WELL INNOVATION HOLDING AS

4313 SANDNES

Finances

Return on Equity

−11,71 %

Current Ratio

0,75

Debt-to-Equity Ratio

0,73

Key figures (NOK)	2022	2021	2020	2019
Revenue	27 689 000	1 245 000	45 236 000	50 185 000
Net Income	−7 635 000	−15 365 000	1 973 000	−3 109 000
Total Assets	142 663 000	118 169 000	103 544 000	109 017 000
Total Equity	65 195 000	72 830 000	88 195 000	86 222 000

Income (NOK)	2022	2021	2020	2019
Revenue	27 689 000	1 245 000	45 236 000	50 185 000
Expenditure	35 687 000	20 438 000	41 351 000	54 009 000
Operating Profit	−7 997 000	−19 193 000	3 886 000	−3 825 000
Financial Income	347 000	13 000	332 000	777 000
Financial Costs	2 127 000	1 127 000	1 690 000	1 250 000
Financial Balance	−1 780 000	−1 114 000	−1 358 000	−473 000
Earnings Before Tax	−9 777 000	−20 307 000	2 528 000	−4 298 000
Tax	−2 142 000	−4 942 000	555 000	−1 189 000
Net Income	−7 635 000	−15 365 000	1 973 000	−3 109 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	120 258 000	105 986 000	94 475 000	93 916 000
Total Current Assets	22 405 000	12 183 000	9 069 000	15 102 000
Total Assets	142 663 000	118 169 000	103 544 000	109 017 000
Total Retained Equity	0	0	0	0
Total Equity	65 195 000	72 830 000	88 195 000	86 222 000
Total Long-Term Debt	47 439 000	20 000 000	10 000 000	0
Total Current Debt	30 029 000	25 339 000	5 349 000	22 796 000
Total Equity and Debt	142 663 000	118 169 000	103 544 000	109 017 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	27 689 000	1 245 000	45 218 000	50 185 000
Other Income	0	0	19 000	0
Revenue	27 689 000	1 245 000	45 236 000	50 185 000
Cost of Goods Sold	14 347 000	395 000	17 507 000	27 845 000
Salary Costs	8 909 000	9 766 000	11 487 000	12 804 000
Depreciation	3 674 000	3 753 000	3 559 000	3 546 000
Impairment	0	0	1 772 000	310 000
Expenditure	35 687 000	20 438 000	41 351 000	54 009 000
Operating Profit	−7 997 000	−19 193 000	3 886 000	−3 825 000
Financial Income	347 000	13 000	332 000	777 000
Financial Costs	2 127 000	1 127 000	1 690 000	1 250 000
Financial Balance	−1 780 000	−1 114 000	−1 358 000	−473 000
Dividends	0	0	0	0
Net Income	−7 635 000	−15 365 000	1 973 000	−3 109 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	118 597 000	103 647 000	91 378 000	91 028 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 660 000	2 309 000	3 080 000	2 815 000
Fixtures	0	30 000	17 000	72 000
Total Tangible Assets	1 660 000	2 339 000	3 097 000	2 888 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	120 258 000	105 986 000	94 475 000	93 916 000
Stock	752 000	795 000	815 000	826 000
Total Investments	0	0	0	0
Cash, Bank	922 000	807 000	653 000	9 461 000
Total Current Assets	22 405 000	12 183 000	9 069 000	15 102 000
Total Assets	142 663 000	118 169 000	103 544 000	109 017 000
Total Equity	65 195 000	72 830 000	88 195 000	86 222 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	47 439 000	20 000 000	10 000 000	0
Creditors	2 978 000	620 000	1 047 000	2 884 000
Unpaid Taxes	0	1 445 000	1 460 000	1 620 000
Dividends	0	0	0	0
Other Current Debt	25 452 000	9 321 000	2 842 000	18 292 000
Total Current Debt	30 029 000	25 339 000	5 349 000	22 796 000
Total Equity and Debt	142 663 000	118 169 000	103 544 000	109 017 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,71 %	−21,1 %	2,24 %	−3,61 %
Debt-to-Equity Ratio	0,73	0,27	0,11	0
Operating Profit Margin	−28,88 %	−1 541,61 %	8,59 %	−7,62 %
Current Ratio	0,75	0,48	1,7	0,66
Quick Ratio	0,77	0,5	2	0,69
Equity Ratio	0,46	0,62	0,85	0,79
Gross Profit Margin	48,19 %	68,27 %	61,3 %	44,52 %