LH MEK AS

6957 HYLLESTAD

Finances

Share Ownership

Return on Equity

24,27 %

Current Ratio

1,53

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 687 000	4 323 000	4 420 000	1 605 000
Net Income	306 000	164 000	521 000	71 000
Total Assets	2 337 000	2 553 000	1 744 000	713 000
Total Equity	1 261 000	956 000	792 000	271 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 687 000	4 323 000	4 420 000	1 605 000
Expenditure	5 295 000	4 112 000	3 758 000	1 507 000
Operating Profit	392 000	211 000	663 000	99 000
Financial Income	0	0	−1 000	0
Financial Costs	0	0	2 000	0
Financial Balance	0	0	−3 000	0
Earnings Before Tax	392 000	211 000	660 000	98 000
Tax	86 000	46 000	139 000	28 000
Net Income	306 000	164 000	521 000	71 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	708 000	828 000	146 000	219 000
Total Current Assets	1 629 000	1 725 000	1 598 000	494 000
Total Assets	2 337 000	2 553 000	1 744 000	713 000
Total Retained Equity	1 061 000	756 000	592 000	71 000
Total Equity	1 261 000	956 000	792 000	271 000
Total Long-Term Debt	12 000	17 000	10 000	0
Total Current Debt	1 064 000	1 580 000	942 000	442 000
Total Equity and Debt	2 337 000	2 553 000	1 744 000	713 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 687 000	4 323 000	4 411 000	1 605 000
Other Income	0	0	10 000	0
Revenue	5 687 000	4 323 000	4 420 000	1 605 000
Cost of Goods Sold	2 783 000	2 228 000	1 829 000	722 000
Salary Costs	1 613 000	1 337 000	1 347 000	456 000
Depreciation	128 000	64 000	38 000	16 000
Impairment	0	0	0	0
Expenditure	5 295 000	4 112 000	3 758 000	1 507 000
Operating Profit	392 000	211 000	663 000	99 000
Financial Income	0	0	−1 000	0
Financial Costs	0	0	2 000	0
Financial Balance	0	0	−3 000	0
Dividends	0	0	0	0
Net Income	306 000	164 000	521 000	71 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	535 000	630 000	0	0
Machinery and Plant Facilities	42 000	104 000	14 000	50 000
Fixtures	131 000	95 000	132 000	168 000
Total Tangible Assets	708 000	828 000	146 000	219 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	708 000	828 000	146 000	219 000
Stock	395 000	18 000	82 000	84 000
Total Investments	0	0	0	0
Cash, Bank	826 000	847 000	723 000	95 000
Total Current Assets	1 629 000	1 725 000	1 598 000	494 000
Total Assets	2 337 000	2 553 000	1 744 000	713 000
Total Equity	1 261 000	956 000	792 000	271 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	12 000	17 000	10 000	0
Creditors	432 000	1 219 000	316 000	122 000
Unpaid Taxes	180 000	63 000	213 000	138 000
Dividends	0	0	0	0
Other Current Debt	359 000	259 000	284 000	155 000
Total Current Debt	1 064 000	1 580 000	942 000	442 000
Total Equity and Debt	2 337 000	2 553 000	1 744 000	713 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,27 %	17,15 %	65,78 %	26,2 %
Debt-to-Equity Ratio	0,01	0,02	0,01	0
Operating Profit Margin	6,89 %	4,88 %	15 %	6,17 %
Current Ratio	1,53	1,09	1,7	1,12
Quick Ratio	2,43	1,1	1,86	1,38
Equity Ratio	0,54	0,37	0,45	0,38
Gross Profit Margin	51,06 %	48,46 %	58,62 %	55,02 %