AS LOFOTEN SVEISEINDUSTRI

8300 SVOLVÆR

Finances

Return on Equity

164,55 %

Current Ratio

1,13

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	67 673 000	61 943 000	65 075 000	62 612 000
Net Income	7 158 000	5 040 000	9 618 000	9 289 000
Total Assets	23 444 000	22 386 000	20 898 000	22 332 000
Total Equity	4 350 000	4 212 000	4 203 000	3 945 000

Income (NOK)	2022	2021	2020	2019
Revenue	67 673 000	61 943 000	65 075 000	62 612 000
Expenditure	58 602 000	55 510 000	52 826 000	50 761 000
Operating Profit	9 071 000	6 433 000	12 248 000	11 851 000
Financial Income	109 000	29 000	83 000	60 000
Financial Costs	3 000	0	1 000	2 000
Financial Balance	106 000	29 000	82 000	58 000
Earnings Before Tax	9 177 000	6 461 000	12 331 000	11 909 000
Tax	2 019 000	1 421 000	2 713 000	2 620 000
Net Income	7 158 000	5 040 000	9 618 000	9 289 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 826 000	1 889 000	1 758 000	1 116 000
Total Current Assets	21 618 000	20 497 000	19 139 000	21 216 000
Total Assets	23 444 000	22 386 000	20 898 000	22 332 000
Total Retained Equity	3 480 000	3 342 000	3 333 000	3 075 000
Total Equity	4 350 000	4 212 000	4 203 000	3 945 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	19 094 000	18 174 000	16 694 000	18 387 000
Total Equity and Debt	23 444 000	22 386 000	20 898 000	22 332 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	67 660 000	61 918 000	65 075 000	62 612 000
Other Income	13 000	25 000	0	0
Revenue	67 673 000	61 943 000	65 075 000	62 612 000
Cost of Goods Sold	27 774 000	26 956 000	25 008 000	23 805 000
Salary Costs	21 785 000	19 959 000	19 421 000	17 726 000
Depreciation	499 000	378 000	264 000	194 000
Impairment	0	0	0	0
Expenditure	58 602 000	55 510 000	52 826 000	50 761 000
Operating Profit	9 071 000	6 433 000	12 248 000	11 851 000
Financial Income	109 000	29 000	83 000	60 000
Financial Costs	3 000	0	1 000	2 000
Financial Balance	106 000	29 000	82 000	58 000
Dividends	0	0	0	0
Net Income	7 158 000	5 040 000	9 618 000	9 289 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	164 000	156 000	157 000	131 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	13 000	42 000	78 000	113 000
Fixtures	1 562 000	1 576 000	1 381 000	701 000
Total Tangible Assets	1 575 000	1 618 000	1 458 000	814 000
Total Fiancial Fixed Assets	87 000	115 000	143 000	171 000
Total Fixed Assets	1 826 000	1 889 000	1 758 000	1 116 000
Stock	2 300 000	2 200 000	1 900 000	2 714 000
Total Investments	0	0	0	0
Cash, Bank	3 758 000	2 700 000	4 471 000	6 617 000
Total Current Assets	21 618 000	20 497 000	19 139 000	21 216 000
Total Assets	23 444 000	22 386 000	20 898 000	22 332 000
Total Equity	4 350 000	4 212 000	4 203 000	3 945 000
Short-Term Group Debt	9 000 000	6 450 000	12 000 000	10 000 000
Total Long-Term Debt	0	0	0	0
Creditors	3 203 000	5 466 000	1 363 000	2 457 000
Unpaid Taxes	1 128 000	989 000	1 002 000	677 000
Dividends	0	0	0	0
Other Current Debt	5 716 000	5 268 000	2 231 000	4 784 000
Total Current Debt	19 094 000	18 174 000	16 694 000	18 387 000
Total Equity and Debt	23 444 000	22 386 000	20 898 000	22 332 000

Financial indicators	2022	2021	2020	2019
Return on Equity	164,55 %	119,66 %	228,84 %	235,46 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	13,4 %	10,39 %	18,82 %	18,93 %
Current Ratio	1,13	1,13	1,15	1,15
Quick Ratio	1,29	1,28	1,29	1,35
Equity Ratio	0,19	0,19	0,2	0,18
Gross Profit Margin	58,96 %	56,48 %	61,57 %	61,98 %