LARS SØREIDE AS

3680 NOTODDEN

Finances

Share Ownership

Return on Equity

14,58 %

Current Ratio

3,3

Debt-to-Equity Ratio

0,52

Key figures (NOK)	2022	2021	2020	2019
Revenue	34 248 000	45 170 000	28 961 000	21 104 000
Net Income	2 784 000	3 658 000	3 776 000	−143 000
Total Assets	41 154 000	39 037 000	30 950 000	32 297 000
Total Equity	19 098 000	16 614 000	13 855 000	12 380 000

Income (NOK)	2022	2021	2020	2019
Revenue	34 248 000	45 170 000	28 961 000	21 104 000
Expenditure	30 747 000	40 283 000	25 100 000	20 571 000
Operating Profit	3 502 000	4 887 000	3 861 000	532 000
Financial Income	813 000	457 000	1 248 000	40 000
Financial Costs	744 000	662 000	1 114 000	761 000
Financial Balance	69 000	−205 000	134 000	−721 000
Earnings Before Tax	3 572 000	4 682 000	3 994 000	−189 000
Tax	788 000	1 023 000	219 000	−45 000
Net Income	2 784 000	3 658 000	3 776 000	−143 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 077 000	874 000	710 000	436 000
Total Current Assets	40 077 000	38 163 000	30 240 000	31 861 000
Total Assets	41 154 000	39 037 000	30 950 000	32 297 000
Total Retained Equity	18 198 000	15 714 000	12 955 000	11 480 000
Total Equity	19 098 000	16 614 000	13 855 000	12 380 000
Total Long-Term Debt	9 914 000	11 524 000	10 627 000	8 044 000
Total Current Debt	12 143 000	10 899 000	6 467 000	11 873 000
Total Equity and Debt	41 154 000	39 037 000	30 950 000	32 297 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	34 248 000	45 157 000	28 961 000	21 104 000
Other Income	0	13 000	0	0
Revenue	34 248 000	45 170 000	28 961 000	21 104 000
Cost of Goods Sold	25 952 000	36 135 000	22 175 000	17 815 000
Salary Costs	2 004 000	2 300 000	1 632 000	1 696 000
Depreciation	28 000	7 000	0	119 000
Impairment	0	0	0	0
Expenditure	30 747 000	40 283 000	25 100 000	20 571 000
Operating Profit	3 502 000	4 887 000	3 861 000	532 000
Financial Income	813 000	457 000	1 248 000	40 000
Financial Costs	744 000	662 000	1 114 000	761 000
Financial Balance	69 000	−205 000	134 000	−721 000
Dividends	300 000	900 000	300 000	0
Net Income	2 784 000	3 658 000	3 776 000	−143 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	183 000	291 000	202 000	421 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	387 000	76 000	0	0
Total Tangible Assets	387 000	76 000	0	0
Total Fiancial Fixed Assets	507 000	507 000	507 000	15 000
Total Fixed Assets	1 077 000	874 000	710 000	436 000
Stock	35 027 000	29 910 000	27 085 000	29 351 000
Total Investments	158 000	158 000	158 000	267 000
Cash, Bank	358 000	496 000	122 000	203 000
Total Current Assets	40 077 000	38 163 000	30 240 000	31 861 000
Total Assets	41 154 000	39 037 000	30 950 000	32 297 000
Total Equity	19 098 000	16 614 000	13 855 000	12 380 000
Short-Term Group Debt	0	0	58 000	0
Total Long-Term Debt	9 914 000	11 524 000	10 627 000	8 044 000
Creditors	4 981 000	3 539 000	1 616 000	2 436 000
Unpaid Taxes	1 719 000	2 516 000	1 620 000	1 127 000
Dividends	300 000	900 000	300 000	0
Other Current Debt	908 000	1 224 000	406 000	1 800 000
Total Current Debt	12 143 000	10 899 000	6 467 000	11 873 000
Total Equity and Debt	41 154 000	39 037 000	30 950 000	32 297 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,58 %	22,02 %	27,25 %	−1,16 %
Debt-to-Equity Ratio	0,52	0,69	0,77	0,65
Operating Profit Margin	10,23 %	10,82 %	13,33 %	2,52 %
Current Ratio	3,3	3,5	4,68	2,68
Quick Ratio	−1,75	−2,01	−1,47	−1,82
Equity Ratio	0,46	0,43	0,45	0,38
Gross Profit Margin	24,22 %	20 %	23,43 %	15,58 %