ULSTEIN KULEN AS

6065 ULSTEINVIK

Finances

Return on Equity

4,72 %

Current Ratio

10,65

Debt-to-Equity Ratio

0,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 294 000	1 115 000	1 401 000	528 000
Net Income	353 000	526 000	831 000	261 000
Total Assets	8 752 000	9 427 000	9 232 000	8 575 000
Total Equity	7 472 000	7 988 000	7 462 000	6 834 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 294 000	1 115 000	1 401 000	528 000
Expenditure	451 000	398 000	400 000	270 000
Operating Profit	843 000	718 000	1 000 000	257 000
Financial Income	148 000	35 000	3 000	87 000
Financial Costs	477 000	74 000	63 000	83 000
Financial Balance	−329 000	−39 000	−60 000	4 000
Earnings Before Tax	514 000	679 000	940 000	261 000
Tax	161 000	154 000	109 000	0
Net Income	353 000	526 000	831 000	261 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 567 000	8 379 000	8 403 000	8 003 000
Total Current Assets	3 185 000	1 047 000	829 000	572 000
Total Assets	8 752 000	9 427 000	9 232 000	8 575 000
Total Retained Equity	3 818 000	4 029 000	3 503 000	2 875 000
Total Equity	7 472 000	7 988 000	7 462 000	6 834 000
Total Long-Term Debt	981 000	1 184 000	1 388 000	1 550 000
Total Current Debt	299 000	255 000	381 000	190 000
Total Equity and Debt	8 752 000	9 427 000	9 232 000	8 575 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 294 000	1 115 000	1 401 000	528 000
Other Income	0	0	0	0
Revenue	1 294 000	1 115 000	1 401 000	528 000
Cost of Goods Sold	0	0	0	0
Salary Costs	128 000	104 000	119 000	106 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	451 000	398 000	400 000	270 000
Operating Profit	843 000	718 000	1 000 000	257 000
Financial Income	148 000	35 000	3 000	87 000
Financial Costs	477 000	74 000	63 000	83 000
Financial Balance	−329 000	−39 000	−60 000	4 000
Dividends	203 000	0	203 000	80 000
Net Income	353 000	526 000	831 000	261 000

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	0	0	0	0
Fixtures	72 000	72 000	72 000	72 000
Total Tangible Assets	72 000	72 000	72 000	72 000
Total Fiancial Fixed Assets	5 495 000	8 307 000	8 331 000	7 931 000
Total Fixed Assets	5 567 000	8 379 000	8 403 000	8 003 000
Stock	0	0	0	0
Total Investments	1 055 000	555 000	0	0
Cash, Bank	1 910 000	78 000	624 000	341 000
Total Current Assets	3 185 000	1 047 000	829 000	572 000
Total Assets	8 752 000	9 427 000	9 232 000	8 575 000
Total Equity	7 472 000	7 988 000	7 462 000	6 834 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	981 000	1 184 000	1 388 000	1 550 000
Creditors	7 000	6 000	5 000	9 000
Unpaid Taxes	115 000	81 000	74 000	167 000
Dividends	203 000	0	203 000	80 000
Other Current Debt	13 000	9 000	12 000	15 000
Total Current Debt	299 000	255 000	381 000	190 000
Total Equity and Debt	8 752 000	9 427 000	9 232 000	8 575 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,72 %	6,58 %	11,14 %	3,82 %
Debt-to-Equity Ratio	0,13	0,15	0,19	0,23
Operating Profit Margin	65,15 %	64,39 %	71,38 %	48,67 %
Current Ratio	10,65	4,11	2,18	3,01
Quick Ratio	10,65	4,11	2,18	3,01
Equity Ratio	0,85	0,85	0,81	0,8
Gross Profit Margin	100 %	100 %	100 %	100 %