WESTFISK AS

4276 VEAVÅGEN

Finances

Share Ownership

Return on Equity

−4,04 %

Current Ratio

16,51

Debt-to-Equity Ratio

0,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 000	3 125 000	1 348 000	0
Net Income	−279 000	2 205 000	750 000	−537 000
Total Assets	8 428 000	9 272 000	6 816 000	5 947 000
Total Equity	6 907 000	7 436 000	5 430 000	4 680 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 000	3 125 000	1 348 000	0
Expenditure	375 000	258 000	388 000	689 000
Operating Profit	−366 000	2 867 000	960 000	−689 000
Financial Income	81 000	29 000	1 000	0
Financial Costs	56 000	54 000	0	0
Financial Balance	25 000	−25 000	1 000	0
Earnings Before Tax	−342 000	2 843 000	961 000	−689 000
Tax	−63 000	637 000	211 000	−152 000
Net Income	−279 000	2 205 000	750 000	−537 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	965 000	852 000	1 467 000	5 856 000
Total Current Assets	7 463 000	8 421 000	5 349 000	91 000
Total Assets	8 428 000	9 272 000	6 816 000	5 947 000
Total Retained Equity	6 807 000	7 336 000	5 330 000	4 580 000
Total Equity	6 907 000	7 436 000	5 430 000	4 680 000
Total Long-Term Debt	1 069 000	1 333 000	999 000	965 000
Total Current Debt	452 000	504 000	386 000	301 000
Total Equity and Debt	8 428 000	9 272 000	6 816 000	5 947 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 000	125 000	30 000	0
Other Income	0	3 000 000	1 318 000	0
Revenue	8 000	3 125 000	1 348 000	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	137 000	110 000	107 000	315 000
Impairment	0	0	0	0
Expenditure	375 000	258 000	388 000	689 000
Operating Profit	−366 000	2 867 000	960 000	−689 000
Financial Income	81 000	29 000	1 000	0
Financial Costs	56 000	54 000	0	0
Financial Balance	25 000	−25 000	1 000	0
Dividends	250 000	200 000	0	0
Net Income	−279 000	2 205 000	750 000	−537 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	1 000 000	2 300 000
Real Eastate	171 000	182 000	192 000	203 000
Machinery and Plant Facilities	87 000	161 000	235 000	309 000
Fixtures	0	17 000	39 000	62 000
Total Tangible Assets	965 000	851 000	467 000	3 556 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	965 000	852 000	1 467 000	5 856 000
Stock	0	0	0	0
Total Investments	391 000	446 000	0	0
Cash, Bank	6 801 000	7 590 000	5 318 000	55 000
Total Current Assets	7 463 000	8 421 000	5 349 000	91 000
Total Assets	8 428 000	9 272 000	6 816 000	5 947 000
Total Equity	6 907 000	7 436 000	5 430 000	4 680 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 069 000	1 333 000	999 000	965 000
Creditors	0	0	0	27 000
Unpaid Taxes	0	0	2 000	0
Dividends	250 000	200 000	0	0
Other Current Debt	2 000	0	207 000	270 000
Total Current Debt	452 000	504 000	386 000	301 000
Total Equity and Debt	8 428 000	9 272 000	6 816 000	5 947 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−4,04 %	29,65 %	13,81 %	−11,47 %
Debt-to-Equity Ratio	0,15	0,18	0,18	0,21
Operating Profit Margin	−4 575 %	91,74 %	71,22 %	-
Current Ratio	16,51	16,71	13,86	0,3
Quick Ratio	16,51	16,71	13,86	0,3
Equity Ratio	0,82	0,8	0,8	0,79
Gross Profit Margin	100 %	100 %	100 %	-