LUBETECH AS

4051 SOLA

Finances

Share Ownership

Return on Equity

39,71 %

Current Ratio

1,83

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	34 477 000	30 115 000	31 013 000	21 354 000
Net Income	2 033 000	2 641 000	2 628 000	348 000
Total Assets	11 231 000	9 241 000	6 685 000	6 088 000
Total Equity	5 119 000	3 085 000	1 945 000	1 816 000

Income (NOK)	2022	2021	2020	2019
Revenue	34 477 000	30 115 000	31 013 000	21 354 000
Expenditure	31 785 000	26 671 000	27 530 000	20 833 000
Operating Profit	2 693 000	3 444 000	3 482 000	521 000
Financial Income	14 000	15 000	8 000	26 000
Financial Costs	99 000	70 000	116 000	97 000
Financial Balance	−85 000	−55 000	−108 000	−71 000
Earnings Before Tax	2 608 000	3 390 000	3 374 000	450 000
Tax	575 000	749 000	746 000	103 000
Net Income	2 033 000	2 641 000	2 628 000	348 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	58 000	81 000	124 000	107 000
Total Current Assets	11 173 000	9 160 000	6 560 000	5 980 000
Total Assets	11 231 000	9 241 000	6 685 000	6 088 000
Total Retained Equity	4 869 000	2 835 000	1 695 000	1 566 000
Total Equity	5 119 000	3 085 000	1 945 000	1 816 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 113 000	6 155 000	4 740 000	4 271 000
Total Equity and Debt	11 231 000	9 241 000	6 685 000	6 088 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	34 169 000	29 767 000	30 623 000	21 020 000
Other Income	308 000	348 000	390 000	335 000
Revenue	34 477 000	30 115 000	31 013 000	21 354 000
Cost of Goods Sold	26 499 000	22 104 000	22 910 000	16 379 000
Salary Costs	3 349 000	2 656 000	2 762 000	2 525 000
Depreciation	21 000	47 000	38 000	36 000
Impairment	0	0	0	0
Expenditure	31 785 000	26 671 000	27 530 000	20 833 000
Operating Profit	2 693 000	3 444 000	3 482 000	521 000
Financial Income	14 000	15 000	8 000	26 000
Financial Costs	99 000	70 000	116 000	97 000
Financial Balance	−85 000	−55 000	−108 000	−71 000
Dividends	0	1 500 000	1 500 000	0
Net Income	2 033 000	2 641 000	2 628 000	348 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	28 000	31 000	27 000	32 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	30 000	50 000	97 000	75 000
Total Tangible Assets	30 000	50 000	97 000	75 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	58 000	81 000	124 000	107 000
Stock	5 361 000	4 420 000	3 276 000	2 837 000
Total Investments	0	0	0	0
Cash, Bank	111 000	93 000	326 000	78 000
Total Current Assets	11 173 000	9 160 000	6 560 000	5 980 000
Total Assets	11 231 000	9 241 000	6 685 000	6 088 000
Total Equity	5 119 000	3 085 000	1 945 000	1 816 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 162 000	2 217 000	1 879 000	1 279 000
Unpaid Taxes	382 000	402 000	376 000	373 000
Dividends	0	1 500 000	1 500 000	0
Other Current Debt	776 000	1 747 000	243 000	705 000
Total Current Debt	6 113 000	6 155 000	4 740 000	4 271 000
Total Equity and Debt	11 231 000	9 241 000	6 685 000	6 088 000

Financial indicators	2022	2021	2020	2019
Return on Equity	39,71 %	85,61 %	135,12 %	19,16 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,81 %	11,44 %	11,23 %	2,44 %
Current Ratio	1,83	1,49	1,38	1,4
Quick Ratio	14,86	5,28	4,48	4,17
Equity Ratio	0,46	0,33	0,29	0,3
Gross Profit Margin	23,14 %	26,6 %	26,13 %	23,3 %