LOFOTEN UTVIKLING AS

8314 GIMSØYSAND

Finances

Return on Equity

−14,48 %

Current Ratio

3,74

Debt-to-Equity Ratio

0,96

Key figures (NOK)	2022	2021	2020	2019
Revenue	360 000	312 000	244 000	370 000
Net Income	−2 934 000	−1 775 000	−1 638 000	−3 388 000
Total Assets	48 396 000	43 324 000	38 837 000	37 580 000
Total Equity	20 262 000	23 195 000	9 970 000	11 608 000

Income (NOK)	2022	2021	2020	2019
Revenue	360 000	312 000	244 000	370 000
Expenditure	2 176 000	1 876 000	1 437 000	1 453 000
Operating Profit	−1 816 000	−1 564 000	−1 193 000	−1 084 000
Financial Income	0	520 000	677 000	41 000
Financial Costs	1 118 000	730 000	1 122 000	2 345 000
Financial Balance	−1 118 000	−210 000	−445 000	−2 304 000
Earnings Before Tax	−2 934 000	−1 775 000	−1 638 000	−3 388 000
Tax	0	0	0	0
Net Income	−2 934 000	−1 775 000	−1 638 000	−3 388 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	16 099 000	16 019 000	14 744 000	14 067 000
Total Current Assets	32 297 000	27 304 000	24 092 000	23 513 000
Total Assets	48 396 000	43 324 000	38 837 000	37 580 000
Total Retained Equity	−4 708 000	−1 775 000	0	0
Total Equity	20 262 000	23 195 000	9 970 000	11 608 000
Total Long-Term Debt	19 500 000	19 500 000	19 500 000	19 500 000
Total Current Debt	8 634 000	628 000	9 367 000	6 472 000
Total Equity and Debt	48 396 000	43 324 000	38 837 000	37 580 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	360 000	310 000	244 000	370 000
Other Income	0	2 000	0	0
Revenue	360 000	312 000	244 000	370 000
Cost of Goods Sold	0	4 000	0	0
Salary Costs	1 027 000	743 000	661 000	844 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	2 176 000	1 876 000	1 437 000	1 453 000
Operating Profit	−1 816 000	−1 564 000	−1 193 000	−1 084 000
Financial Income	0	520 000	677 000	41 000
Financial Costs	1 118 000	730 000	1 122 000	2 345 000
Financial Balance	−1 118 000	−210 000	−445 000	−2 304 000
Dividends	0	0	0	0
Net Income	−2 934 000	−1 775 000	−1 638 000	−3 388 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	746 000	746 000	746 000	746 000
Real Eastate	354 000	275 000	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	354 000	275 000	0	0
Total Fiancial Fixed Assets	14 999 000	14 999 000	13 999 000	13 321 000
Total Fixed Assets	16 099 000	16 019 000	14 744 000	14 067 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	485 000	2 798 000	288 000	720 000
Total Current Assets	32 297 000	27 304 000	24 092 000	23 513 000
Total Assets	48 396 000	43 324 000	38 837 000	37 580 000
Total Equity	20 262 000	23 195 000	9 970 000	11 608 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	19 500 000	19 500 000	19 500 000	19 500 000
Creditors	78 000	273 000	5 088 000	1 119 000
Unpaid Taxes	78 000	43 000	58 000	46 000
Dividends	0	0	0	0
Other Current Debt	8 478 000	312 000	1 133 000	394 000
Total Current Debt	8 634 000	628 000	9 367 000	6 472 000
Total Equity and Debt	48 396 000	43 324 000	38 837 000	37 580 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−14,48 %	−7,65 %	−16,43 %	−29,19 %
Debt-to-Equity Ratio	0,96	0,84	1,96	1,68
Operating Profit Margin	−504,44 %	−501,28 %	−488,93 %	−292,97 %
Current Ratio	3,74	43,48	2,57	3,63
Quick Ratio	3,74	43,48	2,57	3,63
Equity Ratio	0,42	0,54	0,26	0,31
Gross Profit Margin	100 %	98,72 %	100 %	100 %