ULTIMAL AS

4031 STAVANGER

Finances

Share Ownership

Return on Equity

120 %

Current Ratio

1,03

Debt-to-Equity Ratio

7,87

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 219 000	4 583 000	3 500 000	1 407 000
Net Income	66 000	87 000	44 000	56 000
Total Assets	1 581 000	1 144 000	1 081 000	434 000
Total Equity	55 000	38 000	80 000	31 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 219 000	4 583 000	3 500 000	1 407 000
Expenditure	6 112 000	4 473 000	3 438 000	1 327 000
Operating Profit	107 000	111 000	62 000	80 000
Financial Income	0	0	0	0
Financial Costs	21 000	14 000	6 000	8 000
Financial Balance	−21 000	−14 000	−6 000	−8 000
Earnings Before Tax	86 000	97 000	56 000	72 000
Tax	19 000	10 000	13 000	16 000
Net Income	66 000	87 000	44 000	56 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	455 000	290 000	305 000	125 000
Total Current Assets	1 126 000	854 000	776 000	309 000
Total Assets	1 581 000	1 144 000	1 081 000	434 000
Total Retained Equity	25 000	8 000	50 000	6 000
Total Equity	55 000	38 000	80 000	31 000
Total Long-Term Debt	433 000	296 000	242 000	8 000
Total Current Debt	1 094 000	810 000	759 000	396 000
Total Equity and Debt	1 581 000	1 144 000	1 081 000	434 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 116 000	4 604 000	3 500 000	1 407 000
Other Income	103 000	−21 000	0	0
Revenue	6 219 000	4 583 000	3 500 000	1 407 000
Cost of Goods Sold	943 000	829 000	387 000	158 000
Salary Costs	3 360 000	2 436 000	2 240 000	809 000
Depreciation	113 000	83 000	62 000	20 000
Impairment	0	0	0	0
Expenditure	6 112 000	4 473 000	3 438 000	1 327 000
Operating Profit	107 000	111 000	62 000	80 000
Financial Income	0	0	0	0
Financial Costs	21 000	14 000	6 000	8 000
Financial Balance	−21 000	−14 000	−6 000	−8 000
Dividends	50 000	70 000	0	50 000
Net Income	66 000	87 000	44 000	56 000

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	455 000	290 000	305 000	125 000
Fixtures	0	0	0	0
Total Tangible Assets	455 000	290 000	305 000	125 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	455 000	290 000	305 000	125 000
Stock	10 000	10 000	0	0
Total Investments	0	0	0	0
Cash, Bank	465 000	348 000	376 000	103 000
Total Current Assets	1 126 000	854 000	776 000	309 000
Total Assets	1 581 000	1 144 000	1 081 000	434 000
Total Equity	55 000	38 000	80 000	31 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	433 000	296 000	242 000	8 000
Creditors	174 000	149 000	144 000	94 000
Unpaid Taxes	471 000	320 000	418 000	88 000
Dividends	50 000	70 000	0	50 000
Other Current Debt	435 000	321 000	197 000	151 000
Total Current Debt	1 094 000	810 000	759 000	396 000
Total Equity and Debt	1 581 000	1 144 000	1 081 000	434 000

Financial indicators	2022	2021	2020	2019
Return on Equity	120 %	228,95 %	55 %	180,65 %
Debt-to-Equity Ratio	7,87	7,79	3,03	0,26
Operating Profit Margin	1,72 %	2,42 %	1,77 %	5,69 %
Current Ratio	1,03	1,05	1,02	0,78
Quick Ratio	1,04	1,07	1,02	0,78
Equity Ratio	0,03	0,03	0,07	0,07
Gross Profit Margin	84,84 %	81,91 %	88,94 %	88,77 %