KULTAR AS

7650 VERDAL

Finances

Share Ownership

Return on Equity

−4,4 %

Current Ratio

1,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 568 000	1 126 000	547 000	1 227 000
Net Income	−26 000	198 000	−37 000	134 000
Total Assets	4 160 000	2 913 000	1 556 000	1 988 000
Total Equity	591 000	617 000	418 000	455 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 568 000	1 126 000	547 000	1 227 000
Expenditure	1 602 000	956 000	632 000	1 057 000
Operating Profit	−34 000	170 000	−85 000	170 000
Financial Income	1 000	2 000	7 000	1 000
Financial Costs	0	0	−7 000	0
Financial Balance	1 000	2 000	14 000	1 000
Earnings Before Tax	−33 000	172 000	−71 000	171 000
Tax	−7 000	−26 000	−34 000	38 000
Net Income	−26 000	198 000	−37 000	134 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	33 000	26 000	0	0
Total Current Assets	4 127 000	2 887 000	1 556 000	1 988 000
Total Assets	4 160 000	2 913 000	1 556 000	1 988 000
Total Retained Equity	491 000	517 000	318 000	355 000
Total Equity	591 000	617 000	418 000	455 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 570 000	2 296 000	1 138 000	1 533 000
Total Equity and Debt	4 160 000	2 913 000	1 556 000	1 988 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	88 000	70 000	46 000	72 000
Other Income	1 480 000	1 056 000	501 000	1 155 000
Revenue	1 568 000	1 126 000	547 000	1 227 000
Cost of Goods Sold	8 000	100 000	0	0
Salary Costs	956 000	397 000	263 000	582 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 602 000	956 000	632 000	1 057 000
Operating Profit	−34 000	170 000	−85 000	170 000
Financial Income	1 000	2 000	7 000	1 000
Financial Costs	0	0	−7 000	0
Financial Balance	1 000	2 000	14 000	1 000
Dividends	0	0	0	0
Net Income	−26 000	198 000	−37 000	134 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	33 000	26 000	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	0	0	0	0
Total Fixed Assets	33 000	26 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 611 000	1 973 000	916 000	1 159 000
Total Current Assets	4 127 000	2 887 000	1 556 000	1 988 000
Total Assets	4 160 000	2 913 000	1 556 000	1 988 000
Total Equity	591 000	617 000	418 000	455 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	35 000	24 000	10 000	3 000
Unpaid Taxes	129 000	108 000	19 000	73 000
Dividends	0	0	0	0
Other Current Debt	3 406 000	2 165 000	1 109 000	1 419 000
Total Current Debt	3 570 000	2 296 000	1 138 000	1 533 000
Total Equity and Debt	4 160 000	2 913 000	1 556 000	1 988 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−4,4 %	32,09 %	−8,85 %	29,45 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−2,17 %	15,1 %	−15,54 %	13,85 %
Current Ratio	1,16	1,26	1,37	1,3
Quick Ratio	1,16	1,26	1,37	1,3
Equity Ratio	0,14	0,21	0,27	0,23
Gross Profit Margin	99,49 %	91,12 %	100 %	100 %