ULSTEIN SHIPPING AS

6065 ULSTEINVIK

Finances

Return on Equity

−254,39 %

Current Ratio

21,86

Debt-to-Equity Ratio

141,15

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 502 000	1 502 000	1 502 000	1 502 000
Net Income	−2 175 000	−1 533 000	−2 832 000	−3 537 000
Total Assets	122 026 000	121 030 000	122 521 000	125 511 000
Total Equity	855 000	44 649 000	46 181 000	49 013 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 502 000	1 502 000	1 502 000	1 502 000
Expenditure	425 000	1 067 000	2 642 000	2 886 000
Operating Profit	1 077 000	434 000	−1 141 000	−1 384 000
Financial Income	693 000	873 000	911 000	1 085 000
Financial Costs	4 558 000	3 272 000	3 400 000	4 236 000
Financial Balance	−3 865 000	−2 399 000	−2 489 000	−3 151 000
Earnings Before Tax	−2 788 000	−1 965 000	−3 630 000	−4 535 000
Tax	−613 000	−432 000	−799 000	−998 000
Net Income	−2 175 000	−1 533 000	−2 832 000	−3 537 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	111 293 000	110 679 000	110 931 000	110 942 000
Total Current Assets	10 733 000	10 350 000	11 590 000	14 569 000
Total Assets	122 026 000	121 030 000	122 521 000	125 511 000
Total Retained Equity	825 000	−55 351 000	−53 819 000	−50 987 000
Total Equity	855 000	44 649 000	46 181 000	49 013 000
Total Long-Term Debt	120 681 000	76 062 000	76 062 000	76 062 000
Total Current Debt	491 000	319 000	278 000	436 000
Total Equity and Debt	122 026 000	121 030 000	122 521 000	125 511 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 502 000	1 502 000	1 502 000	1 502 000
Revenue	1 502 000	1 502 000	1 502 000	1 502 000
Cost of Goods Sold	0	0	0	0
Salary Costs	11 000	11 000	0	31 000
Depreciation	0	684 000	809 000	809 000
Impairment	0	0	0	0
Expenditure	425 000	1 067 000	2 642 000	2 886 000
Operating Profit	1 077 000	434 000	−1 141 000	−1 384 000
Financial Income	693 000	873 000	911 000	1 085 000
Financial Costs	4 558 000	3 272 000	3 400 000	4 236 000
Financial Balance	−3 865 000	−2 399 000	−2 489 000	−3 151 000
Dividends	0	0	0	0
Net Income	−2 175 000	−1 533 000	−2 832 000	−3 537 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 716 000	10 103 000	9 671 000	8 872 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	684 000	1 493 000
Fixtures	0	0	0	0
Total Tangible Assets	0	0	684 000	1 493 000
Total Fiancial Fixed Assets	100 577 000	100 577 000	100 577 000	100 577 000
Total Fixed Assets	111 293 000	110 679 000	110 931 000	110 942 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	7 563 000	10 144 000	11 280 000	14 365 000
Total Current Assets	10 733 000	10 350 000	11 590 000	14 569 000
Total Assets	122 026 000	121 030 000	122 521 000	125 511 000
Total Equity	855 000	44 649 000	46 181 000	49 013 000
Short-Term Group Debt	20 000	0	0	67 000
Total Long-Term Debt	120 681 000	76 062 000	76 062 000	76 062 000
Creditors	0	0	0	0
Unpaid Taxes	1 000	1 000	0	0
Dividends	0	0	0	0
Other Current Debt	469 000	318 000	278 000	369 000
Total Current Debt	491 000	319 000	278 000	436 000
Total Equity and Debt	122 026 000	121 030 000	122 521 000	125 511 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−254,39 %	−3,43 %	−6,13 %	−7,22 %
Debt-to-Equity Ratio	141,15	1,7	1,65	1,55
Operating Profit Margin	71,7 %	28,89 %	−75,97 %	−92,14 %
Current Ratio	21,86	32,45	41,69	33,42
Quick Ratio	21,86	32,45	41,69	33,42
Equity Ratio	0,01	0,37	0,38	0,39
Gross Profit Margin	100 %	100 %	100 %	100 %