WESTHAWK AS

4007 STAVANGER

Finances

Return on Equity

−15,63 %

Current Ratio

102,88

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	200 000	0	0
Net Income	−31 422 000	−40 787 000	−3 818 000	10 822 000
Total Assets	202 580 000	235 055 000	275 039 000	279 853 000
Total Equity	201 000 000	232 422 000	273 209 000	277 327 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	200 000	0	0
Expenditure	3 003 000	399 000	999 000	3 192 000
Operating Profit	−3 003 000	−199 000	−999 000	−3 192 000
Financial Income	10 395 000	22 423 000	36 324 000	31 267 000
Financial Costs	39 178 000	62 170 000	38 504 000	18 395 000
Financial Balance	−28 783 000	−39 747 000	−2 180 000	12 872 000
Earnings Before Tax	−31 786 000	−39 946 000	−3 179 000	9 680 000
Tax	−363 000	841 000	639 000	−1 142 000
Net Income	−31 422 000	−40 787 000	−3 818 000	10 822 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	138 074 000	142 569 000	131 162 000	120 510 000
Total Current Assets	64 505 000	92 486 000	143 877 000	159 343 000
Total Assets	202 580 000	235 055 000	275 039 000	279 853 000
Total Retained Equity	199 047 000	230 470 000	271 257 000	275 375 000
Total Equity	201 000 000	232 422 000	273 209 000	277 327 000
Total Long-Term Debt	953 000	953 000	953 000	953 000
Total Current Debt	627 000	1 679 000	876 000	1 572 000
Total Equity and Debt	202 580 000	235 055 000	275 039 000	279 853 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	200 000	0	0
Other Income	0	0	0	0
Revenue	0	200 000	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	8 000	8 000	8 000	12 000
Impairment	2 496 000	0	0	0
Expenditure	3 003 000	399 000	999 000	3 192 000
Operating Profit	−3 003 000	−199 000	−999 000	−3 192 000
Financial Income	10 395 000	22 423 000	36 324 000	31 267 000
Financial Costs	39 178 000	62 170 000	38 504 000	18 395 000
Financial Balance	−28 783 000	−39 747 000	−2 180 000	12 872 000
Dividends	0	0	300 000	0
Net Income	−31 422 000	−40 787 000	−3 818 000	10 822 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	739 000	238 000	948 000	1 586 000
Real Eastate	8 215 000	10 711 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	43 301 000	29 056 000	18 139 000	3 710 000
Total Tangible Assets	51 517 000	39 768 000	18 139 000	3 710 000
Total Fiancial Fixed Assets	85 819 000	102 562 000	112 075 000	115 213 000
Total Fixed Assets	138 074 000	142 569 000	131 162 000	120 510 000
Stock	0	0	0	0
Total Investments	45 027 000	58 674 000	64 066 000	114 201 000
Cash, Bank	3 238 000	28 693 000	72 998 000	41 628 000
Total Current Assets	64 505 000	92 486 000	143 877 000	159 343 000
Total Assets	202 580 000	235 055 000	275 039 000	279 853 000
Total Equity	201 000 000	232 422 000	273 209 000	277 327 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	953 000	953 000	953 000	953 000
Creditors	26 000	59 000	17 000	84 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	300 000	0
Other Current Debt	464 000	1 491 000	859 000	1 488 000
Total Current Debt	627 000	1 679 000	876 000	1 572 000
Total Equity and Debt	202 580 000	235 055 000	275 039 000	279 853 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−15,63 %	−17,55 %	−1,4 %	3,9 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	−99,5 %	-	-
Current Ratio	102,88	55,08	164,24	101,36
Quick Ratio	102,88	55,08	164,24	101,36
Equity Ratio	0,99	0,99	0,99	0,99
Gross Profit Margin	-	100 %	-	-