WEST-TEAM AS

5179 GODVIK

Finances

Share Ownership

Return on Equity

54,37 %

Current Ratio

1,47

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	35 052 000	43 835 000	49 847 000	50 522 000
Net Income	4 893 000	3 610 000	8 406 000	6 123 000
Total Assets	20 503 000	24 738 000	31 307 000	28 056 000
Total Equity	9 000 000	8 482 000	9 628 000	12 326 000

Income (NOK)	2022	2021	2020	2019
Revenue	35 052 000	43 835 000	49 847 000	50 522 000
Expenditure	28 708 000	39 180 000	39 060 000	42 602 000
Operating Profit	6 345 000	4 656 000	10 788 000	7 920 000
Financial Income	0	0	6 000	13 000
Financial Costs	0	1 000	0	24 000
Financial Balance	0	−1 000	6 000	−11 000
Earnings Before Tax	6 344 000	4 655 000	10 794 000	7 909 000
Tax	1 452 000	1 045 000	2 388 000	1 786 000
Net Income	4 893 000	3 610 000	8 406 000	6 123 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 573 000	4 399 000	4 866 000	5 445 000
Total Current Assets	16 930 000	20 339 000	26 441 000	22 611 000
Total Assets	20 503 000	24 738 000	31 307 000	28 056 000
Total Retained Equity	5 546 000	5 028 000	6 174 000	8 872 000
Total Equity	9 000 000	8 482 000	9 628 000	12 326 000
Total Long-Term Debt	0	0	0	34 000
Total Current Debt	11 503 000	16 256 000	21 678 000	15 696 000
Total Equity and Debt	20 503 000	24 738 000	31 307 000	28 056 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 052 000	43 785 000	49 847 000	50 502 000
Other Income	0	51 000	0	20 000
Revenue	35 052 000	43 835 000	49 847 000	50 522 000
Cost of Goods Sold	5 477 000	4 363 000	6 423 000	9 093 000
Salary Costs	17 434 000	29 073 000	26 704 000	27 444 000
Depreciation	616 000	708 000	823 000	859 000
Impairment	0	0	0	0
Expenditure	28 708 000	39 180 000	39 060 000	42 602 000
Operating Profit	6 345 000	4 656 000	10 788 000	7 920 000
Financial Income	0	0	6 000	13 000
Financial Costs	0	1 000	0	24 000
Financial Balance	0	−1 000	6 000	−11 000
Dividends	0	0	9 904 000	0
Net Income	4 893 000	3 610 000	8 406 000	6 123 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	86 000	304 000	7 000	0
Real Eastate	2 462 000	2 598 000	2 734 000	2 914 000
Machinery and Plant Facilities	0	0	430 000	392 000
Fixtures	911 000	1 321 000	1 498 000	1 941 000
Total Tangible Assets	3 373 000	3 919 000	4 661 000	5 247 000
Total Fiancial Fixed Assets	114 000	176 000	198 000	198 000
Total Fixed Assets	3 573 000	4 399 000	4 866 000	5 445 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	12 770 000	15 362 000	21 198 000	15 244 000
Total Current Assets	16 930 000	20 339 000	26 441 000	22 611 000
Total Assets	20 503 000	24 738 000	31 307 000	28 056 000
Total Equity	9 000 000	8 482 000	9 628 000	12 326 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	34 000
Creditors	714 000	953 000	1 127 000	1 141 000
Unpaid Taxes	2 390 000	3 537 000	3 851 000	3 536 000
Dividends	0	0	9 904 000	0
Other Current Debt	8 399 000	11 766 000	14 609 000	10 973 000
Total Current Debt	11 503 000	16 256 000	21 678 000	15 696 000
Total Equity and Debt	20 503 000	24 738 000	31 307 000	28 056 000

Financial indicators	2022	2021	2020	2019
Return on Equity	54,37 %	42,56 %	87,31 %	49,68 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	18,1 %	10,62 %	21,64 %	15,68 %
Current Ratio	1,47	1,25	1,22	1,44
Quick Ratio	1,47	1,25	1,22	1,44
Equity Ratio	0,44	0,34	0,31	0,44
Gross Profit Margin	84,37 %	90,05 %	87,11 %	82 %