LATECH AS

8392 SØRVÅGEN

Finances

Share Ownership

Return on Equity

12,68 %

Current Ratio

3,86

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	37 685 000	27 530 000	26 381 000	36 130 000
Net Income	2 250 000	632 000	1 317 000	5 414 000
Total Assets	23 831 000	22 576 000	22 076 000	22 164 000
Total Equity	17 747 000	15 497 000	14 865 000	13 548 000

Income (NOK)	2022	2021	2020	2019
Revenue	37 685 000	27 530 000	26 381 000	36 130 000
Expenditure	37 082 000	26 173 000	23 817 000	30 991 000
Operating Profit	2 718 000	942 000	1 867 000	7 100 000
Financial Income	343 000	136 000	30 000	31 000
Financial Costs	219 000	169 000	214 000	174 000
Financial Balance	124 000	−33 000	−184 000	−143 000
Earnings Before Tax	2 842 000	909 000	1 683 000	6 957 000
Tax	593 000	277 000	366 000	1 543 000
Net Income	2 250 000	632 000	1 317 000	5 414 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	345 000	387 000	527 000	139 000
Total Current Assets	23 486 000	22 189 000	21 549 000	22 025 000
Total Assets	23 831 000	22 576 000	22 076 000	22 164 000
Total Retained Equity	17 717 000	15 467 000	14 835 000	13 518 000
Total Equity	17 747 000	15 497 000	14 865 000	13 548 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	6 085 000	7 079 000	7 211 000	8 616 000
Total Equity and Debt	23 831 000	22 576 000	22 076 000	22 164 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	37 685 000	27 530 000	26 381 000	36 130 000
Other Income	0	0	0	0
Revenue	37 685 000	27 530 000	26 381 000	36 130 000
Cost of Goods Sold	22 476 000	13 967 000	13 398 000	19 301 000
Salary Costs	8 480 000	7 613 000	6 695 000	8 289 000
Depreciation	107 000	102 000	76 000	15 000
Impairment	0	0	0	0
Expenditure	37 082 000	26 173 000	23 817 000	30 991 000
Operating Profit	2 718 000	942 000	1 867 000	7 100 000
Financial Income	343 000	136 000	30 000	31 000
Financial Costs	219 000	169 000	214 000	174 000
Financial Balance	124 000	−33 000	−184 000	−143 000
Dividends	0	0	0	0
Net Income	2 250 000	632 000	1 317 000	5 414 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	106 000	153 000	200 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	239 000	204 000	204 000	139 000
Total Tangible Assets	239 000	204 000	204 000	139 000
Total Fiancial Fixed Assets	0	30 000	123 000	0
Total Fixed Assets	345 000	387 000	527 000	139 000
Stock	2 871 000	765 000	1 180 000	2 264 000
Total Investments	3 439 000	2 045 000	0	0
Cash, Bank	14 760 000	14 301 000	17 084 000	14 895 000
Total Current Assets	23 486 000	22 189 000	21 549 000	22 025 000
Total Assets	23 831 000	22 576 000	22 076 000	22 164 000
Total Equity	17 747 000	15 497 000	14 865 000	13 548 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 665 000	816 000	917 000	1 101 000
Unpaid Taxes	870 000	657 000	507 000	520 000
Dividends	0	0	0	0
Other Current Debt	2 977 000	5 337 000	5 631 000	5 452 000
Total Current Debt	6 085 000	7 079 000	7 211 000	8 616 000
Total Equity and Debt	23 831 000	22 576 000	22 076 000	22 164 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,68 %	4,08 %	8,86 %	39,96 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	7,21 %	3,42 %	7,08 %	19,65 %
Current Ratio	3,86	3,13	2,99	2,56
Quick Ratio	7,31	3,51	3,57	3,47
Equity Ratio	0,74	0,69	0,67	0,61
Gross Profit Margin	40,36 %	49,27 %	49,21 %	46,58 %