KULELAGER AS

6416 MOLDE

Finances

Share Ownership

Return on Equity

17,42 %

Current Ratio

7,47

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 295 000	4 223 000	4 152 000	3 437 000
Net Income	799 000	333 000	570 000	450 000
Total Assets	5 291 000	4 182 000	4 465 000	3 670 000
Total Equity	4 587 000	3 788 000	3 455 000	2 985 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 295 000	4 223 000	4 152 000	3 437 000
Expenditure	4 259 000	3 792 000	3 428 000	2 855 000
Operating Profit	1 037 000	430 000	725 000	582 000
Financial Income	47 000	16 000	28 000	8 000
Financial Costs	59 000	19 000	22 000	14 000
Financial Balance	−12 000	−3 000	6 000	−6 000
Earnings Before Tax	1 024 000	427 000	731 000	577 000
Tax	225 000	94 000	161 000	127 000
Net Income	799 000	333 000	570 000	450 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	34 000	21 000	30 000	38 000
Total Current Assets	5 258 000	4 161 000	4 435 000	3 632 000
Total Assets	5 291 000	4 182 000	4 465 000	3 670 000
Total Retained Equity	4 487 000	3 688 000	3 355 000	2 885 000
Total Equity	4 587 000	3 788 000	3 455 000	2 985 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	704 000	394 000	1 009 000	685 000
Total Equity and Debt	5 291 000	4 182 000	4 465 000	3 670 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 115 000	4 043 000	3 972 000	3 257 000
Other Income	180 000	180 000	180 000	180 000
Revenue	5 295 000	4 223 000	4 152 000	3 437 000
Cost of Goods Sold	2 228 000	1 976 000	1 907 000	1 564 000
Salary Costs	970 000	904 000	624 000	523 000
Depreciation	7 000	6 000	9 000	8 000
Impairment	0	0	0	0
Expenditure	4 259 000	3 792 000	3 428 000	2 855 000
Operating Profit	1 037 000	430 000	725 000	582 000
Financial Income	47 000	16 000	28 000	8 000
Financial Costs	59 000	19 000	22 000	14 000
Financial Balance	−12 000	−3 000	6 000	−6 000
Dividends	0	0	100 000	200 000
Net Income	799 000	333 000	570 000	450 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	4 000	3 000	5 000	5 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	30 000	18 000	25 000	33 000
Total Tangible Assets	30 000	18 000	25 000	33 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	34 000	21 000	30 000	38 000
Stock	1 290 000	1 088 000	1 190 000	1 044 000
Total Investments	0	0	0	0
Cash, Bank	3 671 000	2 881 000	2 981 000	2 402 000
Total Current Assets	5 258 000	4 161 000	4 435 000	3 632 000
Total Assets	5 291 000	4 182 000	4 465 000	3 670 000
Total Equity	4 587 000	3 788 000	3 455 000	2 985 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	247 000	68 000	160 000	217 000
Unpaid Taxes	105 000	125 000	142 000	77 000
Dividends	0	0	100 000	200 000
Other Current Debt	126 000	108 000	447 000	64 000
Total Current Debt	704 000	394 000	1 009 000	685 000
Total Equity and Debt	5 291 000	4 182 000	4 465 000	3 670 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,42 %	8,79 %	16,5 %	15,08 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	19,58 %	10,18 %	17,46 %	16,93 %
Current Ratio	7,47	10,56	4,4	5,3
Quick Ratio	−8,97	−6	−24,5	−10,12
Equity Ratio	0,87	0,91	0,77	0,81
Gross Profit Margin	57,92 %	53,21 %	54,07 %	54,5 %