UGLAND AIR PROPERTY AS

4886 GRIMSTAD

Finances

Share Ownership

Return on Equity

30,28 %

Current Ratio

0,85

Debt-to-Equity Ratio

1,12

Key figures (NOK)	2022	2021	2020
Revenue	38 345 000	34 530 000	31 097 000
Net Income	10 890 000	8 358 000	6 742 000
Total Assets	91 388 000	99 781 000	93 989 000
Total Equity	35 964 000	34 290 000	25 932 000

Income (NOK)	2022	2021	2020
Revenue	38 345 000	34 530 000	31 097 000
Expenditure	22 707 000	22 670 000	20 825 000
Operating Profit	15 639 000	11 860 000	10 271 000
Financial Income	26 000	0	0
Financial Costs	1 706 000	1 146 000	1 628 000
Financial Balance	−1 680 000	−1 146 000	−1 628 000
Earnings Before Tax	13 960 000	10 715 000	8 643 000
Tax	3 070 000	2 357 000	1 901 000
Net Income	10 890 000	8 358 000	6 742 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	78 595 000	72 753 000	75 405 000
Total Current Assets	12 793 000	27 028 000	18 585 000
Total Assets	91 388 000	99 781 000	93 989 000
Total Retained Equity	10 032 000	8 358 000	0
Total Equity	35 964 000	34 290 000	25 932 000
Total Long-Term Debt	40 356 000	47 376 000	0
Total Current Debt	15 068 000	18 115 000	68 057 000
Total Equity and Debt	91 388 000	99 781 000	93 989 000

Cash flow (NOK)	2022	2021	2020
Sales Income	187 000	0	31 097 000
Other Income	38 158 000	34 530 000	0
Revenue	38 345 000	34 530 000	31 097 000
Cost of Goods Sold	0	0	0
Salary Costs	706 000	0	0
Depreciation	7 335 000	6 993 000	6 967 000
Impairment	0	0	0
Expenditure	22 707 000	22 670 000	20 825 000
Operating Profit	15 639 000	11 860 000	10 271 000
Financial Income	26 000	0	0
Financial Costs	1 706 000	1 146 000	1 628 000
Financial Balance	−1 680 000	−1 146 000	−1 628 000
Dividends	0	0	0
Net Income	10 890 000	8 358 000	6 742 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	4 864 000	4 475 000	4 654 000
Real Eastate	73 731 000	68 278 000	70 751 000
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	73 731 000	68 278 000	70 751 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	78 595 000	72 753 000	75 405 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	11 404 000	14 126 000	15 788 000
Total Current Assets	12 793 000	27 028 000	18 585 000
Total Assets	91 388 000	99 781 000	93 989 000
Total Equity	35 964 000	34 290 000	25 932 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	40 356 000	47 376 000	0
Creditors	1 722 000	11 726 000	3 012 000
Unpaid Taxes	87 000	162 000	1 013 000
Dividends	0	0	0
Other Current Debt	12 399 000	4 050 000	9 161 000
Total Current Debt	15 068 000	18 115 000	68 057 000
Total Equity and Debt	91 388 000	99 781 000	93 989 000

Financial indicators	2022	2021	2020
Return on Equity	30,28 %	24,37 %	26 %
Debt-to-Equity Ratio	1,12	1,38	0
Operating Profit Margin	40,78 %	34,35 %	33,03 %
Current Ratio	0,85	1,49	0,27
Quick Ratio	0,85	1,49	0,27
Equity Ratio	0,39	0,34	0,28
Gross Profit Margin	100 %	100 %	100 %