LATITUDE AS

1395 HVALSTAD

Finances

Return on Equity

29,57 %

Current Ratio

3,26

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 247 000	2 602 000	2 153 000	1 962 000
Net Income	309 000	536 000	139 000	−16 000
Total Assets	1 490 000	1 096 000	585 000	462 000
Total Equity	1 045 000	935 000	600 000	461 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 247 000	2 602 000	2 153 000	1 962 000
Expenditure	2 768 000	1 953 000	2 015 000	1 979 000
Operating Profit	479 000	649 000	139 000	−16 000
Financial Income	12 000	0	0	0
Financial Costs	62 000	0	0	0
Financial Balance	−50 000	0	0	0
Earnings Before Tax	428 000	649 000	139 000	−16 000
Tax	119 000	113 000	0	0
Net Income	309 000	536 000	139 000	−16 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	38 000	59 000	0	0
Total Current Assets	1 451 000	1 037 000	585 000	462 000
Total Assets	1 490 000	1 096 000	585 000	462 000
Total Retained Equity	945 000	835 000	500 000	361 000
Total Equity	1 045 000	935 000	600 000	461 000
Total Long-Term Debt	0	2 000	0	0
Total Current Debt	445 000	158 000	−14 000	1 000
Total Equity and Debt	1 490 000	1 096 000	585 000	462 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 247 000	2 602 000	2 153 000	1 962 000
Other Income	0	0	0	0
Revenue	3 247 000	2 602 000	2 153 000	1 962 000
Cost of Goods Sold	2 465 000	1 800 000	1 850 000	1 784 000
Salary Costs	0	0	1 000	1 000
Depreciation	20 000	2 000	0	0
Impairment	0	0	0	0
Expenditure	2 768 000	1 953 000	2 015 000	1 979 000
Operating Profit	479 000	649 000	139 000	−16 000
Financial Income	12 000	0	0	0
Financial Costs	62 000	0	0	0
Financial Balance	−50 000	0	0	0
Dividends	0	0	0	0
Net Income	309 000	536 000	139 000	−16 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	38 000	59 000	0	0
Total Tangible Assets	38 000	59 000	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	38 000	59 000	0	0
Stock	0	0	0	0
Total Investments	460 000	0	0	0
Cash, Bank	76 000	494 000	37 000	12 000
Total Current Assets	1 451 000	1 037 000	585 000	462 000
Total Assets	1 490 000	1 096 000	585 000	462 000
Total Equity	1 045 000	935 000	600 000	461 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	2 000	0	0
Creditors	250 000	0	0	0
Unpaid Taxes	74 000	47 000	−14 000	1 000
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	445 000	158 000	−14 000	1 000
Total Equity and Debt	1 490 000	1 096 000	585 000	462 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,57 %	57,33 %	23,17 %	−3,47 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	14,75 %	24,94 %	6,46 %	−0,82 %
Current Ratio	3,26	6,56	−41,79	462
Quick Ratio	3,26	6,56	−41,79	462
Equity Ratio	0,7	0,85	1,03	1
Gross Profit Margin	24,08 %	30,82 %	14,07 %	9,07 %