LOFOTEN GLASS AS

8310 KABELVÅG

Finances

Share Ownership

Return on Equity

4,32 %

Current Ratio

0,8

Debt-to-Equity Ratio

1,97

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 262 000	1 323 000	865 000	681 000
Net Income	26 000	198 000	67 000	−3 000
Total Assets	2 715 000	1 396 000	1 133 000	963 000
Total Equity	602 000	575 000	378 000	311 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 262 000	1 323 000	865 000	681 000
Expenditure	1 293 000	928 000	813 000	759 000
Operating Profit	85 000	257 000	91 000	16 000
Financial Income	0	0	0	0
Financial Costs	51 000	4 000	5 000	20 000
Financial Balance	−51 000	−4 000	−5 000	−20 000
Earnings Before Tax	34 000	253 000	86 000	−4 000
Tax	7 000	56 000	19 000	−1 000
Net Income	26 000	198 000	67 000	−3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 971 000	310 000	369 000	436 000
Total Current Assets	743 000	1 086 000	764 000	527 000
Total Assets	2 715 000	1 396 000	1 133 000	963 000
Total Retained Equity	375 000	349 000	151 000	84 000
Total Equity	602 000	575 000	378 000	311 000
Total Long-Term Debt	1 188 000	7 000	5 000	35 000
Total Current Debt	925 000	814 000	750 000	618 000
Total Equity and Debt	2 715 000	1 396 000	1 133 000	963 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 248 000	1 330 000	856 000	677 000
Other Income	14 000	−6 000	9 000	4 000
Revenue	1 262 000	1 323 000	865 000	681 000
Cost of Goods Sold	28 000	79 000	159 000	59 000
Salary Costs	681 000	377 000	262 000	296 000
Depreciation	119 000	75 000	74 000	71 000
Impairment	0	0	0	0
Expenditure	1 293 000	928 000	813 000	759 000
Operating Profit	85 000	257 000	91 000	16 000
Financial Income	0	0	0	0
Financial Costs	51 000	4 000	5 000	20 000
Financial Balance	−51 000	−4 000	−5 000	−20 000
Dividends	0	0	0	0
Net Income	26 000	198 000	67 000	−3 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	14 000
Real Eastate	131 000	163 000	212 000	261 000
Machinery and Plant Facilities	1 490 000	0	0	0
Fixtures	351 000	147 000	157 000	162 000
Total Tangible Assets	1 971 000	310 000	369 000	422 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 971 000	310 000	369 000	436 000
Stock	274 000	158 000	296 000	233 000
Total Investments	0	0	0	0
Cash, Bank	406 000	845 000	414 000	138 000
Total Current Assets	743 000	1 086 000	764 000	527 000
Total Assets	2 715 000	1 396 000	1 133 000	963 000
Total Equity	602 000	575 000	378 000	311 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 188 000	7 000	5 000	35 000
Creditors	177 000	40 000	74 000	0
Unpaid Taxes	72 000	47 000	38 000	38 000
Dividends	0	0	0	0
Other Current Debt	672 000	673 000	638 000	580 000
Total Current Debt	925 000	814 000	750 000	618 000
Total Equity and Debt	2 715 000	1 396 000	1 133 000	963 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,32 %	34,43 %	17,72 %	−0,96 %
Debt-to-Equity Ratio	1,97	0,01	0,01	0,11
Operating Profit Margin	6,74 %	19,43 %	10,52 %	2,35 %
Current Ratio	0,8	1,33	1,02	0,85
Quick Ratio	1,14	1,66	1,68	1,37
Equity Ratio	0,22	0,41	0,33	0,32
Gross Profit Margin	97,78 %	94,03 %	81,62 %	91,34 %