UNITED NORWEGIAN OILS AS

1914 YTRE ENEBAKK

Finances

Share Ownership

Return on Equity

53,65 %

Current Ratio

0,45

Debt-to-Equity Ratio

−0,94

Key figures (NOK)	2022	2021	2020
Revenue	988 000	422 000	157 000
Net Income	−345 000	−55 000	−328 000
Total Assets	233 000	248 000	160 000
Total Equity	−643 000	−408 000	−298 000

Income (NOK)	2022	2021	2020
Revenue	988 000	422 000	157 000
Expenditure	1 333 000	594 000	597 000
Operating Profit	−345 000	−232 000	−439 000
Financial Income	0	1 000	24 000
Financial Costs	1 000	2 000	5 000
Financial Balance	−1 000	−1 000	19 000
Earnings Before Tax	−345 000	−233 000	−420 000
Tax	0	−179 000	−92 000
Net Income	−345 000	−55 000	−328 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	109 000	179 000	92 000
Total Current Assets	124 000	70 000	67 000
Total Assets	233 000	248 000	160 000
Total Retained Equity	−673 000	−438 000	−328 000
Total Equity	−643 000	−408 000	−298 000
Total Long-Term Debt	602 000	0	−17 000
Total Current Debt	274 000	656 000	474 000
Total Equity and Debt	233 000	248 000	160 000

Cash flow (NOK)	2022	2021	2020
Sales Income	988 000	420 000	157 000
Other Income	0	3 000	0
Revenue	988 000	422 000	157 000
Cost of Goods Sold	621 000	329 000	517 000
Salary Costs	75 000	0	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	1 333 000	594 000	597 000
Operating Profit	−345 000	−232 000	−439 000
Financial Income	0	1 000	24 000
Financial Costs	1 000	2 000	5 000
Financial Balance	−1 000	−1 000	19 000
Dividends	0	0	0
Net Income	−345 000	−55 000	−328 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	92 000	179 000	92 000
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	17 000	0	0
Total Fixed Assets	109 000	179 000	92 000
Stock	−15 000	0	0
Total Investments	0	0	0
Cash, Bank	85 000	2 000	39 000
Total Current Assets	124 000	70 000	67 000
Total Assets	233 000	248 000	160 000
Total Equity	−643 000	−408 000	−298 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	602 000	0	−17 000
Creditors	250 000	17 000	18 000
Unpaid Taxes	10 000	−4 000	7 000
Dividends	0	0	0
Other Current Debt	14 000	643 000	449 000
Total Current Debt	274 000	656 000	474 000
Total Equity and Debt	233 000	248 000	160 000

Financial indicators	2022	2021	2020
Return on Equity	53,65 %	13,48 %	110,07 %
Debt-to-Equity Ratio	−0,94	−0	0,06
Operating Profit Margin	−34,92 %	−54,98 %	−279,62 %
Current Ratio	0,45	0,11	0,14
Quick Ratio	0,43	0,11	0,14
Equity Ratio	−2,76	−1,65	−1,86
Gross Profit Margin	37,15 %	22,04 %	−229,3 %