000	30 000
Total Assets	189 456 000	213 985 000	207 885 000	209 873 000
Total Retained Equity	−45 053 000	−13 669 000	−13 057 000	−20 054 000
Total Equity	151 756 000	183 139 000	183 751 000	176 754 000
Total Long-Term Debt	0	25 102 000	24 133 000	33 118 000
Total Current Debt	37 701 000	5 743 000	0	0
Total Equity and Debt	189 456 000	213 985 000	207 884 000	209 873 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	261 000	246 000	211 000	222 000
Operating Profit	−261 000	−246 000	−211 000	−222 000
Financial Income	110 000	0	123 000	0
Financial Costs	65 844 000	1 102 000	1 500 000	346 000
Financial Balance	−65 734 000	−1 102 000	−1 377 000	−346 000
Dividends	0	0	0	0
Net Income	−65 639 000	−1 080 000	−1 240 000	−165 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	562 000	426 000	2 401 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	149 861 000	213 048 000	207 436 000	207 441 000
Total Fixed Assets	149 861 000	213 610 000	207 862 000	209 843 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 422 000	75 000	23 000	30 000
Total Current Assets	39 595 000	375 000	23 000	30 000
Total Assets	189 456 000	213 985 000	207 885 000	209 873 000
Total Equity	151 756 000	183 139 000	183 751 000	176 754 000
Short-Term Group Debt	37 676 000	5 743 000	0	0
Total Long-Term Debt	0	25 102 000	24 133 000	33 118 000
Creditors	25 000	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	37 701 000	5 743 000	0	0
Total Equity and Debt	189 456 000	213 985 000	207 884 000	209 873 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−43,25 %	−0,59 %	−0,67 %	−0,09 %
Debt-to-Equity Ratio	0	0,14	0,13	0,19
Operating Profit Margin	-	-	-	-
Current Ratio	1,05	0,07	-	-
Quick Ratio	1,05	0,07	-	-
Equity Ratio	0,8	0,86	0,88	0,84
Gross Profit Margin	-	-	-	-