WELL SYSTEM TECHNOLOGY AS

4033 STAVANGER

Finances

Share Ownership

Return on Equity

0,04 %

Current Ratio

1,3

Debt-to-Equity Ratio

Key figures (NOK)	2019	2018	2017	2016
Revenue	11 438 000	10 201 000	10 772 000	9 892 000
Net Income	11 000	2 581 000	586 000	1 584 000
Total Assets	51 661 000	45 134 000	29 258 000	29 010 000
Total Equity	31 123 000	23 662 000	18 698 000	18 112 000

Income (NOK)	2019	2018	2017	2016
Revenue	11 438 000	10 201 000	10 772 000	9 892 000
Expenditure	10 069 000	8 946 000	9 944 000	7 773 000
Operating Profit	1 369 000	1 256 000	828 000	2 119 000
Financial Income	5 057 000	2 097 000	89 000	78 000
Financial Costs	4 992 000	1 000	127 000	74 000
Financial Balance	65 000	2 096 000	−38 000	4 000
Earnings Before Tax	1 434 000	3 352 000	790 000	2 123 000
Tax	1 423 000	771 000	204 000	539 000
Net Income	11 000	2 581 000	586 000	1 584 000

Balance (NOK)	2019	2018	2017	2016
Total Fixed Assets	24 865 000	27 037 000	17 654 000	20 804 000
Total Current Assets	26 795 000	18 096 000	11 604 000	8 207 000
Total Assets	51 661 000	45 134 000	29 258 000	29 010 000
Total Retained Equity	18 616 000	21 150 000	16 223 000	15 638 000
Total Equity	31 123 000	23 662 000	18 698 000	18 112 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	20 538 000	21 472 000	10 560 000	10 898 000
Total Equity and Debt	51 661 000	45 134 000	29 258 000	29 010 000

Cash flow (NOK)	2019	2018	2017	2016
Sales Income	11 438 000	10 201 000	10 772 000	9 892 000
Other Income	0	0	0	0
Revenue	11 438 000	10 201 000	10 772 000	9 892 000
Cost of Goods Sold	3 511 000	4 199 000	4 438 000	4 063 000
Salary Costs	2 577 000	2 280 000	2 651 000	1 553 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	10 069 000	8 946 000	9 944 000	7 773 000
Operating Profit	1 369 000	1 256 000	828 000	2 119 000
Financial Income	5 057 000	2 097 000	89 000	78 000
Financial Costs	4 992 000	1 000	127 000	74 000
Financial Balance	65 000	2 096 000	−38 000	4 000
Dividends	0	0	0	2 500 000
Net Income	11 000	2 581 000	586 000	1 584 000

Balance details (NOK)	2019	2018	2017	2016
Goodwill	0	0	0	0
Total Intangible Assets	7 000 000	7 000 000	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	17 865 000	20 037 000	17 654 000	20 804 000
Total Fixed Assets	24 865 000	27 037 000	17 654 000	20 804 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	275 000	126 000	6 116 000	4 320 000
Total Current Assets	26 795 000	18 096 000	11 604 000	8 207 000
Total Assets	51 661 000	45 134 000	29 258 000	29 010 000
Total Equity	31 123 000	23 662 000	18 698 000	18 112 000
Short-Term Group Debt	7 025 000	7 593 000	0	0
Total Long-Term Debt	0	0	0	0
Creditors	789 000	10 467 000	1 000 000	217 000
Unpaid Taxes	1 546 000	97 000	599 000	604 000
Dividends	0	0	0	2 500 000
Other Current Debt	11 163 000	2 543 000	8 757 000	7 038 000
Total Current Debt	20 538 000	21 472 000	10 560 000	10 898 000
Total Equity and Debt	51 661 000	45 134 000	29 258 000	29 010 000

Financial indicators	2019	2018	2017	2016
Return on Equity	0,04 %	10,91 %	3,13 %	8,75 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	11,97 %	12,31 %	7,69 %	21,42 %
Current Ratio	1,3	0,84	1,1	0,75
Quick Ratio	1,3	0,84	1,1	0,75
Equity Ratio	0,6	0,52	0,64	0,62
Gross Profit Margin	69,3 %	58,84 %	58,8 %	58,93 %