LOCAL TECH AS

7790 MALM

Finances

Return on Equity

−57,81 %

Current Ratio

1,31

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	471 000	148 000	33 000	176 000
Net Income	−111 000	−7 000	−109 000	41 000
Total Assets	569 000	237 000	257 000	389 000
Total Equity	192 000	53 000	60 000	168 000

Income (NOK)	2022	2021	2020	2019
Revenue	471 000	148 000	33 000	176 000
Expenditure	589 000	154 000	177 000	128 000
Operating Profit	−118 000	−6 000	−144 000	49 000
Financial Income	0	0	6 000	5 000
Financial Costs	1 000	3 000	1 000	0
Financial Balance	−1 000	−3 000	5 000	5 000
Earnings Before Tax	−119 000	−8 000	−139 000	53 000
Tax	−8 000	−2 000	−31 000	12 000
Net Income	−111 000	−7 000	−109 000	41 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	73 000	33 000	43 000	138 000
Total Current Assets	495 000	204 000	214 000	250 000
Total Assets	569 000	237 000	257 000	389 000
Total Retained Equity	−88 000	23 000	30 000	138 000
Total Equity	192 000	53 000	60 000	168 000
Total Long-Term Debt	0	8 000	10 000	3 000
Total Current Debt	377 000	176 000	188 000	218 000
Total Equity and Debt	569 000	237 000	257 000	389 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	554 000	145 000	32 000	162 000
Other Income	−84 000	4 000	1 000	14 000
Revenue	471 000	148 000	33 000	176 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	10 000	10 000	26 000	45 000
Impairment	0	0	0	0
Expenditure	589 000	154 000	177 000	128 000
Operating Profit	−118 000	−6 000	−144 000	49 000
Financial Income	0	0	6 000	5 000
Financial Costs	1 000	3 000	1 000	0
Financial Balance	−1 000	−3 000	5 000	5 000
Dividends	0	0	0	0
Net Income	−111 000	−7 000	−109 000	41 000

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	23 000	28 000	26 000
Fixtures	22 000	10 000	15 000	113 000
Total Tangible Assets	22 000	33 000	43 000	138 000
Total Fiancial Fixed Assets	51 000	0	0	0
Total Fixed Assets	73 000	33 000	43 000	138 000
Stock	0	0	0	0
Total Investments	14 000	0	0	0
Cash, Bank	15 000	13 000	3 000	11 000
Total Current Assets	495 000	204 000	214 000	250 000
Total Assets	569 000	237 000	257 000	389 000
Total Equity	192 000	53 000	60 000	168 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	8 000	10 000	3 000
Creditors	155 000	−27 000	−16 000	1 000
Unpaid Taxes	3 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	218 000	203 000	203 000	203 000
Total Current Debt	377 000	176 000	188 000	218 000
Total Equity and Debt	569 000	237 000	257 000	389 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−57,81 %	−13,21 %	−181,67 %	24,4 %
Debt-to-Equity Ratio	0	0,15	0,17	0,02
Operating Profit Margin	−25,05 %	−4,05 %	−436,36 %	27,84 %
Current Ratio	1,31	1,16	1,14	1,15
Quick Ratio	1,31	1,16	1,14	1,15
Equity Ratio	0,34	0,22	0,23	0,43
Gross Profit Margin	100 %	100 %	100 %	100 %