LOFOTEN SEAWEED COMPANY AS

8382 NAPP

Finances

Return on Equity

−169,98 %

Current Ratio

3,16

Debt-to-Equity Ratio

4,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 863 000	3 343 000	1 998 000	1 900 000
Net Income	−1 076 000	−1 240 000	160 000	373 000
Total Assets	4 289 000	6 492 000	4 691 000	951 000
Total Equity	633 000	145 000	785 000	625 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 863 000	3 343 000	1 998 000	1 900 000
Expenditure	6 929 000	4 455 000	1 729 000	1 539 000
Operating Profit	−1 067 000	−1 113 000	269 000	423 000
Financial Income	2 000	2 000	2 000	1 000
Financial Costs	12 000	141 000	89 000	1 000
Financial Balance	−10 000	−139 000	−87 000	0
Earnings Before Tax	−1 076 000	−1 252 000	182 000	423 000
Tax	0	−12 000	21 000	50 000
Net Income	−1 076 000	−1 240 000	160 000	373 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	982 000	3 310 000	3 177 000	245 000
Total Current Assets	3 308 000	3 183 000	1 513 000	707 000
Total Assets	4 289 000	6 492 000	4 691 000	951 000
Total Retained Equity	−1 810 000	−545 000	695 000	535 000
Total Equity	633 000	145 000	785 000	625 000
Total Long-Term Debt	2 609 000	5 522 000	3 258 000	9 000
Total Current Debt	1 047 000	825 000	647 000	317 000
Total Equity and Debt	4 289 000	6 492 000	4 691 000	951 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 546 000	2 855 000	1 912 000	1 900 000
Other Income	1 317 000	488 000	86 000	0
Revenue	5 863 000	3 343 000	1 998 000	1 900 000
Cost of Goods Sold	1 375 000	535 000	394 000	577 000
Salary Costs	3 167 000	2 286 000	511 000	320 000
Depreciation	97 000	118 000	134 000	35 000
Impairment	0	0	0	0
Expenditure	6 929 000	4 455 000	1 729 000	1 539 000
Operating Profit	−1 067 000	−1 113 000	269 000	423 000
Financial Income	2 000	2 000	2 000	1 000
Financial Costs	12 000	141 000	89 000	1 000
Financial Balance	−10 000	−139 000	−87 000	0
Dividends	0	0	0	0
Net Income	−1 076 000	−1 240 000	160 000	373 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	245 000	66 000	0	8 000
Real Eastate	0	2 840 000	2 900 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	481 000	255 000	151 000	98 000
Total Tangible Assets	580 000	3 206 000	3 174 000	234 000
Total Fiancial Fixed Assets	157 000	38 000	3 000	3 000
Total Fixed Assets	982 000	3 310 000	3 177 000	245 000
Stock	1 229 000	692 000	317 000	132 000
Total Investments	0	0	0	0
Cash, Bank	928 000	1 500 000	352 000	35 000
Total Current Assets	3 308 000	3 183 000	1 513 000	707 000
Total Assets	4 289 000	6 492 000	4 691 000	951 000
Total Equity	633 000	145 000	785 000	625 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 609 000	5 522 000	3 258 000	9 000
Creditors	148 000	184 000	126 000	102 000
Unpaid Taxes	179 000	110 000	111 000	57 000
Dividends	0	0	0	0
Other Current Debt	719 000	532 000	411 000	157 000
Total Current Debt	1 047 000	825 000	647 000	317 000
Total Equity and Debt	4 289 000	6 492 000	4 691 000	951 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−169,98 %	−855,17 %	20,38 %	59,68 %
Debt-to-Equity Ratio	4,12	38,08	4,15	0,01
Operating Profit Margin	−18,2 %	−33,29 %	13,46 %	22,26 %
Current Ratio	3,16	3,86	2,34	2,23
Quick Ratio	−18,18	23,93	4,58	3,82
Equity Ratio	0,15	0,02	0,17	0,66
Gross Profit Margin	76,55 %	84 %	80,28 %	69,63 %