LETNES EIENDOMSUTVIKLING AS

7670 INDERØY

Finances

Share Ownership

Return on Equity

4,84 %

Current Ratio

36,65

Debt-to-Equity Ratio

1,5

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 360 000	74 492 000	21 249 000	955 000
Net Income	626 000	5 035 000	1 169 000	−373 000
Total Assets	32 847 000	38 595 000	64 256 000	37 158 000
Total Equity	12 934 000	12 308 000	7 273 000	6 104 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 360 000	74 492 000	21 249 000	955 000
Expenditure	5 093 000	67 443 000	18 887 000	894 000
Operating Profit	1 266 000	7 049 000	2 362 000	60 000
Financial Income	31 000	4 000	3 000	0
Financial Costs	494 000	598 000	866 000	539 000
Financial Balance	−463 000	−594 000	−863 000	−539 000
Earnings Before Tax	803 000	6 455 000	1 499 000	−479 000
Tax	177 000	1 420 000	330 000	−105 000
Net Income	626 000	5 035 000	1 169 000	−373 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	14 561 000	15 227 000	12 282 000	9 068 000
Total Current Assets	18 286 000	23 368 000	51 974 000	28 090 000
Total Assets	32 847 000	38 595 000	64 256 000	37 158 000
Total Retained Equity	6 313 000	5 688 000	652 000	359 000
Total Equity	12 934 000	12 308 000	7 273 000	6 104 000
Total Long-Term Debt	19 415 000	23 584 000	45 120 000	27 950 000
Total Current Debt	499 000	2 703 000	11 863 000	3 103 000
Total Equity and Debt	32 847 000	38 595 000	64 256 000	37 158 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 308 000	74 445 000	21 205 000	923 000
Other Income	52 000	47 000	44 000	32 000
Revenue	6 360 000	74 492 000	21 249 000	955 000
Cost of Goods Sold	4 239 000	66 591 000	18 123 000	153 000
Salary Costs	0	0	0	0
Depreciation	666 000	644 000	600 000	517 000
Impairment	0	0	0	0
Expenditure	5 093 000	67 443 000	18 887 000	894 000
Operating Profit	1 266 000	7 049 000	2 362 000	60 000
Financial Income	31 000	4 000	3 000	0
Financial Costs	494 000	598 000	866 000	539 000
Financial Balance	−463 000	−594 000	−863 000	−539 000
Dividends	0	0	0	0
Net Income	626 000	5 035 000	1 169 000	−373 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	14 561 000	15 227 000	12 282 000	9 068 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	14 561 000	15 227 000	12 282 000	9 068 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	14 561 000	15 227 000	12 282 000	9 068 000
Stock	13 544 000	16 997 000	48 508 000	27 931 000
Total Investments	0	0	0	0
Cash, Bank	4 687 000	457 000	2 930 000	113 000
Total Current Assets	18 286 000	23 368 000	51 974 000	28 090 000
Total Assets	32 847 000	38 595 000	64 256 000	37 158 000
Total Equity	12 934 000	12 308 000	7 273 000	6 104 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	19 415 000	23 584 000	45 120 000	27 950 000
Creditors	81 000	334 000	4 395 000	2 638 000
Unpaid Taxes	38 000	44 000	46 000	32 000
Dividends	0	0	0	0
Other Current Debt	175 000	891 000	342 000	433 000
Total Current Debt	499 000	2 703 000	11 863 000	3 103 000
Total Equity and Debt	32 847 000	38 595 000	64 256 000	37 158 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,84 %	40,91 %	16,07 %	−6,11 %
Debt-to-Equity Ratio	1,5	1,92	6,2	4,58
Operating Profit Margin	19,91 %	9,46 %	11,12 %	6,28 %
Current Ratio	36,65	8,65	4,38	9,05
Quick Ratio	−1,4	−1,63	−1,42	−1,13
Equity Ratio	0,39	0,32	0,11	0,16
Gross Profit Margin	33,35 %	10,61 %	14,71 %	83,98 %