K A LØVIK AS

5173 LODDEFJORD

Finances

Share Ownership

Return on Equity

−76,15 %

Current Ratio

1,5

Debt-to-Equity Ratio

0,07

Key figures (NOK)	2022	2021	2020	2019
Revenue	51 580 000	45 087 000	46 033 000	50 332 000
Net Income	−3 400 000	251 000	1 458 000	1 891 000
Total Assets	13 693 000	18 321 000	18 968 000	17 563 000
Total Equity	4 465 000	7 866 000	7 467 000	8 009 000

Income (NOK)	2022	2021	2020	2019
Revenue	51 580 000	45 087 000	46 033 000	50 332 000
Expenditure	55 238 000	44 785 000	44 167 000	47 962 000
Operating Profit	−3 657 000	302 000	1 867 000	2 369 000
Financial Income	20 000	48 000	54 000	87 000
Financial Costs	35 000	17 000	37 000	36 000
Financial Balance	−15 000	31 000	17 000	51 000
Earnings Before Tax	−3 672 000	333 000	1 884 000	2 420 000
Tax	−272 000	82 000	426 000	529 000
Net Income	−3 400 000	251 000	1 458 000	1 891 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	340 000	2 199 000	106 000	191 000
Total Current Assets	13 353 000	16 122 000	18 862 000	17 372 000
Total Assets	13 693 000	18 321 000	18 968 000	17 563 000
Total Retained Equity	−207 000	3 193 000	2 794 000	3 336 000
Total Equity	4 465 000	7 866 000	7 467 000	8 009 000
Total Long-Term Debt	313 000	585 000	461 000	1 398 000
Total Current Debt	8 915 000	9 871 000	11 040 000	8 156 000
Total Equity and Debt	13 693 000	18 321 000	18 968 000	17 563 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	51 430 000	44 678 000	46 033 000	50 332 000
Other Income	150 000	409 000	0	0
Revenue	51 580 000	45 087 000	46 033 000	50 332 000
Cost of Goods Sold	35 487 000	25 740 000	24 627 000	26 757 000
Salary Costs	16 420 000	15 729 000	16 703 000	17 897 000
Depreciation	59 000	74 000	97 000	182 000
Impairment	0	0	0	0
Expenditure	55 238 000	44 785 000	44 167 000	47 962 000
Operating Profit	−3 657 000	302 000	1 867 000	2 369 000
Financial Income	20 000	48 000	54 000	87 000
Financial Costs	35 000	17 000	37 000	36 000
Financial Balance	−15 000	31 000	17 000	51 000
Dividends	0	0	2 000 000	0
Net Income	−3 400 000	251 000	1 458 000	1 891 000

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	10 000
Fixtures	138 000	197 000	104 000	179 000
Total Tangible Assets	138 000	197 000	104 000	189 000
Total Fiancial Fixed Assets	202 000	2 002 000	2 000	2 000
Total Fixed Assets	340 000	2 199 000	106 000	191 000
Stock	571 000	1 216 000	501 000	594 000
Total Investments	6 000	6 000	6 000	494 000
Cash, Bank	4 277 000	6 039 000	11 927 000	8 142 000
Total Current Assets	13 353 000	16 122 000	18 862 000	17 372 000
Total Assets	13 693 000	18 321 000	18 968 000	17 563 000
Total Equity	4 465 000	7 866 000	7 467 000	8 009 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	313 000	585 000	461 000	1 398 000
Creditors	4 784 000	6 534 000	3 678 000	4 244 000
Unpaid Taxes	2 590 000	1 871 000	2 679 000	2 261 000
Dividends	0	0	2 000 000	0
Other Current Debt	1 540 000	1 466 000	1 556 000	1 650 000
Total Current Debt	8 915 000	9 871 000	11 040 000	8 156 000
Total Equity and Debt	13 693 000	18 321 000	18 968 000	17 563 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−76,15 %	3,19 %	19,53 %	23,61 %
Debt-to-Equity Ratio	0,07	0,07	0,06	0,17
Operating Profit Margin	−7,09 %	0,67 %	4,06 %	4,71 %
Current Ratio	1,5	1,63	1,71	2,13
Quick Ratio	1,6	1,86	1,79	2,3
Equity Ratio	0,33	0,43	0,39	0,46
Gross Profit Margin	31,2 %	42,91 %	46,5 %	46,84 %