LØVETANNAKADEMIET AS

3721 SKIEN

Finances

Share Ownership

Return on Equity

72 %

Current Ratio

0,47

Debt-to-Equity Ratio

−1,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 383 000	1 922 000	4 575 000	496 000
Net Income	−90 000	−175 000	113 000	67 000
Total Assets	244 000	339 000	1 009 000	292 000
Total Equity	−125 000	−36 000	139 000	26 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 383 000	1 922 000	4 575 000	496 000
Expenditure	1 462 000	2 088 000	4 463 000	427 000
Operating Profit	−79 000	−166 000	113 000	70 000
Financial Income	0	0	0	0
Financial Costs	11 000	8 000	0	1 000
Financial Balance	−11 000	−8 000	0	−1 000
Earnings Before Tax	−90 000	−175 000	113 000	69 000
Tax	0	0	0	2 000
Net Income	−90 000	−175 000	113 000	67 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	140 000	175 000	75 000	0
Total Current Assets	104 000	163 000	934 000	292 000
Total Assets	244 000	339 000	1 009 000	292 000
Total Retained Equity	−155 000	−66 000	109 000	−4 000
Total Equity	−125 000	−36 000	139 000	26 000
Total Long-Term Debt	146 000	172 000	410 000	0
Total Current Debt	223 000	202 000	460 000	266 000
Total Equity and Debt	244 000	339 000	1 009 000	292 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	287 000	688 000	4 575 000	436 000
Other Income	1 096 000	1 234 000	0	60 000
Revenue	1 383 000	1 922 000	4 575 000	496 000
Cost of Goods Sold	62 000	967 000	3 766 000	16 000
Salary Costs	730 000	671 000	295 000	219 000
Depreciation	34 000	18 000	0	0
Impairment	0	0	0	0
Expenditure	1 462 000	2 088 000	4 463 000	427 000
Operating Profit	−79 000	−166 000	113 000	70 000
Financial Income	0	0	0	0
Financial Costs	11 000	8 000	0	1 000
Financial Balance	−11 000	−8 000	0	−1 000
Dividends	0	0	0	0
Net Income	−90 000	−175 000	113 000	67 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	140 000	140 000	0	0
Total Tangible Assets	140 000	140 000	0	0
Total Fiancial Fixed Assets	0	35 000	75 000	0
Total Fixed Assets	140 000	175 000	75 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	69 000	133 000	729 000	242 000
Total Current Assets	104 000	163 000	934 000	292 000
Total Assets	244 000	339 000	1 009 000	292 000
Total Equity	−125 000	−36 000	139 000	26 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	146 000	172 000	410 000	0
Creditors	53 000	57 000	403 000	10 000
Unpaid Taxes	71 000	85 000	32 000	120 000
Dividends	0	0	0	0
Other Current Debt	60 000	60 000	26 000	133 000
Total Current Debt	223 000	202 000	460 000	266 000
Total Equity and Debt	244 000	339 000	1 009 000	292 000

Financial indicators	2022	2021	2020	2019
Return on Equity	72 %	486,11 %	81,29 %	257,69 %
Debt-to-Equity Ratio	−1,17	−4,78	2,95	0
Operating Profit Margin	−5,71 %	−8,64 %	2,47 %	14,11 %
Current Ratio	0,47	0,81	2,03	1,1
Quick Ratio	0,47	0,81	2,03	1,1
Equity Ratio	−0,51	−0,11	0,14	0,09
Gross Profit Margin	95,52 %	49,69 %	17,68 %	96,77 %