LØVIK AS

6629 TORJULVÅGEN

Finances

Return on Equity

27,67 %

Current Ratio

2,17

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	170 000	179 000	192 000	251 000
Net Income	44 000	−500 000	−3 000	61 000
Total Assets	205 000	220 000	774 000	672 000
Total Equity	159 000	114 000	613 000	616 000

Income (NOK)	2022	2021	2020	2019
Revenue	170 000	179 000	192 000	251 000
Expenditure	112 000	156 000	194 000	172 000
Operating Profit	57 000	23 000	−2 000	79 000
Financial Income	0	0	0	0
Financial Costs	0	518 000	1 000	0
Financial Balance	0	−518 000	−1 000	0
Earnings Before Tax	57 000	−495 000	−3 000	79 000
Tax	13 000	6 000	0	18 000
Net Income	44 000	−500 000	−3 000	61 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	105 000	189 000	197 000	563 000
Total Current Assets	100 000	31 000	577 000	109 000
Total Assets	205 000	220 000	774 000	672 000
Total Retained Equity	−81 000	−126 000	373 000	376 000
Total Equity	159 000	114 000	613 000	616 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	46 000	105 000	162 000	56 000
Total Equity and Debt	205 000	220 000	774 000	672 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	153 000	169 000	180 000	211 000
Other Income	17 000	10 000	12 000	40 000
Revenue	170 000	179 000	192 000	251 000
Cost of Goods Sold	10 000	61 000	26 000	66 000
Salary Costs	0	0	0	16 000
Depreciation	7 000	9 000	11 000	11 000
Impairment	0	0	0	0
Expenditure	112 000	156 000	194 000	172 000
Operating Profit	57 000	23 000	−2 000	79 000
Financial Income	0	0	0	0
Financial Costs	0	518 000	1 000	0
Financial Balance	0	−518 000	−1 000	0
Dividends	0	0	0	0
Net Income	44 000	−500 000	−3 000	61 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	105 000	112 000	119 000	126 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	2 000	6 000
Total Tangible Assets	105 000	112 000	121 000	132 000
Total Fiancial Fixed Assets	0	77 000	77 000	431 000
Total Fixed Assets	105 000	189 000	197 000	563 000
Stock	0	0	0	0
Total Investments	0	0	517 000	0
Cash, Bank	51 000	23 000	33 000	98 000
Total Current Assets	100 000	31 000	577 000	109 000
Total Assets	205 000	220 000	774 000	672 000
Total Equity	159 000	114 000	613 000	616 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 000	3 000	9 000	1 000
Unpaid Taxes	28 000	20 000	30 000	37 000
Dividends	0	0	0	0
Other Current Debt	3 000	76 000	123 000	0
Total Current Debt	46 000	105 000	162 000	56 000
Total Equity and Debt	205 000	220 000	774 000	672 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,67 %	−438,6 %	−0,49 %	9,9 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	33,53 %	12,85 %	−1,04 %	31,47 %
Current Ratio	2,17	0,3	3,56	1,95
Quick Ratio	2,17	0,3	3,56	1,95
Equity Ratio	0,78	0,52	0,79	0,92
Gross Profit Margin	94,12 %	65,92 %	86,46 %	73,71 %