WATCO AS

7170 ÅFJORD

Finances

Share Ownership

Return on Equity

22,66 %

Current Ratio

0,95

Debt-to-Equity Ratio

4,23

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 287 000	9 471 000	7 515 000	9 024 000
Net Income	179 000	119 000	−241 000	−60 000
Total Assets	5 771 000	5 796 000	5 724 000	6 922 000
Total Equity	790 000	811 000	692 000	933 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 287 000	9 471 000	7 515 000	9 024 000
Expenditure	9 872 000	9 138 000	7 602 000	8 837 000
Operating Profit	416 000	333 000	−87 000	187 000
Financial Income	9 000	9 000	12 000	8 000
Financial Costs	206 000	192 000	207 000	255 000
Financial Balance	−197 000	−183 000	−195 000	−247 000
Earnings Before Tax	220 000	150 000	−282 000	−60 000
Tax	40 000	31 000	−41 000	0
Net Income	179 000	119 000	−241 000	−60 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 216 000	4 249 000	4 452 000	4 705 000
Total Current Assets	1 554 000	1 547 000	1 272 000	2 217 000
Total Assets	5 771 000	5 796 000	5 724 000	6 922 000
Total Retained Equity	297 000	118 000	−1 000	240 000
Total Equity	790 000	811 000	692 000	933 000
Total Long-Term Debt	3 342 000	3 448 000	4 054 000	4 797 000
Total Current Debt	1 638 000	1 537 000	978 000	1 192 000
Total Equity and Debt	5 771 000	5 796 000	5 724 000	6 922 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 684 000	8 829 000	6 792 000	8 395 000
Other Income	603 000	642 000	723 000	629 000
Revenue	10 287 000	9 471 000	7 515 000	9 024 000
Cost of Goods Sold	5 560 000	5 193 000	3 930 000	4 742 000
Salary Costs	2 710 000	2 437 000	2 135 000	2 479 000
Depreciation	214 000	227 000	225 000	260 000
Impairment	0	0	0	0
Expenditure	9 872 000	9 138 000	7 602 000	8 837 000
Operating Profit	416 000	333 000	−87 000	187 000
Financial Income	9 000	9 000	12 000	8 000
Financial Costs	206 000	192 000	207 000	255 000
Financial Balance	−197 000	−183 000	−195 000	−247 000
Dividends	0	0	0	0
Net Income	179 000	119 000	−241 000	−60 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	39 000	104 000	170 000
Total Intangible Assets	0	39 000	104 000	170 000
Real Eastate	4 008 000	4 162 000	4 316 000	4 470 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	199 000	31 000	0	5 000
Total Tangible Assets	4 207 000	4 193 000	4 316 000	4 475 000
Total Fiancial Fixed Assets	9 000	17 000	32 000	60 000
Total Fixed Assets	4 216 000	4 249 000	4 452 000	4 705 000
Stock	340 000	314 000	371 000	407 000
Total Investments	0	0	0	0
Cash, Bank	424 000	585 000	497 000	1 259 000
Total Current Assets	1 554 000	1 547 000	1 272 000	2 217 000
Total Assets	5 771 000	5 796 000	5 724 000	6 922 000
Total Equity	790 000	811 000	692 000	933 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 342 000	3 448 000	4 054 000	4 797 000
Creditors	906 000	941 000	500 000	593 000
Unpaid Taxes	385 000	293 000	234 000	321 000
Dividends	0	0	0	0
Other Current Debt	307 000	272 000	244 000	278 000
Total Current Debt	1 638 000	1 537 000	978 000	1 192 000
Total Equity and Debt	5 771 000	5 796 000	5 724 000	6 922 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,66 %	14,67 %	−34,83 %	−6,43 %
Debt-to-Equity Ratio	4,23	4,25	5,86	5,14
Operating Profit Margin	4,04 %	3,52 %	−1,16 %	2,07 %
Current Ratio	0,95	1,01	1,3	1,86
Quick Ratio	1,2	1,26	2,1	2,82
Equity Ratio	0,14	0,14	0,12	0,13
Gross Profit Margin	45,95 %	45,17 %	47,7 %	47,45 %