LETH SANDVIK AS

9013 TROMSØ

Finances

Return on Equity

19,59 %

Current Ratio

3,67

Debt-to-Equity Ratio

0,41

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 971 000	2 956 000	2 617 000	2 629 000
Net Income	857 000	948 000	777 000	636 000
Total Assets	6 703 000	6 362 000	5 444 000	5 469 000
Total Equity	4 375 000	3 868 000	2 920 000	2 143 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 971 000	2 956 000	2 617 000	2 629 000
Expenditure	1 794 000	1 689 000	1 536 000	1 699 000
Operating Profit	1 177 000	1 267 000	1 081 000	930 000
Financial Income	0	2 000	0	1 000
Financial Costs	70 000	51 000	84 000	116 000
Financial Balance	−70 000	−49 000	−84 000	−115 000
Earnings Before Tax	1 107 000	1 217 000	997 000	815 000
Tax	250 000	269 000	220 000	179 000
Net Income	857 000	948 000	777 000	636 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 704 000	4 781 000	4 209 000	4 213 000
Total Current Assets	1 998 000	1 581 000	1 235 000	1 256 000
Total Assets	6 703 000	6 362 000	5 444 000	5 469 000
Total Retained Equity	4 345 000	3 838 000	2 890 000	2 113 000
Total Equity	4 375 000	3 868 000	2 920 000	2 143 000
Total Long-Term Debt	1 783 000	1 899 000	2 019 000	2 820 000
Total Current Debt	544 000	594 000	505 000	507 000
Total Equity and Debt	6 703 000	6 362 000	5 444 000	5 469 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 826 000	2 795 000	2 453 000	2 437 000
Other Income	145 000	161 000	164 000	192 000
Revenue	2 971 000	2 956 000	2 617 000	2 629 000
Cost of Goods Sold	0	0	0	0
Salary Costs	1 414 000	1 409 000	1 270 000	1 400 000
Depreciation	55 000	55 000	50 000	46 000
Impairment	0	0	0	0
Expenditure	1 794 000	1 689 000	1 536 000	1 699 000
Operating Profit	1 177 000	1 267 000	1 081 000	930 000
Financial Income	0	2 000	0	1 000
Financial Costs	70 000	51 000	84 000	116 000
Financial Balance	−70 000	−49 000	−84 000	−115 000
Dividends	0	0	0	0
Net Income	857 000	948 000	777 000	636 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 021 000	4 021 000	4 021 000	4 021 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	78 000	133 000	188 000	192 000
Total Tangible Assets	4 098 000	4 154 000	4 209 000	4 213 000
Total Fiancial Fixed Assets	606 000	627 000	0	0
Total Fixed Assets	4 704 000	4 781 000	4 209 000	4 213 000
Stock	0	0	0	0
Total Investments	786 000	787 000	0	0
Cash, Bank	1 026 000	656 000	1 064 000	1 017 000
Total Current Assets	1 998 000	1 581 000	1 235 000	1 256 000
Total Assets	6 703 000	6 362 000	5 444 000	5 469 000
Total Equity	4 375 000	3 868 000	2 920 000	2 143 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 783 000	1 899 000	2 019 000	2 820 000
Creditors	1 000	0	3 000	1 000
Unpaid Taxes	87 000	89 000	98 000	99 000
Dividends	0	0	0	0
Other Current Debt	207 000	233 000	184 000	228 000
Total Current Debt	544 000	594 000	505 000	507 000
Total Equity and Debt	6 703 000	6 362 000	5 444 000	5 469 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,59 %	24,51 %	26,61 %	29,68 %
Debt-to-Equity Ratio	0,41	0,49	0,69	1,32
Operating Profit Margin	39,62 %	42,86 %	41,31 %	35,37 %
Current Ratio	3,67	2,66	2,45	2,48
Quick Ratio	3,67	2,66	2,45	2,48
Equity Ratio	0,65	0,61	0,54	0,39
Gross Profit Margin	100 %	100 %	100 %	100 %