LOFOTEN AUTO AS

8300 SVOLVÆR

Finances

Share Ownership

Return on Equity

135,25 %

Current Ratio

0,94

Debt-to-Equity Ratio

−0

Key figures (NOK)	2021	2020	2019	2018
Revenue	76 645 000	63 642 000	44 330 000	34 472 000
Net Income	−564 000	−195 000	−232 000	175 000
Total Assets	7 386 000	10 648 000	6 980 000	8 275 000
Total Equity	−417 000	117 000	312 000	544 000

Income (NOK)	2021	2020	2019	2018
Revenue	76 645 000	63 642 000	44 330 000	34 472 000
Expenditure	76 782 000	63 546 000	44 325 000	34 060 000
Operating Profit	−137 000	97 000	4 000	412 000
Financial Income	29 000	6 000	7 000	7 000
Financial Costs	340 000	353 000	308 000	187 000
Financial Balance	−311 000	−347 000	−301 000	−180 000
Earnings Before Tax	−448 000	−249 000	−297 000	232 000
Tax	116 000	−54 000	−65 000	57 000
Net Income	−564 000	−195 000	−232 000	175 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	63 000	214 000	547 000	98 000
Total Current Assets	7 323 000	10 434 000	6 433 000	8 177 000
Total Assets	7 386 000	10 648 000	6 980 000	8 275 000
Total Retained Equity	−717 000	−153 000	42 000	274 000
Total Equity	−417 000	117 000	312 000	544 000
Total Long-Term Debt	0	341 000	377 000	3 000
Total Current Debt	7 803 000	10 190 000	6 291 000	7 727 000
Total Equity and Debt	7 386 000	10 648 000	6 980 000	8 275 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	76 645 000	63 642 000	44 330 000	34 472 000
Other Income	0	0	0	0
Revenue	76 645 000	63 642 000	44 330 000	34 472 000
Cost of Goods Sold	73 205 000	61 128 000	42 457 000	32 077 000
Salary Costs	2 333 000	1 425 000	1 133 000	1 237 000
Depreciation	35 000	21 000	50 000	11 000
Impairment	0	0	0	0
Expenditure	76 782 000	63 546 000	44 325 000	34 060 000
Operating Profit	−137 000	97 000	4 000	412 000
Financial Income	29 000	6 000	7 000	7 000
Financial Costs	340 000	353 000	308 000	187 000
Financial Balance	−311 000	−347 000	−301 000	−180 000
Dividends	0	0	0	0
Net Income	−564 000	−195 000	−232 000	175 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	116 000	62 000	0
Real Eastate	11 000	35 000	53 000	68 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	52 000	62 000	432 000	30 000
Total Tangible Assets	63 000	98 000	485 000	98 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	63 000	214 000	547 000	98 000
Stock	5 090 000	5 025 000	4 287 000	5 392 000
Total Investments	0	0	0	0
Cash, Bank	408 000	4 138 000	551 000	2 609 000
Total Current Assets	7 323 000	10 434 000	6 433 000	8 177 000
Total Assets	7 386 000	10 648 000	6 980 000	8 275 000
Total Equity	−417 000	117 000	312 000	544 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	341 000	377 000	3 000
Creditors	613 000	225 000	1 097 000	2 153 000
Unpaid Taxes	256 000	168 000	60 000	219 000
Dividends	0	0	0	0
Other Current Debt	907 000	2 918 000	274 000	416 000
Total Current Debt	7 803 000	10 190 000	6 291 000	7 727 000
Total Equity and Debt	7 386 000	10 648 000	6 980 000	8 275 000

Financial indicators	2021	2020	2019	2018
Return on Equity	135,25 %	−166,67 %	−74,36 %	32,17 %
Debt-to-Equity Ratio	−0	2,91	1,21	0,01
Operating Profit Margin	−0,18 %	0,15 %	0,01 %	1,2 %
Current Ratio	0,94	1,02	1,02	1,06
Quick Ratio	2,7	2,02	3,21	3,5
Equity Ratio	−0,06	0,01	0,04	0,07
Gross Profit Margin	4,49 %	3,95 %	4,23 %	6,95 %