LAUNES ENTREPRENØR AS

4755 HOVDEN I SETESDAL

Finances

Share Ownership

Return on Equity

69,56 %

Current Ratio

1,25

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	30 733 000	22 348 000	20 229 000	25 014 000
Net Income	1 716 000	1 200 000	696 000	390 000
Total Assets	9 499 000	10 569 000	6 392 000	8 876 000
Total Equity	2 467 000	2 699 000	3 020 000	2 494 000

Income (NOK)	2022	2021	2020	2019
Revenue	30 733 000	22 348 000	20 229 000	25 014 000
Expenditure	28 551 000	20 796 000	19 367 000	24 386 000
Operating Profit	2 182 000	1 551 000	863 000	629 000
Financial Income	24 000	10 000	58 000	2 000
Financial Costs	0	5 000	26 000	113 000
Financial Balance	24 000	5 000	32 000	−111 000
Earnings Before Tax	2 206 000	1 557 000	894 000	518 000
Tax	491 000	356 000	199 000	128 000
Net Income	1 716 000	1 200 000	696 000	390 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	698 000	2 445 000	2 560 000	4 195 000
Total Current Assets	8 801 000	8 123 000	3 832 000	4 681 000
Total Assets	9 499 000	10 569 000	6 392 000	8 876 000
Total Retained Equity	967 000	1 199 000	1 520 000	994 000
Total Equity	2 467 000	2 699 000	3 020 000	2 494 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	7 032 000	7 869 000	3 373 000	6 382 000
Total Equity and Debt	9 499 000	10 569 000	6 392 000	8 876 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	30 733 000	22 348 000	20 229 000	25 014 000
Other Income	0	0	0	0
Revenue	30 733 000	22 348 000	20 229 000	25 014 000
Cost of Goods Sold	18 967 000	11 865 000	10 106 000	14 447 000
Salary Costs	7 113 000	6 861 000	7 348 000	8 091 000
Depreciation	155 000	153 000	139 000	129 000
Impairment	0	0	0	0
Expenditure	28 551 000	20 796 000	19 367 000	24 386 000
Operating Profit	2 182 000	1 551 000	863 000	629 000
Financial Income	24 000	10 000	58 000	2 000
Financial Costs	0	5 000	26 000	113 000
Financial Balance	24 000	5 000	32 000	−111 000
Dividends	0	0	0	0
Net Income	1 716 000	1 200 000	696 000	390 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	150 000	91 000	19 000	169 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	147 000	241 000	367 000	419 000
Fixtures	0	22 000	49 000	77 000
Total Tangible Assets	147 000	263 000	416 000	496 000
Total Fiancial Fixed Assets	400 000	2 091 000	2 125 000	3 530 000
Total Fixed Assets	698 000	2 445 000	2 560 000	4 195 000
Stock	859 000	739 000	362 000	300 000
Total Investments	0	0	0	0
Cash, Bank	1 613 000	1 785 000	1 359 000	1 427 000
Total Current Assets	8 801 000	8 123 000	3 832 000	4 681 000
Total Assets	9 499 000	10 569 000	6 392 000	8 876 000
Total Equity	2 467 000	2 699 000	3 020 000	2 494 000
Short-Term Group Debt	2 497 000	2 168 000	218 000	2 377 000
Total Long-Term Debt	0	0	0	0
Creditors	579 000	2 012 000	366 000	980 000
Unpaid Taxes	1 959 000	2 091 000	1 799 000	1 684 000
Dividends	0	0	0	0
Other Current Debt	1 997 000	1 598 000	989 000	1 342 000
Total Current Debt	7 032 000	7 869 000	3 373 000	6 382 000
Total Equity and Debt	9 499 000	10 569 000	6 392 000	8 876 000

Financial indicators	2022	2021	2020	2019
Return on Equity	69,56 %	44,46 %	23,05 %	15,64 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,1 %	6,94 %	4,27 %	2,51 %
Current Ratio	1,25	1,03	1,14	0,73
Quick Ratio	1,43	1,14	1,27	0,77
Equity Ratio	0,26	0,26	0,47	0,28
Gross Profit Margin	38,28 %	46,91 %	50,04 %	42,24 %