LARSEN OIL & GAS AS

0161 OSLO

Finances

Return on Equity

−8,35 %

Current Ratio

3,38

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 024 000	2 762 000	2 028 000	2 481 000
Net Income	−10 136 000	−25 014 000	70 587 000	3 666 000
Total Assets	165 351 000	172 385 000	229 719 000	148 995 000
Total Equity	121 410 000	130 102 000	153 098 000	75 872 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 024 000	2 762 000	2 028 000	2 481 000
Expenditure	8 320 000	8 241 000	10 981 000	12 073 000
Operating Profit	−6 296 000	−5 479 000	−8 953 000	−9 591 000
Financial Income	−1 239 000	−19 284 000	80 687 000	1 025 000
Financial Costs	3 008 000	748 000	3 019 000	−11 004 000
Financial Balance	−4 247 000	−20 032 000	77 668 000	12 029 000
Earnings Before Tax	−10 543 000	−25 511 000	68 714 000	2 438 000
Tax	−407 000	−497 000	−1 873 000	−1 228 000
Net Income	−10 136 000	−25 014 000	70 587 000	3 666 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 021 000	17 083 000	2 967 000	18 595 000
Total Current Assets	148 331 000	155 302 000	226 752 000	130 400 000
Total Assets	165 351 000	172 385 000	229 719 000	148 995 000
Total Retained Equity	113 836 000	122 528 000	118 258 000	68 298 000
Total Equity	121 410 000	130 102 000	153 098 000	75 872 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	43 942 000	42 283 000	76 621 000	73 123 000
Total Equity and Debt	165 351 000	172 385 000	229 719 000	148 995 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 024 000	2 762 000	2 028 000	2 481 000
Other Income	0	0	0	0
Revenue	2 024 000	2 762 000	2 028 000	2 481 000
Cost of Goods Sold	0	0	0	0
Salary Costs	4 230 000	4 668 000	7 459 000	6 514 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	8 320 000	8 241 000	10 981 000	12 073 000
Operating Profit	−6 296 000	−5 479 000	−8 953 000	−9 591 000
Financial Income	−1 239 000	−19 284 000	80 687 000	1 025 000
Financial Costs	3 008 000	748 000	3 019 000	−11 004 000
Financial Balance	−4 247 000	−20 032 000	77 668 000	12 029 000
Dividends	0	0	0	0
Net Income	−10 136 000	−25 014 000	70 587 000	3 666 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 025 000	1 025 000	1 025 000	1 025 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	16 000	0	0	0
Total Tangible Assets	1 041 000	1 025 000	1 025 000	1 025 000
Total Fiancial Fixed Assets	15 980 000	16 058 000	1 942 000	17 570 000
Total Fixed Assets	17 021 000	17 083 000	2 967 000	18 595 000
Stock	0	0	0	0
Total Investments	74 836 000	81 935 000	141 579 000	58 669 000
Cash, Bank	47 052 000	46 751 000	52 843 000	26 483 000
Total Current Assets	148 331 000	155 302 000	226 752 000	130 400 000
Total Assets	165 351 000	172 385 000	229 719 000	148 995 000
Total Equity	121 410 000	130 102 000	153 098 000	75 872 000
Short-Term Group Debt	0	0	31 817 000	0
Total Long-Term Debt	0	0	0	0
Creditors	1 153 000	948 000	810 000	493 000
Unpaid Taxes	415 000	375 000	721 000	487 000
Dividends	0	0	0	0
Other Current Debt	42 373 000	40 960 000	43 273 000	72 144 000
Total Current Debt	43 942 000	42 283 000	76 621 000	73 123 000
Total Equity and Debt	165 351 000	172 385 000	229 719 000	148 995 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−8,35 %	−19,23 %	46,11 %	4,83 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−311,07 %	−198,37 %	−441,47 %	−386,58 %
Current Ratio	3,38	3,67	2,96	1,78
Quick Ratio	3,38	3,67	2,96	1,78
Equity Ratio	0,73	0,75	0,67	0,51
Gross Profit Margin	100 %	100 %	100 %	100 %