LIFETIME IGNITION AS

5257 KOKSTAD

Finances

Share Ownership

Return on Equity

49,12 %

Current Ratio

0,88

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 688 000	9 175 000	3 267 000	0
Net Income	−362 000	392 000	−1 362 000	−1 400 000
Total Assets	6 228 000	4 295 000	5 002 000	1 230 000
Total Equity	−737 000	−375 000	−767 000	595 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 688 000	9 175 000	3 267 000	0
Expenditure	9 909 000	8 643 000	4 540 000	1 400 000
Operating Profit	−220 000	532 000	−1 273 000	−1 400 000
Financial Income	28 000	1 000	1 000	0
Financial Costs	170 000	141 000	90 000	0
Financial Balance	−142 000	−140 000	−89 000	0
Earnings Before Tax	−362 000	392 000	−1 362 000	−1 400 000
Tax	0	0	0	0
Net Income	−362 000	392 000	−1 362 000	−1 400 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	111 000	79 000	60 000	75 000
Total Current Assets	6 117 000	4 216 000	4 942 000	1 156 000
Total Assets	6 228 000	4 295 000	5 002 000	1 230 000
Total Retained Equity	−2 737 000	−2 375 000	−2 767 000	−1 405 000
Total Equity	−737 000	−375 000	−767 000	595 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 966 000	4 670 000	5 769 000	636 000
Total Equity and Debt	6 228 000	4 295 000	5 002 000	1 230 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 688 000	9 175 000	3 267 000	0
Other Income	0	0	0	0
Revenue	9 688 000	9 175 000	3 267 000	0
Cost of Goods Sold	6 033 000	5 873 000	1 850 000	0
Salary Costs	2 967 000	2 328 000	2 296 000	1 175 000
Depreciation	27 000	21 000	15 000	0
Impairment	0	0	0	0
Expenditure	9 909 000	8 643 000	4 540 000	1 400 000
Operating Profit	−220 000	532 000	−1 273 000	−1 400 000
Financial Income	28 000	1 000	1 000	0
Financial Costs	170 000	141 000	90 000	0
Financial Balance	−142 000	−140 000	−89 000	0
Dividends	0	0	0	0
Net Income	−362 000	392 000	−1 362 000	−1 400 000

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	111 000	79 000	60 000	75 000
Total Tangible Assets	111 000	79 000	60 000	75 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	111 000	79 000	60 000	75 000
Stock	4 802 000	2 540 000	2 903 000	0
Total Investments	0	0	0	0
Cash, Bank	117 000	76 000	1 257 000	1 156 000
Total Current Assets	6 117 000	4 216 000	4 942 000	1 156 000
Total Assets	6 228 000	4 295 000	5 002 000	1 230 000
Total Equity	−737 000	−375 000	−767 000	595 000
Short-Term Group Debt	2 500 000	340 000	3 000 000	0
Total Long-Term Debt	0	0	0	0
Creditors	2 650 000	2 666 000	2 429 000	45 000
Unpaid Taxes	218 000	153 000	132 000	482 000
Dividends	0	0	0	0
Other Current Debt	264 000	207 000	209 000	109 000
Total Current Debt	6 966 000	4 670 000	5 769 000	636 000
Total Equity and Debt	6 228 000	4 295 000	5 002 000	1 230 000

Financial indicators	2022	2021	2020	2019
Return on Equity	49,12 %	−104,53 %	177,57 %	−235,29 %
Debt-to-Equity Ratio	−0	−0	−0	0
Operating Profit Margin	−2,27 %	5,8 %	−38,97 %	-
Current Ratio	0,88	0,9	0,86	1,82
Quick Ratio	2,83	1,98	1,72	1,82
Equity Ratio	−0,12	−0,09	−0,15	0,48
Gross Profit Margin	37,73 %	35,99 %	43,37 %	-