WETTELAND ELEKTRO AS

4363 BRUSAND

Finances

Share Ownership

Return on Equity

326,4 %

Current Ratio

3,05

Debt-to-Equity Ratio

2,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 055 000	399 000	314 000	104 000
Net Income	408 000	−91 000	−64 000	−208 000
Total Assets	646 000	519 000	657 000	468 000
Total Equity	125 000	−284 000	−192 000	−128 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 055 000	399 000	314 000	104 000
Expenditure	646 000	490 000	379 000	314 000
Operating Profit	408 000	−91 000	−65 000	−210 000
Financial Income	0	0	0	2 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	2 000
Earnings Before Tax	408 000	−91 000	−64 000	−208 000
Tax	0	0	0	0
Net Income	408 000	−91 000	−64 000	−208 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	111 000	148 000	223 000	239 000
Total Current Assets	536 000	372 000	434 000	229 000
Total Assets	646 000	519 000	657 000	468 000
Total Retained Equity	25 000	−384 000	−292 000	−228 000
Total Equity	125 000	−284 000	−192 000	−128 000
Total Long-Term Debt	346 000	771 000	785 000	594 000
Total Current Debt	176 000	32 000	64 000	2 000
Total Equity and Debt	646 000	519 000	657 000	468 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 055 000	399 000	314 000	104 000
Other Income	0	0	0	0
Revenue	1 055 000	399 000	314 000	104 000
Cost of Goods Sold	318 000	290 000	187 000	109 000
Salary Costs	69 000	13 000	13 000	4 000
Depreciation	74 000	75 000	88 000	89 000
Impairment	0	0	0	0
Expenditure	646 000	490 000	379 000	314 000
Operating Profit	408 000	−91 000	−65 000	−210 000
Financial Income	0	0	0	2 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	2 000
Dividends	0	0	0	0
Net Income	408 000	−91 000	−64 000	−208 000

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	111 000	148 000	223 000	239 000
Total Tangible Assets	111 000	148 000	223 000	239 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	111 000	148 000	223 000	239 000
Stock	186 000	160 000	163 000	123 000
Total Investments	0	0	0	0
Cash, Bank	210 000	180 000	213 000	70 000
Total Current Assets	536 000	372 000	434 000	229 000
Total Assets	646 000	519 000	657 000	468 000
Total Equity	125 000	−284 000	−192 000	−128 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	346 000	771 000	785 000	594 000
Creditors	20 000	19 000	61 000	1 000
Unpaid Taxes	146 000	10 000	0	0
Dividends	0	0	0	0
Other Current Debt	10 000	4 000	3 000	0
Total Current Debt	176 000	32 000	64 000	2 000
Total Equity and Debt	646 000	519 000	657 000	468 000

Financial indicators	2022	2021	2020	2019
Return on Equity	326,4 %	32,04 %	33,33 %	162,5 %
Debt-to-Equity Ratio	2,77	−2,71	−4,09	−4,64
Operating Profit Margin	38,67 %	−22,81 %	−20,7 %	−201,92 %
Current Ratio	3,05	11,63	6,78	114,5
Quick Ratio	−53,6	−2,91	−4,38	−1,89
Equity Ratio	0,19	−0,55	−0,29	−0,27
Gross Profit Margin	69,86 %	27,32 %	40,45 %	−4,81 %