LUTZE CONVEYING NORWAY AS

1081 OSLO

Finances

Share Ownership

Return on Equity

51,98 %

Current Ratio

1,22

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	110 915 000	82 712 000	84 231 000	76 823 000
Net Income	3 131 000	1 227 000	−641 000	1 338 000
Total Assets	30 556 000	27 592 000	25 790 000	25 111 000
Total Equity	6 023 000	2 892 000	1 666 000	2 307 000

Income (NOK)	2022	2021	2020	2019
Revenue	110 915 000	82 712 000	84 231 000	76 823 000
Expenditure	105 889 000	81 784 000	83 186 000	74 880 000
Operating Profit	5 026 000	928 000	1 045 000	1 942 000
Financial Income	613 000	1 209 000	1 548 000	225 000
Financial Costs	2 164 000	911 000	3 234 000	829 000
Financial Balance	−1 551 000	298 000	−1 686 000	−604 000
Earnings Before Tax	3 475 000	1 227 000	−641 000	1 338 000
Tax	344 000	0	0	0
Net Income	3 131 000	1 227 000	−641 000	1 338 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	527 000	498 000	431 000	336 000
Total Current Assets	30 029 000	27 094 000	25 359 000	24 775 000
Total Assets	30 556 000	27 592 000	25 790 000	25 111 000
Total Retained Equity	4 357 000	1 227 000	0	0
Total Equity	6 023 000	2 892 000	1 666 000	2 307 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	24 533 000	24 700 000	24 124 000	22 804 000
Total Equity and Debt	30 556 000	27 592 000	25 790 000	25 111 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	109 392 000	82 712 000	84 231 000	76 823 000
Other Income	1 522 000	0	0	0
Revenue	110 915 000	82 712 000	84 231 000	76 823 000
Cost of Goods Sold	56 969 000	38 830 000	42 399 000	36 349 000
Salary Costs	28 394 000	26 479 000	23 242 000	21 690 000
Depreciation	174 000	177 000	129 000	174 000
Impairment	0	0	0	0
Expenditure	105 889 000	81 784 000	83 186 000	74 880 000
Operating Profit	5 026 000	928 000	1 045 000	1 942 000
Financial Income	613 000	1 209 000	1 548 000	225 000
Financial Costs	2 164 000	911 000	3 234 000	829 000
Financial Balance	−1 551 000	298 000	−1 686 000	−604 000
Dividends	0	0	0	0
Net Income	3 131 000	1 227 000	−641 000	1 338 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	491 000	462 000	395 000	300 000
Total Tangible Assets	491 000	462 000	395 000	300 000
Total Fiancial Fixed Assets	36 000	36 000	36 000	36 000
Total Fixed Assets	527 000	498 000	431 000	336 000
Stock	11 890 000	10 210 000	9 000 000	9 430 000
Total Investments	0	0	0	0
Cash, Bank	2 310 000	3 596 000	1 999 000	1 441 000
Total Current Assets	30 029 000	27 094 000	25 359 000	24 775 000
Total Assets	30 556 000	27 592 000	25 790 000	25 111 000
Total Equity	6 023 000	2 892 000	1 666 000	2 307 000
Short-Term Group Debt	9 787 000	13 075 000	12 239 000	10 368 000
Total Long-Term Debt	0	0	0	0
Creditors	5 462 000	4 221 000	3 946 000	5 775 000
Unpaid Taxes	5 299 000	4 577 000	4 988 000	4 084 000
Dividends	0	0	0	0
Other Current Debt	3 640 000	2 827 000	2 951 000	2 577 000
Total Current Debt	24 533 000	24 700 000	24 124 000	22 804 000
Total Equity and Debt	30 556 000	27 592 000	25 790 000	25 111 000

Financial indicators	2022	2021	2020	2019
Return on Equity	51,98 %	42,43 %	−38,48 %	58 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,53 %	1,12 %	1,24 %	2,53 %
Current Ratio	1,22	1,1	1,05	1,09
Quick Ratio	2,38	1,87	1,68	1,85
Equity Ratio	0,2	0,1	0,06	0,09
Gross Profit Margin	48,64 %	53,05 %	49,66 %	52,68 %