LØVVIK AERO TELECOM AS

5514 HAUGESUND

Finances

Share Ownership

Return on Equity

−15,17 %

Current Ratio

1,12

Debt-to-Equity Ratio

0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	25 142 000	20 122 000	18 026 000	13 012 000
Net Income	−249 000	1 114 000	213 000	249 000
Total Assets	8 264 000	7 615 000	7 627 000	5 613 000
Total Equity	1 641 000	1 889 000	1 854 000	1 719 000

Income (NOK)	2022	2021	2020	2019
Revenue	25 142 000	20 122 000	18 026 000	13 012 000
Expenditure	25 401 000	18 673 000	17 721 000	12 686 000
Operating Profit	−258 000	1 449 000	305 000	327 000
Financial Income	0	0	2 000	1 000
Financial Costs	44 000	21 000	34 000	9 000
Financial Balance	−44 000	−21 000	−32 000	−8 000
Earnings Before Tax	−302 000	1 428 000	273 000	319 000
Tax	−53 000	314 000	60 000	71 000
Net Income	−249 000	1 114 000	213 000	249 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 190 000	2 246 000	2 192 000	809 000
Total Current Assets	7 074 000	5 368 000	5 435 000	4 804 000
Total Assets	8 264 000	7 615 000	7 627 000	5 613 000
Total Retained Equity	1 611 000	1 859 000	1 824 000	1 689 000
Total Equity	1 641 000	1 889 000	1 854 000	1 719 000
Total Long-Term Debt	313 000	428 000	553 000	335 000
Total Current Debt	6 310 000	5 297 000	5 220 000	3 559 000
Total Equity and Debt	8 264 000	7 615 000	7 627 000	5 613 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	25 142 000	20 122 000	18 026 000	13 012 000
Other Income	0	0	0	0
Revenue	25 142 000	20 122 000	18 026 000	13 012 000
Cost of Goods Sold	4 148 000	1 584 000	1 571 000	752 000
Salary Costs	15 330 000	12 368 000	11 084 000	8 401 000
Depreciation	392 000	494 000	472 000	167 000
Impairment	0	0	0	0
Expenditure	25 401 000	18 673 000	17 721 000	12 686 000
Operating Profit	−258 000	1 449 000	305 000	327 000
Financial Income	0	0	2 000	1 000
Financial Costs	44 000	21 000	34 000	9 000
Financial Balance	−44 000	−21 000	−32 000	−8 000
Dividends	0	1 000 000	0	0
Net Income	−249 000	1 114 000	213 000	249 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	148 000	95 000	42 000	7 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	386 000	536 000	835 000	802 000
Total Tangible Assets	386 000	536 000	835 000	802 000
Total Fiancial Fixed Assets	656 000	1 616 000	1 316 000	0
Total Fixed Assets	1 190 000	2 246 000	2 192 000	809 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 734 000	934 000	1 587 000	1 592 000
Total Current Assets	7 074 000	5 368 000	5 435 000	4 804 000
Total Assets	8 264 000	7 615 000	7 627 000	5 613 000
Total Equity	1 641 000	1 889 000	1 854 000	1 719 000
Short-Term Group Debt	0	100 000	100 000	220 000
Total Long-Term Debt	313 000	428 000	553 000	335 000
Creditors	716 000	360 000	934 000	1 060 000
Unpaid Taxes	2 569 000	2 055 000	1 778 000	1 336 000
Dividends	0	1 000 000	0	0
Other Current Debt	3 025 000	1 437 000	2 336 000	933 000
Total Current Debt	6 310 000	5 297 000	5 220 000	3 559 000
Total Equity and Debt	8 264 000	7 615 000	7 627 000	5 613 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−15,17 %	58,97 %	11,49 %	14,49 %
Debt-to-Equity Ratio	0,19	0,23	0,3	0,19
Operating Profit Margin	−1,03 %	7,2 %	1,69 %	2,51 %
Current Ratio	1,12	1,01	1,04	1,35
Quick Ratio	1,12	1,01	1,04	1,35
Equity Ratio	0,2	0,25	0,24	0,31
Gross Profit Margin	83,5 %	92,13 %	91,28 %	94,22 %