LARSEN ELCOM AS

8430 MYRE

Finances

Share Ownership

Return on Equity

40,7 %

Current Ratio

1,32

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	16 348 000	15 039 000	16 867 000	19 285 000
Net Income	1 123 000	2 209 000	1 376 000	3 039 000
Total Assets	11 018 000	12 676 000	12 810 000	14 536 000
Total Equity	2 759 000	4 518 000	3 694 000	3 961 000

Income (NOK)	2022	2021	2020	2019
Revenue	16 348 000	15 039 000	16 867 000	19 285 000
Expenditure	14 887 000	12 583 000	14 579 000	15 201 000
Operating Profit	1 462 000	2 457 000	2 288 000	4 085 000
Financial Income	0	346 000	3 000	5 000
Financial Costs	10 000	62 000	436 000	182 000
Financial Balance	−10 000	284 000	−433 000	−177 000
Earnings Before Tax	1 453 000	2 740 000	1 854 000	3 908 000
Tax	330 000	532 000	479 000	869 000
Net Income	1 123 000	2 209 000	1 376 000	3 039 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	290 000	425 000	3 097 000	3 501 000
Total Current Assets	10 728 000	12 251 000	9 713 000	11 035 000
Total Assets	11 018 000	12 676 000	12 810 000	14 536 000
Total Retained Equity	2 404 000	4 162 000	3 339 000	3 606 000
Total Equity	2 759 000	4 518 000	3 694 000	3 961 000
Total Long-Term Debt	141 000	227 000	2 929 000	3 404 000
Total Current Debt	8 118 000	7 932 000	6 187 000	7 170 000
Total Equity and Debt	11 018 000	12 676 000	12 810 000	14 536 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	16 348 000	15 039 000	16 180 000	19 832 000
Other Income	0	0	687 000	−547 000
Revenue	16 348 000	15 039 000	16 867 000	19 285 000
Cost of Goods Sold	8 388 000	6 079 000	8 178 000	10 280 000
Salary Costs	3 680 000	3 012 000	3 337 000	2 637 000
Depreciation	139 000	304 000	287 000	197 000
Impairment	0	0	0	0
Expenditure	14 887 000	12 583 000	14 579 000	15 201 000
Operating Profit	1 462 000	2 457 000	2 288 000	4 085 000
Financial Income	0	346 000	3 000	5 000
Financial Costs	10 000	62 000	436 000	182 000
Financial Balance	−10 000	284 000	−433 000	−177 000
Dividends	2 840 000	1 000 000	500 000	1 000 000
Net Income	1 123 000	2 209 000	1 376 000	3 039 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	194 000	190 000	188 000	42 000
Real Eastate	0	0	2 416 000	2 416 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	96 000	235 000	393 000	680 000
Total Tangible Assets	96 000	235 000	2 809 000	3 097 000
Total Fiancial Fixed Assets	0	0	100 000	362 000
Total Fixed Assets	290 000	425 000	3 097 000	3 501 000
Stock	3 386 000	3 659 000	2 788 000	2 431 000
Total Investments	0	0	0	0
Cash, Bank	1 847 000	678 000	412 000	449 000
Total Current Assets	10 728 000	12 251 000	9 713 000	11 035 000
Total Assets	11 018 000	12 676 000	12 810 000	14 536 000
Total Equity	2 759 000	4 518 000	3 694 000	3 961 000
Short-Term Group Debt	2 038 000	0	0	0
Total Long-Term Debt	141 000	227 000	2 929 000	3 404 000
Creditors	1 369 000	1 150 000	518 000	1 477 000
Unpaid Taxes	1 155 000	1 463 000	1 444 000	1 176 000
Dividends	2 840 000	1 000 000	500 000	1 000 000
Other Current Debt	394 000	2 394 000	2 424 000	2 998 000
Total Current Debt	8 118 000	7 932 000	6 187 000	7 170 000
Total Equity and Debt	11 018 000	12 676 000	12 810 000	14 536 000

Financial indicators	2022	2021	2020	2019
Return on Equity	40,7 %	48,89 %	37,25 %	76,72 %
Debt-to-Equity Ratio	0,05	0,05	0,79	0,86
Operating Profit Margin	8,94 %	16,34 %	13,56 %	21,18 %
Current Ratio	1,32	1,54	1,57	1,54
Quick Ratio	2,27	2,87	2,86	2,33
Equity Ratio	0,25	0,36	0,29	0,27
Gross Profit Margin	48,69 %	59,58 %	51,51 %	46,69 %