THE TIDE LOFOTEN AS

8392 SØRVÅGEN

Finances

Share Ownership

Return on Equity

−99,74 %

Current Ratio

0,71

Debt-to-Equity Ratio

−0,79

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 614 000	10 226 000	11 174 000	10 086 000
Net Income	762 000	−1 071 000	139 000	−760 000
Total Assets	3 744 000	2 342 000	2 837 000	1 899 000
Total Equity	−764 000	−1 526 000	−454 000	−593 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 614 000	10 226 000	11 174 000	10 086 000
Expenditure	11 808 000	11 258 000	10 975 000	10 843 000
Operating Profit	806 000	−1 031 000	199 000	−757 000
Financial Income	−1 000	0	1 000	0
Financial Costs	43 000	40 000	62 000	4 000
Financial Balance	−44 000	−40 000	−61 000	−4 000
Earnings Before Tax	762 000	−1 071 000	139 000	−760 000
Tax	0	0	0	0
Net Income	762 000	−1 071 000	139 000	−760 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	962 000	403 000	280 000	181 000
Total Current Assets	2 782 000	1 939 000	2 557 000	1 718 000
Total Assets	3 744 000	2 342 000	2 837 000	1 899 000
Total Retained Equity	−794 000	−1 556 000	−484 000	−623 000
Total Equity	−764 000	−1 526 000	−454 000	−593 000
Total Long-Term Debt	605 000	754 000	902 000	1 000 000
Total Current Debt	3 903 000	3 114 000	2 389 000	1 492 000
Total Equity and Debt	3 744 000	2 342 000	2 837 000	1 899 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 377 000	10 035 000	11 110 000	10 056 000
Other Income	237 000	191 000	64 000	30 000
Revenue	12 614 000	10 226 000	11 174 000	10 086 000
Cost of Goods Sold	1 325 000	1 090 000	1 282 000	1 093 000
Salary Costs	2 459 000	3 146 000	2 879 000	3 289 000
Depreciation	193 000	118 000	52 000	16 000
Impairment	0	0	0	0
Expenditure	11 808 000	11 258 000	10 975 000	10 843 000
Operating Profit	806 000	−1 031 000	199 000	−757 000
Financial Income	−1 000	0	1 000	0
Financial Costs	43 000	40 000	62 000	4 000
Financial Balance	−44 000	−40 000	−61 000	−4 000
Dividends	0	0	0	0
Net Income	762 000	−1 071 000	139 000	−760 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	559 000	193 000	0	0
Real Eastate	31 000	0	0	0
Machinery and Plant Facilities	123 000	0	0	0
Fixtures	234 000	210 000	280 000	181 000
Total Tangible Assets	389 000	210 000	280 000	181 000
Total Fiancial Fixed Assets	15 000	0	0	0
Total Fixed Assets	962 000	403 000	280 000	181 000
Stock	174 000	169 000	92 000	112 000
Total Investments	0	0	0	0
Cash, Bank	546 000	1 053 000	1 131 000	82 000
Total Current Assets	2 782 000	1 939 000	2 557 000	1 718 000
Total Assets	3 744 000	2 342 000	2 837 000	1 899 000
Total Equity	−764 000	−1 526 000	−454 000	−593 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	605 000	754 000	902 000	1 000 000
Creditors	3 192 000	2 249 000	1 448 000	474 000
Unpaid Taxes	187 000	94 000	83 000	95 000
Dividends	0	0	0	0
Other Current Debt	523 000	769 000	858 000	470 000
Total Current Debt	3 903 000	3 114 000	2 389 000	1 492 000
Total Equity and Debt	3 744 000	2 342 000	2 837 000	1 899 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−99,74 %	70,18 %	−30,62 %	128,16 %
Debt-to-Equity Ratio	−0,79	−0,49	−1,99	−1,69
Operating Profit Margin	6,39 %	−10,08 %	1,78 %	−7,51 %
Current Ratio	0,71	0,62	1,07	1,15
Quick Ratio	0,75	0,66	1,11	1,24
Equity Ratio	−0,2	−0,65	−0,16	−0,31
Gross Profit Margin	89,5 %	89,34 %	88,53 %	89,16 %