LANGESET GÅRD Magne Olav Thorset

3560 HEMSEDAL

Finances

Share Ownership

Return on Equity

−3,22 %

Current Ratio

0,1

Debt-to-Equity Ratio

−1,74

Key figures (NOK)	2020	2018	2017	2016
Revenue	957 000	6 611 000	8 374 000	8 200 000
Net Income	147 000	907 000	1 754 000	2 075 000
Total Assets	6 514 000	21 502 000	23 957 000	24 140 000
Total Equity	−4 561 000	11 705 000	12 972 000	11 692 000

Income (NOK)	2020	2018	2017	2016
Revenue	957 000	6 611 000	8 374 000	8 200 000
Expenditure	714 000	5 426 000	6 407 000	5 856 000
Operating Profit	242 000	1 185 000	1 966 000	2 345 000
Financial Income	0	2 000	16 000	17 000
Financial Costs	95 000	279 000	228 000	286 000
Financial Balance	−95 000	−277 000	−212 000	−269 000
Earnings Before Tax	147 000	907 000	1 754 000	2 075 000
Tax	0	0	0	0
Net Income	147 000	907 000	1 754 000	2 075 000

Balance (NOK)	2020	2018	2017	2016
Total Fixed Assets	6 193 000	20 681 000	18 790 000	18 813 000
Total Current Assets	321 000	822 000	5 167 000	5 327 000
Total Assets	6 514 000	21 502 000	23 957 000	24 140 000
Total Retained Equity	−4 561 000	11 705 000	12 972 000	11 692 000
Total Equity	−4 561 000	11 705 000	12 972 000	11 692 000
Total Long-Term Debt	7 937 000	8 341 000	9 134 000	11 158 000
Total Current Debt	3 137 000	1 457 000	1 852 000	1 290 000
Total Equity and Debt	6 514 000	21 502 000	23 957 000	24 140 000

Cash flow (NOK)	2020	2018	2017	2016
Sales Income	35 000	1 678 000	1 544 000	1 428 000
Other Income	922 000	4 933 000	6 831 000	6 772 000
Revenue	957 000	6 611 000	8 374 000	8 200 000
Cost of Goods Sold	0	759 000	593 000	580 000
Salary Costs	0	1 398 000	1 347 000	1 296 000
Depreciation	255 000	1 019 000	984 000	1 203 000
Impairment	0	0	0	0
Expenditure	714 000	5 426 000	6 407 000	5 856 000
Operating Profit	242 000	1 185 000	1 966 000	2 345 000
Financial Income	0	2 000	16 000	17 000
Financial Costs	95 000	279 000	228 000	286 000
Financial Balance	−95 000	−277 000	−212 000	−269 000
Dividends	0	0	0	0
Net Income	147 000	907 000	1 754 000	2 075 000

Balance details (NOK)	2020	2018	2017	2016
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 819 000	16 505 000	17 307 000	18 048 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 156 000	642 000	860 000	531 000
Total Tangible Assets	5 975 000	17 147 000	18 166 000	18 579 000
Total Fiancial Fixed Assets	219 000	3 533 000	624 000	235 000
Total Fixed Assets	6 193 000	20 681 000	18 790 000	18 813 000
Stock	0	177 000	217 000	299 000
Total Investments	0	0	0	0
Cash, Bank	72 000	178 000	367 000	244 000
Total Current Assets	321 000	822 000	5 167 000	5 327 000
Total Assets	6 514 000	21 502 000	23 957 000	24 140 000
Total Equity	−4 561 000	11 705 000	12 972 000	11 692 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 937 000	8 341 000	9 134 000	11 158 000
Creditors	0	−83 000	149 000	383 000
Unpaid Taxes	0	73 000	64 000	53 000
Dividends	0	0	0	0
Other Current Debt	3 137 000	1 466 000	1 638 000	853 000
Total Current Debt	3 137 000	1 457 000	1 852 000	1 290 000
Total Equity and Debt	6 514 000	21 502 000	23 957 000	24 140 000

Financial indicators	2020	2018	2017	2016
Return on Equity	−3,22 %	7,75 %	13,52 %	17,75 %
Debt-to-Equity Ratio	−1,74	0,71	0,7	0,95
Operating Profit Margin	25,29 %	17,92 %	23,48 %	28,6 %
Current Ratio	0,1	0,56	2,79	4,13
Quick Ratio	0,1	0,64	3,16	5,38
Equity Ratio	−0,7	0,54	0,54	0,48
Gross Profit Margin	100 %	88,52 %	92,92 %	92,93 %