ULSET AS

2055 NORDKISA

Finances

Share Ownership

Return on Equity

1,19 %

Current Ratio

2,03

Debt-to-Equity Ratio

0,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 139 000	3 291 000	2 931 000	5 066 000
Net Income	27 000	−243 000	−41 000	−492 000
Total Assets	4 854 000	4 953 000	4 654 000	4 535 000
Total Equity	2 263 000	2 236 000	2 479 000	2 520 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 139 000	3 291 000	2 931 000	5 066 000
Expenditure	4 136 000	3 484 000	2 806 000	5 474 000
Operating Profit	105 000	−256 000	−261 000	−409 000
Financial Income	6 000	3 000	0	1 000
Financial Costs	76 000	59 000	21 000	83 000
Financial Balance	−70 000	−56 000	−21 000	−82 000
Earnings Before Tax	35 000	−312 000	−282 000	−492 000
Tax	8 000	−69 000	−241 000	0
Net Income	27 000	−243 000	−41 000	−492 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 087 000	1 283 000	808 000	256 000
Total Current Assets	3 766 000	3 670 000	3 845 000	4 279 000
Total Assets	4 854 000	4 953 000	4 654 000	4 535 000
Total Retained Equity	−737 000	−764 000	−521 000	−480 000
Total Equity	2 263 000	2 236 000	2 479 000	2 520 000
Total Long-Term Debt	736 000	824 000	339 000	0
Total Current Debt	1 855 000	1 894 000	1 836 000	2 016 000
Total Equity and Debt	4 854 000	4 953 000	4 654 000	4 535 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 845 000	3 291 000	2 760 000	4 962 000
Other Income	294 000	0	171 000	104 000
Revenue	4 139 000	3 291 000	2 931 000	5 066 000
Cost of Goods Sold	1 493 000	1 257 000	673 000	2 543 000
Salary Costs	603 000	403 000	210 000	517 000
Depreciation	202 000	206 000	55 000	5 000
Impairment	0	0	0	0
Expenditure	4 136 000	3 484 000	2 806 000	5 474 000
Operating Profit	105 000	−256 000	−261 000	−409 000
Financial Income	6 000	3 000	0	1 000
Financial Costs	76 000	59 000	21 000	83 000
Financial Balance	−70 000	−56 000	−21 000	−82 000
Dividends	0	0	0	0
Net Income	27 000	−243 000	−41 000	−492 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	302 000	310 000	241 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	641 000	850 000	467 000	122 000
Total Tangible Assets	641 000	850 000	467 000	122 000
Total Fiancial Fixed Assets	144 000	124 000	100 000	133 000
Total Fixed Assets	1 087 000	1 283 000	808 000	256 000
Stock	3 464 000	3 362 000	3 424 000	3 810 000
Total Investments	0	0	0	0
Cash, Bank	27 000	32 000	50 000	57 000
Total Current Assets	3 766 000	3 670 000	3 845 000	4 279 000
Total Assets	4 854 000	4 953 000	4 654 000	4 535 000
Total Equity	2 263 000	2 236 000	2 479 000	2 520 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	736 000	824 000	339 000	0
Creditors	1 064 000	818 000	576 000	903 000
Unpaid Taxes	266 000	380 000	308 000	246 000
Dividends	0	0	0	0
Other Current Debt	525 000	696 000	952 000	867 000
Total Current Debt	1 855 000	1 894 000	1 836 000	2 016 000
Total Equity and Debt	4 854 000	4 953 000	4 654 000	4 535 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,19 %	−10,87 %	−1,65 %	−19,52 %
Debt-to-Equity Ratio	0,33	0,37	0,14	0
Operating Profit Margin	2,54 %	−7,78 %	−8,9 %	−8,07 %
Current Ratio	2,03	1,94	2,09	2,12
Quick Ratio	−2,34	−2,5	−2,42	−2,39
Equity Ratio	0,47	0,45	0,53	0,56
Gross Profit Margin	63,93 %	61,8 %	77,04 %	49,8 %