ULSTENSVEI 2 AS

1710 SARPSBORG

Finances

Share Ownership

Return on Equity

61,06 %

Current Ratio

3,3

Debt-to-Equity Ratio

1,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 990 000	9 721 000	326 000	324 000
Net Income	900 000	187 000	19 000	68 000
Total Assets	3 395 000	13 277 000	9 642 000	3 366 000
Total Equity	1 474 000	574 000	387 000	368 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 990 000	9 721 000	326 000	324 000
Expenditure	1 251 000	9 207 000	180 000	161 000
Operating Profit	1 375 000	514 000	146 000	162 000
Financial Income	1 000	0	0	0
Financial Costs	222 000	266 000	122 000	75 000
Financial Balance	−221 000	−266 000	−122 000	−75 000
Earnings Before Tax	1 154 000	249 000	24 000	87 000
Tax	254 000	62 000	5 000	19 000
Net Income	900 000	187 000	19 000	68 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 994 000	2 300 000	2 106 000	2 144 000
Total Current Assets	1 401 000	10 977 000	7 536 000	1 222 000
Total Assets	3 395 000	13 277 000	9 642 000	3 366 000
Total Retained Equity	1 444 000	544 000	357 000	338 000
Total Equity	1 474 000	574 000	387 000	368 000
Total Long-Term Debt	1 497 000	11 497 000	6 278 000	2 973 000
Total Current Debt	424 000	1 206 000	2 977 000	25 000
Total Equity and Debt	3 395 000	13 277 000	9 642 000	3 366 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 800 000	9 401 000	0	0
Other Income	190 000	320 000	326 000	324 000
Revenue	15 990 000	9 721 000	326 000	324 000
Cost of Goods Sold	791 000	8 849 000	9 000	42 000
Salary Costs	0	0	0	0
Depreciation	38 000	38 000	38 000	38 000
Impairment	0	0	0	0
Expenditure	1 251 000	9 207 000	180 000	161 000
Operating Profit	1 375 000	514 000	146 000	162 000
Financial Income	1 000	0	0	0
Financial Costs	222 000	266 000	122 000	75 000
Financial Balance	−221 000	−266 000	−122 000	−75 000
Dividends	0	0	0	0
Net Income	900 000	187 000	19 000	68 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 994 000	2 032 000	2 071 000	2 109 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	1 994 000	2 032 000	2 071 000	2 109 000
Total Fiancial Fixed Assets	0	268 000	35 000	35 000
Total Fixed Assets	1 994 000	2 300 000	2 106 000	2 144 000
Stock	0	10 824 000	7 467 000	1 200 000
Total Investments	0	0	0	0
Cash, Bank	15 000	149 000	62 000	15 000
Total Current Assets	1 401 000	10 977 000	7 536 000	1 222 000
Total Assets	3 395 000	13 277 000	9 642 000	3 366 000
Total Equity	1 474 000	574 000	387 000	368 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 497 000	11 497 000	6 278 000	2 973 000
Creditors	117 000	834 000	2 902 000	7 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	50 000	310 000	70 000	0
Total Current Debt	424 000	1 206 000	2 977 000	25 000
Total Equity and Debt	3 395 000	13 277 000	9 642 000	3 366 000

Financial indicators	2022	2021	2020	2019
Return on Equity	61,06 %	32,58 %	4,91 %	18,48 %
Debt-to-Equity Ratio	1,02	20,03	16,22	8,08
Operating Profit Margin	8,6 %	5,29 %	44,79 %	50 %
Current Ratio	3,3	9,1	2,53	48,88
Quick Ratio	3,3	−1,14	−1,68	−1,04
Equity Ratio	0,43	0,04	0,04	0,11
Gross Profit Margin	95,05 %	8,97 %	97,24 %	87,04 %