LOFOTTORSK AS

8063 VÆRØY

Finances

Share Ownership

Return on Equity

−112,93 %

Current Ratio

4,77

Debt-to-Equity Ratio

4,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	148 000	2 608 000	15 718 000	25 734 000
Net Income	−1 162 000	−965 000	121 000	461 000
Total Assets	5 711 000	12 245 000	7 461 000	8 649 000
Total Equity	1 029 000	1 264 000	611 000	490 000

Income (NOK)	2022	2021	2020	2019
Revenue	148 000	2 608 000	15 718 000	25 734 000
Expenditure	1 411 000	3 668 000	15 332 000	24 879 000
Operating Profit	−1 262 000	−1 059 000	386 000	855 000
Financial Income	13 000	8 000	40 000	21 000
Financial Costs	240 000	183 000	267 000	284 000
Financial Balance	−227 000	−175 000	−227 000	−263 000
Earnings Before Tax	−1 490 000	−1 234 000	159 000	591 000
Tax	−328 000	−269 000	37 000	130 000
Net Income	−1 162 000	−965 000	121 000	461 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 345 000	9 646 000	6 843 000	6 554 000
Total Current Assets	1 365 000	2 599 000	618 000	2 095 000
Total Assets	5 711 000	12 245 000	7 461 000	8 649 000
Total Retained Equity	0	308 000	−345 000	−466 000
Total Equity	1 029 000	1 264 000	611 000	490 000
Total Long-Term Debt	4 396 000	10 962 000	6 466 000	5 284 000
Total Current Debt	286 000	20 000	384 000	2 875 000
Total Equity and Debt	5 711 000	12 245 000	7 461 000	8 649 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	2 608 000	15 684 000	25 734 000
Other Income	148 000	0	34 000	0
Revenue	148 000	2 608 000	15 718 000	25 734 000
Cost of Goods Sold	0	1 514 000	12 180 000	20 305 000
Salary Costs	3 000	494 000	925 000	646 000
Depreciation	1 158 000	1 206 000	1 169 000	765 000
Impairment	0	0	0	0
Expenditure	1 411 000	3 668 000	15 332 000	24 879 000
Operating Profit	−1 262 000	−1 059 000	386 000	855 000
Financial Income	13 000	8 000	40 000	21 000
Financial Costs	240 000	183 000	267 000	284 000
Financial Balance	−227 000	−175 000	−227 000	−263 000
Dividends	0	0	0	0
Net Income	−1 162 000	−965 000	121 000	461 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	82 000	82 000	155 000	192 000
Real Eastate	558 000	4 797 000	5 745 000	5 680 000
Machinery and Plant Facilities	3 307 000	155 000	211 000	110 000
Fixtures	30 000	184 000	250 000	32 000
Total Tangible Assets	4 139 000	5 438 000	6 567 000	6 241 000
Total Fiancial Fixed Assets	124 000	4 126 000	122 000	121 000
Total Fixed Assets	4 345 000	9 646 000	6 843 000	6 554 000
Stock	0	0	349 000	0
Total Investments	0	0	0	0
Cash, Bank	119 000	457 000	71 000	1 181 000
Total Current Assets	1 365 000	2 599 000	618 000	2 095 000
Total Assets	5 711 000	12 245 000	7 461 000	8 649 000
Total Equity	1 029 000	1 264 000	611 000	490 000
Short-Term Group Debt	0	0	75 000	2 481 000
Total Long-Term Debt	4 396 000	10 962 000	6 466 000	5 284 000
Creditors	286 000	17 000	167 000	332 000
Unpaid Taxes	0	0	27 000	0
Dividends	0	0	0	0
Other Current Debt	0	0	115 000	63 000
Total Current Debt	286 000	20 000	384 000	2 875 000
Total Equity and Debt	5 711 000	12 245 000	7 461 000	8 649 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−112,93 %	−76,34 %	19,8 %	94,08 %
Debt-to-Equity Ratio	4,27	8,67	10,58	10,78
Operating Profit Margin	−852,7 %	−40,61 %	2,46 %	3,32 %
Current Ratio	4,77	129,95	1,61	0,73
Quick Ratio	4,77	129,95	17,66	0,73
Equity Ratio	0,18	0,1	0,08	0,06
Gross Profit Margin	100 %	41,95 %	22,51 %	21,1 %