LOFOTEN EXPLORER AS

8300 SVOLVÆR

Finances

Return on Equity

20,13 %

Current Ratio

8,6

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 363 000	8 254 000	6 429 000	8 651 000
Net Income	1 825 000	2 445 000	1 926 000	2 308 000
Total Assets	10 302 000	8 648 000	5 840 000	4 294 000
Total Equity	9 064 000	7 239 000	4 945 000	3 019 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 363 000	8 254 000	6 429 000	8 651 000
Expenditure	6 195 000	5 150 000	3 983 000	5 751 000
Operating Profit	2 168 000	3 104 000	2 446 000	2 900 000
Financial Income	173 000	30 000	26 000	59 000
Financial Costs	1 000	0	2 000	0
Financial Balance	172 000	30 000	24 000	59 000
Earnings Before Tax	2 340 000	3 135 000	2 470 000	2 959 000
Tax	515 000	690 000	544 000	651 000
Net Income	1 825 000	2 445 000	1 926 000	2 308 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	819 000	1 085 000	554 000	310 000
Total Current Assets	9 483 000	7 563 000	5 286 000	3 985 000
Total Assets	10 302 000	8 648 000	5 840 000	4 294 000
Total Retained Equity	8 814 000	6 989 000	4 695 000	2 769 000
Total Equity	9 064 000	7 239 000	4 945 000	3 019 000
Total Long-Term Debt	135 000	185 000	59 000	85 000
Total Current Debt	1 103 000	1 223 000	836 000	1 190 000
Total Equity and Debt	10 302 000	8 648 000	5 840 000	4 294 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 360 000	7 954 000	6 429 000	7 965 000
Other Income	3 000	300 000	0	686 000
Revenue	8 363 000	8 254 000	6 429 000	8 651 000
Cost of Goods Sold	36 000	59 000	27 000	156 000
Salary Costs	2 319 000	1 728 000	1 178 000	1 882 000
Depreciation	266 000	166 000	97 000	160 000
Impairment	0	0	0	0
Expenditure	6 195 000	5 150 000	3 983 000	5 751 000
Operating Profit	2 168 000	3 104 000	2 446 000	2 900 000
Financial Income	173 000	30 000	26 000	59 000
Financial Costs	1 000	0	2 000	0
Financial Balance	172 000	30 000	24 000	59 000
Dividends	0	0	0	0
Net Income	1 825 000	2 445 000	1 926 000	2 308 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	3 000	17 000	31 000	46 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	295 000	407 000	520 000	261 000
Total Tangible Assets	813 000	1 065 000	520 000	261 000
Total Fiancial Fixed Assets	3 000	3 000	3 000	3 000
Total Fixed Assets	819 000	1 085 000	554 000	310 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 158 000	7 158 000	4 576 000	3 102 000
Total Current Assets	9 483 000	7 563 000	5 286 000	3 985 000
Total Assets	10 302 000	8 648 000	5 840 000	4 294 000
Total Equity	9 064 000	7 239 000	4 945 000	3 019 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	135 000	185 000	59 000	85 000
Creditors	157 000	215 000	116 000	197 000
Unpaid Taxes	169 000	146 000	17 000	96 000
Dividends	0	0	0	0
Other Current Debt	212 000	298 000	133 000	352 000
Total Current Debt	1 103 000	1 223 000	836 000	1 190 000
Total Equity and Debt	10 302 000	8 648 000	5 840 000	4 294 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,13 %	33,78 %	38,95 %	76,45 %
Debt-to-Equity Ratio	0,01	0,03	0,01	0,03
Operating Profit Margin	25,92 %	37,61 %	38,05 %	33,52 %
Current Ratio	8,6	6,18	6,32	3,35
Quick Ratio	8,6	6,18	6,32	3,35
Equity Ratio	0,88	0,84	0,85	0,7
Gross Profit Margin	99,57 %	99,29 %	99,58 %	98,2 %