WEST GRATITUDE AS

4007 STAVANGER

Finances

Return on Equity

−6,31 %

Current Ratio

13,61

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−7 558 000	12 012 000	13 221 000	14 300 000
Total Assets	128 648 000	150 639 000	143 409 000	131 836 000
Total Equity	119 855 000	147 013 000	143 001 000	129 780 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	1 089 000	599 000	305 000	107 000
Operating Profit	−1 088 000	−598 000	−306 000	−107 000
Financial Income	3 400 000	12 662 000	13 810 000	14 758 000
Financial Costs	9 904 000	0	1 000	50 000
Financial Balance	−6 504 000	12 662 000	13 809 000	14 708 000
Earnings Before Tax	−7 592 000	12 063 000	13 503 000	14 602 000
Tax	−34 000	51 000	282 000	302 000
Net Income	−7 558 000	12 012 000	13 221 000	14 300 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 002 000	9 002 000	9 002 000	9 002 000
Total Current Assets	119 645 000	141 636 000	134 407 000	122 833 000
Total Assets	128 648 000	150 639 000	143 409 000	131 836 000
Total Retained Equity	119 505 000	146 662 000	142 650 000	129 429 000
Total Equity	119 855 000	147 013 000	143 001 000	129 780 000
Total Long-Term Debt	0	34 000	93 000	36 000
Total Current Debt	8 792 000	3 591 000	316 000	2 021 000
Total Equity and Debt	128 648 000	150 639 000	143 409 000	131 836 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	601 000	145 000	130 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 089 000	599 000	305 000	107 000
Operating Profit	−1 088 000	−598 000	−306 000	−107 000
Financial Income	3 400 000	12 662 000	13 810 000	14 758 000
Financial Costs	9 904 000	0	1 000	50 000
Financial Balance	−6 504 000	12 662 000	13 809 000	14 708 000
Dividends	0	0	0	0
Net Income	−7 558 000	12 012 000	13 221 000	14 300 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
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	9 002 000	9 002 000	9 002 000	9 002 000
Total Fixed Assets	9 002 000	9 002 000	9 002 000	9 002 000
Stock	0	0	0	0
Total Investments	113 954 000	139 712 000	120 036 000	113 056 000
Cash, Bank	5 692 000	1 895 000	11 745 000	7 939 000
Total Current Assets	119 645 000	141 636 000	134 407 000	122 833 000
Total Assets	128 648 000	150 639 000	143 409 000	131 836 000
Total Equity	119 855 000	147 013 000	143 001 000	129 780 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	34 000	93 000	36 000
Creditors	4 000	30 000	0	36 000
Unpaid Taxes	44 000	8 000	8 000	0
Dividends	0	0	0	0
Other Current Debt	8 745 000	11 000	83 000	1 718 000
Total Current Debt	8 792 000	3 591 000	316 000	2 021 000
Total Equity and Debt	128 648 000	150 639 000	143 409 000	131 836 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,31 %	8,17 %	9,25 %	11,02 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	-	-
Current Ratio	13,61	39,44	425,34	60,78
Quick Ratio	13,61	39,44	425,34	60,78
Equity Ratio	0,93	0,98	1	0,98
Gross Profit Margin	-	-	-	-