LOFOTSERVICE AS

8373 BALLSTAD

Finances

Share Ownership

Return on Equity

8,08 %

Current Ratio

2,1

Debt-to-Equity Ratio

3,59

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 473 000	1 421 000	1 099 000	1 724 000
Net Income	16 000	−48 000	−39 000	2 000
Total Assets	1 085 000	1 230 000	1 264 000	1 381 000
Total Equity	198 000	182 000	230 000	269 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 473 000	1 421 000	1 099 000	1 724 000
Expenditure	1 425 000	1 450 000	1 121 000	1 671 000
Operating Profit	48 000	−28 000	−22 000	52 000
Financial Income	1 000	0	0	0
Financial Costs	28 000	32 000	28 000	46 000
Financial Balance	−27 000	−32 000	−28 000	−46 000
Earnings Before Tax	21 000	−60 000	−50 000	7 000
Tax	5 000	−13 000	−11 000	5 000
Net Income	16 000	−48 000	−39 000	2 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	713 000	808 000	902 000	1 068 000
Total Current Assets	372 000	422 000	362 000	313 000
Total Assets	1 085 000	1 230 000	1 264 000	1 381 000
Total Retained Equity	168 000	152 000	200 000	239 000
Total Equity	198 000	182 000	230 000	269 000
Total Long-Term Debt	710 000	868 000	983 000	975 000
Total Current Debt	177 000	180 000	51 000	137 000
Total Equity and Debt	1 085 000	1 230 000	1 264 000	1 381 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 455 000	1 337 000	1 030 000	1 724 000
Other Income	18 000	84 000	69 000	0
Revenue	1 473 000	1 421 000	1 099 000	1 724 000
Cost of Goods Sold	346 000	401 000	262 000	317 000
Salary Costs	309 000	147 000	123 000	331 000
Depreciation	162 000	157 000	155 000	163 000
Impairment	0	0	0	0
Expenditure	1 425 000	1 450 000	1 121 000	1 671 000
Operating Profit	48 000	−28 000	−22 000	52 000
Financial Income	1 000	0	0	0
Financial Costs	28 000	32 000	28 000	46 000
Financial Balance	−27 000	−32 000	−28 000	−46 000
Dividends	0	0	0	0
Net Income	16 000	−48 000	−39 000	2 000

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	546 000	690 000	834 000	978 000
Fixtures	160 000	118 000	68 000	79 000
Total Tangible Assets	706 000	808 000	902 000	1 057 000
Total Fiancial Fixed Assets	7 000	0	0	11 000
Total Fixed Assets	713 000	808 000	902 000	1 068 000
Stock	217 000	177 000	183 000	110 000
Total Investments	0	0	0	0
Cash, Bank	25 000	102 000	18 000	17 000
Total Current Assets	372 000	422 000	362 000	313 000
Total Assets	1 085 000	1 230 000	1 264 000	1 381 000
Total Equity	198 000	182 000	230 000	269 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	710 000	868 000	983 000	975 000
Creditors	139 000	139 000	26 000	78 000
Unpaid Taxes	11 000	3 000	1 000	24 000
Dividends	0	0	0	0
Other Current Debt	27 000	39 000	24 000	34 000
Total Current Debt	177 000	180 000	51 000	137 000
Total Equity and Debt	1 085 000	1 230 000	1 264 000	1 381 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,08 %	−26,37 %	−16,96 %	0,74 %
Debt-to-Equity Ratio	3,59	4,77	4,27	3,62
Operating Profit Margin	3,26 %	−1,97 %	−2 %	3,02 %
Current Ratio	2,1	2,34	7,1	2,28
Quick Ratio	−9,3	140,67	−2,74	11,59
Equity Ratio	0,18	0,15	0,18	0,19
Gross Profit Margin	76,51 %	71,78 %	76,16 %	81,61 %