EIRIK LØVAAS AS

5170 BJØRNDALSTRÆ

Finances

Share Ownership

Return on Equity

12,25 %

Current Ratio

7,08

Debt-to-Equity Ratio

0,47

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 677 000	2 163 000	1 103 000	1 063 000
Net Income	474 000	803 000	431 000	554 000
Total Assets	5 864 000	6 218 000	4 596 000	4 501 000
Total Equity	3 868 000	3 393 000	2 590 000	2 432 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 677 000	2 163 000	1 103 000	1 063 000
Expenditure	1 032 000	1 085 000	550 000	331 000
Operating Profit	644 000	1 078 000	553 000	731 000
Financial Income	0	0	0	1 000
Financial Costs	36 000	48 000	2 000	22 000
Financial Balance	−36 000	−48 000	−2 000	−21 000
Earnings Before Tax	608 000	1 029 000	552 000	710 000
Tax	134 000	226 000	121 000	156 000
Net Income	474 000	803 000	431 000	554 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 610 000	4 840 000	2 800 000	3 213 000
Total Current Assets	1 254 000	1 378 000	1 796 000	1 288 000
Total Assets	5 864 000	6 218 000	4 596 000	4 501 000
Total Retained Equity	3 766 000	3 292 000	2 489 000	2 330 000
Total Equity	3 868 000	3 393 000	2 590 000	2 432 000
Total Long-Term Debt	1 819 000	2 384 000	1 445 000	1 678 000
Total Current Debt	177 000	441 000	561 000	392 000
Total Equity and Debt	5 864 000	6 218 000	4 596 000	4 501 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 677 000	1 470 000	945 000	0
Other Income	0	693 000	159 000	1 063 000
Revenue	1 677 000	2 163 000	1 103 000	1 063 000
Cost of Goods Sold	0	295 000	0	0
Salary Costs	0	0	0	0
Depreciation	853 000	680 000	413 000	228 000
Impairment	0	0	0	0
Expenditure	1 032 000	1 085 000	550 000	331 000
Operating Profit	644 000	1 078 000	553 000	731 000
Financial Income	0	0	0	1 000
Financial Costs	36 000	48 000	2 000	22 000
Financial Balance	−36 000	−48 000	−2 000	−21 000
Dividends	0	0	0	0
Net Income	474 000	803 000	431 000	554 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	4 549 000	4 764 000	2 706 000	3 094 000
Fixtures	61 000	76 000	95 000	118 000
Total Tangible Assets	4 610 000	4 840 000	2 800 000	3 213 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 610 000	4 840 000	2 800 000	3 213 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 063 000	633 000	1 467 000	1 030 000
Total Current Assets	1 254 000	1 378 000	1 796 000	1 288 000
Total Assets	5 864 000	6 218 000	4 596 000	4 501 000
Total Equity	3 868 000	3 393 000	2 590 000	2 432 000
Short-Term Group Debt	0	0	275 000	195 000
Total Long-Term Debt	1 819 000	2 384 000	1 445 000	1 678 000
Creditors	6 000	348 000	3 000	0
Unpaid Taxes	68 000	51 000	43 000	39 000
Dividends	0	0	0	0
Other Current Debt	5 000	5 000	188 000	0
Total Current Debt	177 000	441 000	561 000	392 000
Total Equity and Debt	5 864 000	6 218 000	4 596 000	4 501 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,25 %	23,67 %	16,64 %	22,78 %
Debt-to-Equity Ratio	0,47	0,7	0,56	0,69
Operating Profit Margin	38,4 %	49,84 %	50,14 %	68,77 %
Current Ratio	7,08	3,12	3,2	3,29
Quick Ratio	7,08	3,12	3,2	3,29
Equity Ratio	0,66	0,55	0,56	0,54
Gross Profit Margin	100 %	86,36 %	100 %	100 %