LETTSTILLAS GRØSTAD AS

1540 VESTBY

Finances

Share Ownership

Return on Equity

9,82 %

Current Ratio

1,43

Debt-to-Equity Ratio

−1,22

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 112 000	1 110 000	3 812 000	6 878 000
Net Income	−426 000	−947 000	−1 058 000	−2 643 000
Total Assets	1 169 000	1 493 000	1 476 000	4 727 000
Total Equity	−4 340 000	−3 914 000	−2 967 000	−1 908 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 112 000	1 110 000	3 812 000	6 878 000
Expenditure	1 382 000	1 916 000	4 869 000	9 355 000
Operating Profit	−271 000	−806 000	−1 057 000	−2 478 000
Financial Income	0	11 000	14 000	25 000
Financial Costs	155 000	153 000	15 000	190 000
Financial Balance	−155 000	−142 000	−1 000	−165 000
Earnings Before Tax	−426 000	−947 000	−1 058 000	−2 643 000
Tax	0	0	0	0
Net Income	−426 000	−947 000	−1 058 000	−2 643 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	871 000	1 220 000	580 000	1 057 000
Total Current Assets	298 000	273 000	896 000	3 671 000
Total Assets	1 169 000	1 493 000	1 476 000	4 727 000
Total Retained Equity	−6 858 000	−6 432 000	−5 485 000	−4 427 000
Total Equity	−4 340 000	−3 914 000	−2 967 000	−1 908 000
Total Long-Term Debt	5 301 000	5 197 000	4 296 000	6 180 000
Total Current Debt	208 000	210 000	147 000	456 000
Total Equity and Debt	1 169 000	1 493 000	1 476 000	4 727 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 080 000	739 000	3 422 000	6 526 000
Other Income	32 000	372 000	390 000	351 000
Revenue	1 112 000	1 110 000	3 812 000	6 878 000
Cost of Goods Sold	11 000	4 000	2 479 000	4 516 000
Salary Costs	543 000	559 000	591 000	2 444 000
Depreciation	365 000	331 000	368 000	396 000
Impairment	0	0	0	0
Expenditure	1 382 000	1 916 000	4 869 000	9 355 000
Operating Profit	−271 000	−806 000	−1 057 000	−2 478 000
Financial Income	0	11 000	14 000	25 000
Financial Costs	155 000	153 000	15 000	190 000
Financial Balance	−155 000	−142 000	−1 000	−165 000
Dividends	0	0	0	0
Net Income	−426 000	−947 000	−1 058 000	−2 643 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	104 000
Machinery and Plant Facilities	44 000	45 000	123 000	0
Fixtures	827 000	1 175 000	434 000	906 000
Total Tangible Assets	871 000	1 220 000	556 000	1 009 000
Total Fiancial Fixed Assets	0	0	24 000	48 000
Total Fixed Assets	871 000	1 220 000	580 000	1 057 000
Stock	0	0	350 000	2 751 000
Total Investments	0	0	0	0
Cash, Bank	193 000	273 000	470 000	665 000
Total Current Assets	298 000	273 000	896 000	3 671 000
Total Assets	1 169 000	1 493 000	1 476 000	4 727 000
Total Equity	−4 340 000	−3 914 000	−2 967 000	−1 908 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 301 000	5 197 000	4 296 000	6 180 000
Creditors	31 000	44 000	21 000	50 000
Unpaid Taxes	87 000	55 000	65 000	206 000
Dividends	0	0	0	0
Other Current Debt	90 000	111 000	61 000	199 000
Total Current Debt	208 000	210 000	147 000	456 000
Total Equity and Debt	1 169 000	1 493 000	1 476 000	4 727 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,82 %	24,2 %	35,66 %	138,52 %
Debt-to-Equity Ratio	−1,22	−1,33	−1,45	−3,24
Operating Profit Margin	−24,37 %	−72,61 %	−27,73 %	−36,03 %
Current Ratio	1,43	1,3	6,1	8,05
Quick Ratio	1,43	1,3	−4,41	−1,6
Equity Ratio	−3,71	−2,62	−2,01	−0,4
Gross Profit Margin	99,01 %	99,64 %	34,97 %	34,34 %