LAVA ART AS

4820 FROLAND

Finances

Share Ownership

Return on Equity

−665,11 %

Current Ratio

0,94

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	36 451 000	45 844 000	36 824 000	25 723 000
Net Income	4 137 000	−4 188 000	1 780 000	−2 074 000
Total Assets	9 902 000	6 708 000	4 569 000	1 710 000
Total Equity	−622 000	−5 968 000	−1 780 000	−3 561 000

Income (NOK)	2022	2021	2020	2019
Revenue	36 451 000	45 844 000	36 824 000	25 723 000
Expenditure	32 761 000	50 633 000	35 509 000	27 787 000
Operating Profit	3 690 000	−4 789 000	1 316 000	−2 064 000
Financial Income	885 000	1 394 000	1 894 000	39 000
Financial Costs	439 000	792 000	1 430 000	49 000
Financial Balance	446 000	602 000	464 000	−10 000
Earnings Before Tax	4 137 000	−4 188 000	1 780 000	−2 074 000
Tax	0	0	0	0
Net Income	4 137 000	−4 188 000	1 780 000	−2 074 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	37 000	83 000	117 000	151 000
Total Current Assets	9 865 000	6 625 000	4 452 000	1 560 000
Total Assets	9 902 000	6 708 000	4 569 000	1 710 000
Total Retained Equity	−1 850 000	−5 986 000	−1 799 000	−3 579 000
Total Equity	−622 000	−5 968 000	−1 780 000	−3 561 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	10 524 000	12 676 000	6 349 000	5 271 000
Total Equity and Debt	9 902 000	6 708 000	4 569 000	1 710 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	36 201 000	45 844 000	36 824 000	25 723 000
Other Income	250 000	0	0	0
Revenue	36 451 000	45 844 000	36 824 000	25 723 000
Cost of Goods Sold	5 966 000	6 416 000	310 000	2 381 000
Salary Costs	0	70 000	76 000	77 000
Depreciation	34 000	34 000	34 000	31 000
Impairment	0	0	0	0
Expenditure	32 761 000	50 633 000	35 509 000	27 787 000
Operating Profit	3 690 000	−4 789 000	1 316 000	−2 064 000
Financial Income	885 000	1 394 000	1 894 000	39 000
Financial Costs	439 000	792 000	1 430 000	49 000
Financial Balance	446 000	602 000	464 000	−10 000
Dividends	0	0	0	0
Net Income	4 137 000	−4 188 000	1 780 000	−2 074 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	37 000	71 000	105 000	139 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	12 000	12 000	12 000
Total Fixed Assets	37 000	83 000	117 000	151 000
Stock	1 566 000	1 303 000	2 017 000	820 000
Total Investments	0	0	0	0
Cash, Bank	674 000	426 000	1 249 000	269 000
Total Current Assets	9 865 000	6 625 000	4 452 000	1 560 000
Total Assets	9 902 000	6 708 000	4 569 000	1 710 000
Total Equity	−622 000	−5 968 000	−1 780 000	−3 561 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	6 906 000	7 950 000	3 849 000	2 330 000
Unpaid Taxes	1 821 000	1 569 000	1 263 000	1 375 000
Dividends	0	0	0	0
Other Current Debt	1 797 000	3 157 000	1 237 000	1 565 000
Total Current Debt	10 524 000	12 676 000	6 349 000	5 271 000
Total Equity and Debt	9 902 000	6 708 000	4 569 000	1 710 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−665,11 %	70,17 %	−100 %	58,24 %
Debt-to-Equity Ratio	−0	−0	−0	−0
Operating Profit Margin	10,12 %	−10,45 %	3,57 %	−8,02 %
Current Ratio	0,94	0,52	0,7	0,3
Quick Ratio	1,1	0,58	1,03	0,35
Equity Ratio	−0,06	−0,89	−0,39	−2,08
Gross Profit Margin	83,63 %	86 %	99,16 %	90,74 %