LOFOTEN MARINE OILS AS

8373 BALLSTAD

Finances

Share Ownership

Return on Equity

6,48 %

Current Ratio

0,19

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 969 000	10 988 000	14 028 000	17 373 000
Net Income	1 119 000	494 000	−34 000	1 995 000
Total Assets	26 049 000	30 791 000	31 241 000	33 186 000
Total Equity	17 273 000	21 154 000	20 660 000	20 694 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 969 000	10 988 000	14 028 000	17 373 000
Expenditure	13 292 000	10 109 000	13 700 000	14 452 000
Operating Profit	1 678 000	879 000	329 000	3 006 000
Financial Income	41 000	6 000	9 000	23 000
Financial Costs	285 000	252 000	381 000	468 000
Financial Balance	−244 000	−246 000	−372 000	−445 000
Earnings Before Tax	1 434 000	633 000	−43 000	2 561 000
Tax	316 000	139 000	−8 000	566 000
Net Income	1 119 000	494 000	−34 000	1 995 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	24 620 000	26 021 000	27 833 000	29 534 000
Total Current Assets	1 429 000	4 770 000	3 408 000	3 652 000
Total Assets	26 049 000	30 791 000	31 241 000	33 186 000
Total Retained Equity	17 173 000	21 054 000	20 560 000	20 594 000
Total Equity	17 273 000	21 154 000	20 660 000	20 694 000
Total Long-Term Debt	1 127 000	8 752 000	9 986 000	11 178 000
Total Current Debt	7 649 000	885 000	595 000	1 314 000
Total Equity and Debt	26 049 000	30 791 000	31 241 000	33 186 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 371 000	8 321 000	11 581 000	15 102 000
Other Income	2 599 000	2 667 000	2 447 000	2 271 000
Revenue	14 969 000	10 988 000	14 028 000	17 373 000
Cost of Goods Sold	6 206 000	3 304 000	6 796 000	7 953 000
Salary Costs	2 528 000	2 472 000	2 245 000	2 311 000
Depreciation	2 232 000	2 221 000	2 231 000	2 126 000
Impairment	0	0	0	0
Expenditure	13 292 000	10 109 000	13 700 000	14 452 000
Operating Profit	1 678 000	879 000	329 000	3 006 000
Financial Income	41 000	6 000	9 000	23 000
Financial Costs	285 000	252 000	381 000	468 000
Financial Balance	−244 000	−246 000	−372 000	−445 000
Dividends	5 000 000	0	0	0
Net Income	1 119 000	494 000	−34 000	1 995 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	20 382 000	20 844 000	21 619 000	22 455 000
Machinery and Plant Facilities	4 238 000	5 177 000	6 214 000	7 079 000
Fixtures	0	0	0	0
Total Tangible Assets	24 620 000	26 021 000	27 833 000	29 534 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	24 620 000	26 021 000	27 833 000	29 534 000
Stock	198 000	156 000	142 000	115 000
Total Investments	0	0	0	0
Cash, Bank	662 000	4 551 000	3 163 000	3 448 000
Total Current Assets	1 429 000	4 770 000	3 408 000	3 652 000
Total Assets	26 049 000	30 791 000	31 241 000	33 186 000
Total Equity	17 273 000	21 154 000	20 660 000	20 694 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 127 000	8 752 000	9 986 000	11 178 000
Creditors	360 000	196 000	139 000	255 000
Unpaid Taxes	133 000	165 000	119 000	99 000
Dividends	5 000 000	0	0	0
Other Current Debt	1 698 000	279 000	282 000	403 000
Total Current Debt	7 649 000	885 000	595 000	1 314 000
Total Equity and Debt	26 049 000	30 791 000	31 241 000	33 186 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,48 %	2,34 %	−0,16 %	9,64 %
Debt-to-Equity Ratio	0,07	0,41	0,48	0,54
Operating Profit Margin	11,21 %	8 %	2,35 %	17,3 %
Current Ratio	0,19	5,39	5,73	2,78
Quick Ratio	0,19	6,54	7,52	3,05
Equity Ratio	0,66	0,69	0,66	0,62
Gross Profit Margin	58,54 %	69,93 %	51,55 %	54,22 %