WEDDES RØRSERVICE AS

7970 KOLVEREID

Finances

Return on Equity

11,76 %

Current Ratio

2,47

Debt-to-Equity Ratio

0,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	19 525 000	19 200 000	15 804 000	13 959 000
Net Income	892 000	1 094 000	820 000	837 000
Total Assets	12 034 000	10 655 000	9 940 000	8 854 000
Total Equity	7 587 000	6 695 000	5 601 000	4 781 000

Income (NOK)	2022	2021	2020	2019
Revenue	19 525 000	19 200 000	15 804 000	13 959 000
Expenditure	18 359 000	17 755 000	14 712 000	12 910 000
Operating Profit	1 166 000	1 444 000	1 092 000	1 049 000
Financial Income	41 000	13 000	25 000	42 000
Financial Costs	60 000	55 000	65 000	17 000
Financial Balance	−19 000	−42 000	−40 000	25 000
Earnings Before Tax	1 148 000	1 402 000	1 052 000	1 074 000
Tax	255 000	309 000	232 000	238 000
Net Income	892 000	1 094 000	820 000	837 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 154 000	3 943 000	4 366 000	3 821 000
Total Current Assets	7 880 000	6 712 000	5 574 000	5 034 000
Total Assets	12 034 000	10 655 000	9 940 000	8 854 000
Total Retained Equity	7 337 000	6 445 000	5 351 000	4 531 000
Total Equity	7 587 000	6 695 000	5 601 000	4 781 000
Total Long-Term Debt	1 258 000	1 473 000	1 726 000	1 733 000
Total Current Debt	3 188 000	2 486 000	2 612 000	2 340 000
Total Equity and Debt	12 034 000	10 655 000	9 940 000	8 854 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	19 412 000	19 144 000	15 732 000	13 955 000
Other Income	114 000	55 000	72 000	4 000
Revenue	19 525 000	19 200 000	15 804 000	13 959 000
Cost of Goods Sold	8 805 000	9 495 000	7 340 000	6 796 000
Salary Costs	7 448 000	6 706 000	5 908 000	4 935 000
Depreciation	469 000	423 000	351 000	219 000
Impairment	0	0	0	0
Expenditure	18 359 000	17 755 000	14 712 000	12 910 000
Operating Profit	1 166 000	1 444 000	1 092 000	1 049 000
Financial Income	41 000	13 000	25 000	42 000
Financial Costs	60 000	55 000	65 000	17 000
Financial Balance	−19 000	−42 000	−40 000	25 000
Dividends	0	0	0	0
Net Income	892 000	1 094 000	820 000	837 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 462 000	2 545 000	2 628 000	2 710 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 637 000	1 343 000	1 684 000	1 055 000
Total Tangible Assets	4 099 000	3 888 000	4 311 000	3 766 000
Total Fiancial Fixed Assets	55 000	55 000	55 000	55 000
Total Fixed Assets	4 154 000	3 943 000	4 366 000	3 821 000
Stock	1 459 000	1 143 000	1 198 000	900 000
Total Investments	0	0	0	0
Cash, Bank	5 318 000	4 418 000	3 336 000	2 790 000
Total Current Assets	7 880 000	6 712 000	5 574 000	5 034 000
Total Assets	12 034 000	10 655 000	9 940 000	8 854 000
Total Equity	7 587 000	6 695 000	5 601 000	4 781 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 258 000	1 473 000	1 726 000	1 733 000
Creditors	318 000	102 000	167 000	269 000
Unpaid Taxes	794 000	709 000	670 000	654 000
Dividends	0	0	0	0
Other Current Debt	1 817 000	1 352 000	1 570 000	1 195 000
Total Current Debt	3 188 000	2 486 000	2 612 000	2 340 000
Total Equity and Debt	12 034 000	10 655 000	9 940 000	8 854 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,76 %	16,34 %	14,64 %	17,51 %
Debt-to-Equity Ratio	0,17	0,22	0,31	0,36
Operating Profit Margin	5,97 %	7,52 %	6,91 %	7,51 %
Current Ratio	2,47	2,7	2,13	2,15
Quick Ratio	4,56	5	3,94	3,5
Equity Ratio	0,63	0,63	0,56	0,54
Gross Profit Margin	54,9 %	50,55 %	53,56 %	51,31 %