B. ULSTEIN AS

6012 ÅLESUND

Finances

Return on Equity

−4 %

Current Ratio

11,81

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	60 000	100 000	485 000	200 000
Net Income	−6 415 000	78 317 000	3 245 000	8 214 000
Total Assets	174 277 000	191 625 000	121 285 000	124 488 000
Total Equity	160 364 000	179 779 000	120 600 000	123 755 000

Income (NOK)	2022	2021	2020	2019
Revenue	60 000	100 000	485 000	200 000
Expenditure	1 797 000	735 000	493 000	677 000
Operating Profit	−1 737 000	−635 000	−9 000	−476 000
Financial Income	10 843 000	82 142 000	7 641 000	9 370 000
Financial Costs	14 619 000	3 051 000	3 719 000	1 000
Financial Balance	−3 776 000	79 091 000	3 922 000	9 369 000
Earnings Before Tax	−5 513 000	78 456 000	3 913 000	8 893 000
Tax	902 000	139 000	668 000	678 000
Net Income	−6 415 000	78 317 000	3 245 000	8 214 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 984 000	14 076 000	33 954 000	25 536 000
Total Current Assets	164 293 000	177 549 000	87 331 000	98 952 000
Total Assets	174 277 000	191 625 000	121 285 000	124 488 000
Total Retained Equity	158 081 000	177 496 000	118 317 000	121 472 000
Total Equity	160 364 000	179 779 000	120 600 000	123 755 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	13 912 000	11 846 000	685 000	733 000
Total Equity and Debt	174 277 000	191 625 000	121 285 000	124 488 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	80 000	485 000	200 000
Other Income	60 000	20 000	0	0
Revenue	60 000	100 000	485 000	200 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 797 000	735 000	493 000	677 000
Operating Profit	−1 737 000	−635 000	−9 000	−476 000
Financial Income	10 843 000	82 142 000	7 641 000	9 370 000
Financial Costs	14 619 000	3 051 000	3 719 000	1 000
Financial Balance	−3 776 000	79 091 000	3 922 000	9 369 000
Dividends	13 000 000	19 138 000	6 400 000	7 490 000
Net Income	−6 415 000	78 317 000	3 245 000	8 214 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	3 998 000	3 998 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	3 998 000	3 998 000	0
Total Fiancial Fixed Assets	9 984 000	10 078 000	29 956 000	25 536 000
Total Fixed Assets	9 984 000	14 076 000	33 954 000	25 536 000
Stock	0	0	0	0
Total Investments	65 305 000	73 762 000	66 216 000	63 902 000
Cash, Bank	98 434 000	103 276 000	19 346 000	34 178 000
Total Current Assets	164 293 000	177 549 000	87 331 000	98 952 000
Total Assets	174 277 000	191 625 000	121 285 000	124 488 000
Total Equity	160 364 000	179 779 000	120 600 000	123 755 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	0	10 000	0
Unpaid Taxes	0	0	7 000	36 000
Dividends	13 000 000	19 138 000	6 400 000	7 490 000
Other Current Debt	11 000	3 606 000	0	18 000
Total Current Debt	13 912 000	11 846 000	685 000	733 000
Total Equity and Debt	174 277 000	191 625 000	121 285 000	124 488 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−4 %	43,56 %	2,69 %	6,64 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−2 895 %	−635 %	−1,86 %	−238 %
Current Ratio	11,81	14,99	127,49	135
Quick Ratio	11,81	14,99	127,49	135
Equity Ratio	0,92	0,94	0,99	0,99
Gross Profit Margin	100 %	100 %	100 %	100 %