LETS AS

3120 NØTTERØY

Finances

Return on Equity

11,65 %

Current Ratio

3,34

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 501 000	4 740 000	4 252 000	3 698 000
Net Income	143 000	152 000	103 000	131 000
Total Assets	1 999 000	2 068 000	1 683 000	1 517 000
Total Equity	1 227 000	1 083 000	931 000	828 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 501 000	4 740 000	4 252 000	3 698 000
Expenditure	4 297 000	4 540 000	4 115 000	3 522 000
Operating Profit	204 000	199 000	138 000	177 000
Financial Income	3 000	0	0	0
Financial Costs	23 000	2 000	4 000	6 000
Financial Balance	−20 000	−2 000	−4 000	−6 000
Earnings Before Tax	184 000	197 000	133 000	171 000
Tax	40 000	44 000	30 000	40 000
Net Income	143 000	152 000	103 000	131 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	256 000	7 000	25 000	42 000
Total Current Assets	1 743 000	2 061 000	1 659 000	1 475 000
Total Assets	1 999 000	2 068 000	1 683 000	1 517 000
Total Retained Equity	1 127 000	983 000	831 000	728 000
Total Equity	1 227 000	1 083 000	931 000	828 000
Total Long-Term Debt	250 000	0	18 000	58 000
Total Current Debt	522 000	985 000	735 000	632 000
Total Equity and Debt	1 999 000	2 068 000	1 683 000	1 517 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 526 000	4 740 000	4 252 000	3 698 000
Other Income	−25 000	0	0	0
Revenue	4 501 000	4 740 000	4 252 000	3 698 000
Cost of Goods Sold	2 812 000	2 710 000	2 576 000	2 200 000
Salary Costs	903 000	1 336 000	1 045 000	811 000
Depreciation	0	18 000	20 000	20 000
Impairment	0	0	0	0
Expenditure	4 297 000	4 540 000	4 115 000	3 522 000
Operating Profit	204 000	199 000	138 000	177 000
Financial Income	3 000	0	0	0
Financial Costs	23 000	2 000	4 000	6 000
Financial Balance	−20 000	−2 000	−4 000	−6 000
Dividends	0	0	0	0
Net Income	143 000	152 000	103 000	131 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 000	7 000	5 000	2 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	20 000	40 000
Total Tangible Assets	0	0	20 000	40 000
Total Fiancial Fixed Assets	250 000	0	0	0
Total Fixed Assets	256 000	7 000	25 000	42 000
Stock	1 130 000	856 000	859 000	945 000
Total Investments	0	0	0	0
Cash, Bank	596 000	1 209 000	803 000	523 000
Total Current Assets	1 743 000	2 061 000	1 659 000	1 475 000
Total Assets	1 999 000	2 068 000	1 683 000	1 517 000
Total Equity	1 227 000	1 083 000	931 000	828 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	250 000	0	18 000	58 000
Creditors	112 000	111 000	79 000	140 000
Unpaid Taxes	126 000	167 000	101 000	127 000
Dividends	0	0	0	0
Other Current Debt	246 000	660 000	523 000	324 000
Total Current Debt	522 000	985 000	735 000	632 000
Total Equity and Debt	1 999 000	2 068 000	1 683 000	1 517 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,65 %	14,04 %	11,06 %	15,82 %
Debt-to-Equity Ratio	0,2	0	0,02	0,07
Operating Profit Margin	4,53 %	4,2 %	3,25 %	4,79 %
Current Ratio	3,34	2,09	2,26	2,33
Quick Ratio	−2,87	15,98	−13,38	−4,71
Equity Ratio	0,61	0,52	0,55	0,55
Gross Profit Margin	37,52 %	42,83 %	39,42 %	40,51 %