FRK. LOVISE AS

8800 SANDNESSJØEN

Finances

Share Ownership

Return on Equity

261,9 %

Current Ratio

0,74

Debt-to-Equity Ratio

−0,19

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 982 000	4 951 000	3 982 000	3 944 000
Net Income	−330 000	−44 000	−267 000	221 000
Total Assets	469 000	1 027 000	1 092 000	1 157 000
Total Equity	−126 000	203 000	247 000	514 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 982 000	4 951 000	3 982 000	3 944 000
Expenditure	4 308 000	4 987 000	4 244 000	3 661 000
Operating Profit	−326 000	−36 000	−262 000	283 000
Financial Income	1 000	1 000	0	1 000
Financial Costs	5 000	8 000	13 000	2 000
Financial Balance	−4 000	−7 000	−13 000	−1 000
Earnings Before Tax	−330 000	−44 000	−275 000	281 000
Tax	0	0	−8 000	60 000
Net Income	−330 000	−44 000	−267 000	221 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	45 000	138 000	209 000	241 000
Total Current Assets	424 000	888 000	882 000	915 000
Total Assets	469 000	1 027 000	1 092 000	1 157 000
Total Retained Equity	−426 000	−97 000	−53 000	214 000
Total Equity	−126 000	203 000	247 000	514 000
Total Long-Term Debt	24 000	97 000	170 000	8 000
Total Current Debt	571 000	727 000	675 000	635 000
Total Equity and Debt	469 000	1 027 000	1 092 000	1 157 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 962 000	4 756 000	3 943 000	3 939 000
Other Income	20 000	194 000	39 000	5 000
Revenue	3 982 000	4 951 000	3 982 000	3 944 000
Cost of Goods Sold	1 185 000	1 498 000	1 298 000	1 139 000
Salary Costs	2 015 000	2 364 000	1 975 000	1 632 000
Depreciation	59 000	71 000	68 000	22 000
Impairment	0	0	0	0
Expenditure	4 308 000	4 987 000	4 244 000	3 661 000
Operating Profit	−326 000	−36 000	−262 000	283 000
Financial Income	1 000	1 000	0	1 000
Financial Costs	5 000	8 000	13 000	2 000
Financial Balance	−4 000	−7 000	−13 000	−1 000
Dividends	0	0	0	0
Net Income	−330 000	−44 000	−267 000	221 000

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	45 000	103 000	174 000	206 000
Total Tangible Assets	45 000	103 000	174 000	206 000
Total Fiancial Fixed Assets	0	35 000	35 000	35 000
Total Fixed Assets	45 000	138 000	209 000	241 000
Stock	66 000	75 000	92 000	157 000
Total Investments	0	0	0	0
Cash, Bank	272 000	461 000	665 000	488 000
Total Current Assets	424 000	888 000	882 000	915 000
Total Assets	469 000	1 027 000	1 092 000	1 157 000
Total Equity	−126 000	203 000	247 000	514 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	24 000	97 000	170 000	8 000
Creditors	102 000	252 000	154 000	94 000
Unpaid Taxes	162 000	160 000	136 000	181 000
Dividends	0	0	0	0
Other Current Debt	307 000	314 000	385 000	307 000
Total Current Debt	571 000	727 000	675 000	635 000
Total Equity and Debt	469 000	1 027 000	1 092 000	1 157 000

Financial indicators	2022	2021	2020	2019
Return on Equity	261,9 %	−21,67 %	−108,1 %	43 %
Debt-to-Equity Ratio	−0,19	0,48	0,69	0,02
Operating Profit Margin	−8,19 %	−0,73 %	−6,58 %	7,18 %
Current Ratio	0,74	1,22	1,31	1,44
Quick Ratio	0,84	1,36	1,51	1,91
Equity Ratio	−0,27	0,2	0,23	0,44
Gross Profit Margin	70,24 %	69,74 %	67,4 %	71,12 %