ULVANG SEA SERVICE AS

9790 KJØLLEFJORD

Finances

Share Ownership

Return on Equity

−43,8 %

Current Ratio

1,24

Debt-to-Equity Ratio

−6,97

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 023 000	1 651 000	940 000	1 433 000
Net Income	378 000	−170 000	−603 000	51 000
Total Assets	5 589 000	5 482 000	6 547 000	6 908 000
Total Equity	−863 000	−1 241 000	−1 071 000	−469 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 023 000	1 651 000	940 000	1 433 000
Expenditure	2 222 000	1 180 000	1 247 000	1 186 000
Operating Profit	800 000	471 000	−306 000	246 000
Financial Income	8 000	9 000	0	2 000
Financial Costs	429 000	650 000	297 000	198 000
Financial Balance	−421 000	−641 000	−297 000	−196 000
Earnings Before Tax	378 000	−170 000	−603 000	51 000
Tax	0	0	0	0
Net Income	378 000	−170 000	−603 000	51 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 049 000	5 273 000	6 205 000	6 666 000
Total Current Assets	540 000	209 000	342 000	243 000
Total Assets	5 589 000	5 482 000	6 547 000	6 908 000
Total Retained Equity	−893 000	−1 271 000	−1 101 000	−499 000
Total Equity	−863 000	−1 241 000	−1 071 000	−469 000
Total Long-Term Debt	6 015 000	6 492 000	7 146 000	7 275 000
Total Current Debt	437 000	231 000	473 000	101 000
Total Equity and Debt	5 589 000	5 482 000	6 547 000	6 908 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 023 000	1 651 000	908 000	1 419 000
Other Income	0	0	33 000	13 000
Revenue	3 023 000	1 651 000	940 000	1 433 000
Cost of Goods Sold	303 000	88 000	32 000	4 000
Salary Costs	856 000	411 000	23 000	61 000
Depreciation	224 000	218 000	460 000	460 000
Impairment	0	0	0	0
Expenditure	2 222 000	1 180 000	1 247 000	1 186 000
Operating Profit	800 000	471 000	−306 000	246 000
Financial Income	8 000	9 000	0	2 000
Financial Costs	429 000	650 000	297 000	198 000
Financial Balance	−421 000	−641 000	−297 000	−196 000
Dividends	0	0	0	0
Net Income	378 000	−170 000	−603 000	51 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 400 000	2 400 000	2 400 000	2 400 000
Real Eastate	0	0	794 000	839 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	53 000	69 000	0	0
Total Tangible Assets	2 649 000	2 873 000	3 805 000	4 266 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	5 049 000	5 273 000	6 205 000	6 666 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	496 000	162 000	193 000	129 000
Total Current Assets	540 000	209 000	342 000	243 000
Total Assets	5 589 000	5 482 000	6 547 000	6 908 000
Total Equity	−863 000	−1 241 000	−1 071 000	−469 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 015 000	6 492 000	7 146 000	7 275 000
Creditors	101 000	71 000	463 000	18 000
Unpaid Taxes	254 000	147 000	0	14 000
Dividends	0	0	0	0
Other Current Debt	81 000	13 000	10 000	70 000
Total Current Debt	437 000	231 000	473 000	101 000
Total Equity and Debt	5 589 000	5 482 000	6 547 000	6 908 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−43,8 %	13,7 %	56,3 %	−10,87 %
Debt-to-Equity Ratio	−6,97	−5,23	−6,67	−15,51
Operating Profit Margin	26,46 %	28,53 %	−32,55 %	17,17 %
Current Ratio	1,24	0,9	0,72	2,41
Quick Ratio	1,24	0,9	0,72	2,41
Equity Ratio	−0,15	−0,23	−0,16	−0,07
Gross Profit Margin	89,98 %	94,67 %	96,6 %	99,72 %