ULTRAJET AS

4480 KVINESDAL

Finances

Share Ownership

Return on Equity

67,1 %

Current Ratio

0,61

Debt-to-Equity Ratio

−0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 405 000	1 532 000	1 145 000	1 086 000
Net Income	−259 000	−43 000	−62 000	2 000
Total Assets	800 000	612 000	495 000	728 000
Total Equity	−386 000	−128 000	−85 000	−23 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 405 000	1 532 000	1 145 000	1 086 000
Expenditure	1 639 000	1 551 000	1 178 000	1 037 000
Operating Profit	−234 000	−19 000	−32 000	50 000
Financial Income	3 000	3 000	3 000	1 000
Financial Costs	27 000	27 000	33 000	49 000
Financial Balance	−24 000	−24 000	−30 000	−48 000
Earnings Before Tax	−259 000	−43 000	−62 000	2 000
Tax	0	0	0	0
Net Income	−259 000	−43 000	−62 000	2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	83 000	70 000	54 000	22 000
Total Current Assets	717 000	542 000	441 000	706 000
Total Assets	800 000	612 000	495 000	728 000
Total Retained Equity	−416 000	−158 000	−115 000	−53 000
Total Equity	−386 000	−128 000	−85 000	−23 000
Total Long-Term Debt	10 000	24 000	42 000	156 000
Total Current Debt	1 177 000	715 000	538 000	594 000
Total Equity and Debt	800 000	612 000	495 000	728 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 405 000	1 656 000	1 176 000	1 086 000
Other Income	0	−124 000	−31 000	0
Revenue	1 405 000	1 532 000	1 145 000	1 086 000
Cost of Goods Sold	655 000	647 000	357 000	244 000
Salary Costs	386 000	416 000	410 000	368 000
Depreciation	28 000	20 000	9 000	2 000
Impairment	0	0	0	0
Expenditure	1 639 000	1 551 000	1 178 000	1 037 000
Operating Profit	−234 000	−19 000	−32 000	50 000
Financial Income	3 000	3 000	3 000	1 000
Financial Costs	27 000	27 000	33 000	49 000
Financial Balance	−24 000	−24 000	−30 000	−48 000
Dividends	0	0	0	0
Net Income	−259 000	−43 000	−62 000	2 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	83 000	70 000	54 000	22 000
Total Tangible Assets	83 000	70 000	54 000	22 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	83 000	70 000	54 000	22 000
Stock	533 000	494 000	477 000	495 000
Total Investments	0	0	0	0
Cash, Bank	0	−199 000	−207 000	0
Total Current Assets	717 000	542 000	441 000	706 000
Total Assets	800 000	612 000	495 000	728 000
Total Equity	−386 000	−128 000	−85 000	−23 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 000	24 000	42 000	156 000
Creditors	218 000	102 000	77 000	121 000
Unpaid Taxes	43 000	152 000	222 000	94 000
Dividends	0	0	0	0
Other Current Debt	750 000	461 000	239 000	0
Total Current Debt	1 177 000	715 000	538 000	594 000
Total Equity and Debt	800 000	612 000	495 000	728 000

Financial indicators	2022	2021	2020	2019
Return on Equity	67,1 %	33,59 %	72,94 %	−8,7 %
Debt-to-Equity Ratio	−0,03	−0,19	−0,49	−6,78
Operating Profit Margin	−16,65 %	−1,24 %	−2,79 %	4,6 %
Current Ratio	0,61	0,76	0,82	1,19
Quick Ratio	1,11	2,45	7,23	7,13
Equity Ratio	−0,48	−0,21	−0,17	−0,03
Gross Profit Margin	53,38 %	57,77 %	68,82 %	77,53 %