LETNES HOLDING AS

7053 RANHEIM

Finances

Share Ownership

Return on Equity

71,43 %

Current Ratio

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	149 000	196 000	96 000	96 000
Net Income	30 000	42 000	−21 000	−45 000
Total Assets	45 000	67 000	47 000	91 000
Total Equity	42 000	12 000	−31 000	−39 000

Income (NOK)	2022	2021	2020	2019
Revenue	149 000	196 000	96 000	96 000
Expenditure	108 000	135 000	109 000	142 000
Operating Profit	41 000	60 000	−13 000	−46 000
Financial Income	0	0	0	0
Financial Costs	2 000	5 000	6 000	12 000
Financial Balance	−2 000	−5 000	−6 000	−12 000
Earnings Before Tax	39 000	54 000	−19 000	−58 000
Tax	9 000	12 000	2 000	−13 000
Net Income	30 000	42 000	−21 000	−45 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	9 000	17 000	37 000	59 000
Total Current Assets	36 000	50 000	10 000	31 000
Total Assets	45 000	67 000	47 000	91 000
Total Retained Equity	12 000	−19 000	−61 000	−69 000
Total Equity	42 000	12 000	−31 000	−39 000
Total Long-Term Debt	0	51 000	78 000	99 000
Total Current Debt	3 000	4 000	0	30 000
Total Equity and Debt	45 000	67 000	47 000	91 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	120 000	166 000	14 000	59 000
Other Income	29 000	30 000	82 000	37 000
Revenue	149 000	196 000	96 000	96 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	8 000	20 000	20 000
Impairment	0	0	0	0
Expenditure	108 000	135 000	109 000	142 000
Operating Profit	41 000	60 000	−13 000	−46 000
Financial Income	0	0	0	0
Financial Costs	2 000	5 000	6 000	12 000
Financial Balance	−2 000	−5 000	−6 000	−12 000
Dividends	0	0	0	0
Net Income	30 000	42 000	−21 000	−45 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	8 000	20 000	22 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	8 000	28 000
Total Tangible Assets	0	0	8 000	28 000
Total Fiancial Fixed Assets	9 000	9 000	9 000	9 000
Total Fixed Assets	9 000	17 000	37 000	59 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	36 000	50 000	3 000	7 000
Total Current Assets	36 000	50 000	10 000	31 000
Total Assets	45 000	67 000	47 000	91 000
Total Equity	42 000	12 000	−31 000	−39 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	51 000	78 000	99 000
Creditors	3 000	4 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	30 000
Total Current Debt	3 000	4 000	0	30 000
Total Equity and Debt	45 000	67 000	47 000	91 000

Financial indicators	2022	2021	2020	2019
Return on Equity	71,43 %	350 %	67,74 %	115,38 %
Debt-to-Equity Ratio	0	4,25	−2,52	−2,54
Operating Profit Margin	27,52 %	30,61 %	−13,54 %	−47,92 %
Current Ratio	12	12,5	-	1,03
Quick Ratio	12	12,5	-	1,03
Equity Ratio	0,93	0,18	−0,66	−0,43
Gross Profit Margin	100 %	100 %	100 %	100 %