W. GIERTSEN SERVICES AS

5165 LAKSEVÅG

Finances

Share Ownership

Return on Equity

36,45 %

Current Ratio

0,95

Debt-to-Equity Ratio

6,61

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 764 000	23 494 000	5 976 000	312 000
Net Income	1 776 000	2 201 000	83 000	−79 000
Total Assets	42 730 000	19 902 000	16 877 000	7 101 000
Total Equity	4 872 000	3 096 000	895 000	812 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 764 000	23 494 000	5 976 000	312 000
Expenditure	9 147 000	20 303 000	5 462 000	313 000
Operating Profit	3 616 000	3 192 000	514 000	−1 000
Financial Income	153 000	333 000	0	0
Financial Costs	1 493 000	703 000	408 000	101 000
Financial Balance	−1 340 000	−370 000	−408 000	−101 000
Earnings Before Tax	2 277 000	2 821 000	106 000	−102 000
Tax	501 000	621 000	23 000	−22 000
Net Income	1 776 000	2 201 000	83 000	−79 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	37 342 000	15 173 000	14 479 000	6 906 000
Total Current Assets	5 388 000	4 729 000	2 399 000	195 000
Total Assets	42 730 000	19 902 000	16 877 000	7 101 000
Total Retained Equity	3 872 000	2 096 000	−105 000	−188 000
Total Equity	4 872 000	3 096 000	895 000	812 000
Total Long-Term Debt	32 180 000	9 186 000	9 915 000	3 612 000
Total Current Debt	5 678 000	7 620 000	6 067 000	2 677 000
Total Equity and Debt	42 730 000	19 902 000	16 877 000	7 101 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 959 000	19 540 000	5 000	0
Other Income	6 804 000	3 954 000	5 971 000	312 000
Revenue	12 764 000	23 494 000	5 976 000	312 000
Cost of Goods Sold	5 429 000	18 412 000	−43 000	−41 000
Salary Costs	0	0	0	0
Depreciation	3 144 000	1 394 000	1 363 000	138 000
Impairment	0	0	0	0
Expenditure	9 147 000	20 303 000	5 462 000	313 000
Operating Profit	3 616 000	3 192 000	514 000	−1 000
Financial Income	153 000	333 000	0	0
Financial Costs	1 493 000	703 000	408 000	101 000
Financial Balance	−1 340 000	−370 000	−408 000	−101 000
Dividends	0	0	0	0
Net Income	1 776 000	2 201 000	83 000	−79 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 747 000	2 248 000	2 868 000	2 892 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	35 595 000	12 925 000	11 610 000	4 015 000
Fixtures	0	0	0	0
Total Tangible Assets	35 595 000	12 925 000	11 610 000	4 015 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	37 342 000	15 173 000	14 479 000	6 906 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	5 388 000	4 729 000	2 399 000	195 000
Total Assets	42 730 000	19 902 000	16 877 000	7 101 000
Total Equity	4 872 000	3 096 000	895 000	812 000
Short-Term Group Debt	4 886 000	5 705 000	0	2 471 000
Total Long-Term Debt	32 180 000	9 186 000	9 915 000	3 612 000
Creditors	748 000	772 000	283 000	88 000
Unpaid Taxes	35 000	1 009 000	0	0
Dividends	0	0	0	0
Other Current Debt	8 000	134 000	5 784 000	118 000
Total Current Debt	5 678 000	7 620 000	6 067 000	2 677 000
Total Equity and Debt	42 730 000	19 902 000	16 877 000	7 101 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,45 %	71,09 %	9,27 %	−9,73 %
Debt-to-Equity Ratio	6,61	2,97	11,08	4,45
Operating Profit Margin	28,33 %	13,59 %	8,6 %	−0,32 %
Current Ratio	0,95	0,62	0,4	0,07
Quick Ratio	0,95	0,62	0,4	0,07
Equity Ratio	0,11	0,16	0,05	0,11
Gross Profit Margin	57,47 %	21,63 %	100,72 %	113,14 %