LØVÅS RØR AS

3477 BÅTSTØ

Finances

Return on Equity

142 %

Current Ratio

1,17

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	10 715 000	4 808 000	4 040 000	4 051 000
Net Income	595 000	−412 000	91 000	278 000
Total Assets	2 792 000	755 000	891 000	842 000
Total Equity	419 000	−176 000	236 000	144 000

Income (NOK)	2022	2021	2020	2019
Revenue	10 715 000	4 808 000	4 040 000	4 051 000
Expenditure	10 069 000	5 220 000	3 924 000	3 699 000
Operating Profit	645 000	−412 000	116 000	352 000
Financial Income	10 000	1 000	1 000	1 000
Financial Costs	−5 000	0	0	0
Financial Balance	15 000	1 000	1 000	1 000
Earnings Before Tax	661 000	−412 000	117 000	353 000
Tax	66 000	0	26 000	75 000
Net Income	595 000	−412 000	91 000	278 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	20 000	61 000	155 000	194 000
Total Current Assets	2 772 000	694 000	736 000	648 000
Total Assets	2 792 000	755 000	891 000	842 000
Total Retained Equity	389 000	−206 000	206 000	114 000
Total Equity	419 000	−176 000	236 000	144 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 373 000	931 000	655 000	697 000
Total Equity and Debt	2 792 000	755 000	891 000	842 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	10 216 000	4 778 000	4 040 000	4 051 000
Other Income	500 000	30 000	0	0
Revenue	10 715 000	4 808 000	4 040 000	4 051 000
Cost of Goods Sold	5 078 000	2 571 000	2 179 000	2 241 000
Salary Costs	2 772 000	1 566 000	1 059 000	807 000
Depreciation	61 000	15 000	39 000	48 000
Impairment	0	0	0	0
Expenditure	10 069 000	5 220 000	3 924 000	3 699 000
Operating Profit	645 000	−412 000	116 000	352 000
Financial Income	10 000	1 000	1 000	1 000
Financial Costs	−5 000	0	0	0
Financial Balance	15 000	1 000	1 000	1 000
Dividends	0	0	0	165 000
Net Income	595 000	−412 000	91 000	278 000

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	0	61 000	155 000	194 000
Total Tangible Assets	0	61 000	155 000	194 000
Total Fiancial Fixed Assets	20 000	0	0	0
Total Fixed Assets	20 000	61 000	155 000	194 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 189 000	161 000	201 000	362 000
Total Current Assets	2 772 000	694 000	736 000	648 000
Total Assets	2 792 000	755 000	891 000	842 000
Total Equity	419 000	−176 000	236 000	144 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 120 000	390 000	207 000	274 000
Unpaid Taxes	700 000	262 000	232 000	111 000
Dividends	0	0	0	165 000
Other Current Debt	487 000	279 000	190 000	72 000
Total Current Debt	2 373 000	931 000	655 000	697 000
Total Equity and Debt	2 792 000	755 000	891 000	842 000

Financial indicators	2022	2021	2020	2019
Return on Equity	142 %	234,09 %	38,56 %	193,06 %
Debt-to-Equity Ratio	0	−0	0	0
Operating Profit Margin	6,02 %	−8,57 %	2,87 %	8,69 %
Current Ratio	1,17	0,75	1,12	0,93
Quick Ratio	1,17	0,75	1,12	0,93
Equity Ratio	0,15	−0,23	0,26	0,17
Gross Profit Margin	52,61 %	46,53 %	46,06 %	44,68 %