HARSTAD MEK VERKSTED AS

9404 HARSTAD

Finances

Share Ownership

Return on Equity

76,64 %

Current Ratio

1,04

Debt-to-Equity Ratio

0,97

Key figures (NOK)	2022	2021	2020	2019
Revenue	222 235 000	166 887 000	153 854 000	162 696 000
Net Income	15 528 000	4 435 000	2 772 000	1 284 000
Total Assets	83 686 000	63 225 000	50 626 000	63 757 000
Total Equity	20 262 000	18 242 000	13 852 000	13 253 000

Income (NOK)	2022	2021	2020	2019
Revenue	222 235 000	166 887 000	153 854 000	162 696 000
Expenditure	202 720 000	160 750 000	149 732 000	160 462 000
Operating Profit	19 538 000	6 051 000	4 123 000	2 233 000
Financial Income	1 178 000	10 000	83 000	11 000
Financial Costs	803 000	379 000	639 000	586 000
Financial Balance	375 000	−369 000	−556 000	−575 000
Earnings Before Tax	19 913 000	5 682 000	3 566 000	1 659 000
Tax	4 385 000	1 247 000	794 000	374 000
Net Income	15 528 000	4 435 000	2 772 000	1 284 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	38 267 000	24 570 000	24 210 000	18 201 000
Total Current Assets	45 419 000	38 655 000	26 416 000	45 556 000
Total Assets	83 686 000	63 225 000	50 626 000	63 757 000
Total Retained Equity	0	14 042 000	13 352 000	12 753 000
Total Equity	20 262 000	18 242 000	13 852 000	13 253 000
Total Long-Term Debt	19 665 000	19 172 000	12 998 000	9 640 000
Total Current Debt	43 759 000	25 812 000	23 776 000	40 864 000
Total Equity and Debt	83 686 000	63 225 000	50 626 000	63 757 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	221 597 000	166 419 000	153 754 000	162 696 000
Other Income	639 000	468 000	100 000	0
Revenue	222 235 000	166 887 000	153 854 000	162 696 000
Cost of Goods Sold	87 094 000	52 780 000	51 287 000	62 836 000
Salary Costs	70 523 000	67 858 000	62 013 000	61 467 000
Depreciation	4 032 000	3 626 000	3 178 000	2 805 000
Impairment	0	0	0	0
Expenditure	202 720 000	160 750 000	149 732 000	160 462 000
Operating Profit	19 538 000	6 051 000	4 123 000	2 233 000
Financial Income	1 178 000	10 000	83 000	11 000
Financial Costs	803 000	379 000	639 000	586 000
Financial Balance	375 000	−369 000	−556 000	−575 000
Dividends	0	0	0	0
Net Income	15 528 000	4 435 000	2 772 000	1 284 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	788 000	0	0
Machinery and Plant Facilities	17 599 000	16 693 000	16 624 000	11 551 000
Fixtures	11 556 000	6 977 000	7 328 000	6 477 000
Total Tangible Assets	29 156 000	24 458 000	23 952 000	18 028 000
Total Fiancial Fixed Assets	9 112 000	112 000	257 000	173 000
Total Fixed Assets	38 267 000	24 570 000	24 210 000	18 201 000
Stock	2 567 000	2 545 000	2 631 000	2 599 000
Total Investments	0	0	0	0
Cash, Bank	18 004 000	21 119 000	8 329 000	3 495 000
Total Current Assets	45 419 000	38 655 000	26 416 000	45 556 000
Total Assets	83 686 000	63 225 000	50 626 000	63 757 000
Total Equity	20 262 000	18 242 000	13 852 000	13 253 000
Short-Term Group Debt	19 842 000	4 801 000	8 199 000	6 652 000
Total Long-Term Debt	19 665 000	19 172 000	12 998 000	9 640 000
Creditors	8 958 000	9 199 000	5 078 000	11 974 000
Unpaid Taxes	3 514 000	3 606 000	3 128 000	3 417 000
Dividends	0	0	0	0
Other Current Debt	11 445 000	8 206 000	7 370 000	6 620 000
Total Current Debt	43 759 000	25 812 000	23 776 000	40 864 000
Total Equity and Debt	83 686 000	63 225 000	50 626 000	63 757 000

Financial indicators	2022	2021	2020	2019
Return on Equity	76,64 %	24,31 %	20,01 %	9,69 %
Debt-to-Equity Ratio	0,97	1,05	0,94	0,73
Operating Profit Margin	8,79 %	3,63 %	2,68 %	1,37 %
Current Ratio	1,04	1,5	1,11	1,11
Quick Ratio	1,1	1,66	1,25	1,19
Equity Ratio	0,24	0,29	0,27	0,21
Gross Profit Margin	60,81 %	68,37 %	66,67 %	61,38 %