LOFOTEN APARTMENTS AS

8310 KABELVÅG

Finances

Return on Equity

19,37 %

Current Ratio

5,45

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 915 000	1 116 000	1 056 000	1 110 000
Net Income	165 000	76 000	196 000	146 000
Total Assets	1 204 000	994 000	933 000	590 000
Total Equity	852 000	687 000	611 000	415 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 915 000	1 116 000	1 056 000	1 110 000
Expenditure	1 706 000	1 021 000	809 000	921 000
Operating Profit	210 000	96 000	247 000	189 000
Financial Income	3 000	1 000	5 000	5 000
Financial Costs	0	0	0	0
Financial Balance	3 000	1 000	5 000	5 000
Earnings Before Tax	212 000	97 000	251 000	194 000
Tax	47 000	21 000	55 000	48 000
Net Income	165 000	76 000	196 000	146 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	212 000	255 000	318 000	190 000
Total Current Assets	992 000	739 000	615 000	400 000
Total Assets	1 204 000	994 000	933 000	590 000
Total Retained Equity	822 000	657 000	581 000	385 000
Total Equity	852 000	687 000	611 000	415 000
Total Long-Term Debt	169 000	171 000	169 000	8 000
Total Current Debt	182 000	137 000	153 000	167 000
Total Equity and Debt	1 204 000	994 000	933 000	590 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 915 000	0	0	9 000
Other Income	0	1 116 000	1 056 000	1 102 000
Revenue	1 915 000	1 116 000	1 056 000	1 110 000
Cost of Goods Sold	169 000	45 000	18 000	4 000
Salary Costs	437 000	230 000	126 000	304 000
Depreciation	43 000	63 000	45 000	95 000
Impairment	0	0	0	0
Expenditure	1 706 000	1 021 000	809 000	921 000
Operating Profit	210 000	96 000	247 000	189 000
Financial Income	3 000	1 000	5 000	5 000
Financial Costs	0	0	0	0
Financial Balance	3 000	1 000	5 000	5 000
Dividends	0	0	0	0
Net Income	165 000	76 000	196 000	146 000

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	212 000	255 000	318 000	190 000
Total Tangible Assets	212 000	255 000	318 000	190 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	212 000	255 000	318 000	190 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	931 000	656 000	509 000	371 000
Total Current Assets	992 000	739 000	615 000	400 000
Total Assets	1 204 000	994 000	933 000	590 000
Total Equity	852 000	687 000	611 000	415 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	169 000	171 000	169 000	8 000
Creditors	37 000	25 000	19 000	33 000
Unpaid Taxes	32 000	23 000	1 000	0
Dividends	0	0	0	0
Other Current Debt	65 000	69 000	87 000	94 000
Total Current Debt	182 000	137 000	153 000	167 000
Total Equity and Debt	1 204 000	994 000	933 000	590 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,37 %	11,06 %	32,08 %	35,18 %
Debt-to-Equity Ratio	0,2	0,25	0,28	0,02
Operating Profit Margin	10,97 %	8,6 %	23,39 %	17,03 %
Current Ratio	5,45	5,39	4,02	2,4
Quick Ratio	5,45	5,39	4,02	2,4
Equity Ratio	0,71	0,69	0,65	0,7
Gross Profit Margin	91,17 %	95,97 %	98,3 %	99,64 %