LOE ELEKTRO KOMPETANSE AS

3179 ÅSGÅRDSTRAND

Finances

Return on Equity

31,65 %

Current Ratio

3,42

Debt-to-Equity Ratio

0,83

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 489 000	1 952 000	2 024 000	2 030 000
Net Income	433 000	360 000	214 000	192 000
Total Assets	2 929 000	1 974 000	1 734 000	1 537 000
Total Equity	1 368 000	935 000	574 000	360 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 489 000	1 952 000	2 024 000	2 030 000
Expenditure	2 456 000	1 513 000	1 741 000	1 785 000
Operating Profit	1 033 000	439 000	284 000	246 000
Financial Income	281 000	20 000	0	0
Financial Costs	651 000	0	9 000	1 000
Financial Balance	−370 000	20 000	−9 000	−1 000
Earnings Before Tax	663 000	458 000	275 000	246 000
Tax	230 000	98 000	61 000	54 000
Net Income	433 000	360 000	214 000	192 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 469 000	1 115 000	1 145 000	1 050 000
Total Current Assets	1 461 000	859 000	588 000	487 000
Total Assets	2 929 000	1 974 000	1 734 000	1 537 000
Total Retained Equity	1 338 000	905 000	544 000	330 000
Total Equity	1 368 000	935 000	574 000	360 000
Total Long-Term Debt	1 135 000	0	862 000	871 000
Total Current Debt	427 000	1 039 000	297 000	306 000
Total Equity and Debt	2 929 000	1 974 000	1 734 000	1 537 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 489 000	1 944 000	2 012 000	2 030 000
Other Income	0	8 000	12 000	0
Revenue	3 489 000	1 952 000	2 024 000	2 030 000
Cost of Goods Sold	1 206 000	339 000	512 000	113 000
Salary Costs	617 000	725 000	759 000	1 186 000
Depreciation	30 000	30 000	30 000	0
Impairment	0	0	0	0
Expenditure	2 456 000	1 513 000	1 741 000	1 785 000
Operating Profit	1 033 000	439 000	284 000	246 000
Financial Income	281 000	20 000	0	0
Financial Costs	651 000	0	9 000	1 000
Financial Balance	−370 000	20 000	−9 000	−1 000
Dividends	0	0	0	0
Net Income	433 000	360 000	214 000	192 000

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	35 000	65 000	95 000	0
Total Tangible Assets	35 000	65 000	95 000	0
Total Fiancial Fixed Assets	1 434 000	1 050 000	1 050 000	1 050 000
Total Fixed Assets	1 469 000	1 115 000	1 145 000	1 050 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 181 000	630 000	339 000	310 000
Total Current Assets	1 461 000	859 000	588 000	487 000
Total Assets	2 929 000	1 974 000	1 734 000	1 537 000
Total Equity	1 368 000	935 000	574 000	360 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 135 000	0	862 000	871 000
Creditors	76 000	47 000	9 000	0
Unpaid Taxes	69 000	110 000	166 000	156 000
Dividends	0	0	0	0
Other Current Debt	52 000	785 000	61 000	96 000
Total Current Debt	427 000	1 039 000	297 000	306 000
Total Equity and Debt	2 929 000	1 974 000	1 734 000	1 537 000

Financial indicators	2022	2021	2020	2019
Return on Equity	31,65 %	38,5 %	37,28 %	53,33 %
Debt-to-Equity Ratio	0,83	0	1,5	2,42
Operating Profit Margin	29,61 %	22,49 %	14,03 %	12,12 %
Current Ratio	3,42	0,83	1,98	1,59
Quick Ratio	3,42	0,83	1,98	1,59
Equity Ratio	0,47	0,47	0,33	0,23
Gross Profit Margin	65,43 %	82,63 %	74,7 %	94,43 %