WELL INNOVATION AS

4313 SANDNES

Finances

Share Ownership

Return on Equity

−911,85 %

Current Ratio

0,12

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 587 000	475 000	8 444 000	3 289 000
Net Income	−8 389 000	−8 104 000	−3 231 000	−6 392 000
Total Assets	100 462 000	78 446 000	70 397 000	60 754 000
Total Equity	920 000	9 309 000	17 413 000	20 644 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 587 000	475 000	8 444 000	3 289 000
Expenditure	9 290 000	8 416 000	10 336 000	10 257 000
Operating Profit	−6 704 000	−7 940 000	−1 892 000	−6 969 000
Financial Income	276 000	3 000	20 000	23 000
Financial Costs	4 324 000	2 452 000	2 273 000	1 576 000
Financial Balance	−4 048 000	−2 449 000	−2 253 000	−1 553 000
Earnings Before Tax	−10 752 000	−10 390 000	−4 145 000	−8 522 000
Tax	−2 363 000	−2 286 000	−914 000	−2 130 000
Net Income	−8 389 000	−8 104 000	−3 231 000	−6 392 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	88 976 000	72 881 000	62 364 000	58 364 000
Total Current Assets	11 486 000	5 564 000	8 033 000	2 389 000
Total Assets	100 462 000	78 446 000	70 397 000	60 754 000
Total Retained Equity	0	0	0	0
Total Equity	920 000	9 309 000	17 413 000	20 644 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	99 542 000	69 137 000	52 984 000	40 109 000
Total Equity and Debt	100 462 000	78 446 000	70 397 000	60 754 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 587 000	475 000	8 425 000	3 184 000
Other Income	0	0	19 000	104 000
Revenue	2 587 000	475 000	8 444 000	3 289 000
Cost of Goods Sold	17 000	0	76 000	0
Salary Costs	3 706 000	3 814 000	5 248 000	6 076 000
Depreciation	2 072 000	2 090 000	1 587 000	1 597 000
Impairment	0	0	1 772 000	310 000
Expenditure	9 290 000	8 416 000	10 336 000	10 257 000
Operating Profit	−6 704 000	−7 940 000	−1 892 000	−6 969 000
Financial Income	276 000	3 000	20 000	23 000
Financial Costs	4 324 000	2 452 000	2 273 000	1 576 000
Financial Balance	−4 048 000	−2 449 000	−2 253 000	−1 553 000
Dividends	0	0	0	0
Net Income	−8 389 000	−8 104 000	−3 231 000	−6 392 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	87 418 000	70 794 000	59 730 000	56 459 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 536 000	2 057 000	2 587 000	1 833 000
Fixtures	22 000	30 000	47 000	72 000
Total Tangible Assets	1 558 000	2 087 000	2 634 000	1 905 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	88 976 000	72 881 000	62 364 000	58 364 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	597 000	548 000	515 000	584 000
Total Current Assets	11 486 000	5 564 000	8 033 000	2 389 000
Total Assets	100 462 000	78 446 000	70 397 000	60 754 000
Total Equity	920 000	9 309 000	17 413 000	20 644 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 068 000	174 000	267 000	247 000
Unpaid Taxes	1 079 000	981 000	888 000	1 060 000
Dividends	0	0	0	0
Other Current Debt	96 395 000	67 983 000	51 829 000	38 803 000
Total Current Debt	99 542 000	69 137 000	52 984 000	40 109 000
Total Equity and Debt	100 462 000	78 446 000	70 397 000	60 754 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−911,85 %	−87,06 %	−18,56 %	−30,96 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−259,14 %	−1 671,58 %	−22,41 %	−211,89 %
Current Ratio	0,12	0,08	0,15	0,06
Quick Ratio	0,12	0,08	0,15	0,06
Equity Ratio	0,01	0,12	0,25	0,34
Gross Profit Margin	99,34 %	100 %	99,1 %	100 %