LOFOTEN WOOL & ART AS

8340 STAMSUND

Finances

Share Ownership

Return on Equity

70,47 %

Current Ratio

1,75

Debt-to-Equity Ratio

0,92

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 885 000	2 392 000	1 678 000	1 814 000
Net Income	210 000	−77 000	−207 000	77 000
Total Assets	1 175 000	1 020 000	1 200 000	1 239 000
Total Equity	298 000	88 000	165 000	372 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 885 000	2 392 000	1 678 000	1 814 000
Expenditure	3 652 000	2 432 000	1 848 000	1 665 000
Operating Profit	233 000	−41 000	−168 000	149 000
Financial Income	9 000	2 000	1 000	1 000
Financial Costs	31 000	38 000	40 000	25 000
Financial Balance	−22 000	−36 000	−39 000	−24 000
Earnings Before Tax	210 000	−77 000	−207 000	125 000
Tax	0	0	0	48 000
Net Income	210 000	−77 000	−207 000	77 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	121 000	176 000	211 000	66 000
Total Current Assets	1 054 000	844 000	989 000	1 173 000
Total Assets	1 175 000	1 020 000	1 200 000	1 239 000
Total Retained Equity	258 000	48 000	125 000	332 000
Total Equity	298 000	88 000	165 000	372 000
Total Long-Term Debt	273 000	351 000	390 000	143 000
Total Current Debt	604 000	580 000	644 000	724 000
Total Equity and Debt	1 175 000	1 020 000	1 200 000	1 239 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 502 000	1 972 000	1 046 000	1 182 000
Other Income	383 000	420 000	631 000	631 000
Revenue	3 885 000	2 392 000	1 678 000	1 814 000
Cost of Goods Sold	492 000	588 000	484 000	410 000
Salary Costs	2 099 000	978 000	588 000	596 000
Depreciation	54 000	51 000	24 000	12 000
Impairment	0	0	0	0
Expenditure	3 652 000	2 432 000	1 848 000	1 665 000
Operating Profit	233 000	−41 000	−168 000	149 000
Financial Income	9 000	2 000	1 000	1 000
Financial Costs	31 000	38 000	40 000	25 000
Financial Balance	−22 000	−36 000	−39 000	−24 000
Dividends	0	0	0	0
Net Income	210 000	−77 000	−207 000	77 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	89 000	129 000	168 000	48 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	16 000	23 000	30 000	18 000
Fixtures	16 000	24 000	13 000	0
Total Tangible Assets	32 000	47 000	43 000	18 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	121 000	176 000	211 000	66 000
Stock	1 045 000	635 000	706 000	875 000
Total Investments	0	0	0	0
Cash, Bank	−24 000	191 000	187 000	32 000
Total Current Assets	1 054 000	844 000	989 000	1 173 000
Total Assets	1 175 000	1 020 000	1 200 000	1 239 000
Total Equity	298 000	88 000	165 000	372 000
Short-Term Group Debt	194 000	245 000	365 000	337 000
Total Long-Term Debt	273 000	351 000	390 000	143 000
Creditors	112 000	121 000	203 000	106 000
Unpaid Taxes	121 000	102 000	25 000	21 000
Dividends	0	0	0	0
Other Current Debt	177 000	113 000	52 000	75 000
Total Current Debt	604 000	580 000	644 000	724 000
Total Equity and Debt	1 175 000	1 020 000	1 200 000	1 239 000

Financial indicators	2022	2021	2020	2019
Return on Equity	70,47 %	−87,5 %	−125,45 %	20,7 %
Debt-to-Equity Ratio	0,92	3,99	2,36	0,38
Operating Profit Margin	6 %	−1,71 %	−10,01 %	8,21 %
Current Ratio	1,75	1,46	1,54	1,62
Quick Ratio	−2,39	−15,35	−15,95	−7,77
Equity Ratio	0,25	0,09	0,14	0,3
Gross Profit Margin	87,34 %	75,42 %	71,16 %	77,4 %