LARSEN REAL ESTATE AS

3046 DRAMMEN

Finances

Return on Equity

−48,08 %

Current Ratio

4,74

Debt-to-Equity Ratio

51,9

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 376 000	2 463 000	2 719 000	2 623 000
Net Income	−276 000	813 000	577 000	1 000
Total Assets	30 970 000	32 411 000	33 557 000	34 197 000
Total Equity	574 000	850 000	1 027 000	450 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 376 000	2 463 000	2 719 000	2 623 000
Expenditure	1 563 000	1 426 000	1 678 000	1 796 000
Operating Profit	812 000	1 037 000	1 040 000	826 000
Financial Income	48 000	363 000	251 000	37 000
Financial Costs	1 134 000	451 000	622 000	862 000
Financial Balance	−1 086 000	−88 000	−371 000	−825 000
Earnings Before Tax	−274 000	948 000	670 000	1 000
Tax	2 000	135 000	93 000	0
Net Income	−276 000	813 000	577 000	1 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	28 102 000	29 161 000	30 585 000	33 021 000
Total Current Assets	2 868 000	3 249 000	2 972 000	1 176 000
Total Assets	30 970 000	32 411 000	33 557 000	34 197 000
Total Retained Equity	542 000	818 000	995 000	418 000
Total Equity	574 000	850 000	1 027 000	450 000
Total Long-Term Debt	29 792 000	30 972 000	31 468 000	32 996 000
Total Current Debt	605 000	589 000	1 062 000	752 000
Total Equity and Debt	30 970 000	32 411 000	33 557 000	34 197 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	41 000	57 000	99 000	46 000
Other Income	2 335 000	2 406 000	2 619 000	2 576 000
Revenue	2 376 000	2 463 000	2 719 000	2 623 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 000	1 000	1 000	1 000
Depreciation	311 000	311 000	311 000	345 000
Impairment	0	0	0	0
Expenditure	1 563 000	1 426 000	1 678 000	1 796 000
Operating Profit	812 000	1 037 000	1 040 000	826 000
Financial Income	48 000	363 000	251 000	37 000
Financial Costs	1 134 000	451 000	622 000	862 000
Financial Balance	−1 086 000	−88 000	−371 000	−825 000
Dividends	0	990 000	0	0
Net Income	−276 000	813 000	577 000	1 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	17 272 000	17 584 000	17 895 000	20 657 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	17 272 000	17 584 000	17 895 000	20 657 000
Total Fiancial Fixed Assets	10 830 000	11 577 000	12 690 000	12 364 000
Total Fixed Assets	28 102 000	29 161 000	30 585 000	33 021 000
Stock	0	0	0	0
Total Investments	2 315 000	2 594 000	2 200 000	0
Cash, Bank	410 000	518 000	643 000	1 038 000
Total Current Assets	2 868 000	3 249 000	2 972 000	1 176 000
Total Assets	30 970 000	32 411 000	33 557 000	34 197 000
Total Equity	574 000	850 000	1 027 000	450 000
Short-Term Group Debt	0	0	614 000	374 000
Total Long-Term Debt	29 792 000	30 972 000	31 468 000	32 996 000
Creditors	49 000	66 000	59 000	13 000
Unpaid Taxes	1 000	1 000	1 000	1 000
Dividends	0	990 000	0	0
Other Current Debt	547 000	383 000	324 000	363 000
Total Current Debt	605 000	589 000	1 062 000	752 000
Total Equity and Debt	30 970 000	32 411 000	33 557 000	34 197 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−48,08 %	95,65 %	56,18 %	0,22 %
Debt-to-Equity Ratio	51,9	36,44	30,64	73,32
Operating Profit Margin	34,18 %	42,1 %	38,25 %	31,49 %
Current Ratio	4,74	5,52	2,8	1,56
Quick Ratio	4,74	5,52	2,8	1,56
Equity Ratio	0,02	0,03	0,03	0,01
Gross Profit Margin	100 %	100 %	100 %	100 %