WESTØY AS

8770 TRÆNA

Finances

Share Ownership

Return on Equity

−22,54 %

Current Ratio

3,42

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 334 000	1 176 000	808 000	1 038 000
Net Income	−899 000	−739 000	−633 000	−341 000
Total Assets	4 453 000	5 254 000	6 240 000	7 287 000
Total Equity	3 989 000	4 888 000	5 627 000	6 259 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 334 000	1 176 000	808 000	1 038 000
Expenditure	2 501 000	2 121 000	1 633 000	1 502 000
Operating Profit	−1 167 000	−947 000	−825 000	−464 000
Financial Income	16 000	10 000	14 000	26 000
Financial Costs	0	1 000	1 000	0
Financial Balance	16 000	9 000	13 000	26 000
Earnings Before Tax	−1 152 000	−938 000	−811 000	−437 000
Tax	−253 000	−199 000	−179 000	−96 000
Net Income	−899 000	−739 000	−633 000	−341 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 176 000	3 673 000	4 320 000	4 968 000
Total Current Assets	1 276 000	1 581 000	1 919 000	2 320 000
Total Assets	4 453 000	5 254 000	6 240 000	7 287 000
Total Retained Equity	3 578 000	4 477 000	5 216 000	5 848 000
Total Equity	3 989 000	4 888 000	5 627 000	6 259 000
Total Long-Term Debt	91 000	344 000	543 000	727 000
Total Current Debt	373 000	22 000	70 000	301 000
Total Equity and Debt	4 453 000	5 254 000	6 240 000	7 287 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 203 000	1 071 000	712 000	923 000
Other Income	130 000	105 000	96 000	115 000
Revenue	1 334 000	1 176 000	808 000	1 038 000
Cost of Goods Sold	13 000	3 000	12 000	0
Salary Costs	654 000	615 000	412 000	415 000
Depreciation	637 000	647 000	647 000	521 000
Impairment	0	0	0	0
Expenditure	2 501 000	2 121 000	1 633 000	1 502 000
Operating Profit	−1 167 000	−947 000	−825 000	−464 000
Financial Income	16 000	10 000	14 000	26 000
Financial Costs	0	1 000	1 000	0
Financial Balance	16 000	9 000	13 000	26 000
Dividends	0	0	0	0
Net Income	−899 000	−739 000	−633 000	−341 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 347 000	1 466 000	1 585 000	1 703 000
Machinery and Plant Facilities	0	0	5 000	10 000
Fixtures	0	53 000	111 000	169 000
Total Tangible Assets	3 176 000	3 673 000	4 320 000	4 968 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 176 000	3 673 000	4 320 000	4 968 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 124 000	1 557 000	1 842 000	2 271 000
Total Current Assets	1 276 000	1 581 000	1 919 000	2 320 000
Total Assets	4 453 000	5 254 000	6 240 000	7 287 000
Total Equity	3 989 000	4 888 000	5 627 000	6 259 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	91 000	344 000	543 000	727 000
Creditors	372 000	−14 000	59 000	23 000
Unpaid Taxes	0	37 000	5 000	142 000
Dividends	0	0	0	0
Other Current Debt	0	0	1 000	56 000
Total Current Debt	373 000	22 000	70 000	301 000
Total Equity and Debt	4 453 000	5 254 000	6 240 000	7 287 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−22,54 %	−15,12 %	−11,25 %	−5,45 %
Debt-to-Equity Ratio	0,02	0,07	0,1	0,12
Operating Profit Margin	−87,48 %	−80,53 %	−102,1 %	−44,7 %
Current Ratio	3,42	71,86	27,41	7,71
Quick Ratio	3,42	71,86	27,41	7,71
Equity Ratio	0,9	0,93	0,9	0,86
Gross Profit Margin	99,03 %	99,74 %	98,51 %	100 %