WELLWORK HOLDING AS

4020 STAVANGER

Finances

Return on Equity

6,19 %

Current Ratio

0,77

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	80 000	0	0	0
Net Income	116 000	−25 000	−150 000	−3 035 000
Total Assets	2 333 000	4 349 000	12 040 000	12 360 000
Total Equity	1 873 000	4 263 000	9 988 000	12 138 000

Income (NOK)	2022	2021	2020	2019
Revenue	80 000	0	0	0
Expenditure	597 000	443 000	335 000	4 461 000
Operating Profit	−517 000	−443 000	−335 000	−4 460 000
Financial Income	755 000	952 000	4 788 000	2 072 000
Financial Costs	122 000	534 000	4 553 000	647 000
Financial Balance	633 000	418 000	235 000	1 425 000
Earnings Before Tax	116 000	−25 000	−100 000	−3 035 000
Tax	0	0	51 000	0
Net Income	116 000	−25 000	−150 000	−3 035 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 979 000	2 059 000	2 130 000	11 656 000
Total Current Assets	354 000	2 290 000	9 910 000	704 000
Total Assets	2 333 000	4 349 000	12 040 000	12 360 000
Total Retained Equity	1 351 000	3 740 000	9 466 000	11 616 000
Total Equity	1 873 000	4 263 000	9 988 000	12 138 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	460 000	87 000	2 052 000	222 000
Total Equity and Debt	2 333 000	4 349 000	12 040 000	12 360 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	80 000	0	0	0
Other Income	0	0	0	0
Revenue	80 000	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	26 000	0	13 000	13 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	597 000	443 000	335 000	4 461 000
Operating Profit	−517 000	−443 000	−335 000	−4 460 000
Financial Income	755 000	952 000	4 788 000	2 072 000
Financial Costs	122 000	534 000	4 553 000	647 000
Financial Balance	633 000	418 000	235 000	1 425 000
Dividends	2 506 000	5 700 000	2 000 000	0
Net Income	116 000	−25 000	−150 000	−3 035 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
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	1 979 000	2 059 000	2 130 000	11 656 000
Total Fixed Assets	1 979 000	2 059 000	2 130 000	11 656 000
Stock	0	0	0	0
Total Investments	0	2 024 000	0	0
Cash, Bank	331 000	262 000	8 425 000	494 000
Total Current Assets	354 000	2 290 000	9 910 000	704 000
Total Assets	2 333 000	4 349 000	12 040 000	12 360 000
Total Equity	1 873 000	4 263 000	9 988 000	12 138 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	13 000	85 000	0	11 000
Unpaid Taxes	13 000	0	0	0
Dividends	2 506 000	5 700 000	2 000 000	0
Other Current Debt	3 000	1 000	1 000	211 000
Total Current Debt	460 000	87 000	2 052 000	222 000
Total Equity and Debt	2 333 000	4 349 000	12 040 000	12 360 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,19 %	−0,59 %	−1,5 %	−25 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−646,25 %	-	-	-
Current Ratio	0,77	26,32	4,83	3,17
Quick Ratio	0,77	26,32	4,83	3,17
Equity Ratio	0,8	0,98	0,83	0,98
Gross Profit Margin	100 %	-	-	-