ULTIMAX HOLDING AS

2383 BRUMUNDDAL

Finances

Return on Equity

25,51 %

Current Ratio

1,59

Debt-to-Equity Ratio

8,52

Key figures (NOK)	2022	2021	2020	2019
Revenue	308 052 000	299 010 000	246 186 000	311 642 000
Net Income	6 221 000	12 379 000	794 000	−6 837 000
Total Assets	321 624 000	261 592 000	250 778 000	264 316 000
Total Equity	24 385 000	18 744 000	6 364 000	5 568 000

Income (NOK)	2022	2021	2020	2019
Revenue	308 052 000	299 010 000	246 186 000	311 642 000
Expenditure	292 772 000	276 583 000	237 108 000	311 825 000
Operating Profit	15 280 000	22 427 000	9 078 000	−183 000
Financial Income	85 000	103 000	106 000	110 000
Financial Costs	6 256 000	5 977 000	7 483 000	8 005 000
Financial Balance	−6 171 000	−5 874 000	−7 377 000	−7 895 000
Earnings Before Tax	9 109 000	16 553 000	1 701 000	−8 078 000
Tax	2 888 000	4 174 000	907 000	−1 241 000
Net Income	6 221 000	12 379 000	794 000	−6 837 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	179 302 000	149 896 000	149 053 000	164 716 000
Total Current Assets	142 322 000	111 696 000	101 725 000	99 600 000
Total Assets	321 624 000	261 592 000	250 778 000	264 316 000
Total Retained Equity	2 752 000	31 000	−12 349 000	−13 145 000
Total Equity	24 385 000	18 744 000	6 364 000	5 568 000
Total Long-Term Debt	207 712 000	172 905 000	186 146 000	187 077 000
Total Current Debt	89 527 000	69 943 000	58 268 000	71 671 000
Total Equity and Debt	321 624 000	261 592 000	250 778 000	264 316 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	308 052 000	299 010 000	246 186 000	311 642 000
Other Income	0	0	0	0
Revenue	308 052 000	299 010 000	246 186 000	311 642 000
Cost of Goods Sold	186 494 000	185 253 000	143 804 000	205 340 000
Salary Costs	46 913 000	39 411 000	34 199 000	42 736 000
Depreciation	30 155 000	28 318 000	29 354 000	29 088 000
Impairment	0	0	0	0
Expenditure	292 772 000	276 583 000	237 108 000	311 825 000
Operating Profit	15 280 000	22 427 000	9 078 000	−183 000
Financial Income	85 000	103 000	106 000	110 000
Financial Costs	6 256 000	5 977 000	7 483 000	8 005 000
Financial Balance	−6 171 000	−5 874 000	−7 377 000	−7 895 000
Dividends	3 500 000	0	0	0
Net Income	6 221 000	12 379 000	794 000	−6 837 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	8 015 000	10 360 000	12 705 000	15 050 000
Total Intangible Assets	20 955 000	19 131 000	19 863 000	22 469 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	158 347 000	130 765 000	129 190 000	142 247 000
Total Tangible Assets	158 347 000	130 765 000	129 190 000	142 247 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	179 302 000	149 896 000	149 053 000	164 716 000
Stock	98 535 000	64 707 000	63 810 000	67 699 000
Total Investments	0	0	0	0
Cash, Bank	15 235 000	23 690 000	10 982 000	7 158 000
Total Current Assets	142 322 000	111 696 000	101 725 000	99 600 000
Total Assets	321 624 000	261 592 000	250 778 000	264 316 000
Total Equity	24 385 000	18 744 000	6 364 000	5 568 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	207 712 000	172 905 000	186 146 000	187 077 000
Creditors	38 906 000	37 187 000	28 338 000	27 320 000
Unpaid Taxes	9 905 000	11 609 000	9 673 000	9 898 000
Dividends	3 500 000	0	0	0
Other Current Debt	14 954 000	15 284 000	11 979 000	11 750 000
Total Current Debt	89 527 000	69 943 000	58 268 000	71 671 000
Total Equity and Debt	321 624 000	261 592 000	250 778 000	264 316 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,51 %	66,04 %	12,48 %	−122,79 %
Debt-to-Equity Ratio	8,52	9,22	29,25	33,6
Operating Profit Margin	4,96 %	7,5 %	3,69 %	−0,06 %
Current Ratio	1,59	1,6	1,75	1,39
Quick Ratio	−15,8	21,33	−18,36	25,08
Equity Ratio	0,08	0,07	0,03	0,02
Gross Profit Margin	39,46 %	38,04 %	41,59 %	34,11 %