LOVEMAR AS

8317 STRØNSTAD

Finances

Share Ownership

Return on Equity

41,6 %

Current Ratio

2,1

Debt-to-Equity Ratio

1,39

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 170 000	6 270 000	821 000	1 361 000
Net Income	674 000	494 000	21 000	30 000
Total Assets	4 688 000	4 284 000	1 096 000	733 000
Total Equity	1 620 000	946 000	452 000	181 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 170 000	6 270 000	821 000	1 361 000
Expenditure	5 195 000	5 566 000	1 060 000	1 575 000
Operating Profit	975 000	717 000	31 000	36 000
Financial Income	0	0	0	0
Financial Costs	132 000	83 000	4 000	6 000
Financial Balance	−132 000	−83 000	−4 000	−6 000
Earnings Before Tax	843 000	634 000	27 000	30 000
Tax	170 000	140 000	6 000	1 000
Net Income	674 000	494 000	21 000	30 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 964 000	1 896 000	332 000	26 000
Total Current Assets	1 724 000	2 388 000	764 000	707 000
Total Assets	4 688 000	4 284 000	1 096 000	733 000
Total Retained Equity	1 190 000	516 000	22 000	1 000
Total Equity	1 620 000	946 000	452 000	181 000
Total Long-Term Debt	2 246 000	2 036 000	7 000	1 000
Total Current Debt	822 000	1 301 000	638 000	551 000
Total Equity and Debt	4 688 000	4 284 000	1 096 000	733 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 170 000	6 170 000	821 000	1 361 000
Other Income	0	100 000	0	0
Revenue	6 170 000	6 270 000	821 000	1 361 000
Cost of Goods Sold	0	46 000	405 000	1 039 000
Salary Costs	1 883 000	1 651 000	270 000	389 000
Depreciation	1 303 000	321 000	21 000	2 000
Impairment	0	0	0	0
Expenditure	5 195 000	5 566 000	1 060 000	1 575 000
Operating Profit	975 000	717 000	31 000	36 000
Financial Income	0	0	0	0
Financial Costs	132 000	83 000	4 000	6 000
Financial Balance	−132 000	−83 000	−4 000	−6 000
Dividends	0	0	0	0
Net Income	674 000	494 000	21 000	30 000

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	1 528 000	357 000	332 000	26 000
Total Tangible Assets	2 964 000	1 896 000	332 000	26 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 964 000	1 896 000	332 000	26 000
Stock	546 000	533 000	520 000	251 000
Total Investments	0	0	0	0
Cash, Bank	962 000	1 433 000	122 000	414 000
Total Current Assets	1 724 000	2 388 000	764 000	707 000
Total Assets	4 688 000	4 284 000	1 096 000	733 000
Total Equity	1 620 000	946 000	452 000	181 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 246 000	2 036 000	7 000	1 000
Creditors	139 000	317 000	29 000	10 000
Unpaid Taxes	144 000	107 000	1 000	8 000
Dividends	0	0	0	0
Other Current Debt	925 000	744 000	608 000	534 000
Total Current Debt	822 000	1 301 000	638 000	551 000
Total Equity and Debt	4 688 000	4 284 000	1 096 000	733 000

Financial indicators	2022	2021	2020	2019
Return on Equity	41,6 %	52,22 %	4,65 %	16,57 %
Debt-to-Equity Ratio	1,39	2,15	0,02	0,01
Operating Profit Margin	15,8 %	11,44 %	3,78 %	2,65 %
Current Ratio	2,1	1,84	1,2	1,28
Quick Ratio	6,25	3,11	6,47	2,36
Equity Ratio	0,35	0,22	0,41	0,25
Gross Profit Margin	100 %	99,27 %	50,67 %	23,66 %