UDECO UNDERWATER DESIGN & EQUIPMENT COMPANY AS

4072 RANDABERG

Finances

Share Ownership

Return on Equity

187,49 %

Current Ratio

1,11

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 562 000	4 930 000	12 486 000	8 002 000
Net Income	1 918 000	834 000	3 893 000	2 004 000
Total Assets	6 787 000	4 869 000	10 006 000	6 392 000
Total Equity	1 023 000	1 005 000	1 002 000	110 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 562 000	4 930 000	12 486 000	8 002 000
Expenditure	6 113 000	3 875 000	7 535 000	5 473 000
Operating Profit	2 450 000	1 054 000	4 952 000	2 529 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	1 000
Earnings Before Tax	2 450 000	1 054 000	4 952 000	2 529 000
Tax	532 000	220 000	1 059 000	525 000
Net Income	1 918 000	834 000	3 893 000	2 004 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	402 000	457 000	535 000	401 000
Total Current Assets	6 385 000	4 412 000	9 471 000	5 992 000
Total Assets	6 787 000	4 869 000	10 006 000	6 392 000
Total Retained Equity	923 000	905 000	902 000	10 000
Total Equity	1 023 000	1 005 000	1 002 000	110 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	5 764 000	3 863 000	9 004 000	6 283 000
Total Equity and Debt	6 787 000	4 869 000	10 006 000	6 392 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 562 000	4 930 000	12 486 000	7 999 000
Other Income	0	0	0	2 000
Revenue	8 562 000	4 930 000	12 486 000	8 002 000
Cost of Goods Sold	1 155 000	158 000	1 106 000	994 000
Salary Costs	3 633 000	2 456 000	5 212 000	3 301 000
Depreciation	84 000	78 000	51 000	73 000
Impairment	0	0	0	0
Expenditure	6 113 000	3 875 000	7 535 000	5 473 000
Operating Profit	2 450 000	1 054 000	4 952 000	2 529 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	0	0
Financial Balance	0	0	0	1 000
Dividends	0	0	0	1 950 000
Net Income	1 918 000	834 000	3 893 000	2 004 000

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	102 000	139 000	176 000	0
Fixtures	300 000	318 000	359 000	401 000
Total Tangible Assets	402 000	457 000	535 000	401 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	402 000	457 000	535 000	401 000
Stock	1 425 000	1 520 000	1 039 000	865 000
Total Investments	0	0	0	0
Cash, Bank	974 000	2 404 000	6 411 000	2 824 000
Total Current Assets	6 385 000	4 412 000	9 471 000	5 992 000
Total Assets	6 787 000	4 869 000	10 006 000	6 392 000
Total Equity	1 023 000	1 005 000	1 002 000	110 000
Short-Term Group Debt	3 681 000	2 781 000	4 950 000	1 921 000
Total Long-Term Debt	0	0	0	0
Creditors	103 000	41 000	175 000	179 000
Unpaid Taxes	1 167 000	611 000	2 563 000	1 514 000
Dividends	0	0	0	1 950 000
Other Current Debt	282 000	211 000	257 000	193 000
Total Current Debt	5 764 000	3 863 000	9 004 000	6 283 000
Total Equity and Debt	6 787 000	4 869 000	10 006 000	6 392 000

Financial indicators	2022	2021	2020	2019
Return on Equity	187,49 %	82,99 %	388,52 %	1 821,82 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	28,61 %	21,38 %	39,66 %	31,6 %
Current Ratio	1,11	1,14	1,05	0,95
Quick Ratio	1,47	1,88	1,19	1,11
Equity Ratio	0,15	0,21	0,1	0,02
Gross Profit Margin	86,51 %	96,8 %	91,14 %	87,58 %