LOFOTEN KJØLESERVICE AS

8373 BALLSTAD

Finances

Share Ownership

Return on Equity

29,59 %

Current Ratio

3,78

Debt-to-Equity Ratio

0,67

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 905 000	9 307 000	8 728 000	12 129 000
Net Income	929 000	636 000	737 000	1 555 000
Total Assets	7 099 000	6 482 000	5 820 000	5 663 000
Total Equity	3 140 000	2 212 000	1 595 000	1 307 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 905 000	9 307 000	8 728 000	12 129 000
Expenditure	8 636 000	8 415 000	7 710 000	10 082 000
Operating Profit	1 268 000	892 000	1 018 000	2 047 000
Financial Income	9 000	0	0	4 000
Financial Costs	91 000	89 000	70 000	62 000
Financial Balance	−82 000	−89 000	−70 000	−58 000
Earnings Before Tax	1 186 000	803 000	949 000	1 989 000
Tax	258 000	167 000	211 000	434 000
Net Income	929 000	636 000	737 000	1 555 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	56 000	85 000	86 000	47 000
Total Current Assets	7 044 000	6 397 000	5 734 000	5 616 000
Total Assets	7 099 000	6 482 000	5 820 000	5 663 000
Total Retained Equity	3 051 000	2 122 000	1 506 000	1 218 000
Total Equity	3 140 000	2 212 000	1 595 000	1 307 000
Total Long-Term Debt	2 097 000	2 336 000	2 503 000	1 302 000
Total Current Debt	1 862 000	1 934 000	1 723 000	3 055 000
Total Equity and Debt	7 099 000	6 482 000	5 820 000	5 663 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 875 000	9 307 000	8 728 000	12 129 000
Other Income	30 000	0	0	0
Revenue	9 905 000	9 307 000	8 728 000	12 129 000
Cost of Goods Sold	4 198 000	3 565 000	3 633 000	5 404 000
Salary Costs	3 162 000	3 492 000	2 836 000	3 472 000
Depreciation	30 000	37 000	32 000	75 000
Impairment	0	0	0	0
Expenditure	8 636 000	8 415 000	7 710 000	10 082 000
Operating Profit	1 268 000	892 000	1 018 000	2 047 000
Financial Income	9 000	0	0	4 000
Financial Costs	91 000	89 000	70 000	62 000
Financial Balance	−82 000	−89 000	−70 000	−58 000
Dividends	0	0	0	0
Net Income	929 000	636 000	737 000	1 555 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	25 000	32 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	30 000	52 000	86 000	47 000
Total Tangible Assets	30 000	52 000	86 000	47 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	56 000	85 000	86 000	47 000
Stock	2 011 000	1 735 000	876 000	1 028 000
Total Investments	0	0	0	0
Cash, Bank	3 718 000	2 840 000	3 224 000	2 281 000
Total Current Assets	7 044 000	6 397 000	5 734 000	5 616 000
Total Assets	7 099 000	6 482 000	5 820 000	5 663 000
Total Equity	3 140 000	2 212 000	1 595 000	1 307 000
Short-Term Group Debt	0	25 000	450 000	600 000
Total Long-Term Debt	2 097 000	2 336 000	2 503 000	1 302 000
Creditors	613 000	887 000	386 000	381 000
Unpaid Taxes	649 000	492 000	380 000	494 000
Dividends	0	0	0	0
Other Current Debt	342 000	368 000	296 000	1 160 000
Total Current Debt	1 862 000	1 934 000	1 723 000	3 055 000
Total Equity and Debt	7 099 000	6 482 000	5 820 000	5 663 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,59 %	28,75 %	46,21 %	118,97 %
Debt-to-Equity Ratio	0,67	1,06	1,57	1
Operating Profit Margin	12,8 %	9,58 %	11,66 %	16,88 %
Current Ratio	3,78	3,31	3,33	1,84
Quick Ratio	−47,28	32,15	6,77	2,77
Equity Ratio	0,44	0,34	0,27	0,23
Gross Profit Margin	57,62 %	61,7 %	58,38 %	55,45 %