URDALEN SYSTEMS AS

3684 NOTODDEN

Finances

Return on Equity

22,84 %

Current Ratio

1,82

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	30 000	0	0
Net Income	331 000	1 847 000	889 000	630 000
Total Assets	2 184 000	3 516 000	1 646 000	1 019 000
Total Equity	1 449 000	1 918 000	1 470 000	581 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	30 000	0	0
Expenditure	91 000	51 000	39 000	20 000
Operating Profit	−91 000	−22 000	−39 000	−20 000
Financial Income	639 000	1 900 000	928 000	650 000
Financial Costs	217 000	31 000	0	0
Financial Balance	422 000	1 869 000	928 000	650 000
Earnings Before Tax	331 000	1 847 000	889 000	630 000
Tax	0	0	0	0
Net Income	331 000	1 847 000	889 000	630 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	845 000	815 000	652 000	247 000
Total Current Assets	1 339 000	2 701 000	993 000	771 000
Total Assets	2 184 000	3 516 000	1 646 000	1 019 000
Total Retained Equity	1 419 000	1 888 000	1 440 000	551 000
Total Equity	1 449 000	1 918 000	1 470 000	581 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	735 000	1 598 000	175 000	437 000
Total Equity and Debt	2 184 000	3 516 000	1 646 000	1 019 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	30 000	0	0
Other Income	0	0	0	0
Revenue	0	30 000	0	0
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	91 000	51 000	39 000	20 000
Operating Profit	−91 000	−22 000	−39 000	−20 000
Financial Income	639 000	1 900 000	928 000	650 000
Financial Costs	217 000	31 000	0	0
Financial Balance	422 000	1 869 000	928 000	650 000
Dividends	800 000	1 400 000	0	0
Net Income	331 000	1 847 000	889 000	630 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
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	845 000	815 000	652 000	247 000
Total Fixed Assets	845 000	815 000	652 000	247 000
Stock	0	0	0	0
Total Investments	115 000	332 000	0	0
Cash, Bank	487 000	315 000	66 000	121 000
Total Current Assets	1 339 000	2 701 000	993 000	771 000
Total Assets	2 184 000	3 516 000	1 646 000	1 019 000
Total Equity	1 449 000	1 918 000	1 470 000	581 000
Short-Term Group Debt	216 000	172 000	172 000	401 000
Total Long-Term Debt	0	0	0	0
Creditors	13 000	13 000	3 000	1 000
Unpaid Taxes	0	0	0	0
Dividends	800 000	1 400 000	0	0
Other Current Debt	5 000	13 000	0	35 000
Total Current Debt	735 000	1 598 000	175 000	437 000
Total Equity and Debt	2 184 000	3 516 000	1 646 000	1 019 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,84 %	96,3 %	60,48 %	108,43 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	-	−73,33 %	-	-
Current Ratio	1,82	1,69	5,67	1,76
Quick Ratio	1,82	1,69	5,67	1,76
Equity Ratio	0,66	0,55	0,89	0,57
Gross Profit Margin	-	100 %	-	-