LOCAL FOOD AS

3580 GEILO

Finances

Share Ownership

Return on Equity

−31,33 %

Current Ratio

0,07

Debt-to-Equity Ratio

0,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	62 000	0	55 000
Net Income	−1 340 000	−842 000	−1 976 000	−4 012 000
Total Assets	8 607 000	3 070 000	137 000	61 000
Total Equity	4 277 000	492 000	−2 445 000	−3 666 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	62 000	0	55 000
Expenditure	1 258 000	759 000	1 908 000	3 986 000
Operating Profit	−1 258 000	−698 000	−1 908 000	−3 931 000
Financial Income	25 000	5 000	0	0
Financial Costs	107 000	148 000	68 000	82 000
Financial Balance	−82 000	−143 000	−68 000	−82 000
Earnings Before Tax	−1 340 000	−842 000	−1 976 000	−4 012 000
Tax	0	0	0	0
Net Income	−1 340 000	−842 000	−1 976 000	−4 012 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 465 000	2 037 000	0	0
Total Current Assets	142 000	1 033 000	137 000	60 000
Total Assets	8 607 000	3 070 000	137 000	61 000
Total Retained Equity	−19 350 000	−18 010 000	−17 169 000	−15 193 000
Total Equity	4 277 000	492 000	−2 445 000	−3 666 000
Total Long-Term Debt	2 288 000	1 025 000	1 200 000	0
Total Current Debt	2 042 000	1 554 000	1 382 000	3 727 000
Total Equity and Debt	8 607 000	3 070 000	137 000	61 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	62 000	0	55 000
Other Income	0	0	0	0
Revenue	0	62 000	0	55 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	171 000	434 000	751 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	1 258 000	759 000	1 908 000	3 986 000
Operating Profit	−1 258 000	−698 000	−1 908 000	−3 931 000
Financial Income	25 000	5 000	0	0
Financial Costs	107 000	148 000	68 000	82 000
Financial Balance	−82 000	−143 000	−68 000	−82 000
Dividends	0	0	0	0
Net Income	−1 340 000	−842 000	−1 976 000	−4 012 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	8 465 000	2 037 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	8 465 000	2 037 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	78 000	903 000	129 000	51 000
Total Current Assets	142 000	1 033 000	137 000	60 000
Total Assets	8 607 000	3 070 000	137 000	61 000
Total Equity	4 277 000	492 000	−2 445 000	−3 666 000
Short-Term Group Debt	0	0	0	20 000
Total Long-Term Debt	2 288 000	1 025 000	1 200 000	0
Creditors	1 961 000	956 000	873 000	494 000
Unpaid Taxes	0	2 000	13 000	89 000
Dividends	0	0	0	0
Other Current Debt	81 000	595 000	496 000	2 060 000
Total Current Debt	2 042 000	1 554 000	1 382 000	3 727 000
Total Equity and Debt	8 607 000	3 070 000	137 000	61 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−31,33 %	−171,14 %	80,82 %	109,44 %
Debt-to-Equity Ratio	0,53	2,08	−0,49	−0
Operating Profit Margin	-	−1 125,81 %	-	−7 147,27 %
Current Ratio	0,07	0,66	0,1	0,02
Quick Ratio	0,07	0,66	0,1	0,02
Equity Ratio	0,5	0,16	−17,85	−60,1
Gross Profit Margin	-	100 %	-	100 %