RENE WESTSTEIN AS

3570 ÅL

Finances

Share Ownership

Return on Equity

−25,88 %

Current Ratio

1,02

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 072 000	2 225 000	2 049 000	2 932 000
Net Income	−44 000	−74 000	50 000	53 000
Total Assets	414 000	342 000	782 000	868 000
Total Equity	170 000	214 000	288 000	238 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 072 000	2 225 000	2 049 000	2 932 000
Expenditure	1 117 000	2 313 000	1 985 000	2 853 000
Operating Profit	−45 000	−87 000	63 000	79 000
Financial Income	1 000	1 000	7 000	6 000
Financial Costs	0	0	7 000	17 000
Financial Balance	1 000	1 000	0	−11 000
Earnings Before Tax	−44 000	−87 000	64 000	68 000
Tax	0	−12 000	14 000	15 000
Net Income	−44 000	−74 000	50 000	53 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	166 000	217 000	337 000	425 000
Total Current Assets	248 000	125 000	445 000	443 000
Total Assets	414 000	342 000	782 000	868 000
Total Retained Equity	0	184 000	258 000	208 000
Total Equity	170 000	214 000	288 000	238 000
Total Long-Term Debt	0	0	12 000	182 000
Total Current Debt	244 000	128 000	481 000	447 000
Total Equity and Debt	414 000	342 000	782 000	868 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 072 000	2 225 000	2 049 000	2 932 000
Other Income	0	0	0	0
Revenue	1 072 000	2 225 000	2 049 000	2 932 000
Cost of Goods Sold	302 000	1 283 000	811 000	1 235 000
Salary Costs	616 000	734 000	889 000	1 302 000
Depreciation	51 000	67 000	88 000	20 000
Impairment	0	0	0	0
Expenditure	1 117 000	2 313 000	1 985 000	2 853 000
Operating Profit	−45 000	−87 000	63 000	79 000
Financial Income	1 000	1 000	7 000	6 000
Financial Costs	0	0	7 000	17 000
Financial Balance	1 000	1 000	0	−11 000
Dividends	0	0	0	100 000
Net Income	−44 000	−74 000	50 000	53 000

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	373 000
Fixtures	166 000	217 000	284 000	0
Total Tangible Assets	166 000	217 000	284 000	373 000
Total Fiancial Fixed Assets	0	0	53 000	53 000
Total Fixed Assets	166 000	217 000	337 000	425 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	216 000	120 000	192 000	244 000
Total Current Assets	248 000	125 000	445 000	443 000
Total Assets	414 000	342 000	782 000	868 000
Total Equity	170 000	214 000	288 000	238 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	12 000	182 000
Creditors	72 000	9 000	167 000	114 000
Unpaid Taxes	97 000	41 000	94 000	107 000
Dividends	0	0	0	100 000
Other Current Debt	75 000	78 000	203 000	125 000
Total Current Debt	244 000	128 000	481 000	447 000
Total Equity and Debt	414 000	342 000	782 000	868 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−25,88 %	−34,58 %	17,36 %	22,27 %
Debt-to-Equity Ratio	0	0	0,04	0,76
Operating Profit Margin	−4,2 %	−3,91 %	3,07 %	2,69 %
Current Ratio	1,02	0,98	0,93	0,99
Quick Ratio	1,02	0,98	0,93	0,99
Equity Ratio	0,41	0,63	0,37	0,27
Gross Profit Margin	71,83 %	42,34 %	60,42 %	57,88 %