WEST TECH LTD

5570 AKSDAL

Finances

Share Ownership

Return on Equity

−151,16 %

Current Ratio

0,68

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	266 000	224 000	968 000	805 000
Net Income	−65 000	−81 000	−3 000	−85 000
Total Assets	161 000	219 000	263 000	426 000
Total Equity	43 000	108 000	189 000	192 000

Income (NOK)	2022	2021	2020	2019
Revenue	266 000	224 000	968 000	805 000
Expenditure	349 000	329 000	975 000	913 000
Operating Profit	−85 000	−105 000	−6 000	−109 000
Financial Income	2 000	2 000	2 000	1 000
Financial Costs	0	0	0	1 000
Financial Balance	2 000	2 000	2 000	0
Earnings Before Tax	−83 000	−104 000	−4 000	−109 000
Tax	−18 000	−23 000	−1 000	−24 000
Net Income	−65 000	−81 000	−3 000	−85 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	81 000	173 000	249 000	347 000
Total Current Assets	80 000	46 000	14 000	79 000
Total Assets	161 000	219 000	263 000	426 000
Total Retained Equity	43 000	108 000	189 000	192 000
Total Equity	43 000	108 000	189 000	192 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	118 000	111 000	74 000	235 000
Total Equity and Debt	161 000	219 000	263 000	426 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	230 000	224 000	968 000	805 000
Other Income	36 000	0	0	0
Revenue	266 000	224 000	968 000	805 000
Cost of Goods Sold	94 000	13 000	371 000	341 000
Salary Costs	15 000	21 000	48 000	28 000
Depreciation	78 000	99 000	99 000	99 000
Impairment	0	0	0	0
Expenditure	349 000	329 000	975 000	913 000
Operating Profit	−85 000	−105 000	−6 000	−109 000
Financial Income	2 000	2 000	2 000	1 000
Financial Costs	0	0	0	1 000
Financial Balance	2 000	2 000	2 000	0
Dividends	0	0	0	0
Net Income	−65 000	−81 000	−3 000	−85 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	81 000	63 000	40 000	39 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	110 000	209 000	308 000
Fixtures	0	0	0	0
Total Tangible Assets	0	110 000	209 000	308 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	81 000	173 000	249 000	347 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 000	19 000	1 000	4 000
Total Current Assets	80 000	46 000	14 000	79 000
Total Assets	161 000	219 000	263 000	426 000
Total Equity	43 000	108 000	189 000	192 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	−2 000	21 000	7 000	46 000
Unpaid Taxes	13 000	2 000	4 000	1 000
Dividends	0	0	0	0
Other Current Debt	107 000	88 000	64 000	188 000
Total Current Debt	118 000	111 000	74 000	235 000
Total Equity and Debt	161 000	219 000	263 000	426 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−151,16 %	−75 %	−1,59 %	−44,27 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−31,95 %	−46,88 %	−0,62 %	−13,54 %
Current Ratio	0,68	0,41	0,19	0,34
Quick Ratio	0,68	0,41	0,19	0,34
Equity Ratio	0,27	0,49	0,72	0,45
Gross Profit Margin	64,66 %	94,2 %	61,67 %	57,64 %