LOFOTTEINA AS

8392 SØRVÅGEN

Finances

Return on Equity

55,5 %

Current Ratio

0,22

Debt-to-Equity Ratio

−2,85

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 000	1 043 000	148 000	300 000
Net Income	−822 000	−1 071 000	−1 114 000	−4 000
Total Assets	4 592 000	4 777 000	3 022 000	30 000
Total Equity	−1 481 000	−659 000	412 000	26 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 000	1 043 000	148 000	300 000
Expenditure	703 000	1 910 000	1 257 000	304 000
Operating Profit	−687 000	−868 000	−1 109 000	−4 000
Financial Income	0	−12 000	0	0
Financial Costs	135 000	191 000	5 000	0
Financial Balance	−135 000	−203 000	−5 000	0
Earnings Before Tax	−822 000	−1 071 000	−1 114 000	−4 000
Tax	0	0	0	0
Net Income	−822 000	−1 071 000	−1 114 000	−4 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 190 000	4 304 000	1 947 000	0
Total Current Assets	403 000	473 000	1 075 000	30 000
Total Assets	4 592 000	4 777 000	3 022 000	30 000
Total Retained Equity	−1 518 000	−2 189 000	−1 118 000	−4 000
Total Equity	−1 481 000	−659 000	412 000	26 000
Total Long-Term Debt	4 225 000	3 107 000	2 388 000	0
Total Current Debt	1 848 000	2 329 000	222 000	4 000
Total Equity and Debt	4 592 000	4 777 000	3 022 000	30 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	−19 000	168 000	2 000	0
Other Income	35 000	875 000	146 000	300 000
Revenue	16 000	1 043 000	148 000	300 000
Cost of Goods Sold	93 000	119 000	0	0
Salary Costs	81 000	1 234 000	662 000	0
Depreciation	290 000	230 000	76 000	0
Impairment	0	0	0	0
Expenditure	703 000	1 910 000	1 257 000	304 000
Operating Profit	−687 000	−868 000	−1 109 000	−4 000
Financial Income	0	−12 000	0	0
Financial Costs	135 000	191 000	5 000	0
Financial Balance	−135 000	−203 000	−5 000	0
Dividends	0	0	0	0
Net Income	−822 000	−1 071 000	−1 114 000	−4 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	396 000	351 000	246 000	0
Real Eastate	821 000	821 000	821 000	0
Machinery and Plant Facilities	2 873 000	3 033 000	880 000	0
Fixtures	0	0	0	0
Total Tangible Assets	3 694 000	3 854 000	1 701 000	0
Total Fiancial Fixed Assets	100 000	100 000	0	0
Total Fixed Assets	4 190 000	4 304 000	1 947 000	0
Stock	327 000	384 000	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	761 000	29 000
Total Current Assets	403 000	473 000	1 075 000	30 000
Total Assets	4 592 000	4 777 000	3 022 000	30 000
Total Equity	−1 481 000	−659 000	412 000	26 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 225 000	3 107 000	2 388 000	0
Creditors	558 000	319 000	93 000	0
Unpaid Taxes	24 000	0	60 000	0
Dividends	0	0	0	0
Other Current Debt	229 000	220 000	68 000	4 000
Total Current Debt	1 848 000	2 329 000	222 000	4 000
Total Equity and Debt	4 592 000	4 777 000	3 022 000	30 000

Financial indicators	2022	2021	2020	2019
Return on Equity	55,5 %	162,52 %	−270,39 %	−15,38 %
Debt-to-Equity Ratio	−2,85	−4,71	5,8	0
Operating Profit Margin	−4 293,75 %	−83,22 %	−749,32 %	−1,33 %
Current Ratio	0,22	0,2	4,84	7,5
Quick Ratio	0,26	0,24	4,84	7,5
Equity Ratio	−0,32	−0,14	0,14	0,87
Gross Profit Margin	−481,25 %	88,59 %	100 %	100 %