WAVECREST NORWAY AS

7041 TRONDHEIM

Finances

Share Ownership

Return on Equity

6,92 %

Current Ratio

0,18

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 195 000	5 780 000	5 130 000	8 087 000
Net Income	92 000	137 000	94 000	13 000
Total Assets	2 704 000	4 660 000	2 325 000	2 913 000
Total Equity	1 330 000	1 237 000	1 100 000	1 006 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 195 000	5 780 000	5 130 000	8 087 000
Expenditure	5 022 000	5 523 000	4 994 000	8 029 000
Operating Profit	173 000	257 000	137 000	59 000
Financial Income	0	0	0	−1 000
Financial Costs	55 000	81 000	16 000	41 000
Financial Balance	−55 000	−81 000	−16 000	−42 000
Earnings Before Tax	118 000	176 000	121 000	17 000
Tax	26 000	39 000	27 000	4 000
Net Income	92 000	137 000	94 000	13 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 450 000	52 000	103 000	155 000
Total Current Assets	254 000	4 609 000	2 222 000	2 758 000
Total Assets	2 704 000	4 660 000	2 325 000	2 913 000
Total Retained Equity	1 227 000	1 134 000	997 000	903 000
Total Equity	1 330 000	1 237 000	1 100 000	1 006 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 375 000	3 423 000	1 225 000	1 907 000
Total Equity and Debt	2 704 000	4 660 000	2 325 000	2 913 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 195 000	5 780 000	5 130 000	8 087 000
Other Income	0	0	0	0
Revenue	5 195 000	5 780 000	5 130 000	8 087 000
Cost of Goods Sold	3 430 000	1 454 000	1 393 000	3 450 000
Salary Costs	1 417 000	3 796 000	3 495 000	4 448 000
Depreciation	52 000	52 000	52 000	52 000
Impairment	0	0	0	0
Expenditure	5 022 000	5 523 000	4 994 000	8 029 000
Operating Profit	173 000	257 000	137 000	59 000
Financial Income	0	0	0	−1 000
Financial Costs	55 000	81 000	16 000	41 000
Financial Balance	−55 000	−81 000	−16 000	−42 000
Dividends	0	0	0	0
Net Income	92 000	137 000	94 000	13 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	52 000	103 000	155 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	2 450 000	0	0	0
Total Fixed Assets	2 450 000	52 000	103 000	155 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	254 000	371 000	258 000	54 000
Total Current Assets	254 000	4 609 000	2 222 000	2 758 000
Total Assets	2 704 000	4 660 000	2 325 000	2 913 000
Total Equity	1 330 000	1 237 000	1 100 000	1 006 000
Short-Term Group Debt	616 000	2 778 000	600 000	600 000
Total Long-Term Debt	0	0	0	0
Creditors	509 000	20 000	67 000	114 000
Unpaid Taxes	108 000	282 000	237 000	282 000
Dividends	0	0	0	0
Other Current Debt	116 000	305 000	295 000	638 000
Total Current Debt	1 375 000	3 423 000	1 225 000	1 907 000
Total Equity and Debt	2 704 000	4 660 000	2 325 000	2 913 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,92 %	11,08 %	8,55 %	1,29 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	3,33 %	4,45 %	2,67 %	0,73 %
Current Ratio	0,18	1,35	1,81	1,45
Quick Ratio	0,18	1,35	1,81	1,45
Equity Ratio	0,49	0,27	0,47	0,35
Gross Profit Margin	33,97 %	74,84 %	72,85 %	57,34 %