ULTIMATE NORDIC BIKES AS

1081 OSLO

Finances

Share Ownership

Return on Equity

62,65 %

Current Ratio

1,25

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	157 241 000	133 618 000	80 655 000	51 067 000
Net Income	12 789 000	12 092 000	9 593 000	3 437 000
Total Assets	96 272 000	60 158 000	45 587 000	25 804 000
Total Equity	20 415 000	12 626 000	10 534 000	941 000

Income (NOK)	2022	2021	2020	2019
Revenue	157 241 000	133 618 000	80 655 000	51 067 000
Expenditure	140 122 000	116 613 000	67 424 000	46 578 000
Operating Profit	17 119 000	17 006 000	13 230 000	4 489 000
Financial Income	2 355 000	1 150 000	3 409 000	638 000
Financial Costs	3 075 000	2 653 000	4 340 000	715 000
Financial Balance	−720 000	−1 503 000	−931 000	−77 000
Earnings Before Tax	16 399 000	15 503 000	12 299 000	4 413 000
Tax	3 610 000	3 411 000	2 706 000	976 000
Net Income	12 789 000	12 092 000	9 593 000	3 437 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 776 000	1 315 000	1 684 000	1 869 000
Total Current Assets	94 496 000	58 843 000	43 902 000	23 935 000
Total Assets	96 272 000	60 158 000	45 587 000	25 804 000
Total Retained Equity	19 474 000	11 685 000	9 593 000	0
Total Equity	20 415 000	12 626 000	10 534 000	941 000
Total Long-Term Debt	0	1 180 000	2 740 000	6 614 000
Total Current Debt	75 857 000	46 352 000	32 313 000	18 249 000
Total Equity and Debt	96 272 000	60 158 000	45 587 000	25 804 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	157 058 000	133 371 000	80 655 000	51 067 000
Other Income	184 000	247 000	0	0
Revenue	157 241 000	133 618 000	80 655 000	51 067 000
Cost of Goods Sold	117 877 000	98 474 000	58 931 000	37 711 000
Salary Costs	7 915 000	6 592 000	2 989 000	3 294 000
Depreciation	843 000	693 000	575 000	564 000
Impairment	0	0	0	0
Expenditure	140 122 000	116 613 000	67 424 000	46 578 000
Operating Profit	17 119 000	17 006 000	13 230 000	4 489 000
Financial Income	2 355 000	1 150 000	3 409 000	638 000
Financial Costs	3 075 000	2 653 000	4 340 000	715 000
Financial Balance	−720 000	−1 503 000	−931 000	−77 000
Dividends	5 000 000	10 000 000	0	0
Net Income	12 789 000	12 092 000	9 593 000	3 437 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	2 000	656 000	1 312 000	1 688 000
Total Intangible Assets	853 000	1 303 000	1 660 000	1 832 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	923 000	12 000	24 000	37 000
Total Tangible Assets	923 000	12 000	24 000	37 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 776 000	1 315 000	1 684 000	1 869 000
Stock	84 537 000	55 893 000	37 749 000	20 890 000
Total Investments	449 000	0	0	0
Cash, Bank	347 000	346 000	123 000	127 000
Total Current Assets	94 496 000	58 843 000	43 902 000	23 935 000
Total Assets	96 272 000	60 158 000	45 587 000	25 804 000
Total Equity	20 415 000	12 626 000	10 534 000	941 000
Short-Term Group Debt	57 672 000	15 079 000	24 383 000	1 417 000
Total Long-Term Debt	0	1 180 000	2 740 000	6 614 000
Creditors	6 867 000	14 608 000	3 008 000	11 327 000
Unpaid Taxes	796 000	532 000	194 000	311 000
Dividends	5 000 000	10 000 000	0	0
Other Current Debt	1 660 000	2 548 000	1 817 000	5 066 000
Total Current Debt	75 857 000	46 352 000	32 313 000	18 249 000
Total Equity and Debt	96 272 000	60 158 000	45 587 000	25 804 000

Financial indicators	2022	2021	2020	2019
Return on Equity	62,65 %	95,77 %	91,07 %	365,25 %
Debt-to-Equity Ratio	0	0,09	0,26	7,03
Operating Profit Margin	10,89 %	12,73 %	16,4 %	8,79 %
Current Ratio	1,25	1,27	1,36	1,31
Quick Ratio	−10,89	−6,17	−8,08	−9,06
Equity Ratio	0,21	0,21	0,23	0,04
Gross Profit Margin	25,03 %	26,3 %	26,93 %	26,15 %