DOWN UNDER AS

3830 ULEFOSS

Finances

Return on Equity

6,88 %

Current Ratio

2,38

Debt-to-Equity Ratio

0,37

Key figures (NOK)	2022	2021	2020
Revenue	908 570 000	0	143 000
Net Income	37 650 000	−179 000	−75 000
Total Assets	924 747 000	423 663 000	75 000
Total Equity	547 305 000	385 679 000	25 000

Income (NOK)	2022	2021	2020
Revenue	908 570 000	0	143 000
Expenditure	889 526 000	131 000	202 000
Operating Profit	17 319 000	−130 000	−59 000
Financial Income	45 551 000	0	3 000
Financial Costs	21 223 000	48 000	19 000
Financial Balance	24 328 000	−48 000	−16 000
Earnings Before Tax	41 647 000	−179 000	−75 000
Tax	3 997 000	0	0
Net Income	37 650 000	−179 000	−75 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	503 167 000	423 578 000	0
Total Current Assets	421 580 000	85 000	75 000
Total Assets	924 747 000	423 663 000	75 000
Total Retained Equity	335 997 000	385 579 000	−75 000
Total Equity	547 305 000	385 679 000	25 000
Total Long-Term Debt	200 321 000	37 746 000	0
Total Current Debt	177 120 000	238 000	50 000
Total Equity and Debt	924 746 000	423 663 000	75 000

Cash flow (NOK)	2022	2021	2020
Sales Income	905 184 000	0	143 000
Other Income	3 386 000	0	0
Revenue	908 570 000	0	143 000
Cost of Goods Sold	353 524 000	−16 000	141 000
Salary Costs	267 307 000	0	0
Depreciation	31 679 000	0	0
Impairment	0	0	0
Expenditure	889 526 000	131 000	202 000
Operating Profit	17 319 000	−130 000	−59 000
Financial Income	45 551 000	0	3 000
Financial Costs	21 223 000	48 000	19 000
Financial Balance	24 328 000	−48 000	−16 000
Dividends	0	0	0
Net Income	37 650 000	−179 000	−75 000

Balance details (NOK)	2022	2021	2020
Goodwill	12 214 000	0	0
Total Intangible Assets	22 034 000	0	0
Real Eastate	111 164 000	0	0
Machinery and Plant Facilities	66 160 000	0	0
Fixtures	0	0	0
Total Tangible Assets	177 324 000	0	0
Total Fiancial Fixed Assets	303 809 000	423 578 000	0
Total Fixed Assets	503 167 000	423 578 000	0
Stock	217 138 000	29 000	0
Total Investments	4 876 000	0	0
Cash, Bank	45 323 000	56 000	75 000
Total Current Assets	421 580 000	85 000	75 000
Total Assets	924 747 000	423 663 000	75 000
Total Equity	547 305 000	385 679 000	25 000
Short-Term Group Debt	−6 570 000	0	0
Total Long-Term Debt	200 321 000	37 746 000	0
Creditors	76 623 000	0	0
Unpaid Taxes	23 121 000	0	0
Dividends	0	0	0
Other Current Debt	74 964 000	238 000	50 000
Total Current Debt	177 120 000	238 000	50 000
Total Equity and Debt	924 746 000	423 663 000	75 000

Financial indicators	2022	2021	2020
Return on Equity	6,88 %	−0,05 %	−300 %
Debt-to-Equity Ratio	0,37	0,1	0
Operating Profit Margin	1,91 %	-	−41,26 %
Current Ratio	2,38	0,36	1,5
Quick Ratio	−10,53	0,41	1,5
Equity Ratio	0,59	0,91	0,33
Gross Profit Margin	61,09 %	-	1,4 %