WATECH AS

4048 HAFRSFJORD

Finances

Share Ownership

Return on Equity

7,97 %

Current Ratio

3,78

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 806 000	8 144 000	10 904 000	10 745 000
Net Income	424 000	−52 000	−148 000	1 056 000
Total Assets	7 173 000	6 493 000	6 893 000	8 183 000
Total Equity	5 322 000	4 897 000	4 950 000	5 098 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 806 000	8 144 000	10 904 000	10 745 000
Expenditure	9 366 000	8 313 000	10 992 000	9 474 000
Operating Profit	441 000	−169 000	−87 000	1 271 000
Financial Income	4 000	21 000	2 000	3 000
Financial Costs	20 000	45 000	62 000	79 000
Financial Balance	−16 000	−24 000	−60 000	−76 000
Earnings Before Tax	424 000	−192 000	−148 000	1 195 000
Tax	0	−140 000	0	139 000
Net Income	424 000	−52 000	−148 000	1 056 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	167 000	286 000	319 000	444 000
Total Current Assets	7 006 000	6 207 000	6 574 000	7 738 000
Total Assets	7 173 000	6 493 000	6 893 000	8 183 000
Total Retained Equity	5 022 000	4 597 000	4 650 000	4 798 000
Total Equity	5 322 000	4 897 000	4 950 000	5 098 000
Total Long-Term Debt	0	160 000	480 000	800 000
Total Current Debt	1 851 000	1 436 000	1 463 000	2 285 000
Total Equity and Debt	7 173 000	6 493 000	6 893 000	8 183 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 806 000	8 129 000	10 904 000	10 745 000
Other Income	0	15 000	0	0
Revenue	9 806 000	8 144 000	10 904 000	10 745 000
Cost of Goods Sold	2 041 000	1 717 000	4 279 000	2 741 000
Salary Costs	4 338 000	3 976 000	4 394 000	4 212 000
Depreciation	120 000	125 000	146 000	140 000
Impairment	0	0	0	0
Expenditure	9 366 000	8 313 000	10 992 000	9 474 000
Operating Profit	441 000	−169 000	−87 000	1 271 000
Financial Income	4 000	21 000	2 000	3 000
Financial Costs	20 000	45 000	62 000	79 000
Financial Balance	−16 000	−24 000	−60 000	−76 000
Dividends	0	0	0	0
Net Income	424 000	−52 000	−148 000	1 056 000

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	161 000	281 000	314 000	438 000
Total Tangible Assets	161 000	281 000	314 000	438 000
Total Fiancial Fixed Assets	6 000	6 000	6 000	6 000
Total Fixed Assets	167 000	286 000	319 000	444 000
Stock	3 373 000	3 428 000	2 537 000	3 274 000
Total Investments	0	0	0	0
Cash, Bank	1 769 000	1 360 000	2 909 000	1 537 000
Total Current Assets	7 006 000	6 207 000	6 574 000	7 738 000
Total Assets	7 173 000	6 493 000	6 893 000	8 183 000
Total Equity	5 322 000	4 897 000	4 950 000	5 098 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	160 000	480 000	800 000
Creditors	442 000	370 000	310 000	596 000
Unpaid Taxes	763 000	353 000	344 000	632 000
Dividends	0	0	0	0
Other Current Debt	496 000	444 000	419 000	408 000
Total Current Debt	1 851 000	1 436 000	1 463 000	2 285 000
Total Equity and Debt	7 173 000	6 493 000	6 893 000	8 183 000

Financial indicators	2022	2021	2020	2019
Return on Equity	7,97 %	−1,06 %	−2,99 %	20,71 %
Debt-to-Equity Ratio	0	0,03	0,1	0,16
Operating Profit Margin	4,5 %	−2,08 %	−0,8 %	11,83 %
Current Ratio	3,78	4,32	4,49	3,39
Quick Ratio	−4,6	−3,12	−6,12	−7,82
Equity Ratio	0,74	0,75	0,72	0,62
Gross Profit Margin	79,19 %	78,92 %	60,76 %	74,49 %