WATER ENVIRONMENT SERVICES

3402 LIER

Finances

Share Ownership

Return on Equity

16,33 %

Current Ratio

1,61

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 037 000	2 754 000	2 377 000	56 000
Net Income	160 000	202 000	843 000	−1 396 000
Total Assets	2 146 000	1 017 000	1 898 000	709 000
Total Equity	980 000	820 000	1 468 000	625 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 037 000	2 754 000	2 377 000	56 000
Expenditure	1 764 000	2 484 000	1 444 000	413 000
Operating Profit	212 000	270 000	933 000	−357 000
Financial Income	0	1 000	2 000	3 000
Financial Costs	6 000	11 000	13 000	1 042 000
Financial Balance	−6 000	−10 000	−11 000	−1 039 000
Earnings Before Tax	206 000	260 000	922 000	−1 396 000
Tax	46 000	58 000	78 000	0
Net Income	160 000	202 000	843 000	−1 396 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	275 000	323 000	379 000	465 000
Total Current Assets	1 871 000	694 000	1 519 000	244 000
Total Assets	2 146 000	1 017 000	1 898 000	709 000
Total Retained Equity	980 000	820 000	1 468 000	625 000
Total Equity	980 000	820 000	1 468 000	625 000
Total Long-Term Debt	1 000	1 000	0	−7 000
Total Current Debt	1 165 000	196 000	430 000	91 000
Total Equity and Debt	2 146 000	1 017 000	1 898 000	709 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 037 000	2 754 000	2 377 000	18 000
Other Income	0	0	0	39 000
Revenue	2 037 000	2 754 000	2 377 000	56 000
Cost of Goods Sold	642 000	330 000	148 000	0
Salary Costs	230 000	339 000	330 000	0
Depreciation	48 000	56 000	72 000	87 000
Impairment	0	0	58 000	0
Expenditure	1 764 000	2 484 000	1 444 000	413 000
Operating Profit	212 000	270 000	933 000	−357 000
Financial Income	0	1 000	2 000	3 000
Financial Costs	6 000	11 000	13 000	1 042 000
Financial Balance	−6 000	−10 000	−11 000	−1 039 000
Dividends	0	850 000	0	0
Net Income	160 000	202 000	843 000	−1 396 000

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	33 000	42 000	52 000	86 000
Total Tangible Assets	275 000	323 000	379 000	465 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	275 000	323 000	379 000	465 000
Stock	62 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	21 000	440 000	407 000	38 000
Total Current Assets	1 871 000	694 000	1 519 000	244 000
Total Assets	2 146 000	1 017 000	1 898 000	709 000
Total Equity	980 000	820 000	1 468 000	625 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	1 000	0	−7 000
Creditors	965 000	74 000	239 000	67 000
Unpaid Taxes	6 000	11 000	50 000	−1 000
Dividends	0	850 000	0	0
Other Current Debt	47 000	54 000	64 000	26 000
Total Current Debt	1 165 000	196 000	430 000	91 000
Total Equity and Debt	2 146 000	1 017 000	1 898 000	709 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,33 %	24,63 %	57,43 %	−223,36 %
Debt-to-Equity Ratio	0	0	0	−0,01
Operating Profit Margin	10,41 %	9,8 %	39,25 %	−637,5 %
Current Ratio	1,61	3,54	3,53	2,68
Quick Ratio	1,7	3,54	3,53	2,68
Equity Ratio	0,46	0,81	0,77	0,88
Gross Profit Margin	68,48 %	88,02 %	93,77 %	100 %