LOCAL AS

5034 BERGEN

Finances

Share Ownership

Return on Equity

54,1 %

Current Ratio

2,04

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 452 000	2 050 000	367 000	95 000
Net Income	620 000	638 000	38 000	70 000
Total Assets	2 108 000	1 129 000	450 000	126 000
Total Equity	1 146 000	776 000	138 000	100 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 452 000	2 050 000	367 000	95 000
Expenditure	3 546 000	1 228 000	319 000	5 000
Operating Profit	906 000	822 000	49 000	90 000
Financial Income	4 000	2 000	0	0
Financial Costs	6 000	6 000	1 000	0
Financial Balance	−2 000	−4 000	−1 000	0
Earnings Before Tax	904 000	818 000	49 000	90 000
Tax	284 000	180 000	11 000	20 000
Net Income	620 000	638 000	38 000	70 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	142 000	107 000	108 000	0
Total Current Assets	1 966 000	1 022 000	342 000	126 000
Total Assets	2 108 000	1 129 000	450 000	126 000
Total Retained Equity	1 116 000	746 000	108 000	70 000
Total Equity	1 146 000	776 000	138 000	100 000
Total Long-Term Debt	0	0	3 000	0
Total Current Debt	962 000	353 000	309 000	26 000
Total Equity and Debt	2 108 000	1 129 000	450 000	126 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 402 000	1 824 000	367 000	95 000
Other Income	50 000	225 000	0	0
Revenue	4 452 000	2 050 000	367 000	95 000
Cost of Goods Sold	1 022 000	488 000	63 000	0
Salary Costs	1 482 000	374 000	5 000	0
Depreciation	44 000	41 000	16 000	0
Impairment	0	0	0	0
Expenditure	3 546 000	1 228 000	319 000	5 000
Operating Profit	906 000	822 000	49 000	90 000
Financial Income	4 000	2 000	0	0
Financial Costs	6 000	6 000	1 000	0
Financial Balance	−2 000	−4 000	−1 000	0
Dividends	250 000	0	0	0
Net Income	620 000	638 000	38 000	70 000

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	137 000	101 000	102 000	0
Total Tangible Assets	137 000	101 000	102 000	0
Total Fiancial Fixed Assets	6 000	6 000	6 000	0
Total Fixed Assets	142 000	107 000	108 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 305 000	910 000	342 000	30 000
Total Current Assets	1 966 000	1 022 000	342 000	126 000
Total Assets	2 108 000	1 129 000	450 000	126 000
Total Equity	1 146 000	776 000	138 000	100 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	3 000	0
Creditors	7 000	2 000	1 000	0
Unpaid Taxes	223 000	130 000	50 000	0
Dividends	250 000	0	0	0
Other Current Debt	198 000	38 000	250 000	6 000
Total Current Debt	962 000	353 000	309 000	26 000
Total Equity and Debt	2 108 000	1 129 000	450 000	126 000

Financial indicators	2022	2021	2020	2019
Return on Equity	54,1 %	82,22 %	27,54 %	70 %
Debt-to-Equity Ratio	0	0	0,02	0
Operating Profit Margin	20,35 %	40,1 %	13,35 %	94,74 %
Current Ratio	2,04	2,9	1,11	4,85
Quick Ratio	2,04	2,9	1,11	4,85
Equity Ratio	0,54	0,69	0,31	0,79
Gross Profit Margin	77,04 %	76,2 %	82,83 %	100 %