LØRENVANGEN UTVIKLING AS

1364 FORNEBU

Finances

Return on Equity

45,47 %

Current Ratio

1,27

Debt-to-Equity Ratio

0,27

Key figures (NOK)	2022	2021	2020	2019
Revenue	782 620 000	629 801 000	648 441 000	800 493 000
Net Income	128 029 000	96 892 000	165 200 000	224 312 000
Total Assets	1 501 008 000	947 961 000	1 031 483 000	1 211 003 000
Total Equity	281 594 000	193 564 000	176 673 000	311 473 000

Income (NOK)	2022	2021	2020	2019
Revenue	782 620 000	629 801 000	648 441 000	800 493 000
Expenditure	620 057 000	509 000 000	424 965 000	498 568 000
Operating Profit	162 564 000	120 801 000	223 475 000	301 925 000
Financial Income	1 587 000	3 662 000	1 341 000	948 000
Financial Costs	10 000	243 000	12 944 000	15 279 000
Financial Balance	1 577 000	3 419 000	−11 603 000	−14 331 000
Earnings Before Tax	164 140 000	124 220 000	211 871 000	287 594 000
Tax	36 111 000	27 328 000	46 671 000	63 282 000
Net Income	128 029 000	96 892 000	165 200 000	224 312 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	49 934 000	46 636 000	47 213 000	47 790 000
Total Current Assets	1 451 074 000	901 325 000	984 269 000	1 163 212 000
Total Assets	1 501 008 000	947 961 000	1 031 483 000	1 211 003 000
Total Retained Equity	277 765 000	189 735 000	172 844 000	207 644 000
Total Equity	281 594 000	193 564 000	176 673 000	311 473 000
Total Long-Term Debt	76 497 000	212 915 000	306 093 000	300 295 000
Total Current Debt	1 142 918 000	541 481 000	548 717 000	599 235 000
Total Equity and Debt	1 501 008 000	947 960 000	1 031 483 000	1 211 003 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	777 288 000	625 826 000	645 641 000	800 489 000
Other Income	5 332 000	3 975 000	2 800 000	3 000
Revenue	782 620 000	629 801 000	648 441 000	800 493 000
Cost of Goods Sold	608 224 000	505 197 000	420 175 000	490 260 000
Salary Costs	0	0	0	0
Depreciation	577 000	577 000	577 000	577 000
Impairment	0	0	0	0
Expenditure	620 057 000	509 000 000	424 965 000	498 568 000
Operating Profit	162 564 000	120 801 000	223 475 000	301 925 000
Financial Income	1 587 000	3 662 000	1 341 000	948 000
Financial Costs	10 000	243 000	12 944 000	15 279 000
Financial Balance	1 577 000	3 419 000	−11 603 000	−14 331 000
Dividends	40 000 000	0	0	0
Net Income	128 029 000	96 892 000	165 200 000	224 312 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	46 059 000	46 636 000	47 213 000	47 790 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	46 059 000	46 636 000	47 213 000	47 790 000
Total Fiancial Fixed Assets	3 876 000	0	0	0
Total Fixed Assets	49 934 000	46 636 000	47 213 000	47 790 000
Stock	288 291 000	377 396 000	423 615 000	424 426 000
Total Investments	0	0	0	0
Cash, Bank	53 072 000	93 554 000	237 954 000	289 765 000
Total Current Assets	1 451 074 000	901 325 000	984 269 000	1 163 212 000
Total Assets	1 501 008 000	947 961 000	1 031 483 000	1 211 003 000
Total Equity	281 594 000	193 564 000	176 673 000	311 473 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	76 497 000	212 915 000	306 093 000	300 295 000
Creditors	7 655 000	30 836 000	26 328 000	20 907 000
Unpaid Taxes	93 000	142 000	223 000	49 000
Dividends	40 000 000	0	0	0
Other Current Debt	41 934 000	5 568 000	28 687 000	67 016 000
Total Current Debt	1 142 918 000	541 481 000	548 717 000	599 235 000
Total Equity and Debt	1 501 008 000	947 960 000	1 031 483 000	1 211 003 000

Financial indicators	2022	2021	2020	2019
Return on Equity	45,47 %	50,06 %	93,51 %	72,02 %
Debt-to-Equity Ratio	0,27	1,1	1,73	0,96
Operating Profit Margin	20,77 %	19,18 %	34,46 %	37,72 %
Current Ratio	1,27	1,66	1,79	1,94
Quick Ratio	1,7	5,49	7,87	6,65
Equity Ratio	0,19	0,2	0,17	0,26
Gross Profit Margin	22,28 %	19,78 %	35,2 %	38,76 %