KUNSTKVARTERIET LOFOTEN SA

8370 LEKNES

Finances

Share Ownership

Return on Equity

−7,44 %

Current Ratio

1,64

Debt-to-Equity Ratio

0,91

Key figures (NOK)	2016	2015	2013	2012
Revenue	300 000	296 000	413 000	206 000
Net Income	−57 000	−23 000	94 000	−124 000
Total Assets	1 572 000	1 675 000	1 618 000	1 904 000
Total Equity	766 000	823 000	−815 000	−909 000

Income (NOK)	2016	2015	2013	2012
Revenue	300 000	296 000	413 000	206 000
Expenditure	314 000	267 000	220 000	238 000
Operating Profit	−14 000	28 000	193 000	−32 000
Financial Income	0	0	0	0
Financial Costs	43 000	51 000	99 000	92 000
Financial Balance	−43 000	−51 000	−99 000	−92 000
Earnings Before Tax	−57 000	−23 000	94 000	−124 000
Tax	0	0	0	0
Net Income	−57 000	−23 000	94 000	−124 000

Balance (NOK)	2016	2015	2013	2012
Total Fixed Assets	1 396 000	1 449 000	1 554 000	1 864 000
Total Current Assets	176 000	226 000	65 000	40 000
Total Assets	1 572 000	1 675 000	1 618 000	1 904 000
Total Retained Equity	−57 000	0	−917 000	−1 011 000
Total Equity	766 000	823 000	−815 000	−909 000
Total Long-Term Debt	698 000	758 000	1 751 000	1 926 000
Total Current Debt	107 000	94 000	683 000	887 000
Total Equity and Debt	1 572 000	1 675 000	1 618 000	1 904 000

Cash flow (NOK)	2016	2015	2013	2012
Sales Income	300 000	296 000	158 000	0
Other Income	0	0	256 000	206 000
Revenue	300 000	296 000	413 000	206 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	2 000	0
Depreciation	0	0	0	61 000
Impairment	0	0	0	0
Expenditure	314 000	267 000	220 000	238 000
Operating Profit	−14 000	28 000	193 000	−32 000
Financial Income	0	0	0	0
Financial Costs	43 000	51 000	99 000	92 000
Financial Balance	−43 000	−51 000	−99 000	−92 000
Dividends	0	0	0	0
Net Income	−57 000	−23 000	94 000	−124 000

Balance details (NOK)	2016	2015	2013	2012
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 396 000	1 449 000	1 549 000	1 859 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	5 000	5 000
Total Tangible Assets	1 396 000	1 449 000	1 554 000	1 864 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 396 000	1 449 000	1 554 000	1 864 000
Stock	176 000	226 000	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	65 000	21 000
Total Current Assets	176 000	226 000	65 000	40 000
Total Assets	1 572 000	1 675 000	1 618 000	1 904 000
Total Equity	766 000	823 000	−815 000	−909 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	698 000	758 000	1 751 000	1 926 000
Creditors	0	0	421 000	207 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	107 000	94 000	261 000	480 000
Total Current Debt	107 000	94 000	683 000	887 000
Total Equity and Debt	1 572 000	1 675 000	1 618 000	1 904 000

Financial indicators	2016	2015	2013	2012
Return on Equity	−7,44 %	−2,79 %	−11,53 %	13,64 %
Debt-to-Equity Ratio	0,91	0,92	−2,15	−2,12
Operating Profit Margin	−4,67 %	9,46 %	46,73 %	−15,53 %
Current Ratio	1,64	2,4	0,1	0,05
Quick Ratio	−2,55	−1,71	0,1	0,05
Equity Ratio	0,49	0,49	−0,5	−0,48
Gross Profit Margin	100 %	100 %	100 %	100 %