TOR GEIR LØFTEN MASKIN AS

4262 AVALDSNES

Finances

Share Ownership

Return on Equity

19,93 %

Current Ratio

1,3

Debt-to-Equity Ratio

0,14

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 680 000	2 937 000	2 720 000	2 741 000
Net Income	181 000	41 000	188 000	−171 000
Total Assets	1 506 000	1 520 000	1 257 000	1 165 000
Total Equity	908 000	727 000	686 000	498 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 680 000	2 937 000	2 720 000	2 741 000
Expenditure	3 432 000	2 858 000	2 463 000	2 919 000
Operating Profit	248 000	80 000	257 000	−179 000
Financial Income	0	0	0	0
Financial Costs	15 000	28 000	16 000	41 000
Financial Balance	−15 000	−28 000	−16 000	−41 000
Earnings Before Tax	232 000	52 000	241 000	−220 000
Tax	51 000	11 000	53 000	−48 000
Net Income	181 000	41 000	188 000	−171 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	895 000	811 000	462 000	714 000
Total Current Assets	611 000	708 000	795 000	451 000
Total Assets	1 506 000	1 520 000	1 257 000	1 165 000
Total Retained Equity	878 000	697 000	656 000	468 000
Total Equity	908 000	727 000	686 000	498 000
Total Long-Term Debt	130 000	297 000	124 000	301 000
Total Current Debt	469 000	496 000	447 000	366 000
Total Equity and Debt	1 506 000	1 520 000	1 257 000	1 165 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 216 000	2 780 000	2 717 000	2 611 000
Other Income	464 000	157 000	3 000	129 000
Revenue	3 680 000	2 937 000	2 720 000	2 741 000
Cost of Goods Sold	989 000	906 000	488 000	503 000
Salary Costs	1 133 000	887 000	912 000	969 000
Depreciation	211 000	188 000	161 000	173 000
Impairment	0	0	0	0
Expenditure	3 432 000	2 858 000	2 463 000	2 919 000
Operating Profit	248 000	80 000	257 000	−179 000
Financial Income	0	0	0	0
Financial Costs	15 000	28 000	16 000	41 000
Financial Balance	−15 000	−28 000	−16 000	−41 000
Dividends	0	0	0	0
Net Income	181 000	41 000	188 000	−171 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	23 000	35 000	88 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	655 000	730 000	300 000	388 000
Fixtures	25 000	58 000	91 000	130 000
Total Tangible Assets	679 000	788 000	391 000	518 000
Total Fiancial Fixed Assets	216 000	0	36 000	108 000
Total Fixed Assets	895 000	811 000	462 000	714 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	155 000	211 000	263 000	242 000
Total Current Assets	611 000	708 000	795 000	451 000
Total Assets	1 506 000	1 520 000	1 257 000	1 165 000
Total Equity	908 000	727 000	686 000	498 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	130 000	297 000	124 000	301 000
Creditors	162 000	224 000	102 000	99 000
Unpaid Taxes	193 000	141 000	247 000	157 000
Dividends	0	0	0	0
Other Current Debt	113 000	131 000	99 000	110 000
Total Current Debt	469 000	496 000	447 000	366 000
Total Equity and Debt	1 506 000	1 520 000	1 257 000	1 165 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,93 %	5,64 %	27,41 %	−34,34 %
Debt-to-Equity Ratio	0,14	0,41	0,18	0,6
Operating Profit Margin	6,74 %	2,72 %	9,45 %	−6,53 %
Current Ratio	1,3	1,43	1,78	1,23
Quick Ratio	1,3	1,43	1,78	1,23
Equity Ratio	0,6	0,48	0,55	0,43
Gross Profit Margin	73,13 %	69,15 %	82,06 %	81,65 %