LETNES EIENDOM AS

7650 VERDAL

Finances

Return on Equity

−23,64 %

Current Ratio

0,12

Debt-to-Equity Ratio

16,36

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 048 000	1 095 000	1 049 000	1 360 000
Net Income	−100 000	53 000	−13 000	−98 000
Total Assets	7 931 000	7 742 000	5 771 000	9 385 000
Total Equity	423 000	523 000	470 000	483 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 048 000	1 095 000	1 049 000	1 360 000
Expenditure	790 000	789 000	838 000	1 150 000
Operating Profit	258 000	305 000	212 000	209 000
Financial Income	1 000	0	0	0
Financial Costs	386 000	237 000	228 000	335 000
Financial Balance	−385 000	−237 000	−228 000	−335 000
Earnings Before Tax	−128 000	68 000	−16 000	−126 000
Tax	−28 000	15 000	−4 000	−28 000
Net Income	−100 000	53 000	−13 000	−98 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 860 000	7 718 000	5 734 000	9 263 000
Total Current Assets	71 000	24 000	37 000	122 000
Total Assets	7 931 000	7 742 000	5 771 000	9 385 000
Total Retained Equity	323 000	423 000	370 000	383 000
Total Equity	423 000	523 000	470 000	483 000
Total Long-Term Debt	6 922 000	6 806 000	5 171 000	8 207 000
Total Current Debt	586 000	413 000	130 000	695 000
Total Equity and Debt	7 931 000	7 742 000	5 771 000	9 385 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 048 000	1 095 000	1 049 000	1 360 000
Revenue	1 048 000	1 095 000	1 049 000	1 360 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	228 000	218 000	207 000	285 000
Impairment	0	0	0	496 000
Expenditure	790 000	789 000	838 000	1 150 000
Operating Profit	258 000	305 000	212 000	209 000
Financial Income	1 000	0	0	0
Financial Costs	386 000	237 000	228 000	335 000
Financial Balance	−385 000	−237 000	−228 000	−335 000
Dividends	0	0	0	200 000
Net Income	−100 000	53 000	−13 000	−98 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	559 000	531 000	546 000	569 000
Real Eastate	6 919 000	6 804 000	4 800 000	8 302 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	70 000	70 000	75 000	80 000
Total Tangible Assets	6 988 000	6 874 000	4 875 000	8 382 000
Total Fiancial Fixed Assets	313 000	313 000	313 000	313 000
Total Fixed Assets	7 860 000	7 718 000	5 734 000	9 263 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	19 000	21 000	8 000	119 000
Total Current Assets	71 000	24 000	37 000	122 000
Total Assets	7 931 000	7 742 000	5 771 000	9 385 000
Total Equity	423 000	523 000	470 000	483 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 922 000	6 806 000	5 171 000	8 207 000
Creditors	5 000	21 000	44 000	12 000
Unpaid Taxes	8 000	15 000	12 000	32 000
Dividends	0	0	0	200 000
Other Current Debt	572 000	377 000	74 000	343 000
Total Current Debt	586 000	413 000	130 000	695 000
Total Equity and Debt	7 931 000	7 742 000	5 771 000	9 385 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−23,64 %	10,13 %	−2,77 %	−20,29 %
Debt-to-Equity Ratio	16,36	13,01	11	16,99
Operating Profit Margin	24,62 %	27,85 %	20,21 %	15,37 %
Current Ratio	0,12	0,06	0,28	0,18
Quick Ratio	0,12	0,06	0,28	0,18
Equity Ratio	0,05	0,07	0,08	0,05
Gross Profit Margin	100 %	100 %	100 %	100 %