LARS TORE OLSEN AS

9515 ALTA

Finances

Share Ownership

Return on Equity

−47,56 %

Current Ratio

0,22

Debt-to-Equity Ratio

1,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 082 000	1 109 000	802 000	667 000
Net Income	−78 000	94 000	−83 000	28 000
Total Assets	1 834 000	1 898 000	1 887 000	1 809 000
Total Equity	164 000	242 000	148 000	231 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 082 000	1 109 000	802 000	667 000
Expenditure	1 170 000	975 000	896 000	623 000
Operating Profit	−87 000	133 000	−95 000	45 000
Financial Income	0	0	0	0
Financial Costs	13 000	13 000	12 000	9 000
Financial Balance	−13 000	−13 000	−12 000	−9 000
Earnings Before Tax	−100 000	120 000	−107 000	36 000
Tax	−22 000	26 000	−23 000	8 000
Net Income	−78 000	94 000	−83 000	28 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 517 000	1 398 000	1 551 000	1 243 000
Total Current Assets	316 000	500 000	336 000	566 000
Total Assets	1 834 000	1 898 000	1 887 000	1 809 000
Total Retained Equity	34 000	112 000	18 000	101 000
Total Equity	164 000	242 000	148 000	231 000
Total Long-Term Debt	213 000	307 000	372 000	158 000
Total Current Debt	1 457 000	1 350 000	1 367 000	1 419 000
Total Equity and Debt	1 834 000	1 898 000	1 887 000	1 809 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 040 000	1 061 000	802 000	667 000
Other Income	42 000	48 000	0	0
Revenue	1 082 000	1 109 000	802 000	667 000
Cost of Goods Sold	312 000	159 000	199 000	52 000
Salary Costs	161 000	133 000	124 000	67 000
Depreciation	267 000	255 000	199 000	180 000
Impairment	0	0	0	0
Expenditure	1 170 000	975 000	896 000	623 000
Operating Profit	−87 000	133 000	−95 000	45 000
Financial Income	0	0	0	0
Financial Costs	13 000	13 000	12 000	9 000
Financial Balance	−13 000	−13 000	−12 000	−9 000
Dividends	0	0	0	0
Net Income	−78 000	94 000	−83 000	28 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	9 000	0	13 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	482 000	758 000	787 000	1 045 000
Fixtures	919 000	482 000	540 000	14 000
Total Tangible Assets	1 401 000	1 240 000	1 327 000	1 059 000
Total Fiancial Fixed Assets	108 000	158 000	212 000	184 000
Total Fixed Assets	1 517 000	1 398 000	1 551 000	1 243 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	316 000	500 000	338 000	507 000
Total Current Assets	316 000	500 000	336 000	566 000
Total Assets	1 834 000	1 898 000	1 887 000	1 809 000
Total Equity	164 000	242 000	148 000	231 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	213 000	307 000	372 000	158 000
Creditors	25 000	14 000	25 000	219 000
Unpaid Taxes	−15 000	29 000	85 000	50 000
Dividends	0	0	0	0
Other Current Debt	1 452 000	1 311 000	1 261 000	1 155 000
Total Current Debt	1 457 000	1 350 000	1 367 000	1 419 000
Total Equity and Debt	1 834 000	1 898 000	1 887 000	1 809 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−47,56 %	38,84 %	−56,08 %	12,12 %
Debt-to-Equity Ratio	1,3	1,27	2,51	0,68
Operating Profit Margin	−8,04 %	11,99 %	−11,85 %	6,75 %
Current Ratio	0,22	0,37	0,25	0,4
Quick Ratio	0,22	0,37	0,25	0,4
Equity Ratio	0,09	0,13	0,08	0,13
Gross Profit Margin	71,16 %	85,66 %	75,19 %	92,2 %