LØVIK MOTOR AS

3472 BØDALEN

Finances

Share Ownership

Return on Equity

20,61 %

Current Ratio

1,85

Debt-to-Equity Ratio

0,47

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 644 000	1 753 000	1 527 000	2 048 000
Net Income	74 000	−3 000	168 000	−111 000
Total Assets	877 000	1 061 000	1 197 000	1 242 000
Total Equity	359 000	485 000	488 000	470 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 644 000	1 753 000	1 527 000	2 048 000
Expenditure	1 526 000	1 749 000	1 339 000	2 146 000
Operating Profit	118 000	4 000	188 000	−98 000
Financial Income	2 000	0	0	0
Financial Costs	9 000	9 000	11 000	13 000
Financial Balance	−7 000	−9 000	−11 000	−13 000
Earnings Before Tax	111 000	−4 000	177 000	−111 000
Tax	37 000	−1 000	8 000	0
Net Income	74 000	−3 000	168 000	−111 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	229 000	421 000	565 000	388 000
Total Current Assets	647 000	641 000	632 000	854 000
Total Assets	877 000	1 061 000	1 197 000	1 242 000
Total Retained Equity	329 000	455 000	458 000	440 000
Total Equity	359 000	485 000	488 000	470 000
Total Long-Term Debt	169 000	218 000	257 000	291 000
Total Current Debt	349 000	359 000	452 000	481 000
Total Equity and Debt	877 000	1 061 000	1 197 000	1 242 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 566 000	1 727 000	1 612 000	1 890 000
Other Income	78 000	26 000	−85 000	158 000
Revenue	1 644 000	1 753 000	1 527 000	2 048 000
Cost of Goods Sold	60 000	180 000	153 000	489 000
Salary Costs	1 044 000	1 117 000	759 000	1 299 000
Depreciation	139 000	144 000	121 000	80 000
Impairment	0	0	0	0
Expenditure	1 526 000	1 749 000	1 339 000	2 146 000
Operating Profit	118 000	4 000	188 000	−98 000
Financial Income	2 000	0	0	0
Financial Costs	9 000	9 000	11 000	13 000
Financial Balance	−7 000	−9 000	−11 000	−13 000
Dividends	200 000	0	150 000	0
Net Income	74 000	−3 000	168 000	−111 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	45 000	51 000	57 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	184 000	370 000	508 000	388 000
Total Tangible Assets	229 000	421 000	565 000	388 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	229 000	421 000	565 000	388 000
Stock	254 000	278 000	287 000	258 000
Total Investments	0	0	0	0
Cash, Bank	380 000	344 000	310 000	488 000
Total Current Assets	647 000	641 000	632 000	854 000
Total Assets	877 000	1 061 000	1 197 000	1 242 000
Total Equity	359 000	485 000	488 000	470 000
Short-Term Group Debt	0	0	80 000	80 000
Total Long-Term Debt	169 000	218 000	257 000	291 000
Creditors	35 000	22 000	77 000	20 000
Unpaid Taxes	172 000	154 000	131 000	179 000
Dividends	200 000	0	150 000	0
Other Current Debt	98 000	182 000	164 000	202 000
Total Current Debt	349 000	359 000	452 000	481 000
Total Equity and Debt	877 000	1 061 000	1 197 000	1 242 000

Financial indicators	2022	2021	2020	2019
Return on Equity	20,61 %	−0,62 %	34,43 %	−23,62 %
Debt-to-Equity Ratio	0,47	0,45	0,53	0,62
Operating Profit Margin	7,18 %	0,23 %	12,31 %	−4,79 %
Current Ratio	1,85	1,79	1,4	1,78
Quick Ratio	6,81	7,91	3,83	3,83
Equity Ratio	0,41	0,46	0,41	0,38
Gross Profit Margin	96,35 %	89,73 %	89,98 %	76,12 %