WESTMEK AS

6750 STADLANDET

Finances

Return on Equity

10,42 %

Current Ratio

1,43

Debt-to-Equity Ratio

0,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	71 326 000	76 572 000	51 250 000	84 861 000
Net Income	1 611 000	6 085 000	3 447 000	3 958 000
Total Assets	35 342 000	39 415 000	48 840 000	44 270 000
Total Equity	15 463 000	16 906 000	15 322 000	14 875 000

Income (NOK)	2022	2021	2020	2019
Revenue	71 326 000	76 572 000	51 250 000	84 861 000
Expenditure	68 997 000	68 737 000	46 415 000	79 235 000
Operating Profit	2 329 000	7 835 000	4 835 000	5 627 000
Financial Income	128 000	268 000	57 000	11 000
Financial Costs	394 000	300 000	468 000	560 000
Financial Balance	−266 000	−32 000	−411 000	−549 000
Earnings Before Tax	2 062 000	7 803 000	4 424 000	5 078 000
Tax	451 000	1 719 000	978 000	1 120 000
Net Income	1 611 000	6 085 000	3 447 000	3 958 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	15 423 000	16 896 000	16 852 000	17 894 000
Total Current Assets	19 918 000	22 520 000	31 988 000	26 376 000
Total Assets	35 342 000	39 415 000	48 840 000	44 270 000
Total Retained Equity	11 913 000	13 356 000	11 772 000	11 325 000
Total Equity	15 463 000	16 906 000	15 322 000	14 875 000
Total Long-Term Debt	5 944 000	6 635 000	7 949 000	8 998 000
Total Current Debt	13 935 000	15 874 000	25 569 000	20 396 000
Total Equity and Debt	35 342 000	39 415 000	48 840 000	44 270 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	70 753 000	75 658 000	50 690 000	84 404 000
Other Income	573 000	914 000	560 000	458 000
Revenue	71 326 000	76 572 000	51 250 000	84 861 000
Cost of Goods Sold	53 483 000	54 024 000	32 268 000	63 246 000
Salary Costs	11 039 000	10 301 000	10 681 000	11 875 000
Depreciation	1 201 000	1 158 000	1 171 000	1 094 000
Impairment	0	0	0	0
Expenditure	68 997 000	68 737 000	46 415 000	79 235 000
Operating Profit	2 329 000	7 835 000	4 835 000	5 627 000
Financial Income	128 000	268 000	57 000	11 000
Financial Costs	394 000	300 000	468 000	560 000
Financial Balance	−266 000	−32 000	−411 000	−549 000
Dividends	3 000 000	4 500 000	3 000 000	3 500 000
Net Income	1 611 000	6 085 000	3 447 000	3 958 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	13 000	10 000	0	0
Real Eastate	14 640 000	15 451 000	15 854 000	16 604 000
Machinery and Plant Facilities	256 000	441 000	606 000	737 000
Fixtures	386 000	276 000	225 000	350 000
Total Tangible Assets	15 282 000	16 169 000	16 684 000	17 691 000
Total Fiancial Fixed Assets	129 000	717 000	168 000	203 000
Total Fixed Assets	15 423 000	16 896 000	16 852 000	17 894 000
Stock	6 860 000	4 752 000	4 551 000	4 383 000
Total Investments	0	0	0	0
Cash, Bank	828 000	1 772 000	2 625 000	3 901 000
Total Current Assets	19 918 000	22 520 000	31 988 000	26 376 000
Total Assets	35 342 000	39 415 000	48 840 000	44 270 000
Total Equity	15 463 000	16 906 000	15 322 000	14 875 000
Short-Term Group Debt	0	335 000	0	0
Total Long-Term Debt	5 944 000	6 635 000	7 949 000	8 998 000
Creditors	4 371 000	5 106 000	3 694 000	6 970 000
Unpaid Taxes	926 000	842 000	672 000	1 001 000
Dividends	3 000 000	4 500 000	3 000 000	3 500 000
Other Current Debt	4 734 000	3 065 000	17 110 000	5 869 000
Total Current Debt	13 935 000	15 874 000	25 569 000	20 396 000
Total Equity and Debt	35 342 000	39 415 000	48 840 000	44 270 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,42 %	35,99 %	22,5 %	26,61 %
Debt-to-Equity Ratio	0,38	0,39	0,52	0,6
Operating Profit Margin	3,27 %	10,23 %	9,43 %	6,63 %
Current Ratio	1,43	1,42	1,25	1,29
Quick Ratio	2,82	2,02	1,52	1,65
Equity Ratio	0,44	0,43	0,31	0,34
Gross Profit Margin	25,02 %	29,45 %	37,04 %	25,47 %