LAUNES FRITIDSEIENDOM AS

4624 KRISTIANSAND S

Finances

Share Ownership

Return on Equity

8,22 %

Current Ratio

5,25

Debt-to-Equity Ratio

−1,46

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	64 000	12 417 000	0
Net Income	−572 000	−977 000	−3 196 000	−3 239 000
Total Assets	3 335 000	6 186 000	8 231 000	13 915 000
Total Equity	−6 957 000	−6 385 000	−5 408 000	−2 212 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	64 000	12 417 000	0
Expenditure	571 000	1 041 000	15 557 000	2 983 000
Operating Profit	−572 000	−977 000	−3 140 000	−2 983 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	56 000	256 000
Financial Balance	0	0	−56 000	−255 000
Earnings Before Tax	−572 000	−977 000	−3 196 000	−3 239 000
Tax	0	0	0	0
Net Income	−572 000	−977 000	−3 196 000	−3 239 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 500 000	2 500 000	2 500 000	2 500 000
Total Current Assets	835 000	3 686 000	5 731 000	11 415 000
Total Assets	3 335 000	6 186 000	8 231 000	13 915 000
Total Retained Equity	−7 957 000	−7 385 000	−6 408 000	−3 212 000
Total Equity	−6 957 000	−6 385 000	−5 408 000	−2 212 000
Total Long-Term Debt	10 134 000	12 473 000	13 024 000	15 874 000
Total Current Debt	159 000	97 000	615 000	254 000
Total Equity and Debt	3 335 000	6 186 000	8 231 000	13 915 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	64 000	12 417 000	0
Other Income	0	0	0	0
Revenue	0	64 000	12 417 000	0
Cost of Goods Sold	421 000	919 000	15 437 000	2 850 000
Salary Costs	0	0	1 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	571 000	1 041 000	15 557 000	2 983 000
Operating Profit	−572 000	−977 000	−3 140 000	−2 983 000
Financial Income	0	0	0	1 000
Financial Costs	0	0	56 000	256 000
Financial Balance	0	0	−56 000	−255 000
Dividends	0	0	0	0
Net Income	−572 000	−977 000	−3 196 000	−3 239 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	2 500 000	2 500 000	2 500 000	2 500 000
Total Fixed Assets	2 500 000	2 500 000	2 500 000	2 500 000
Stock	259 000	2 056 000	3 671 000	10 709 000
Total Investments	0	0	0	0
Cash, Bank	412 000	151 000	2 033 000	693 000
Total Current Assets	835 000	3 686 000	5 731 000	11 415 000
Total Assets	3 335 000	6 186 000	8 231 000	13 915 000
Total Equity	−6 957 000	−6 385 000	−5 408 000	−2 212 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	10 134 000	12 473 000	13 024 000	15 874 000
Creditors	159 000	97 000	99 000	253 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	517 000	1 000
Total Current Debt	159 000	97 000	615 000	254 000
Total Equity and Debt	3 335 000	6 186 000	8 231 000	13 915 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,22 %	15,3 %	59,1 %	146,43 %
Debt-to-Equity Ratio	−1,46	−1,95	−2,41	−7,18
Operating Profit Margin	-	−1 526,56 %	−25,29 %	-
Current Ratio	5,25	38	9,32	44,94
Quick Ratio	−8,35	−1,88	−1,88	−1,09
Equity Ratio	−2,09	−1,03	−0,66	−0,16
Gross Profit Margin	-	−1 335,94 %	−24,32 %	-