KULDETEK AS

1738 BORGENHAUGEN

Finances

Share Ownership

Return on Equity

12,33 %

Current Ratio

1,04

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 364 000	767 000	759 000	878 000
Net Income	9 000	48 000	−135 000	24 000
Total Assets	835 000	291 000	147 000	166 000
Total Equity	73 000	−136 000	−184 000	−49 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 364 000	767 000	759 000	878 000
Expenditure	3 354 000	717 000	854 000	851 000
Operating Profit	9 000	50 000	−94 000	27 000
Financial Income	0	3 000	0	0
Financial Costs	0	5 000	41 000	3 000
Financial Balance	0	−2 000	−41 000	−3 000
Earnings Before Tax	9 000	48 000	−135 000	24 000
Tax	0	0	0	0
Net Income	9 000	48 000	−135 000	24 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	40 000	0	0	0
Total Current Assets	795 000	291 000	147 000	166 000
Total Assets	835 000	291 000	147 000	166 000
Total Retained Equity	−27 000	−236 000	−284 000	−149 000
Total Equity	73 000	−136 000	−184 000	−49 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	763 000	427 000	331 000	215 000
Total Equity and Debt	835 000	291 000	147 000	166 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 364 000	767 000	759 000	878 000
Other Income	0	0	0	0
Revenue	3 364 000	767 000	759 000	878 000
Cost of Goods Sold	2 339 000	547 000	536 000	654 000
Salary Costs	462 000	16 000	86 000	1 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 354 000	717 000	854 000	851 000
Operating Profit	9 000	50 000	−94 000	27 000
Financial Income	0	3 000	0	0
Financial Costs	0	5 000	41 000	3 000
Financial Balance	0	−2 000	−41 000	−3 000
Dividends	0	0	0	0
Net Income	9 000	48 000	−135 000	24 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	40 000	0	0	0
Total Fixed Assets	40 000	0	0	0
Stock	75 000	204 000	34 000	145 000
Total Investments	0	0	0	0
Cash, Bank	333 000	38 000	44 000	2 000
Total Current Assets	795 000	291 000	147 000	166 000
Total Assets	835 000	291 000	147 000	166 000
Total Equity	73 000	−136 000	−184 000	−49 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	442 000	164 000	165 000	137 000
Unpaid Taxes	126 000	26 000	26 000	1 000
Dividends	0	0	0	0
Other Current Debt	195 000	236 000	140 000	77 000
Total Current Debt	763 000	427 000	331 000	215 000
Total Equity and Debt	835 000	291 000	147 000	166 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,33 %	−35,29 %	73,37 %	−48,98 %
Debt-to-Equity Ratio	0	−0	−0	−0
Operating Profit Margin	0,27 %	6,52 %	−12,38 %	3,08 %
Current Ratio	1,04	0,68	0,44	0,77
Quick Ratio	1,16	1,3	0,49	2,37
Equity Ratio	0,09	−0,47	−1,25	−0,3
Gross Profit Margin	30,47 %	28,68 %	29,38 %	25,51 %