LARSEN FLOWTECH AS

7010 TRONDHEIM

Finances

Return on Equity

37,07 %

Current Ratio

1,98

Debt-to-Equity Ratio

0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 796 000	3 083 000	3 360 000	3 208 000
Net Income	357 000	263 000	−237 000	185 000
Total Assets	1 717 000	1 700 000	1 429 000	1 270 000
Total Equity	963 000	606 000	343 000	580 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 796 000	3 083 000	3 360 000	3 208 000
Expenditure	3 312 000	2 707 000	3 623 000	2 955 000
Operating Profit	483 000	376 000	−262 000	254 000
Financial Income	6 000	−20 000	−23 000	−10 000
Financial Costs	29 000	16 000	18 000	16 000
Financial Balance	−23 000	−36 000	−41 000	−26 000
Earnings Before Tax	461 000	340 000	−303 000	228 000
Tax	104 000	77 000	−66 000	43 000
Net Income	357 000	263 000	−237 000	185 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	450 000	513 000	512 000	502 000
Total Current Assets	1 266 000	1 187 000	917 000	768 000
Total Assets	1 717 000	1 700 000	1 429 000	1 270 000
Total Retained Equity	737 000	380 000	117 000	354 000
Total Equity	963 000	606 000	343 000	580 000
Total Long-Term Debt	115 000	142 000	0	0
Total Current Debt	639 000	952 000	1 086 000	690 000
Total Equity and Debt	1 717 000	1 700 000	1 429 000	1 270 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 789 000	2 977 000	3 219 000	3 074 000
Other Income	7 000	106 000	142 000	134 000
Revenue	3 796 000	3 083 000	3 360 000	3 208 000
Cost of Goods Sold	2 414 000	2 017 000	2 774 000	1 565 000
Salary Costs	48 000	34 000	186 000	795 000
Depreciation	55 000	26 000	10 000	0
Impairment	0	0	0	0
Expenditure	3 312 000	2 707 000	3 623 000	2 955 000
Operating Profit	483 000	376 000	−262 000	254 000
Financial Income	6 000	−20 000	−23 000	−10 000
Financial Costs	29 000	16 000	18 000	16 000
Financial Balance	−23 000	−36 000	−41 000	−26 000
Dividends	0	0	0	135 000
Net Income	357 000	263 000	−237 000	185 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	38 000	43 000	19 000	12 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	186 000	241 000	72 000	0
Total Tangible Assets	186 000	241 000	72 000	0
Total Fiancial Fixed Assets	226 000	229 000	421 000	490 000
Total Fixed Assets	450 000	513 000	512 000	502 000
Stock	125 000	125 000	12 000	125 000
Total Investments	0	0	0	0
Cash, Bank	650 000	384 000	364 000	291 000
Total Current Assets	1 266 000	1 187 000	917 000	768 000
Total Assets	1 717 000	1 700 000	1 429 000	1 270 000
Total Equity	963 000	606 000	343 000	580 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	115 000	142 000	0	0
Creditors	209 000	115 000	407 000	170 000
Unpaid Taxes	1 000	51 000	38 000	73 000
Dividends	0	0	0	135 000
Other Current Debt	329 000	684 000	641 000	256 000
Total Current Debt	639 000	952 000	1 086 000	690 000
Total Equity and Debt	1 717 000	1 700 000	1 429 000	1 270 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,07 %	43,4 %	−69,1 %	31,9 %
Debt-to-Equity Ratio	0,12	0,23	0	0
Operating Profit Margin	12,72 %	12,2 %	−7,8 %	7,92 %
Current Ratio	1,98	1,25	0,84	1,11
Quick Ratio	2,46	1,44	0,85	1,36
Equity Ratio	0,56	0,36	0,24	0,46
Gross Profit Margin	36,41 %	34,58 %	17,44 %	51,22 %