WELHAVEN AS

1454 FAGERSTRAND

Finances

Return on Equity

54,67 %

Current Ratio

0,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	23 000	312 000	352 000	334 000
Net Income	12 786 000	5 769 000	11 672 000	182 000
Total Assets	29 083 000	21 189 000	18 422 000	7 765 000
Total Equity	23 388 000	10 602 000	9 833 000	6 561 000

Income (NOK)	2022	2021	2020	2019
Revenue	23 000	312 000	352 000	334 000
Expenditure	623 000	834 000	743 000	867 000
Operating Profit	−600 000	−521 000	−391 000	−533 000
Financial Income	13 386 000	7 190 000	12 063 000	837 000
Financial Costs	0	900 000	0	122 000
Financial Balance	13 386 000	6 290 000	12 063 000	715 000
Earnings Before Tax	12 786 000	5 769 000	11 672 000	182 000
Tax	0	0	0	0
Net Income	12 786 000	5 769 000	11 672 000	182 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	27 758 000	14 776 000	7 336 000	5 492 000
Total Current Assets	1 325 000	6 413 000	11 086 000	2 272 000
Total Assets	29 083 000	21 189 000	18 422 000	7 765 000
Total Retained Equity	22 511 000	9 725 000	8 956 000	5 684 000
Total Equity	23 388 000	10 602 000	9 833 000	6 561 000
Total Long-Term Debt	0	400 000	0	0
Total Current Debt	5 696 000	10 187 000	8 589 000	1 204 000
Total Equity and Debt	29 083 000	21 189 000	18 422 000	7 765 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	23 000	312 000	352 000	334 000
Other Income	0	0	0	0
Revenue	23 000	312 000	352 000	334 000
Cost of Goods Sold	0	0	9 000	26 000
Salary Costs	444 000	670 000	568 000	691 000
Depreciation	47 000	1 000	0	0
Impairment	0	0	0	0
Expenditure	623 000	834 000	743 000	867 000
Operating Profit	−600 000	−521 000	−391 000	−533 000
Financial Income	13 386 000	7 190 000	12 063 000	837 000
Financial Costs	0	900 000	0	122 000
Financial Balance	13 386 000	6 290 000	12 063 000	715 000
Dividends	0	0	8 000 000	0
Net Income	12 786 000	5 769 000	11 672 000	182 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 128 000	1 128 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	322 000	19 000	0	0
Total Tangible Assets	1 450 000	1 148 000	0	0
Total Fiancial Fixed Assets	26 308 000	13 629 000	7 336 000	5 492 000
Total Fixed Assets	27 758 000	14 776 000	7 336 000	5 492 000
Stock	0	0	0	0
Total Investments	39 000	39 000	39 000	39 000
Cash, Bank	112 000	3 254 000	8 850 000	1 329 000
Total Current Assets	1 325 000	6 413 000	11 086 000	2 272 000
Total Assets	29 083 000	21 189 000	18 422 000	7 765 000
Total Equity	23 388 000	10 602 000	9 833 000	6 561 000
Short-Term Group Debt	0	0	400 000	0
Total Long-Term Debt	0	400 000	0	0
Creditors	0	0	−7 000	−10 000
Unpaid Taxes	1 000	90 000	108 000	108 000
Dividends	0	0	8 000 000	0
Other Current Debt	5 695 000	10 097 000	87 000	1 106 000
Total Current Debt	5 696 000	10 187 000	8 589 000	1 204 000
Total Equity and Debt	29 083 000	21 189 000	18 422 000	7 765 000

Financial indicators	2022	2021	2020	2019
Return on Equity	54,67 %	54,41 %	118,7 %	2,77 %
Debt-to-Equity Ratio	0	0,04	0	0
Operating Profit Margin	−2 608,7 %	−166,99 %	−111,08 %	−159,58 %
Current Ratio	0,23	0,63	1,29	1,89
Quick Ratio	0,23	0,63	1,29	1,89
Equity Ratio	0,8	0,5	0,53	0,84
Gross Profit Margin	100 %	100 %	97,44 %	92,22 %