LOFOT-ING AS

8370 LEKNES

Finances

Return on Equity

−7,82 %

Current Ratio

3,11

Debt-to-Equity Ratio

1,52

Key figures (NOK)	2022	2021	2020	2019
Revenue	234 000	448 000	1 256 000	2 342 000
Net Income	−101 000	340 000	−179 000	249 000
Total Assets	3 478 000	4 666 000	1 505 000	1 992 000
Total Equity	1 291 000	1 391 000	1 051 000	1 230 000

Income (NOK)	2022	2021	2020	2019
Revenue	234 000	448 000	1 256 000	2 342 000
Expenditure	233 000	456 000	1 491 000	1 972 000
Operating Profit	2 000	−8 000	−235 000	370 000
Financial Income	0	360 000	12 000	7 000
Financial Costs	102 000	12 000	7 000	9 000
Financial Balance	−102 000	348 000	5 000	−2 000
Earnings Before Tax	−101 000	340 000	−231 000	368 000
Tax	0	0	−52 000	119 000
Net Income	−101 000	340 000	−179 000	249 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 787 000	3 111 000	825 000	317 000
Total Current Assets	691 000	1 554 000	680 000	1 675 000
Total Assets	3 478 000	4 666 000	1 505 000	1 992 000
Total Retained Equity	1 231 000	1 340 000	1 000 000	1 179 000
Total Equity	1 291 000	1 391 000	1 051 000	1 230 000
Total Long-Term Debt	1 966 000	3 078 000	223 000	255 000
Total Current Debt	222 000	197 000	231 000	507 000
Total Equity and Debt	3 478 000	4 666 000	1 505 000	1 992 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	88 000	510 000	1 934 000	2 189 000
Other Income	146 000	−62 000	−678 000	153 000
Revenue	234 000	448 000	1 256 000	2 342 000
Cost of Goods Sold	5 000	7 000	9 000	16 000
Salary Costs	26 000	147 000	1 161 000	1 365 000
Depreciation	124 000	74 000	67 000	48 000
Impairment	0	0	0	0
Expenditure	233 000	456 000	1 491 000	1 972 000
Operating Profit	2 000	−8 000	−235 000	370 000
Financial Income	0	360 000	12 000	7 000
Financial Costs	102 000	12 000	7 000	9 000
Financial Balance	−102 000	348 000	5 000	−2 000
Dividends	0	0	0	0
Net Income	−101 000	340 000	−179 000	249 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 780 000	2 878 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	4 000	230 000	297 000	317 000
Total Tangible Assets	2 784 000	3 108 000	297 000	317 000
Total Fiancial Fixed Assets	3 000	3 000	528 000	0
Total Fixed Assets	2 787 000	3 111 000	825 000	317 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	295 000	319 000	143 000	1 005 000
Total Current Assets	691 000	1 554 000	680 000	1 675 000
Total Assets	3 478 000	4 666 000	1 505 000	1 992 000
Total Equity	1 291 000	1 391 000	1 051 000	1 230 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 966 000	3 078 000	223 000	255 000
Creditors	21 000	41 000	4 000	10 000
Unpaid Taxes	2 000	8 000	56 000	158 000
Dividends	0	0	0	0
Other Current Debt	198 000	147 000	170 000	220 000
Total Current Debt	222 000	197 000	231 000	507 000
Total Equity and Debt	3 478 000	4 666 000	1 505 000	1 992 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−7,82 %	24,44 %	−17,03 %	20,24 %
Debt-to-Equity Ratio	1,52	2,21	0,21	0,21
Operating Profit Margin	0,85 %	−1,79 %	−18,71 %	15,8 %
Current Ratio	3,11	7,89	2,94	3,3
Quick Ratio	3,11	7,89	2,94	3,3
Equity Ratio	0,37	0,3	0,7	0,62
Gross Profit Margin	97,86 %	98,44 %	99,28 %	99,32 %