LTBT AS

4820 FROLAND

Finances

Share Ownership

Return on Equity

−109,89 %

Current Ratio

0,65

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 127 000	3 330 000	2 548 000	182 000
Net Income	−100 000	322 000	124 000	46 000
Total Assets	641 000	961 000	750 000	88 000
Total Equity	91 000	191 000	69 000	65 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 127 000	3 330 000	2 548 000	182 000
Expenditure	2 237 000	2 902 000	2 389 000	126 000
Operating Profit	−111 000	428 000	160 000	56 000
Financial Income	0	0	0	0
Financial Costs	17 000	15 000	1 000	0
Financial Balance	−17 000	−15 000	−1 000	0
Earnings Before Tax	−128 000	413 000	159 000	56 000
Tax	−28 000	91 000	35 000	10 000
Net Income	−100 000	322 000	124 000	46 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	280 000	349 000	172 000	0
Total Current Assets	360 000	612 000	578 000	88 000
Total Assets	641 000	961 000	750 000	88 000
Total Retained Equity	72 000	172 000	50 000	46 000
Total Equity	91 000	191 000	69 000	65 000
Total Long-Term Debt	0	18 000	9 000	0
Total Current Debt	550 000	752 000	673 000	23 000
Total Equity and Debt	641 000	961 000	750 000	88 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 127 000	3 324 000	2 548 000	182 000
Other Income	0	6 000	0	0
Revenue	2 127 000	3 330 000	2 548 000	182 000
Cost of Goods Sold	246 000	185 000	335 000	100 000
Salary Costs	1 275 000	1 847 000	1 415 000	0
Depreciation	78 000	39 000	14 000	0
Impairment	0	0	0	0
Expenditure	2 237 000	2 902 000	2 389 000	126 000
Operating Profit	−111 000	428 000	160 000	56 000
Financial Income	0	0	0	0
Financial Costs	17 000	15 000	1 000	0
Financial Balance	−17 000	−15 000	−1 000	0
Dividends	0	200 000	120 000	0
Net Income	−100 000	322 000	124 000	46 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	271 000	349 000	172 000	0
Total Tangible Assets	271 000	349 000	172 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	280 000	349 000	172 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	86 000	168 000	83 000	0
Total Current Assets	360 000	612 000	578 000	88 000
Total Assets	641 000	961 000	750 000	88 000
Total Equity	91 000	191 000	69 000	65 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	18 000	9 000	0
Creditors	42 000	25 000	69 000	0
Unpaid Taxes	307 000	285 000	303 000	13 000
Dividends	0	200 000	120 000	0
Other Current Debt	200 000	161 000	155 000	0
Total Current Debt	550 000	752 000	673 000	23 000
Total Equity and Debt	641 000	961 000	750 000	88 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−109,89 %	168,59 %	179,71 %	70,77 %
Debt-to-Equity Ratio	0	0,09	0,13	0
Operating Profit Margin	−5,22 %	12,85 %	6,28 %	30,77 %
Current Ratio	0,65	0,81	0,86	3,83
Quick Ratio	0,65	0,81	0,86	3,83
Equity Ratio	0,14	0,2	0,09	0,74
Gross Profit Margin	88,43 %	94,44 %	86,85 %	45,05 %