WESTGROUP AS

6065 ULSTEINVIK

Finances

Return on Equity

−2,14 %

Current Ratio

1,84

Debt-to-Equity Ratio

0,44

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 037 000	3 170 000	6 213 000	3 828 000
Net Income	−418 000	−224 000	1 878 000	466 000
Total Assets	29 516 000	29 582 000	30 864 000	30 029 000
Total Equity	19 512 000	20 190 000	20 414 000	19 227 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 037 000	3 170 000	6 213 000	3 828 000
Expenditure	3 491 000	3 357 000	3 605 000	3 116 000
Operating Profit	−454 000	−187 000	2 609 000	713 000
Financial Income	232 000	78 000	35 000	175 000
Financial Costs	347 000	190 000	237 000	312 000
Financial Balance	−115 000	−112 000	−202 000	−137 000
Earnings Before Tax	−569 000	−300 000	2 408 000	576 000
Tax	−151 000	−76 000	530 000	110 000
Net Income	−418 000	−224 000	1 878 000	466 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	27 065 000	26 306 000	26 682 000	25 191 000
Total Current Assets	2 451 000	3 276 000	4 183 000	4 838 000
Total Assets	29 516 000	29 582 000	30 864 000	30 029 000
Total Retained Equity	19 109 000	19 787 000	20 011 000	18 824 000
Total Equity	19 512 000	20 190 000	20 414 000	19 227 000
Total Long-Term Debt	8 673 000	8 189 000	8 949 000	9 521 000
Total Current Debt	1 331 000	1 202 000	1 501 000	1 280 000
Total Equity and Debt	29 516 000	29 582 000	30 864 000	30 029 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 181 000	733 000	4 026 000	2 407 000
Other Income	1 856 000	2 437 000	2 188 000	1 421 000
Revenue	3 037 000	3 170 000	6 213 000	3 828 000
Cost of Goods Sold	102 000	50 000	806 000	511 000
Salary Costs	1 457 000	1 540 000	1 134 000	1 176 000
Depreciation	983 000	934 000	788 000	547 000
Impairment	0	0	0	0
Expenditure	3 491 000	3 357 000	3 605 000	3 116 000
Operating Profit	−454 000	−187 000	2 609 000	713 000
Financial Income	232 000	78 000	35 000	175 000
Financial Costs	347 000	190 000	237 000	312 000
Financial Balance	−115 000	−112 000	−202 000	−137 000
Dividends	0	0	0	0
Net Income	−418 000	−224 000	1 878 000	466 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	17 965 000	18 661 000	19 381 000	17 580 000
Machinery and Plant Facilities	0	0	489 000	60 000
Fixtures	2 711 000	1 305 000	398 000	138 000
Total Tangible Assets	20 676 000	19 967 000	20 268 000	17 777 000
Total Fiancial Fixed Assets	6 389 000	6 339 000	6 414 000	7 414 000
Total Fixed Assets	27 065 000	26 306 000	26 682 000	25 191 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 136 000	2 646 000	4 167 000	4 402 000
Total Current Assets	2 451 000	3 276 000	4 183 000	4 838 000
Total Assets	29 516 000	29 582 000	30 864 000	30 029 000
Total Equity	19 512 000	20 190 000	20 414 000	19 227 000
Short-Term Group Debt	447 000	422 000	422 000	537 000
Total Long-Term Debt	8 673 000	8 189 000	8 949 000	9 521 000
Creditors	576 000	435 000	99 000	473 000
Unpaid Taxes	125 000	176 000	529 000	135 000
Dividends	0	0	0	0
Other Current Debt	183 000	169 000	133 000	135 000
Total Current Debt	1 331 000	1 202 000	1 501 000	1 280 000
Total Equity and Debt	29 516 000	29 582 000	30 864 000	30 029 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−2,14 %	−1,11 %	9,2 %	2,42 %
Debt-to-Equity Ratio	0,44	0,41	0,44	0,5
Operating Profit Margin	−14,95 %	−5,9 %	41,99 %	18,63 %
Current Ratio	1,84	2,73	2,79	3,78
Quick Ratio	1,84	2,73	2,79	3,78
Equity Ratio	0,66	0,68	0,66	0,64
Gross Profit Margin	96,64 %	98,42 %	87,03 %	86,65 %