ULVING KUNSTHANDEL AS

3110 TØNSBERG

Finances

Share Ownership

Return on Equity

29,27 %

Current Ratio

2,91

Debt-to-Equity Ratio

1,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 370 000	3 109 000	3 901 000	901 000
Net Income	1 166 000	586 000	356 000	−631 000
Total Assets	12 057 000	9 662 000	9 104 000	7 837 000
Total Equity	3 983 000	2 817 000	2 231 000	1 875 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 370 000	3 109 000	3 901 000	901 000
Expenditure	4 837 000	2 147 000	3 382 000	1 354 000
Operating Profit	1 534 000	963 000	519 000	−452 000
Financial Income	6 000	1 000	0	1 000
Financial Costs	373 000	377 000	163 000	180 000
Financial Balance	−367 000	−376 000	−163 000	−179 000
Earnings Before Tax	1 166 000	586 000	356 000	−631 000
Tax	0	0	0	0
Net Income	1 166 000	586 000	356 000	−631 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	305 000	225 000	231 000	237 000
Total Current Assets	11 753 000	9 437 000	8 874 000	7 599 000
Total Assets	12 057 000	9 662 000	9 104 000	7 837 000
Total Retained Equity	3 633 000	2 467 000	1 881 000	1 525 000
Total Equity	3 983 000	2 817 000	2 231 000	1 875 000
Total Long-Term Debt	4 031 000	4 116 000	4 141 000	2 873 000
Total Current Debt	4 044 000	2 728 000	2 732 000	3 089 000
Total Equity and Debt	12 057 000	9 662 000	9 104 000	7 837 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 342 000	2 947 000	3 814 000	901 000
Other Income	28 000	162 000	88 000	0
Revenue	6 370 000	3 109 000	3 901 000	901 000
Cost of Goods Sold	4 469 000	1 697 000	3 032 000	789 000
Salary Costs	4 000	2 000	57 000	229 000
Depreciation	14 000	6 000	7 000	11 000
Impairment	0	0	0	0
Expenditure	4 837 000	2 147 000	3 382 000	1 354 000
Operating Profit	1 534 000	963 000	519 000	−452 000
Financial Income	6 000	1 000	0	1 000
Financial Costs	373 000	377 000	163 000	180 000
Financial Balance	−367 000	−376 000	−163 000	−179 000
Dividends	0	0	0	0
Net Income	1 166 000	586 000	356 000	−631 000

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	305 000	225 000	231 000	237 000
Total Tangible Assets	305 000	225 000	231 000	237 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	305 000	225 000	231 000	237 000
Stock	9 574 000	6 939 000	6 051 000	5 842 000
Total Investments	0	0	0	0
Cash, Bank	115 000	588 000	1 152 000	68 000
Total Current Assets	11 753 000	9 437 000	8 874 000	7 599 000
Total Assets	12 057 000	9 662 000	9 104 000	7 837 000
Total Equity	3 983 000	2 817 000	2 231 000	1 875 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 031 000	4 116 000	4 141 000	2 873 000
Creditors	46 000	73 000	164 000	110 000
Unpaid Taxes	113 000	29 000	2 000	21 000
Dividends	0	0	0	0
Other Current Debt	3 884 000	2 626 000	2 566 000	2 958 000
Total Current Debt	4 044 000	2 728 000	2 732 000	3 089 000
Total Equity and Debt	12 057 000	9 662 000	9 104 000	7 837 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,27 %	20,8 %	15,96 %	−33,65 %
Debt-to-Equity Ratio	1,01	1,46	1,86	1,53
Operating Profit Margin	24,08 %	30,97 %	13,3 %	−50,17 %
Current Ratio	2,91	3,46	3,25	2,46
Quick Ratio	−2,13	−2,24	−2,67	−2,76
Equity Ratio	0,33	0,29	0,25	0,24
Gross Profit Margin	29,84 %	45,42 %	22,28 %	12,43 %