LOFOTEN ARCTIC WATER AS

8372 GRAVDAL

Finances

Return on Equity

−125,63 %

Current Ratio

2,02

Debt-to-Equity Ratio

0,84

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 768 000	1 357 000	368 000	476 000
Net Income	−5 118 000	−5 306 000	−4 516 000	−6 170 000
Total Assets	9 084 000	10 225 000	8 700 000	7 826 000
Total Equity	4 074 000	−2 808 000	1 832 000	2 348 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 768 000	1 357 000	368 000	476 000
Expenditure	7 193 000	6 445 000	4 661 000	6 060 000
Operating Profit	−4 425 000	−5 088 000	−4 294 000	−5 583 000
Financial Income	20 000	17 000	18 000	14 000
Financial Costs	712 000	423 000	240 000	601 000
Financial Balance	−692 000	−406 000	−222 000	−587 000
Earnings Before Tax	−5 118 000	−5 494 000	−4 516 000	−6 170 000
Tax	0	−188 000	0	0
Net Income	−5 118 000	−5 306 000	−4 516 000	−6 170 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 886 000	6 603 000	6 821 000	6 683 000
Total Current Assets	3 199 000	3 621 000	1 879 000	1 143 000
Total Assets	9 084 000	10 225 000	8 700 000	7 826 000
Total Retained Equity	−12 592 000	−7 474 000	−2 168 000	−12 767 000
Total Equity	4 074 000	−2 808 000	1 832 000	2 348 000
Total Long-Term Debt	3 425 000	11 609 000	5 375 000	3 947 000
Total Current Debt	1 585 000	1 423 000	1 493 000	1 531 000
Total Equity and Debt	9 084 000	10 225 000	8 700 000	7 826 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 654 000	1 318 000	363 000	476 000
Other Income	114 000	39 000	4 000	0
Revenue	2 768 000	1 357 000	368 000	476 000
Cost of Goods Sold	1 018 000	553 000	550 000	424 000
Salary Costs	2 596 000	2 385 000	1 743 000	2 253 000
Depreciation	813 000	802 000	694 000	639 000
Impairment	0	0	0	0
Expenditure	7 193 000	6 445 000	4 661 000	6 060 000
Operating Profit	−4 425 000	−5 088 000	−4 294 000	−5 583 000
Financial Income	20 000	17 000	18 000	14 000
Financial Costs	712 000	423 000	240 000	601 000
Financial Balance	−692 000	−406 000	−222 000	−587 000
Dividends	0	0	0	0
Net Income	−5 118 000	−5 306 000	−4 516 000	−6 170 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	196 000	257 000	318 000	263 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	3 981 000	4 540 000	4 433 000	4 131 000
Fixtures	17 000	33 000	49 000	57 000
Total Tangible Assets	3 999 000	4 573 000	4 482 000	4 188 000
Total Fiancial Fixed Assets	1 691 000	1 773 000	2 020 000	2 232 000
Total Fixed Assets	5 886 000	6 603 000	6 821 000	6 683 000
Stock	1 407 000	1 495 000	873 000	290 000
Total Investments	0	0	0	0
Cash, Bank	503 000	955 000	532 000	457 000
Total Current Assets	3 199 000	3 621 000	1 879 000	1 143 000
Total Assets	9 084 000	10 225 000	8 700 000	7 826 000
Total Equity	4 074 000	−2 808 000	1 832 000	2 348 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 425 000	11 609 000	5 375 000	3 947 000
Creditors	322 000	296 000	246 000	109 000
Unpaid Taxes	137 000	108 000	213 000	69 000
Dividends	0	0	0	0
Other Current Debt	315 000	208 000	243 000	550 000
Total Current Debt	1 585 000	1 423 000	1 493 000	1 531 000
Total Equity and Debt	9 084 000	10 225 000	8 700 000	7 826 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−125,63 %	188,96 %	−246,51 %	−262,78 %
Debt-to-Equity Ratio	0,84	−4,13	2,93	1,68
Operating Profit Margin	−159,86 %	−374,94 %	−1 166,85 %	−1 172,9 %
Current Ratio	2,02	2,54	1,26	0,75
Quick Ratio	17,97	−50,29	3,03	0,92
Equity Ratio	0,45	−0,27	0,21	0,3
Gross Profit Margin	63,22 %	59,25 %	−49,46 %	10,92 %