KULDENOR AS

7038 TRONDHEIM

Finances

Share Ownership

Return on Equity

58,8 %

Current Ratio

1,85

Debt-to-Equity Ratio

0,28

Key figures (NOK)	2022	2021	2020	2019
Revenue	22 044 000	14 743 000	11 971 000	13 106 000
Net Income	3 064 000	376 000	525 000	45 000
Total Assets	14 362 000	9 095 000	7 554 000	6 801 000
Total Equity	5 211 000	2 147 000	1 771 000	1 246 000

Income (NOK)	2022	2021	2020	2019
Revenue	22 044 000	14 743 000	11 971 000	13 106 000
Expenditure	17 774 000	14 136 000	11 147 000	12 879 000
Operating Profit	4 270 000	607 000	824 000	228 000
Financial Income	243 000	166 000	142 000	4 000
Financial Costs	574 000	289 000	291 000	166 000
Financial Balance	−331 000	−123 000	−149 000	−162 000
Earnings Before Tax	3 938 000	483 000	675 000	66 000
Tax	875 000	107 000	150 000	21 000
Net Income	3 064 000	376 000	525 000	45 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	132 000	134 000	113 000	253 000
Total Current Assets	14 230 000	8 960 000	7 441 000	6 548 000
Total Assets	14 362 000	9 095 000	7 554 000	6 801 000
Total Retained Equity	3 366 000	302 000	−74 000	−599 000
Total Equity	5 211 000	2 147 000	1 771 000	1 246 000
Total Long-Term Debt	1 447 000	1 660 000	1 866 000	578 000
Total Current Debt	7 704 000	5 288 000	3 918 000	4 977 000
Total Equity and Debt	14 362 000	9 095 000	7 554 000	6 801 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	22 044 000	14 743 000	11 971 000	13 106 000
Other Income	0	0	0	0
Revenue	22 044 000	14 743 000	11 971 000	13 106 000
Cost of Goods Sold	10 350 000	8 066 000	6 503 000	7 775 000
Salary Costs	4 388 000	3 976 000	2 951 000	3 075 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	17 774 000	14 136 000	11 147 000	12 879 000
Operating Profit	4 270 000	607 000	824 000	228 000
Financial Income	243 000	166 000	142 000	4 000
Financial Costs	574 000	289 000	291 000	166 000
Financial Balance	−331 000	−123 000	−149 000	−162 000
Dividends	0	0	0	0
Net Income	3 064 000	376 000	525 000	45 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	146 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	48 000	0	0	18 000
Total Tangible Assets	48 000	0	0	18 000
Total Fiancial Fixed Assets	84 000	134 000	113 000	89 000
Total Fixed Assets	132 000	134 000	113 000	253 000
Stock	10 035 000	5 847 000	5 165 000	4 929 000
Total Investments	0	0	0	0
Cash, Bank	138 000	136 000	103 000	98 000
Total Current Assets	14 230 000	8 960 000	7 441 000	6 548 000
Total Assets	14 362 000	9 095 000	7 554 000	6 801 000
Total Equity	5 211 000	2 147 000	1 771 000	1 246 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 447 000	1 660 000	1 866 000	578 000
Creditors	3 129 000	1 996 000	1 243 000	1 957 000
Unpaid Taxes	421 000	495 000	576 000	393 000
Dividends	0	0	0	0
Other Current Debt	1 805 000	1 748 000	1 645 000	1 706 000
Total Current Debt	7 704 000	5 288 000	3 918 000	4 977 000
Total Equity and Debt	14 362 000	9 095 000	7 554 000	6 801 000

Financial indicators	2022	2021	2020	2019
Return on Equity	58,8 %	17,51 %	29,64 %	3,61 %
Debt-to-Equity Ratio	0,28	0,77	1,05	0,46
Operating Profit Margin	19,37 %	4,12 %	6,88 %	1,74 %
Current Ratio	1,85	1,69	1,9	1,32
Quick Ratio	−6,1	−16,03	−5,97	136,42
Equity Ratio	0,36	0,24	0,23	0,18
Gross Profit Margin	53,05 %	45,29 %	45,68 %	40,68 %