LITHE AS

4876 GRIMSTAD

Finances

Return on Equity

63,95 %

Current Ratio

1,48

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	52 547 000	46 748 000	31 312 000	14 839 000
Net Income	5 413 000	6 332 000	3 094 000	776 000
Total Assets	23 884 000	22 542 000	18 755 000	5 851 000
Total Equity	8 465 000	11 052 000	4 720 000	1 627 000

Income (NOK)	2022	2021	2020	2019
Revenue	52 547 000	46 748 000	31 312 000	14 839 000
Expenditure	44 035 000	38 037 000	25 987 000	13 463 000
Operating Profit	7 271 000	8 337 000	4 127 000	1 041 000
Financial Income	76 000	89 000	15 000	6 000
Financial Costs	284 000	136 000	80 000	32 000
Financial Balance	−208 000	−47 000	−65 000	−26 000
Earnings Before Tax	7 063 000	8 291 000	4 062 000	1 014 000
Tax	1 650 000	1 959 000	968 000	238 000
Net Income	5 413 000	6 332 000	3 094 000	776 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 108 000	305 000	557 000	103 000
Total Current Assets	22 777 000	22 237 000	18 198 000	5 748 000
Total Assets	23 884 000	22 542 000	18 755 000	5 851 000
Total Retained Equity	8 375 000	10 962 000	4 690 000	1 597 000
Total Equity	8 465 000	11 052 000	4 720 000	1 627 000
Total Long-Term Debt	0	0	1 393 000	1 486 000
Total Current Debt	15 420 000	11 490 000	12 642 000	2 739 000
Total Equity and Debt	23 884 000	22 542 000	18 755 000	5 851 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	52 004 000	46 265 000	30 882 000	14 779 000
Other Income	543 000	483 000	430 000	61 000
Revenue	52 547 000	46 748 000	31 312 000	14 839 000
Cost of Goods Sold	28 027 000	24 872 000	17 549 000	8 550 000
Salary Costs	7 254 000	5 686 000	3 630 000	2 485 000
Depreciation	309 000	142 000	103 000	47 000
Impairment	0	0	0	0
Expenditure	44 035 000	38 037 000	25 987 000	13 463 000
Operating Profit	7 271 000	8 337 000	4 127 000	1 041 000
Financial Income	76 000	89 000	15 000	6 000
Financial Costs	284 000	136 000	80 000	32 000
Financial Balance	−208 000	−47 000	−65 000	−26 000
Dividends	0	0	0	0
Net Income	5 413 000	6 332 000	3 094 000	776 000

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	1 104 000	301 000	443 000	101 000
Total Tangible Assets	1 104 000	301 000	443 000	101 000
Total Fiancial Fixed Assets	4 000	4 000	114 000	2 000
Total Fixed Assets	1 108 000	305 000	557 000	103 000
Stock	19 456 000	13 152 000	9 029 000	4 347 000
Total Investments	0	0	0	0
Cash, Bank	1 504 000	7 746 000	4 874 000	1 239 000
Total Current Assets	22 777 000	22 237 000	18 198 000	5 748 000
Total Assets	23 884 000	22 542 000	18 755 000	5 851 000
Total Equity	8 465 000	11 052 000	4 720 000	1 627 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	1 393 000	1 486 000
Creditors	5 258 000	4 659 000	5 674 000	1 584 000
Unpaid Taxes	2 326 000	1 643 000	1 009 000	343 000
Dividends	0	0	0	0
Other Current Debt	6 025 000	2 589 000	3 990 000	574 000
Total Current Debt	15 420 000	11 490 000	12 642 000	2 739 000
Total Equity and Debt	23 884 000	22 542 000	18 755 000	5 851 000

Financial indicators	2022	2021	2020	2019
Return on Equity	63,95 %	57,29 %	65,55 %	47,7 %
Debt-to-Equity Ratio	0	0	0,3	0,91
Operating Profit Margin	13,84 %	17,83 %	13,18 %	7,02 %
Current Ratio	1,48	1,94	1,44	2,1
Quick Ratio	−5,64	−13,38	5,04	−3,57
Equity Ratio	0,35	0,49	0,25	0,28
Gross Profit Margin	46,66 %	46,8 %	43,95 %	42,38 %