BRØDRENE ULVESETH HOLDING AS

5179 GODVIK

Finances

Return on Equity

9,42 %

Current Ratio

2,32

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	769 224 000	693 094 000	589 286 000	432 612 000
Net Income	21 657 000	36 274 000	30 440 000	16 972 000
Total Assets	355 882 000	373 075 000	432 073 000	281 738 000
Total Equity	229 788 000	216 131 000	186 858 000	161 418 000

Income (NOK)	2022	2021	2020	2019
Revenue	769 224 000	693 094 000	589 286 000	432 612 000
Expenditure	629 734 000	499 607 000	480 204 000	411 314 000
Operating Profit	25 234 000	46 612 000	40 558 000	21 297 000
Financial Income	1 791 000	769 000	213 000	1 353 000
Financial Costs	374 000	1 002 000	955 000	66 000
Financial Balance	1 417 000	−233 000	−742 000	1 287 000
Earnings Before Tax	26 651 000	46 379 000	39 816 000	22 584 000
Tax	4 994 000	10 105 000	9 376 000	5 611 000
Net Income	21 657 000	36 274 000	30 440 000	16 972 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	63 744 000	65 722 000	64 314 000	65 505 000
Total Current Assets	292 137 000	307 354 000	367 760 000	216 233 000
Total Assets	355 882 000	373 075 000	432 073 000	281 738 000
Total Retained Equity	0	208 139 000	178 866 000	153 426 000
Total Equity	229 788 000	216 131 000	186 858 000	161 418 000
Total Long-Term Debt	0	34 228 000	113 103 000	10 396 000
Total Current Debt	126 094 000	122 717 000	132 113 000	109 924 000
Total Equity and Debt	355 882 000	373 075 000	432 073 000	281 738 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	768 885 000	691 716 000	588 340 000	432 612 000
Other Income	338 000	1 378 000	946 000	0
Revenue	769 224 000	693 094 000	589 286 000	432 612 000
Cost of Goods Sold	499 620 000	373 191 000	366 900 000	298 089 000
Salary Costs	102 036 000	97 216 000	88 782 000	86 862 000
Depreciation	6 870 000	8 129 000	8 055 000	7 318 000
Impairment	0	0	0	0
Expenditure	629 734 000	499 607 000	480 204 000	411 314 000
Operating Profit	25 234 000	46 612 000	40 558 000	21 297 000
Financial Income	1 791 000	769 000	213 000	1 353 000
Financial Costs	374 000	1 002 000	955 000	66 000
Financial Balance	1 417 000	−233 000	−742 000	1 287 000
Dividends	0	0	0	0
Net Income	21 657 000	36 274 000	30 440 000	16 972 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 540 000	0	0	0
Real Eastate	38 376 000	38 438 000	38 527 000	38 405 000
Machinery and Plant Facilities	13 869 000	26 059 000	17 230 000	20 496 000
Fixtures	0	0	0	0
Total Tangible Assets	60 979 000	64 497 000	63 089 000	64 280 000
Total Fiancial Fixed Assets	1 225 000	1 225 000	1 225 000	1 225 000
Total Fixed Assets	63 744 000	65 722 000	64 314 000	65 505 000
Stock	9 920 000	132 937 000	285 321 000	115 532 000
Total Investments	0	0	0	0
Cash, Bank	92 001 000	55 870 000	6 469 000	28 637 000
Total Current Assets	292 137 000	307 354 000	367 760 000	216 233 000
Total Assets	355 882 000	373 075 000	432 073 000	281 738 000
Total Equity	229 788 000	216 131 000	186 858 000	161 418 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	34 228 000	113 103 000	10 396 000
Creditors	61 824 000	64 348 000	65 631 000	53 449 000
Unpaid Taxes	13 573 000	18 360 000	11 159 000	11 190 000
Dividends	0	0	0	0
Other Current Debt	11 934 000	33 009 000	44 673 000	37 846 000
Total Current Debt	126 094 000	122 717 000	132 113 000	109 924 000
Total Equity and Debt	355 882 000	373 075 000	432 073 000	281 738 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,42 %	16,78 %	16,29 %	10,51 %
Debt-to-Equity Ratio	0	0,16	0,61	0,06
Operating Profit Margin	3,28 %	6,73 %	6,88 %	4,92 %
Current Ratio	2,32	2,5	2,78	1,97
Quick Ratio	2,51	−30,07	−2,4	−38,56
Equity Ratio	0,65	0,58	0,43	0,57
Gross Profit Margin	35,05 %	46,16 %	37,74 %	31,1 %