LUTELANDET OFFSHORE AS

6964 KORSSUND

Finances

Return on Equity

13,24 %

Current Ratio

8,72

Debt-to-Equity Ratio

−3,24

Key figures (NOK)	2022	2021	2020	2019
Revenue	540 000	543 000	1 253 000	2 800 000
Net Income	−3 021 000	−2 795 000	−1 900 000	−756 000
Total Assets	52 062 000	51 976 000	55 615 000	57 286 000
Total Equity	−22 811 000	−19 790 000	−16 995 000	−15 095 000

Income (NOK)	2022	2021	2020	2019
Revenue	540 000	543 000	1 253 000	2 800 000
Expenditure	3 429 000	3 201 000	3 023 000	3 424 000
Operating Profit	−2 889 000	−2 659 000	−1 771 000	−624 000
Financial Income	0	2 000	0	0
Financial Costs	132 000	138 000	130 000	132 000
Financial Balance	−132 000	−136 000	−130 000	−132 000
Earnings Before Tax	−3 021 000	−2 795 000	−1 900 000	−756 000
Tax	0	0	0	0
Net Income	−3 021 000	−2 795 000	−1 900 000	−756 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	42 936 000	44 217 000	47 867 000	50 330 000
Total Current Assets	9 126 000	7 758 000	7 748 000	6 955 000
Total Assets	52 062 000	51 976 000	55 615 000	57 286 000
Total Retained Equity	−22 911 000	−19 890 000	−17 095 000	−15 195 000
Total Equity	−22 811 000	−19 790 000	−16 995 000	−15 095 000
Total Long-Term Debt	73 826 000	65 696 000	65 568 000	65 441 000
Total Current Debt	1 047 000	6 070 000	7 043 000	6 940 000
Total Equity and Debt	52 062 000	51 976 000	55 615 000	57 286 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	80 000	83 000	793 000	1 000 000
Other Income	460 000	460 000	460 000	1 800 000
Revenue	540 000	543 000	1 253 000	2 800 000
Cost of Goods Sold	0	0	0	0
Salary Costs	687 000	510 000	488 000	757 000
Depreciation	20 000	15 000	0	0
Impairment	0	0	0	0
Expenditure	3 429 000	3 201 000	3 023 000	3 424 000
Operating Profit	−2 889 000	−2 659 000	−1 771 000	−624 000
Financial Income	0	2 000	0	0
Financial Costs	132 000	138 000	130 000	132 000
Financial Balance	−132 000	−136 000	−130 000	−132 000
Dividends	0	0	0	0
Net Income	−3 021 000	−2 795 000	−1 900 000	−756 000

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	27 000	47 000	0	0
Total Tangible Assets	27 000	47 000	0	0
Total Fiancial Fixed Assets	42 910 000	44 171 000	47 867 000	50 330 000
Total Fixed Assets	42 936 000	44 217 000	47 867 000	50 330 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	188 000	188 000	80 000	35 000
Total Current Assets	9 126 000	7 758 000	7 748 000	6 955 000
Total Assets	52 062 000	51 976 000	55 615 000	57 286 000
Total Equity	−22 811 000	−19 790 000	−16 995 000	−15 095 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	73 826 000	65 696 000	65 568 000	65 441 000
Creditors	86 000	328 000	154 000	414 000
Unpaid Taxes	94 000	306 000	72 000	75 000
Dividends	0	0	0	0
Other Current Debt	84 000	72 000	1 947 000	1 979 000
Total Current Debt	1 047 000	6 070 000	7 043 000	6 940 000
Total Equity and Debt	52 062 000	51 976 000	55 615 000	57 286 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,24 %	14,12 %	11,18 %	5,01 %
Debt-to-Equity Ratio	−3,24	−3,32	−3,86	−4,34
Operating Profit Margin	−535 %	−489,69 %	−141,34 %	−22,29 %
Current Ratio	8,72	1,28	1,1	1
Quick Ratio	8,72	1,28	1,1	1
Equity Ratio	−0,44	−0,38	−0,31	−0,26
Gross Profit Margin	100 %	100 %	100 %	100 %