WEST INDUSTRI SERVICE AS

6900 FLORØ

Finances

Return on Equity

122,96 %

Current Ratio

1,02

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	72 731 000	44 506 000	55 655 000	57 281 000
Net Income	1 489 000	−2 818 000	2 667 000	−6 727 000
Total Assets	16 933 000	16 831 000	14 358 000	13 172 000
Total Equity	1 211 000	623 000	1 440 000	10 000

Income (NOK)	2022	2021	2020	2019
Revenue	72 731 000	44 506 000	55 655 000	57 281 000
Expenditure	70 950 000	47 021 000	52 783 000	60 298 000
Operating Profit	1 780 000	−2 516 000	2 872 000	−3 017 000
Financial Income	1 000	0	12 000	55 000
Financial Costs	292 000	302 000	217 000	319 000
Financial Balance	−291 000	−302 000	−205 000	−264 000
Earnings Before Tax	1 489 000	−2 818 000	2 667 000	−3 282 000
Tax	0	0	0	3 445 000
Net Income	1 489 000	−2 818 000	2 667 000	−6 727 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	868 000	417 000	562 000	326 000
Total Current Assets	16 066 000	16 414 000	13 796 000	12 847 000
Total Assets	16 933 000	16 831 000	14 358 000	13 172 000
Total Retained Equity	−28 406 000	−28 995 000	−24 177 000	−25 608 000
Total Equity	1 211 000	623 000	1 440 000	10 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	15 722 000	16 209 000	12 918 000	13 163 000
Total Equity and Debt	16 933 000	16 831 000	14 358 000	13 172 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	69 940 000	41 668 000	51 324 000	52 751 000
Other Income	2 791 000	2 838 000	4 331 000	4 530 000
Revenue	72 731 000	44 506 000	55 655 000	57 281 000
Cost of Goods Sold	41 994 000	20 551 000	27 604 000	19 161 000
Salary Costs	19 317 000	18 097 000	17 056 000	29 026 000
Depreciation	142 000	145 000	151 000	187 000
Impairment	0	0	0	0
Expenditure	70 950 000	47 021 000	52 783 000	60 298 000
Operating Profit	1 780 000	−2 516 000	2 872 000	−3 017 000
Financial Income	1 000	0	12 000	55 000
Financial Costs	292 000	302 000	217 000	319 000
Financial Balance	−291 000	−302 000	−205 000	−264 000
Dividends	0	0	0	0
Net Income	1 489 000	−2 818 000	2 667 000	−6 727 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	20 000	43 000
Real Eastate	0	6 000	13 000	20 000
Machinery and Plant Facilities	744 000	275 000	375 000	56 000
Fixtures	23 000	36 000	54 000	106 000
Total Tangible Assets	768 000	317 000	442 000	183 000
Total Fiancial Fixed Assets	100 000	100 000	100 000	100 000
Total Fixed Assets	868 000	417 000	562 000	326 000
Stock	911 000	762 000	489 000	386 000
Total Investments	0	0	0	0
Cash, Bank	840 000	748 000	797 000	759 000
Total Current Assets	16 066 000	16 414 000	13 796 000	12 847 000
Total Assets	16 933 000	16 831 000	14 358 000	13 172 000
Total Equity	1 211 000	623 000	1 440 000	10 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	8 029 000	3 066 000	3 251 000	2 599 000
Unpaid Taxes	1 835 000	2 622 000	2 939 000	3 367 000
Dividends	0	0	0	0
Other Current Debt	3 379 000	5 411 000	3 222 000	5 747 000
Total Current Debt	15 722 000	16 209 000	12 918 000	13 163 000
Total Equity and Debt	16 933 000	16 831 000	14 358 000	13 172 000

Financial indicators	2022	2021	2020	2019
Return on Equity	122,96 %	−452,33 %	185,21 %	−67 270 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	2,45 %	−5,65 %	5,16 %	−5,27 %
Current Ratio	1,02	1,01	1,07	0,98
Quick Ratio	1,08	1,06	1,11	1,01
Equity Ratio	0,07	0,04	0,1	0
Gross Profit Margin	42,26 %	53,82 %	50,4 %	66,55 %