LARSEN HVITEVARESERVICE AS

1592 VÅLER I ØSTFOLD

Finances

Share Ownership

Return on Equity

83,4 %

Current Ratio

1,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 692 000	2 864 000	2 876 000	2 944 000
Net Income	216 000	323 000	345 000	301 000
Total Assets	883 000	1 080 000	1 277 000	1 328 000
Total Equity	259 000	342 000	319 000	274 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 692 000	2 864 000	2 876 000	2 944 000
Expenditure	2 414 000	2 445 000	2 413 000	2 555 000
Operating Profit	277 000	420 000	464 000	390 000
Financial Income	0	0	0	0
Financial Costs	0	5 000	22 000	5 000
Financial Balance	0	−5 000	−22 000	−5 000
Earnings Before Tax	277 000	414 000	443 000	386 000
Tax	61 000	91 000	97 000	85 000
Net Income	216 000	323 000	345 000	301 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	160 000	277 000	409 000	540 000
Total Current Assets	723 000	804 000	868 000	787 000
Total Assets	883 000	1 080 000	1 277 000	1 328 000
Total Retained Equity	229 000	312 000	289 000	244 000
Total Equity	259 000	342 000	319 000	274 000
Total Long-Term Debt	0	0	237 000	406 000
Total Current Debt	624 000	738 000	720 000	648 000
Total Equity and Debt	883 000	1 080 000	1 277 000	1 328 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 692 000	2 864 000	2 876 000	2 944 000
Other Income	0	0	0	0
Revenue	2 692 000	2 864 000	2 876 000	2 944 000
Cost of Goods Sold	825 000	935 000	985 000	995 000
Salary Costs	851 000	880 000	879 000	967 000
Depreciation	132 000	132 000	132 000	113 000
Impairment	0	0	0	0
Expenditure	2 414 000	2 445 000	2 413 000	2 555 000
Operating Profit	277 000	420 000	464 000	390 000
Financial Income	0	0	0	0
Financial Costs	0	5 000	22 000	5 000
Financial Balance	0	−5 000	−22 000	−5 000
Dividends	300 000	300 000	300 000	200 000
Net Income	216 000	323 000	345 000	301 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	4 000	9 000	14 000	19 000
Total Intangible Assets	18 000	9 000	14 000	19 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	141 000	268 000	395 000	522 000
Total Tangible Assets	141 000	268 000	395 000	522 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	160 000	277 000	409 000	540 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	531 000	639 000	681 000	515 000
Total Current Assets	723 000	804 000	868 000	787 000
Total Assets	883 000	1 080 000	1 277 000	1 328 000
Total Equity	259 000	342 000	319 000	274 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	237 000	406 000
Creditors	103 000	113 000	118 000	94 000
Unpaid Taxes	141 000	149 000	145 000	163 000
Dividends	300 000	300 000	300 000	200 000
Other Current Debt	5 000	76 000	55 000	116 000
Total Current Debt	624 000	738 000	720 000	648 000
Total Equity and Debt	883 000	1 080 000	1 277 000	1 328 000

Financial indicators	2022	2021	2020	2019
Return on Equity	83,4 %	94,44 %	108,15 %	109,85 %
Debt-to-Equity Ratio	0	0	0,74	1,48
Operating Profit Margin	10,29 %	14,66 %	16,13 %	13,25 %
Current Ratio	1,16	1,09	1,21	1,21
Quick Ratio	1,16	1,09	1,21	1,21
Equity Ratio	0,29	0,32	0,25	0,21
Gross Profit Margin	69,35 %	67,35 %	65,75 %	66,2 %