LÅTER VASSLAG SA

8093 KJERRINGØY

Finances

Share Ownership

Return on Equity

10,38 %

Current Ratio

1,23

Debt-to-Equity Ratio

0,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 234 000	1 278 000	1 222 000	1 215 000
Net Income	253 000	372 000	218 000	349 000
Total Assets	3 613 000	3 591 000	4 056 000	4 073 000
Total Equity	2 437 000	2 183 000	1 812 000	1 594 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 234 000	1 278 000	1 222 000	1 215 000
Expenditure	789 000	658 000	783 000	661 000
Operating Profit	445 000	620 000	440 000	554 000
Financial Income	7 000	2 000	0	3 000
Financial Costs	83 000	105 000	127 000	133 000
Financial Balance	−76 000	−103 000	−127 000	−130 000
Earnings Before Tax	369 000	518 000	313 000	424 000
Tax	116 000	146 000	95 000	75 000
Net Income	253 000	372 000	218 000	349 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 151 000	3 448 000	3 777 000	4 045 000
Total Current Assets	462 000	143 000	279 000	28 000
Total Assets	3 613 000	3 591 000	4 056 000	4 073 000
Total Retained Equity	2 437 000	2 183 000	1 812 000	1 594 000
Total Equity	2 437 000	2 183 000	1 812 000	1 594 000
Total Long-Term Debt	801 000	1 044 000	1 292 000	1 529 000
Total Current Debt	375 000	364 000	952 000	950 000
Total Equity and Debt	3 613 000	3 591 000	4 056 000	4 073 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 234 000	1 278 000	1 222 000	1 215 000
Revenue	1 234 000	1 278 000	1 222 000	1 215 000
Cost of Goods Sold	0	0	0	0
Salary Costs	47 000	61 000	52 000	47 000
Depreciation	298 000	298 000	299 000	304 000
Impairment	0	0	0	0
Expenditure	789 000	658 000	783 000	661 000
Operating Profit	445 000	620 000	440 000	554 000
Financial Income	7 000	2 000	0	3 000
Financial Costs	83 000	105 000	127 000	133 000
Financial Balance	−76 000	−103 000	−127 000	−130 000
Dividends	0	0	0	0
Net Income	253 000	372 000	218 000	349 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	3 151 000	3 448 000	3 777 000	4 043 000
Fixtures	0	0	0	1 000
Total Tangible Assets	3 151 000	3 448 000	3 777 000	4 045 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 151 000	3 448 000	3 777 000	4 045 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	441 000	129 000	0	3 000
Total Current Assets	462 000	143 000	279 000	28 000
Total Assets	3 613 000	3 591 000	4 056 000	4 073 000
Total Equity	2 437 000	2 183 000	1 812 000	1 594 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	801 000	1 044 000	1 292 000	1 529 000
Creditors	100 000	51 000	57 000	52 000
Unpaid Taxes	24 000	31 000	251 000	7 000
Dividends	0	0	0	0
Other Current Debt	136 000	136 000	296 000	564 000
Total Current Debt	375 000	364 000	952 000	950 000
Total Equity and Debt	3 613 000	3 591 000	4 056 000	4 073 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,38 %	17,04 %	12,03 %	21,89 %
Debt-to-Equity Ratio	0,33	0,48	0,71	0,96
Operating Profit Margin	36,06 %	48,51 %	36,01 %	45,6 %
Current Ratio	1,23	0,39	0,29	0,03
Quick Ratio	1,23	0,39	0,29	0,03
Equity Ratio	0,67	0,61	0,45	0,39
Gross Profit Margin	100 %	100 %	100 %	100 %