LITENORDIC AS

0175 OSLO

Finances

Share Ownership

Return on Equity

40,39 %

Current Ratio

2,24

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	65 405 000	46 417 000	26 423 000	41 558 000
Net Income	2 504 000	751 000	284 000	2 238 000
Total Assets	11 244 000	8 674 000	15 981 000	17 717 000
Total Equity	6 199 000	3 695 000	2 944 000	2 660 000

Income (NOK)	2022	2021	2020	2019
Revenue	65 405 000	46 417 000	26 423 000	41 558 000
Expenditure	8 000 000	45 534 000	25 874 000	38 612 000
Operating Profit	3 280 000	883 000	549 000	2 945 000
Financial Income	31 000	101 000	290 000	1 074 000
Financial Costs	54 000	0	460 000	1 122 000
Financial Balance	−23 000	101 000	−170 000	−48 000
Earnings Before Tax	3 257 000	985 000	379 000	2 897 000
Tax	752 000	233 000	95 000	659 000
Net Income	2 504 000	751 000	284 000	2 238 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	276 000	131 000	83 000	85 000
Total Current Assets	10 968 000	8 543 000	15 898 000	17 632 000
Total Assets	11 244 000	8 674 000	15 981 000	17 717 000
Total Retained Equity	6 169 000	0	2 914 000	2 630 000
Total Equity	6 199 000	3 695 000	2 944 000	2 660 000
Total Long-Term Debt	158 000	0	0	0
Total Current Debt	4 887 000	4 979 000	13 038 000	15 057 000
Total Equity and Debt	11 244 000	8 674 000	15 981 000	17 717 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	65 403 000	46 405 000	26 423 000	41 558 000
Other Income	2 000	12 000	0	0
Revenue	65 405 000	46 417 000	26 423 000	41 558 000
Cost of Goods Sold	0	38 514 000	21 275 000	32 243 000
Salary Costs	4 791 000	4 576 000	2 457 000	3 492 000
Depreciation	37 000	23 000	21 000	10 000
Impairment	0	0	0	0
Expenditure	8 000 000	45 534 000	25 874 000	38 612 000
Operating Profit	3 280 000	883 000	549 000	2 945 000
Financial Income	31 000	101 000	290 000	1 074 000
Financial Costs	54 000	0	460 000	1 122 000
Financial Balance	−23 000	101 000	−170 000	−48 000
Dividends	0	0	0	0
Net Income	2 504 000	751 000	284 000	2 238 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	18 000	20 000	12 000	6 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	130 000	111 000	72 000	78 000
Total Tangible Assets	130 000	111 000	72 000	78 000
Total Fiancial Fixed Assets	128 000	0	0	0
Total Fixed Assets	276 000	131 000	83 000	85 000
Stock	804 000	575 000	400 000	0
Total Investments	0	0	0	0
Cash, Bank	1 292 000	1 889 000	3 385 000	2 354 000
Total Current Assets	10 968 000	8 543 000	15 898 000	17 632 000
Total Assets	11 244 000	8 674 000	15 981 000	17 717 000
Total Equity	6 199 000	3 695 000	2 944 000	2 660 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	158 000	0	0	0
Creditors	912 000	2 120 000	10 295 000	10 722 000
Unpaid Taxes	2 474 000	2 167 000	2 318 000	2 790 000
Dividends	0	0	0	0
Other Current Debt	750 000	451 000	324 000	878 000
Total Current Debt	4 887 000	4 979 000	13 038 000	15 057 000
Total Equity and Debt	11 244 000	8 674 000	15 981 000	17 717 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,39 %	20,32 %	9,65 %	84,14 %
Debt-to-Equity Ratio	0,03	0	0	0
Operating Profit Margin	5,01 %	1,9 %	2,08 %	7,09 %
Current Ratio	2,24	1,72	1,22	1,17
Quick Ratio	2,69	1,94	1,26	1,17
Equity Ratio	0,55	0,43	0,18	0,15
Gross Profit Margin	100 %	17,03 %	19,48 %	22,41 %