LOFOTEN ØKONOMISERVICE AS

8312 HENNINGSVÆR

Finances

Return on Equity

36,88 %

Current Ratio

1,6

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 160 000	8 591 000	8 202 000	8 451 000
Net Income	430 000	567 000	398 000	423 000
Total Assets	2 637 000	2 746 000	2 506 000	2 141 000
Total Equity	1 166 000	1 236 000	968 000	821 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 160 000	8 591 000	8 202 000	8 451 000
Expenditure	7 609 000	7 865 000	7 696 000	7 912 000
Operating Profit	552 000	727 000	506 000	540 000
Financial Income	2 000	1 000	7 000	5 000
Financial Costs	0	0	0	0
Financial Balance	2 000	1 000	7 000	5 000
Earnings Before Tax	553 000	728 000	513 000	545 000
Tax	123 000	161 000	115 000	122 000
Net Income	430 000	567 000	398 000	423 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	283 000	310 000	470 000	241 000
Total Current Assets	2 354 000	2 436 000	2 036 000	1 900 000
Total Assets	2 637 000	2 746 000	2 506 000	2 141 000
Total Retained Equity	1 066 000	1 136 000	868 000	721 000
Total Equity	1 166 000	1 236 000	968 000	821 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 471 000	1 511 000	1 537 000	1 320 000
Total Equity and Debt	2 637 000	2 746 000	2 506 000	2 141 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 160 000	8 591 000	8 202 000	8 451 000
Other Income	0	0	0	0
Revenue	8 160 000	8 591 000	8 202 000	8 451 000
Cost of Goods Sold	0	0	0	0
Salary Costs	6 063 000	6 180 000	6 068 000	6 104 000
Depreciation	130 000	172 000	124 000	119 000
Impairment	0	0	0	0
Expenditure	7 609 000	7 865 000	7 696 000	7 912 000
Operating Profit	552 000	727 000	506 000	540 000
Financial Income	2 000	1 000	7 000	5 000
Financial Costs	0	0	0	0
Financial Balance	2 000	1 000	7 000	5 000
Dividends	0	0	0	0
Net Income	430 000	567 000	398 000	423 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	23 000	17 000	5 000	10 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	200 000	233 000	405 000	231 000
Fixtures	0	0	0	0
Total Tangible Assets	200 000	233 000	405 000	231 000
Total Fiancial Fixed Assets	60 000	60 000	60 000	0
Total Fixed Assets	283 000	310 000	470 000	241 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 245 000	1 318 000	1 203 000	1 074 000
Total Current Assets	2 354 000	2 436 000	2 036 000	1 900 000
Total Assets	2 637 000	2 746 000	2 506 000	2 141 000
Total Equity	1 166 000	1 236 000	968 000	821 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	202 000	146 000	399 000	67 000
Unpaid Taxes	540 000	576 000	422 000	526 000
Dividends	0	0	0	0
Other Current Debt	600 000	615 000	606 000	599 000
Total Current Debt	1 471 000	1 511 000	1 537 000	1 320 000
Total Equity and Debt	2 637 000	2 746 000	2 506 000	2 141 000

Financial indicators	2022	2021	2020	2019
Return on Equity	36,88 %	45,87 %	41,12 %	51,52 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	6,76 %	8,46 %	6,17 %	6,39 %
Current Ratio	1,6	1,61	1,32	1,44
Quick Ratio	1,6	1,61	1,32	1,44
Equity Ratio	0,44	0,45	0,39	0,38
Gross Profit Margin	100 %	100 %	100 %	100 %