LOFOTSTAND AS

8300 SVOLVÆR

Finances

Return on Equity

46,77 %

Current Ratio

2,12

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 909 000	706 000	0	5 015 000
Net Income	1 587 000	4 000	−749 000	807 000
Total Assets	6 410 000	3 824 000	2 397 000	3 486 000
Total Equity	3 393 000	1 999 000	2 233 000	2 983 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 909 000	706 000	0	5 015 000
Expenditure	3 253 000	910 000	958 000	2 914 000
Operating Profit	1 992 000	0	−958 000	1 010 000
Financial Income	45 000	5 000	13 000	26 000
Financial Costs	0	0	11 000	0
Financial Balance	45 000	5 000	2 000	26 000
Earnings Before Tax	2 037 000	5 000	−956 000	1 036 000
Tax	451 000	1 000	−207 000	229 000
Net Income	1 587 000	4 000	−749 000	807 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 000	3 000	3 000	28 000
Total Current Assets	6 407 000	3 821 000	2 394 000	3 458 000
Total Assets	6 410 000	3 824 000	2 397 000	3 486 000
Total Retained Equity	2 908 000	1 459 000	1 625 000	2 375 000
Total Equity	3 393 000	1 999 000	2 233 000	2 983 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 017 000	1 825 000	163 000	503 000
Total Equity and Debt	6 410 000	3 824 000	2 397 000	3 486 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 909 000	0	0	5 015 000
Other Income	0	706 000	0	0
Revenue	4 909 000	706 000	0	5 015 000
Cost of Goods Sold	0	0	0	16 000
Salary Costs	1 301 000	545 000	664 000	1 126 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 253 000	910 000	958 000	2 914 000
Operating Profit	1 992 000	0	−958 000	1 010 000
Financial Income	45 000	5 000	13 000	26 000
Financial Costs	0	0	11 000	0
Financial Balance	45 000	5 000	2 000	26 000
Dividends	0	0	0	0
Net Income	1 587 000	4 000	−749 000	807 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	3 000	3 000	3 000	25 000
Total Fixed Assets	3 000	3 000	3 000	28 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 654 000	3 334 000	2 160 000	3 447 000
Total Current Assets	6 407 000	3 821 000	2 394 000	3 458 000
Total Assets	6 410 000	3 824 000	2 397 000	3 486 000
Total Equity	3 393 000	1 999 000	2 233 000	2 983 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	25 000	54 000	13 000	34 000
Unpaid Taxes	217 000	361 000	16 000	38 000
Dividends	0	0	0	0
Other Current Debt	2 324 000	1 409 000	135 000	203 000
Total Current Debt	3 017 000	1 825 000	163 000	503 000
Total Equity and Debt	6 410 000	3 824 000	2 397 000	3 486 000

Financial indicators	2022	2021	2020	2019
Return on Equity	46,77 %	0,2 %	−33,54 %	27,05 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	40,58 %	0 %	-	20,14 %
Current Ratio	2,12	2,09	14,69	6,87
Quick Ratio	2,12	2,09	14,69	6,87
Equity Ratio	0,53	0,52	0,93	0,86
Gross Profit Margin	100 %	100 %	-	99,68 %