LETSIP NORWAY AS

6010 ÅLESUND

Finances

Share Ownership

Return on Equity

3,97 %

Current Ratio

5,38

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	578 000	878 000	327 000
Net Income	24 000	369 000	182 000
Total Assets	742 000	822 000	366 000
Total Equity	605 000	581 000	212 000

Income (NOK)	2022	2021	2020
Revenue	578 000	878 000	327 000
Expenditure	547 000	405 000	91 000
Operating Profit	31 000	472 000	237 000
Financial Income	0	0	0
Financial Costs	0	0	3 000
Financial Balance	0	0	−3 000
Earnings Before Tax	31 000	472 000	234 000
Tax	7 000	103 000	52 000
Net Income	24 000	369 000	182 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	0	2 000	0
Total Current Assets	742 000	820 000	366 000
Total Assets	742 000	822 000	366 000
Total Retained Equity	575 000	551 000	182 000
Total Equity	605 000	581 000	212 000
Total Long-Term Debt	0	0	0
Total Current Debt	138 000	241 000	154 000
Total Equity and Debt	742 000	822 000	366 000

Cash flow (NOK)	2022	2021	2020
Sales Income	558 000	878 000	327 000
Other Income	20 000	0	0
Revenue	578 000	878 000	327 000
Cost of Goods Sold	28 000	33 000	50 000
Salary Costs	337 000	248 000	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	547 000	405 000	91 000
Operating Profit	31 000	472 000	237 000
Financial Income	0	0	0
Financial Costs	0	0	3 000
Financial Balance	0	0	−3 000
Dividends	0	0	0
Net Income	24 000	369 000	182 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	2 000	0
Total Fixed Assets	0	2 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	660 000	671 000	273 000
Total Current Assets	742 000	820 000	366 000
Total Assets	742 000	822 000	366 000
Total Equity	605 000	581 000	212 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	3 000	−4 000	28 000
Unpaid Taxes	97 000	60 000	65 000
Dividends	0	0	0
Other Current Debt	31 000	81 000	9 000
Total Current Debt	138 000	241 000	154 000
Total Equity and Debt	742 000	822 000	366 000

Financial indicators	2022	2021	2020
Return on Equity	3,97 %	63,51 %	85,85 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	5,36 %	53,76 %	72,48 %
Current Ratio	5,38	3,4	2,38
Quick Ratio	5,38	3,4	2,38
Equity Ratio	0,82	0,71	0,58
Gross Profit Margin	95,16 %	96,24 %	84,71 %