SULT HVALSTRAND AS

0287 OSLO

Finances

Share Ownership

Return on Equity

16,05 %

Current Ratio

1,14

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2021	2020	2019
Revenue	4 260 000	4 008 000	3 256 000
Net Income	96 000	27 000	151 000
Total Assets	4 018 000	3 493 000	1 896 000
Total Equity	598 000	606 000	579 000

Income (NOK)	2021	2020	2019
Revenue	4 260 000	4 008 000	3 256 000
Expenditure	4 092 000	3 927 000	3 245 000
Operating Profit	167 000	81 000	166 000
Financial Income	0	0	0
Financial Costs	11 000	16 000	4 000
Financial Balance	−11 000	−16 000	−4 000
Earnings Before Tax	156 000	65 000	162 000
Tax	60 000	38 000	11 000
Net Income	96 000	27 000	151 000

Balance (NOK)	2021	2020	2019
Total Fixed Assets	164 000	180 000	213 000
Total Current Assets	3 854 000	3 313 000	1 682 000
Total Assets	4 018 000	3 493 000	1 896 000
Total Retained Equity	98 000	106 000	79 000
Total Equity	598 000	606 000	579 000
Total Long-Term Debt	31 000	26 000	0
Total Current Debt	3 389 000	2 862 000	1 317 000
Total Equity and Debt	4 018 000	3 493 000	1 896 000

Cash flow (NOK)	2021	2020	2019
Sales Income	4 239 000	3 948 000	2 518 000
Other Income	21 000	60 000	738 000
Revenue	4 260 000	4 008 000	3 256 000
Cost of Goods Sold	1 633 000	1 553 000	1 543 000
Salary Costs	1 681 000	1 303 000	1 088 000
Depreciation	20 000	20 000	0
Impairment	0	0	0
Expenditure	4 092 000	3 927 000	3 245 000
Operating Profit	167 000	81 000	166 000
Financial Income	0	0	0
Financial Costs	11 000	16 000	4 000
Financial Balance	−11 000	−16 000	−4 000
Dividends	0	0	0
Net Income	96 000	27 000	151 000

Balance details (NOK)	2021	2020	2019
Goodwill	0	0	0
Total Intangible Assets	0	0	9 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	164 000	184 000	205 000
Total Tangible Assets	164 000	184 000	205 000
Total Fiancial Fixed Assets	0	−4 000	0
Total Fixed Assets	164 000	180 000	213 000
Stock	150 000	150 000	150 000
Total Investments	0	0	0
Cash, Bank	123 000	129 000	75 000
Total Current Assets	3 854 000	3 313 000	1 682 000
Total Assets	4 018 000	3 493 000	1 896 000
Total Equity	598 000	606 000	579 000
Short-Term Group Debt	−102 000	0	85 000
Total Long-Term Debt	31 000	26 000	0
Creditors	949 000	1 014 000	284 000
Unpaid Taxes	926 000	488 000	40 000
Dividends	0	0	0
Other Current Debt	1 616 000	1 354 000	906 000
Total Current Debt	3 389 000	2 862 000	1 317 000
Total Equity and Debt	4 018 000	3 493 000	1 896 000

Financial indicators	2021	2020	2019
Return on Equity	16,05 %	4,46 %	26,08 %
Debt-to-Equity Ratio	0,05	0,04	0
Operating Profit Margin	3,92 %	2,02 %	5,1 %
Current Ratio	1,14	1,16	1,28
Quick Ratio	1,19	1,22	1,44
Equity Ratio	0,15	0,17	0,31
Gross Profit Margin	61,67 %	61,25 %	52,61 %