LØVAAS BYGG AS

6443 TORNES I ROMSDAL

Finances

Return on Equity

−22,34 %

Current Ratio

3,55

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 221 000	2 303 000	1 909 000	2 948 000
Net Income	−361 000	271 000	13 000	−201 000
Total Assets	2 021 000	2 809 000	2 168 000	2 405 000
Total Equity	1 616 000	1 977 000	2 007 000	1 993 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 221 000	2 303 000	1 909 000	2 948 000
Expenditure	1 698 000	1 967 000	1 937 000	3 225 000
Operating Profit	−477 000	339 000	−24 000	−276 000
Financial Income	14 000	8 000	42 000	19 000
Financial Costs	0	0	0	0
Financial Balance	14 000	8 000	42 000	19 000
Earnings Before Tax	−463 000	347 000	17 000	−258 000
Tax	−102 000	76 000	4 000	−57 000
Net Income	−361 000	271 000	13 000	−201 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	581 000	682 000	672 000	722 000
Total Current Assets	1 441 000	2 127 000	1 495 000	1 684 000
Total Assets	2 021 000	2 809 000	2 168 000	2 405 000
Total Retained Equity	1 593 000	1 955 000	1 984 000	1 970 000
Total Equity	1 616 000	1 977 000	2 007 000	1 993 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	406 000	832 000	161 000	412 000
Total Equity and Debt	2 021 000	2 809 000	2 168 000	2 405 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 221 000	2 303 000	1 901 000	2 948 000
Other Income	0	0	8 000	0
Revenue	1 221 000	2 303 000	1 909 000	2 948 000
Cost of Goods Sold	120 000	1 022 000	457 000	658 000
Salary Costs	935 000	905 000	868 000	1 702 000
Depreciation	90 000	77 000	100 000	106 000
Impairment	0	0	0	0
Expenditure	1 698 000	1 967 000	1 937 000	3 225 000
Operating Profit	−477 000	339 000	−24 000	−276 000
Financial Income	14 000	8 000	42 000	19 000
Financial Costs	0	0	0	0
Financial Balance	14 000	8 000	42 000	19 000
Dividends	0	300 000	0	0
Net Income	−361 000	271 000	13 000	−201 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	104 000	2 000	78 000	82 000
Real Eastate	0	101 000	101 000	101 000
Machinery and Plant Facilities	100 000	144 000	189 000	234 000
Fixtures	236 000	282 000	145 000	201 000
Total Tangible Assets	336 000	526 000	434 000	535 000
Total Fiancial Fixed Assets	141 000	154 000	160 000	105 000
Total Fixed Assets	581 000	682 000	672 000	722 000
Stock	4 000	4 000	0	0
Total Investments	0	0	0	0
Cash, Bank	987 000	776 000	1 770 000	1 379 000
Total Current Assets	1 441 000	2 127 000	1 495 000	1 684 000
Total Assets	2 021 000	2 809 000	2 168 000	2 405 000
Total Equity	1 616 000	1 977 000	2 007 000	1 993 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	100 000	86 000	17 000	102 000
Unpaid Taxes	139 000	350 000	66 000	146 000
Dividends	0	300 000	0	0
Other Current Debt	167 000	96 000	77 000	164 000
Total Current Debt	406 000	832 000	161 000	412 000
Total Equity and Debt	2 021 000	2 809 000	2 168 000	2 405 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−22,34 %	13,71 %	0,65 %	−10,09 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−39,07 %	14,72 %	−1,26 %	−9,36 %
Current Ratio	3,55	2,56	9,29	4,09
Quick Ratio	3,58	2,57	9,29	4,09
Equity Ratio	0,8	0,7	0,93	0,83
Gross Profit Margin	90,17 %	55,62 %	76,06 %	77,68 %