WESTFAL-LARSEN SHIPPING AS

5059 BERGEN

Finances

Share Ownership

Return on Equity

−15,49 %

Current Ratio

0,73

Debt-to-Equity Ratio

0,02

Key figures (USD)	2022	2021	2020	2019
Revenue	513 000	88 816 000	62 689 000	63 561 000
Net Income	−1 187 000	−32 000	63 000	69 000
Total Assets	21 204 000	21 866 000	9 288 000	10 534 000
Total Equity	7 663 000	21 118 000	7 835 000	7 772 000

Income (USD)	2022	2021	2020	2019
Revenue	513 000	88 816 000	62 689 000	63 561 000
Expenditure	422 000	88 744 000	62 636 000	63 506 000
Operating Profit	92 000	73 000	53 000	55 000
Financial Income	314 000	14 000	33 000	28 000
Financial Costs	1 140 000	22 000	−20 000	14 000
Financial Balance	−826 000	−8 000	53 000	14 000
Earnings Before Tax	−734 000	64 000	65 000	70 000
Tax	453 000	96 000	2 000	1 000
Net Income	−1 187 000	−32 000	63 000	69 000

Balance (USD)	2022	2021	2020	2019
Total Fixed Assets	11 447 000	6 748 000	6 393 000	4 962 000
Total Current Assets	9 758 000	15 118 000	2 895 000	5 572 000
Total Assets	21 204 000	21 866 000	9 288 000	10 534 000
Total Retained Equity	−3 143 000	217 000	584 000	520 000
Total Equity	7 663 000	21 118 000	7 835 000	7 772 000
Total Long-Term Debt	184 000	0	157 000	157 000
Total Current Debt	13 358 000	749 000	1 296 000	2 605 000
Total Equity and Debt	21 204 000	21 866 000	9 288 000	10 534 000

Cash flow (USD)	2022	2021	2020	2019
Sales Income	543 000	88 659 000	62 689 000	63 539 000
Other Income	−30 000	157 000	0	22 000
Revenue	513 000	88 816 000	62 689 000	63 561 000
Cost of Goods Sold	0	88 183 000	61 907 000	62 818 000
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	422 000	88 744 000	62 636 000	63 506 000
Operating Profit	92 000	73 000	53 000	55 000
Financial Income	314 000	14 000	33 000	28 000
Financial Costs	1 140 000	22 000	−20 000	14 000
Financial Balance	−826 000	−8 000	53 000	14 000
Dividends	0	0	0	0
Net Income	−1 187 000	−32 000	63 000	69 000

Balance details (USD)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	2 000
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	11 447 000	6 748 000	6 393 000	4 961 000
Total Fixed Assets	11 447 000	6 748 000	6 393 000	4 962 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 815 000	243 000	356 000	57 000
Total Current Assets	9 758 000	15 118 000	2 895 000	5 572 000
Total Assets	21 204 000	21 866 000	9 288 000	10 534 000
Total Equity	7 663 000	21 118 000	7 835 000	7 772 000
Short-Term Group Debt	12 997 000	429 000	200 000	1 753 000
Total Long-Term Debt	184 000	0	157 000	157 000
Creditors	360 000	267 000	31 000	25 000
Unpaid Taxes	0	0	1 065 000	811 000
Dividends	0	0	0	0
Other Current Debt	0	53 000	0	16 000
Total Current Debt	13 358 000	749 000	1 296 000	2 605 000
Total Equity and Debt	21 204 000	21 866 000	9 288 000	10 534 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−15,49 %	−0,15 %	0,8 %	0,89 %
Debt-to-Equity Ratio	0,02	0	0,02	0,02
Operating Profit Margin	17,93 %	0,08 %	0,08 %	0,09 %
Current Ratio	0,73	20,18	2,23	2,14
Quick Ratio	0,73	20,18	2,23	2,14
Equity Ratio	0,36	0,97	0,84	0,74
Gross Profit Margin	100 %	0,71 %	1,25 %	1,17 %