LOFOTHEST AS

8357 VALBERG

Finances

Share Ownership

Return on Equity

11,35 %

Current Ratio

3,46

Debt-to-Equity Ratio

−1,61

Key figures (NOK)	2022	2021	2020	2019
Revenue	62 000	6 000	118 000	73 000
Net Income	−150 000	−257 000	−34 000	−59 000
Total Assets	1 100 000	884 000	790 000	803 000
Total Equity	−1 322 000	−1 142 000	−885 000	−822 000

Income (NOK)	2022	2021	2020	2019
Revenue	62 000	6 000	118 000	73 000
Expenditure	212 000	264 000	151 000	123 000
Operating Profit	−150 000	−257 000	−34 000	−50 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	9 000
Financial Balance	0	0	0	−9 000
Earnings Before Tax	−150 000	−257 000	−34 000	−59 000
Tax	0	0	0	0
Net Income	−150 000	−257 000	−34 000	−59 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	85 000	128 000	1 000	1 000
Total Current Assets	1 016 000	757 000	789 000	802 000
Total Assets	1 100 000	884 000	790 000	803 000
Total Retained Equity	−1 512 000	−1 362 000	−1 105 000	−1 072 000
Total Equity	−1 322 000	−1 142 000	−885 000	−822 000
Total Long-Term Debt	2 128 000	2 083 000	1 669 000	1 669 000
Total Current Debt	294 000	−57 000	7 000	−45 000
Total Equity and Debt	1 100 000	884 000	790 000	803 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	28 000	6 000	112 000	15 000
Other Income	34 000	0	6 000	58 000
Revenue	62 000	6 000	118 000	73 000
Cost of Goods Sold	0	1 000	8 000	0
Salary Costs	2 000	9 000	4 000	1 000
Depreciation	43 000	23 000	0	0
Impairment	0	0	0	0
Expenditure	212 000	264 000	151 000	123 000
Operating Profit	−150 000	−257 000	−34 000	−50 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	9 000
Financial Balance	0	0	0	−9 000
Dividends	0	0	0	0
Net Income	−150 000	−257 000	−34 000	−59 000

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	84 000	126 000	0	0
Total Tangible Assets	84 000	126 000	0	0
Total Fiancial Fixed Assets	1 000	1 000	1 000	1 000
Total Fixed Assets	85 000	128 000	1 000	1 000
Stock	837 000	837 000	837 000	837 000
Total Investments	0	0	0	0
Cash, Bank	8 000	−24 000	−26 000	−13 000
Total Current Assets	1 016 000	757 000	789 000	802 000
Total Assets	1 100 000	884 000	790 000	803 000
Total Equity	−1 322 000	−1 142 000	−885 000	−822 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 128 000	2 083 000	1 669 000	1 669 000
Creditors	50 000	50 000	32 000	53 000
Unpaid Taxes	47 000	−116 000	−33 000	−34 000
Dividends	0	0	0	0
Other Current Debt	82 000	18 000	16 000	−54 000
Total Current Debt	294 000	−57 000	7 000	−45 000
Total Equity and Debt	1 100 000	884 000	790 000	803 000

Financial indicators	2022	2021	2020	2019
Return on Equity	11,35 %	22,5 %	3,84 %	7,18 %
Debt-to-Equity Ratio	−1,61	−1,82	−1,89	−2,03
Operating Profit Margin	−241,94 %	−4 283,33 %	−28,81 %	−68,49 %
Current Ratio	3,46	−13,28	112,71	−17,82
Quick Ratio	−1,87	−0,85	−0,95	−0,91
Equity Ratio	−1,2	−1,29	−1,12	−1,02
Gross Profit Margin	100 %	83,33 %	93,22 %	100 %