WESTNES AS

9408 HARSTAD

Finances

Share Ownership

Return on Equity

20,72 %

Current Ratio

2,86

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	10 000	26 000
Net Income	347 000	−13 000	−18 000	4 000
Total Assets	1 825 000	1 678 000	1 891 000	2 159 000
Total Equity	1 675 000	1 478 000	1 691 000	1 909 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	10 000	26 000
Expenditure	39 000	25 000	35 000	28 000
Operating Profit	−39 000	−25 000	−25 000	−2 000
Financial Income	377 000	9 000	3 000	7 000
Financial Costs	0	0	0	0
Financial Balance	377 000	9 000	3 000	7 000
Earnings Before Tax	338 000	−16 000	−22 000	5 000
Tax	−9 000	−4 000	−5 000	1 000
Net Income	347 000	−13 000	−18 000	4 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 396 000	1 012 000	1 009 000	1 004 000
Total Current Assets	429 000	666 000	882 000	1 155 000
Total Assets	1 825 000	1 678 000	1 891 000	2 159 000
Total Retained Equity	1 645 000	1 448 000	1 661 000	1 879 000
Total Equity	1 675 000	1 478 000	1 691 000	1 909 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	150 000	200 000	200 000	250 000
Total Equity and Debt	1 825 000	1 678 000	1 891 000	2 159 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	10 000	26 000
Other Income	0	0	0	0
Revenue	0	0	10 000	26 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	39 000	25 000	35 000	28 000
Operating Profit	−39 000	−25 000	−25 000	−2 000
Financial Income	377 000	9 000	3 000	7 000
Financial Costs	0	0	0	0
Financial Balance	377 000	9 000	3 000	7 000
Dividends	150 000	200 000	200 000	250 000
Net Income	347 000	−13 000	−18 000	4 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	21 000	12 000	9 000	4 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	1 375 000	1 000 000	1 000 000	1 000 000
Total Fixed Assets	1 396 000	1 012 000	1 009 000	1 004 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	423 000	657 000	888 000	1 160 000
Total Current Assets	429 000	666 000	882 000	1 155 000
Total Assets	1 825 000	1 678 000	1 891 000	2 159 000
Total Equity	1 675 000	1 478 000	1 691 000	1 909 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	150 000	200 000	200 000	250 000
Other Current Debt	0	0	0	0
Total Current Debt	150 000	200 000	200 000	250 000
Total Equity and Debt	1 825 000	1 678 000	1 891 000	2 159 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,72 %	−0,88 %	−1,06 %	0,21 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	-	−250 %	−7,69 %
Current Ratio	2,86	3,33	4,41	4,62
Quick Ratio	2,86	3,33	4,41	4,62
Equity Ratio	0,92	0,88	0,89	0,88
Gross Profit Margin	-	-	100 %	100 %