ULTIMATE NORDIC AS

1081 OSLO

Finances

Return on Equity

32,12 %

Current Ratio

1,18

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	500 692 000	520 841 000	397 988 000	382 218 000
Net Income	21 705 000	60 074 000	12 796 000	5 003 000
Total Assets	329 599 000	278 446 000	177 710 000	197 207 000
Total Equity	67 574 000	57 870 000	41 396 000	49 600 000

Income (NOK)	2022	2021	2020	2019
Revenue	500 692 000	520 841 000	397 988 000	382 218 000
Expenditure	482 188 000	464 719 000	381 191 000	377 472 000
Operating Profit	18 503 000	56 123 000	16 796 000	4 745 000
Financial Income	10 841 000	16 982 000	1 374 000	2 477 000
Financial Costs	3 396 000	1 507 000	1 681 000	1 540 000
Financial Balance	7 445 000	15 475 000	−307 000	937 000
Earnings Before Tax	25 948 000	71 598 000	16 489 000	5 683 000
Tax	4 244 000	11 523 000	3 694 000	680 000
Net Income	21 705 000	60 074 000	12 796 000	5 003 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	38 164 000	47 255 000	42 254 000	28 595 000
Total Current Assets	291 435 000	231 191 000	135 456 000	168 612 000
Total Assets	329 599 000	278 446 000	177 710 000	197 207 000
Total Retained Equity	61 874 000	52 170 000	35 696 000	43 900 000
Total Equity	67 574 000	57 870 000	41 396 000	49 600 000
Total Long-Term Debt	14 305 000	18 832 000	14 750 000	15 225 000
Total Current Debt	247 719 000	201 744 000	121 564 000	132 382 000
Total Equity and Debt	329 599 000	278 446 000	177 710 000	197 207 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	498 645 000	520 541 000	397 757 000	381 881 000
Other Income	2 047 000	300 000	230 000	337 000
Revenue	500 692 000	520 841 000	397 988 000	382 218 000
Cost of Goods Sold	358 093 000	354 491 000	286 661 000	283 984 000
Salary Costs	30 322 000	28 928 000	28 500 000	30 234 000
Depreciation	5 440 000	3 907 000	1 762 000	1 409 000
Impairment	0	0	0	0
Expenditure	482 188 000	464 719 000	381 191 000	377 472 000
Operating Profit	18 503 000	56 123 000	16 796 000	4 745 000
Financial Income	10 841 000	16 982 000	1 374 000	2 477 000
Financial Costs	3 396 000	1 507 000	1 681 000	1 540 000
Financial Balance	7 445 000	15 475 000	−307 000	937 000
Dividends	12 000 000	40 000 000	21 000 000	0
Net Income	21 705 000	60 074 000	12 796 000	5 003 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	10 858 000	14 140 000	3 669 000	2 286 000
Total Intangible Assets	20 700 000	22 504 000	10 750 000	6 465 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	8 010 000	5 062 000	2 353 000	2 648 000
Total Tangible Assets	8 010 000	5 062 000	2 353 000	2 648 000
Total Fiancial Fixed Assets	9 455 000	19 689 000	29 151 000	19 481 000
Total Fixed Assets	38 164 000	47 255 000	42 254 000	28 595 000
Stock	194 070 000	122 853 000	70 286 000	94 367 000
Total Investments	0	0	0	67 000
Cash, Bank	1 199 000	1 232 000	1 265 000	1 231 000
Total Current Assets	291 435 000	231 191 000	135 456 000	168 612 000
Total Assets	329 599 000	278 446 000	177 710 000	197 207 000
Total Equity	67 574 000	57 870 000	41 396 000	49 600 000
Short-Term Group Debt	0	58 502 000	24 011 000	75 670 000
Total Long-Term Debt	14 305 000	18 832 000	14 750 000	15 225 000
Creditors	207 396 000	58 826 000	44 056 000	35 030 000
Unpaid Taxes	11 782 000	17 065 000	18 827 000	12 299 000
Dividends	12 000 000	40 000 000	21 000 000	0
Other Current Debt	10 994 000	15 706 000	9 986 000	8 867 000
Total Current Debt	247 719 000	201 744 000	121 564 000	132 382 000
Total Equity and Debt	329 599 000	278 446 000	177 710 000	197 207 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,12 %	103,81 %	30,91 %	10,09 %
Debt-to-Equity Ratio	0,21	0,33	0,36	0,31
Operating Profit Margin	3,7 %	10,78 %	4,22 %	1,24 %
Current Ratio	1,18	1,15	1,11	1,27
Quick Ratio	5,43	2,93	2,64	4,44
Equity Ratio	0,21	0,21	0,23	0,25
Gross Profit Margin	28,48 %	31,94 %	27,97 %	25,7 %