WELLWORK INNOVATION AS

4006 STAVANGER

Finances

Return on Equity

−3,24 %

Current Ratio

0,32

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 948 000	5 801 000	4 738 000	3 537 000
Net Income	−123 000	−820 000	−2 374 000	14 020 000
Total Assets	15 233 000	14 432 000	14 983 000	28 151 000
Total Equity	3 795 000	4 318 000	6 296 000	8 670 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 948 000	5 801 000	4 738 000	3 537 000
Expenditure	5 322 000	4 858 000	4 531 000	3 989 000
Operating Profit	626 000	942 000	207 000	−452 000
Financial Income	69 000	556 000	45 000	15 351 000
Financial Costs	817 000	2 318 000	2 626 000	879 000
Financial Balance	−748 000	−1 762 000	−2 581 000	14 472 000
Earnings Before Tax	−123 000	−820 000	−2 374 000	14 020 000
Tax	0	0	0	0
Net Income	−123 000	−820 000	−2 374 000	14 020 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	11 584 000	11 979 000	13 791 000	14 608 000
Total Current Assets	3 649 000	2 453 000	1 192 000	13 543 000
Total Assets	15 233 000	14 432 000	14 983 000	28 151 000
Total Retained Equity	3 723 000	4 246 000	6 191 000	8 565 000
Total Equity	3 795 000	4 318 000	6 296 000	8 670 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	11 438 000	10 115 000	8 686 000	19 481 000
Total Equity and Debt	15 233 000	14 432 000	14 983 000	28 151 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 948 000	5 801 000	4 738 000	3 537 000
Other Income	0	0	0	0
Revenue	5 948 000	5 801 000	4 738 000	3 537 000
Cost of Goods Sold	0	0	0	0
Salary Costs	4 721 000	4 458 000	4 047 000	3 516 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	5 322 000	4 858 000	4 531 000	3 989 000
Operating Profit	626 000	942 000	207 000	−452 000
Financial Income	69 000	556 000	45 000	15 351 000
Financial Costs	817 000	2 318 000	2 626 000	879 000
Financial Balance	−748 000	−1 762 000	−2 581 000	14 472 000
Dividends	0	0	0	0
Net Income	−123 000	−820 000	−2 374 000	14 020 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	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	11 584 000	11 979 000	13 791 000	14 608 000
Total Fixed Assets	11 584 000	11 979 000	13 791 000	14 608 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	200 000	199 000	223 000	12 743 000
Total Current Assets	3 649 000	2 453 000	1 192 000	13 543 000
Total Assets	15 233 000	14 432 000	14 983 000	28 151 000
Total Equity	3 795 000	4 318 000	6 296 000	8 670 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	42 000	47 000	47 000	40 000
Unpaid Taxes	500 000	487 000	503 000	340 000
Dividends	0	0	0	0
Other Current Debt	8 318 000	7 882 000	7 477 000	7 101 000
Total Current Debt	11 438 000	10 115 000	8 686 000	19 481 000
Total Equity and Debt	15 233 000	14 432 000	14 983 000	28 151 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,24 %	−18,99 %	−37,71 %	161,71 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10,52 %	16,24 %	4,37 %	−12,78 %
Current Ratio	0,32	0,24	0,14	0,7
Quick Ratio	0,32	0,24	0,14	0,7
Equity Ratio	0,25	0,3	0,42	0,31
Gross Profit Margin	100 %	100 %	100 %	100 %