LØRENSKOG VVS AS

2008 FJERDINGBY

Finances

Share Ownership

Return on Equity

−7,3 %

Current Ratio

3,37

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 857 000	8 763 000	11 426 000	12 214 000
Net Income	−300 000	550 000	1 642 000	1 210 000
Total Assets	5 828 000	6 664 000	7 417 000	6 618 000
Total Equity	4 112 000	4 412 000	3 862 000	3 820 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 857 000	8 763 000	11 426 000	12 214 000
Expenditure	8 248 000	8 086 000	9 375 000	10 708 000
Operating Profit	−392 000	678 000	2 052 000	1 505 000
Financial Income	28 000	29 000	54 000	55 000
Financial Costs	18 000	1 000	1 000	7 000
Financial Balance	10 000	28 000	53 000	48 000
Earnings Before Tax	−383 000	706 000	2 105 000	1 553 000
Tax	−83 000	155 000	463 000	343 000
Net Income	−300 000	550 000	1 642 000	1 210 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	989 000	1 117 000	554 000	456 000
Total Current Assets	4 840 000	5 546 000	6 863 000	6 162 000
Total Assets	5 828 000	6 664 000	7 417 000	6 618 000
Total Retained Equity	4 012 000	4 312 000	3 762 000	3 720 000
Total Equity	4 112 000	4 412 000	3 862 000	3 820 000
Total Long-Term Debt	280 000	19 000	11 000	20 000
Total Current Debt	1 436 000	2 233 000	3 545 000	2 779 000
Total Equity and Debt	5 828 000	6 664 000	7 417 000	6 618 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 857 000	8 763 000	11 426 000	12 214 000
Other Income	0	0	0	0
Revenue	7 857 000	8 763 000	11 426 000	12 214 000
Cost of Goods Sold	2 931 000	2 743 000	3 745 000	4 201 000
Salary Costs	3 962 000	4 217 000	4 685 000	5 366 000
Depreciation	193 000	130 000	93 000	184 000
Impairment	0	0	0	0
Expenditure	8 248 000	8 086 000	9 375 000	10 708 000
Operating Profit	−392 000	678 000	2 052 000	1 505 000
Financial Income	28 000	29 000	54 000	55 000
Financial Costs	18 000	1 000	1 000	7 000
Financial Balance	10 000	28 000	53 000	48 000
Dividends	0	0	1 600 000	1 200 000
Net Income	−300 000	550 000	1 642 000	1 210 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	65 000	0	0	7 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	924 000	1 117 000	554 000	450 000
Total Tangible Assets	924 000	1 117 000	554 000	450 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	989 000	1 117 000	554 000	456 000
Stock	50 000	34 000	319 000	180 000
Total Investments	0	0	0	0
Cash, Bank	3 328 000	3 661 000	4 832 000	3 851 000
Total Current Assets	4 840 000	5 546 000	6 863 000	6 162 000
Total Assets	5 828 000	6 664 000	7 417 000	6 618 000
Total Equity	4 112 000	4 412 000	3 862 000	3 820 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	280 000	19 000	11 000	20 000
Creditors	497 000	785 000	357 000	199 000
Unpaid Taxes	530 000	645 000	486 000	473 000
Dividends	0	0	1 600 000	1 200 000
Other Current Debt	409 000	656 000	2 257 000	1 769 000
Total Current Debt	1 436 000	2 233 000	3 545 000	2 779 000
Total Equity and Debt	5 828 000	6 664 000	7 417 000	6 618 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−7,3 %	12,47 %	42,52 %	31,68 %
Debt-to-Equity Ratio	0,07	0	0	0,01
Operating Profit Margin	−4,99 %	7,74 %	17,96 %	12,32 %
Current Ratio	3,37	2,48	1,94	2,22
Quick Ratio	3,49	2,52	2,13	2,37
Equity Ratio	0,71	0,66	0,52	0,58
Gross Profit Margin	62,7 %	68,7 %	67,22 %	65,61 %