LOFITECH AS

8370 LEKNES

Finances

Share Ownership

Return on Equity

−12,44 %

Current Ratio

8,23

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 193 000	3 095 000	2 646 000	2 233 000
Net Income	−299 000	378 000	392 000	90 000
Total Assets	2 728 000	3 228 000	2 675 000	2 491 000
Total Equity	2 403 000	2 702 000	2 324 000	1 932 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 193 000	3 095 000	2 646 000	2 233 000
Expenditure	2 495 000	2 754 000	2 187 000	2 158 000
Operating Profit	−300 000	486 000	503 000	121 000
Financial Income	1 000	1 000	1 000	1 000
Financial Costs	0	3 000	2 000	7 000
Financial Balance	1 000	−2 000	−1 000	−6 000
Earnings Before Tax	−299 000	485 000	502 000	115 000
Tax	0	107 000	110 000	25 000
Net Income	−299 000	378 000	392 000	90 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	52 000	28 000	3 000	8 000
Total Current Assets	2 676 000	3 201 000	2 671 000	2 483 000
Total Assets	2 728 000	3 228 000	2 675 000	2 491 000
Total Retained Equity	2 303 000	2 602 000	2 224 000	1 832 000
Total Equity	2 403 000	2 702 000	2 324 000	1 932 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	325 000	527 000	350 000	558 000
Total Equity and Debt	2 728 000	3 228 000	2 675 000	2 491 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 193 000	3 095 000	2 646 000	2 233 000
Other Income	0	0	0	0
Revenue	2 193 000	3 095 000	2 646 000	2 233 000
Cost of Goods Sold	708 000	955 000	731 000	606 000
Salary Costs	1 394 000	1 430 000	1 032 000	1 168 000
Depreciation	15 000	10 000	4 000	4 000
Impairment	0	0	0	0
Expenditure	2 495 000	2 754 000	2 187 000	2 158 000
Operating Profit	−300 000	486 000	503 000	121 000
Financial Income	1 000	1 000	1 000	1 000
Financial Costs	0	3 000	2 000	7 000
Financial Balance	1 000	−2 000	−1 000	−6 000
Dividends	0	0	0	500 000
Net Income	−299 000	378 000	392 000	90 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	21 000	28 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	31 000	0	3 000	8 000
Total Tangible Assets	31 000	0	3 000	8 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	52 000	28 000	3 000	8 000
Stock	594 000	593 000	447 000	402 000
Total Investments	0	0	0	0
Cash, Bank	1 721 000	2 588 000	2 128 000	1 733 000
Total Current Assets	2 676 000	3 201 000	2 671 000	2 483 000
Total Assets	2 728 000	3 228 000	2 675 000	2 491 000
Total Equity	2 403 000	2 702 000	2 324 000	1 932 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	66 000	189 000	49 000	41 000
Unpaid Taxes	65 000	74 000	57 000	123 000
Dividends	0	0	0	500 000
Other Current Debt	194 000	156 000	133 000	369 000
Total Current Debt	325 000	527 000	350 000	558 000
Total Equity and Debt	2 728 000	3 228 000	2 675 000	2 491 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−12,44 %	13,99 %	16,87 %	4,66 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−13,68 %	15,7 %	19,01 %	5,42 %
Current Ratio	8,23	6,07	7,63	4,45
Quick Ratio	−9,95	−48,5	−27,54	15,92
Equity Ratio	0,88	0,84	0,87	0,78
Gross Profit Margin	67,72 %	69,14 %	72,37 %	72,86 %