WASHINGTON MILLS AS

7300 ORKANGER

Finances

Return on Equity

33,02 %

Current Ratio

2,15

Debt-to-Equity Ratio

0,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	763 920 000	484 727 000	324 513 000	301 727 000
Net Income	120 574 000	38 770 000	5 583 000	−5 135 000
Total Assets	733 948 000	442 776 000	351 572 000	275 395 000
Total Equity	365 171 000	244 597 000	205 826 000	200 243 000

Income (NOK)	2022	2021	2020	2019
Revenue	763 920 000	484 727 000	324 513 000	301 727 000
Expenditure	666 997 000	417 894 000	347 940 000	320 113 000
Operating Profit	154 217 000	45 849 000	−2 893 000	−8 837 000
Financial Income	3 348 000	5 063 000	9 904 000	2 110 000
Financial Costs	2 947 000	1 141 000	138 000	50 000
Financial Balance	401 000	3 922 000	9 766 000	2 060 000
Earnings Before Tax	154 618 000	49 771 000	6 873 000	−6 777 000
Tax	34 044 000	11 001 000	1 290 000	−1 642 000
Net Income	120 574 000	38 770 000	5 583 000	−5 135 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	237 654 000	149 349 000	99 754 000	76 196 000
Total Current Assets	496 294 000	293 427 000	251 818 000	199 199 000
Total Assets	733 948 000	442 776 000	351 572 000	275 395 000
Total Retained Equity	0	149 730 000	110 959 000	105 376 000
Total Equity	365 171 000	244 597 000	205 826 000	200 243 000
Total Long-Term Debt	138 139 000	108 818 000	58 140 000	28 303 000
Total Current Debt	230 638 000	89 361 000	87 606 000	46 850 000
Total Equity and Debt	733 948 000	442 776 000	351 572 000	275 396 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	761 974 000	484 727 000	324 513 000	301 727 000
Other Income	1 946 000	0	0	0
Revenue	763 920 000	484 727 000	324 513 000	301 727 000
Cost of Goods Sold	446 426 000	258 030 000	199 703 000	171 903 000
Salary Costs	116 343 000	87 328 000	76 535 000	76 418 000
Depreciation	18 271 000	12 730 000	0	16 245 000
Impairment	0	0	15 080 000	0
Expenditure	666 997 000	417 894 000	347 940 000	320 113 000
Operating Profit	154 217 000	45 849 000	−2 893 000	−8 837 000
Financial Income	3 348 000	5 063 000	9 904 000	2 110 000
Financial Costs	2 947 000	1 141 000	138 000	50 000
Financial Balance	401 000	3 922 000	9 766 000	2 060 000
Dividends	0	0	0	0
Net Income	120 574 000	38 770 000	5 583 000	−5 135 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	9 519 000	11 046 000	10 021 000	11 312 000
Real Eastate	95 511 000	2 281 000	22 521 000	26 182 000
Machinery and Plant Facilities	130 583 000	58 438 000	0	36 844 000
Fixtures	0	75 614 000	65 322 000	0
Total Tangible Assets	226 094 000	136 333 000	87 843 000	63 026 000
Total Fiancial Fixed Assets	2 041 000	1 970 000	1 890 000	1 858 000
Total Fixed Assets	237 654 000	149 349 000	99 754 000	76 196 000
Stock	332 727 000	156 957 000	166 181 000	137 388 000
Total Investments	0	0	0	0
Cash, Bank	61 407 000	74 071 000	41 386 000	28 708 000
Total Current Assets	496 294 000	293 427 000	251 818 000	199 199 000
Total Assets	733 948 000	442 776 000	351 572 000	275 395 000
Total Equity	365 171 000	244 597 000	205 826 000	200 243 000
Short-Term Group Debt	115 109 000	23 537 000	54 005 000	17 520 000
Total Long-Term Debt	138 139 000	108 818 000	58 140 000	28 303 000
Creditors	58 328 000	36 066 000	18 345 000	15 637 000
Unpaid Taxes	8 059 000	7 077 000	5 627 000	4 016 000
Dividends	0	0	0	0
Other Current Debt	16 625 000	10 655 000	9 629 000	9 677 000
Total Current Debt	230 638 000	89 361 000	87 606 000	46 850 000
Total Equity and Debt	733 948 000	442 776 000	351 572 000	275 396 000

Financial indicators	2022	2021	2020	2019
Return on Equity	33,02 %	15,85 %	2,71 %	−2,56 %
Debt-to-Equity Ratio	0,38	0,44	0,28	0,14
Operating Profit Margin	20,19 %	9,46 %	−0,89 %	−2,93 %
Current Ratio	2,15	3,28	2,87	4,25
Quick Ratio	−4,86	−4,34	−3,2	−2,2
Equity Ratio	0,5	0,55	0,59	0,73
Gross Profit Margin	41,56 %	46,77 %	38,46 %	43,03 %