LARSENS MOTORSERVICE AS

8850 HERØY

Finances

Share Ownership

Return on Equity

100,11 %

Current Ratio

1,88

Debt-to-Equity Ratio

2,92

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 978 000	8 811 000	7 809 000	6 463 000
Net Income	1 817 000	667 000	601 000	298 000
Total Assets	9 798 000	8 959 000	3 411 000	2 149 000
Total Equity	1 815 000	1 738 000	1 672 000	1 461 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 978 000	8 811 000	7 809 000	6 463 000
Expenditure	12 424 000	7 957 000	7 039 000	6 127 000
Operating Profit	2 553 000	854 000	770 000	336 000
Financial Income	6 000	0	0	1 000
Financial Costs	230 000	0	0	5 000
Financial Balance	−224 000	0	0	−4 000
Earnings Before Tax	2 329 000	855 000	770 000	333 000
Tax	512 000	188 000	169 000	35 000
Net Income	1 817 000	667 000	601 000	298 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 741 000	5 119 000	342 000	456 000
Total Current Assets	5 056 000	3 839 000	3 069 000	1 693 000
Total Assets	9 798 000	8 959 000	3 411 000	2 149 000
Total Retained Equity	1 785 000	1 708 000	1 642 000	1 431 000
Total Equity	1 815 000	1 738 000	1 672 000	1 461 000
Total Long-Term Debt	5 297 000	5 871 000	2 000	9 000
Total Current Debt	2 686 000	1 349 000	1 737 000	679 000
Total Equity and Debt	9 798 000	8 959 000	3 411 000	2 149 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 977 000	8 765 000	7 667 000	6 294 000
Other Income	1 000	46 000	141 000	169 000
Revenue	14 978 000	8 811 000	7 809 000	6 463 000
Cost of Goods Sold	5 949 000	4 123 000	3 876 000	2 637 000
Salary Costs	4 830 000	2 926 000	2 270 000	2 678 000
Depreciation	396 000	129 000	100 000	88 000
Impairment	0	0	0	0
Expenditure	12 424 000	7 957 000	7 039 000	6 127 000
Operating Profit	2 553 000	854 000	770 000	336 000
Financial Income	6 000	0	0	1 000
Financial Costs	230 000	0	0	5 000
Financial Balance	−224 000	0	0	−4 000
Dividends	1 740 000	600 000	390 000	0
Net Income	1 817 000	667 000	601 000	298 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 194 000	3 561 000	0	0
Machinery and Plant Facilities	1 239 000	1 297 000	323 000	456 000
Fixtures	309 000	261 000	18 000	0
Total Tangible Assets	4 741 000	5 119 000	342 000	456 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 741 000	5 119 000	342 000	456 000
Stock	1 589 000	1 676 000	987 000	556 000
Total Investments	0	0	0	0
Cash, Bank	2 219 000	932 000	1 272 000	746 000
Total Current Assets	5 056 000	3 839 000	3 069 000	1 693 000
Total Assets	9 798 000	8 959 000	3 411 000	2 149 000
Total Equity	1 815 000	1 738 000	1 672 000	1 461 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 297 000	5 871 000	2 000	9 000
Creditors	322 000	501 000	429 000	99 000
Unpaid Taxes	613 000	439 000	312 000	288 000
Dividends	1 740 000	600 000	390 000	0
Other Current Debt	492 000	291 000	429 000	267 000
Total Current Debt	2 686 000	1 349 000	1 737 000	679 000
Total Equity and Debt	9 798 000	8 959 000	3 411 000	2 149 000

Financial indicators	2022	2021	2020	2019
Return on Equity	100,11 %	38,38 %	35,94 %	20,4 %
Debt-to-Equity Ratio	2,92	3,38	0	0,01
Operating Profit Margin	17,04 %	9,69 %	9,86 %	5,2 %
Current Ratio	1,88	2,85	1,77	2,49
Quick Ratio	4,61	−11,74	4,09	13,76
Equity Ratio	0,19	0,19	0,49	0,68
Gross Profit Margin	60,28 %	53,21 %	50,36 %	59,2 %