WESTEC AS

5160 LAKSEVÅG

Finances

Share Ownership

Return on Equity

22,8 %

Current Ratio

1,62

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 057 000	13 731 000	7 781 000	10 115 000
Net Income	456 000	530 000	31 000	−1 557 000
Total Assets	5 199 000	4 312 000	4 080 000	4 501 000
Total Equity	2 000 000	2 169 000	1 639 000	1 608 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 057 000	13 731 000	7 781 000	10 115 000
Expenditure	14 490 000	13 193 000	7 745 000	11 905 000
Operating Profit	566 000	538 000	37 000	−1 791 000
Financial Income	65 000	21 000	27 000	14 000
Financial Costs	15 000	28 000	33 000	13 000
Financial Balance	50 000	−7 000	−6 000	1 000
Earnings Before Tax	616 000	530 000	31 000	−1 790 000
Tax	160 000	0	0	−233 000
Net Income	456 000	530 000	31 000	−1 557 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 000	36 000	57 000	96 000
Total Current Assets	5 180 000	4 276 000	4 023 000	4 405 000
Total Assets	5 199 000	4 312 000	4 080 000	4 501 000
Total Retained Equity	−1 164 000	−995 000	−1 526 000	−1 557 000
Total Equity	2 000 000	2 169 000	1 639 000	1 608 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 199 000	2 143 000	2 441 000	2 893 000
Total Equity and Debt	5 199 000	4 312 000	4 080 000	4 501 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 961 000	13 246 000	8 418 000	10 203 000
Other Income	96 000	486 000	−637 000	−88 000
Revenue	15 057 000	13 731 000	7 781 000	10 115 000
Cost of Goods Sold	5 345 000	5 892 000	2 289 000	3 722 000
Salary Costs	6 432 000	5 414 000	3 789 000	5 944 000
Depreciation	17 000	21 000	24 000	20 000
Impairment	0	0	0	0
Expenditure	14 490 000	13 193 000	7 745 000	11 905 000
Operating Profit	566 000	538 000	37 000	−1 791 000
Financial Income	65 000	21 000	27 000	14 000
Financial Costs	15 000	28 000	33 000	13 000
Financial Balance	50 000	−7 000	−6 000	1 000
Dividends	625 000	0	0	0
Net Income	456 000	530 000	31 000	−1 557 000

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	19 000	36 000	57 000	81 000
Total Tangible Assets	19 000	36 000	57 000	81 000
Total Fiancial Fixed Assets	0	0	0	16 000
Total Fixed Assets	19 000	36 000	57 000	96 000
Stock	907 000	1 040 000	1 024 000	746 000
Total Investments	0	0	0	0
Cash, Bank	2 323 000	1 053 000	1 154 000	758 000
Total Current Assets	5 180 000	4 276 000	4 023 000	4 405 000
Total Assets	5 199 000	4 312 000	4 080 000	4 501 000
Total Equity	2 000 000	2 169 000	1 639 000	1 608 000
Short-Term Group Debt	0	0	0	1 000 000
Total Long-Term Debt	0	0	0	0
Creditors	889 000	581 000	493 000	510 000
Unpaid Taxes	894 000	864 000	710 000	727 000
Dividends	625 000	0	0	0
Other Current Debt	631 000	698 000	1 239 000	657 000
Total Current Debt	3 199 000	2 143 000	2 441 000	2 893 000
Total Equity and Debt	5 199 000	4 312 000	4 080 000	4 501 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,8 %	24,44 %	1,89 %	−96,83 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,76 %	3,92 %	0,48 %	−17,71 %
Current Ratio	1,62	2	1,65	1,52
Quick Ratio	2,26	3,88	2,84	2,05
Equity Ratio	0,38	0,5	0,4	0,36
Gross Profit Margin	64,5 %	57,09 %	70,58 %	63,2 %