ULSTEIN. AS

4700 VENNESLA

Finances

Return on Equity

32,09 %

Current Ratio

1,42

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	127 418 000	85 279 000	67 106 000	69 319 000
Net Income	4 309 000	3 305 000	2 082 000	1 539 000
Total Assets	40 526 000	28 360 000	23 892 000	24 791 000
Total Equity	13 426 000	12 240 000	10 935 000	10 190 000

Income (NOK)	2022	2021	2020	2019
Revenue	127 418 000	85 279 000	67 106 000	69 319 000
Expenditure	121 731 000	81 013 000	64 428 000	67 281 000
Operating Profit	5 686 000	4 267 000	2 678 000	2 038 000
Financial Income	158 000	62 000	57 000	117 000
Financial Costs	174 000	93 000	65 000	182 000
Financial Balance	−16 000	−31 000	−8 000	−65 000
Earnings Before Tax	5 670 000	4 237 000	2 670 000	1 973 000
Tax	1 361 000	932 000	588 000	434 000
Net Income	4 309 000	3 305 000	2 082 000	1 539 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 252 000	2 686 000	2 911 000	3 615 000
Total Current Assets	38 275 000	25 674 000	20 981 000	21 176 000
Total Assets	40 526 000	28 360 000	23 892 000	24 791 000
Total Retained Equity	9 935 000	8 739 000	7 434 000	6 721 000
Total Equity	13 426 000	12 240 000	10 935 000	10 190 000
Total Long-Term Debt	188 000	0	0	0
Total Current Debt	26 913 000	16 121 000	12 957 000	14 602 000
Total Equity and Debt	40 526 000	28 360 000	23 892 000	24 791 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	127 372 000	85 260 000	67 106 000	69 171 000
Other Income	46 000	19 000	0	148 000
Revenue	127 418 000	85 279 000	67 106 000	69 319 000
Cost of Goods Sold	72 062 000	41 678 000	31 732 000	33 295 000
Salary Costs	38 584 000	31 211 000	25 291 000	26 456 000
Depreciation	589 000	1 100 000	1 017 000	936 000
Impairment	0	0	0	0
Expenditure	121 731 000	81 013 000	64 428 000	67 281 000
Operating Profit	5 686 000	4 267 000	2 678 000	2 038 000
Financial Income	158 000	62 000	57 000	117 000
Financial Costs	174 000	93 000	65 000	182 000
Financial Balance	−16 000	−31 000	−8 000	−65 000
Dividends	3 000 000	0	1 500 000	1 000 000
Net Income	4 309 000	3 305 000	2 082 000	1 539 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	164 000	501 000	476 000	453 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	1 078 000	1 191 000	978 000	1 529 000
Fixtures	718 000	585 000	963 000	1 057 000
Total Tangible Assets	1 796 000	1 775 000	1 941 000	2 586 000
Total Fiancial Fixed Assets	292 000	410 000	494 000	576 000
Total Fixed Assets	2 252 000	2 686 000	2 911 000	3 615 000
Stock	5 391 000	4 218 000	3 748 000	3 533 000
Total Investments	0	0	0	0
Cash, Bank	9 863 000	4 248 000	3 960 000	4 486 000
Total Current Assets	38 275 000	25 674 000	20 981 000	21 176 000
Total Assets	40 526 000	28 360 000	23 892 000	24 791 000
Total Equity	13 426 000	12 240 000	10 935 000	10 190 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	188 000	0	0	0
Creditors	12 917 000	5 175 000	5 056 000	4 414 000
Unpaid Taxes	3 622 000	3 792 000	2 922 000	3 305 000
Dividends	3 000 000	0	1 500 000	1 000 000
Other Current Debt	6 350 000	4 196 000	2 868 000	3 987 000
Total Current Debt	26 913 000	16 121 000	12 957 000	14 602 000
Total Equity and Debt	40 526 000	28 360 000	23 892 000	24 791 000

Financial indicators	2022	2021	2020	2019
Return on Equity	32,09 %	27 %	19,04 %	15,1 %
Debt-to-Equity Ratio	0,01	0	0	0
Operating Profit Margin	4,46 %	5 %	3,99 %	2,94 %
Current Ratio	1,42	1,59	1,62	1,45
Quick Ratio	1,78	2,16	2,28	1,91
Equity Ratio	0,33	0,43	0,46	0,41
Gross Profit Margin	43,44 %	51,13 %	52,71 %	51,97 %