LANDE MEK VERKSTED AS

1738 BORGENHAUGEN

Finances

Share Ownership

Return on Equity

17,02 %

Current Ratio

3,33

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	50 545 000	38 150 000	38 113 000	47 738 000
Net Income	4 126 000	1 456 000	1 160 000	6 196 000
Total Assets	33 972 000	30 140 000	28 222 000	30 443 000
Total Equity	24 249 000	20 923 000	19 966 000	19 306 000

Income (NOK)	2022	2021	2020	2019
Revenue	50 545 000	38 150 000	38 113 000	47 738 000
Expenditure	45 440 000	36 409 000	37 239 000	40 033 000
Operating Profit	5 105 000	1 741 000	1 374 000	7 704 000
Financial Income	168 000	91 000	100 000	193 000
Financial Costs	−12 000	17 000	27 000	73 000
Financial Balance	180 000	74 000	73 000	120 000
Earnings Before Tax	5 286 000	1 815 000	1 447 000	7 824 000
Tax	1 159 000	358 000	287 000	1 628 000
Net Income	4 126 000	1 456 000	1 160 000	6 196 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 621 000	1 965 000	2 070 000	2 580 000
Total Current Assets	32 351 000	28 175 000	26 152 000	27 863 000
Total Assets	33 972 000	30 140 000	28 222 000	30 443 000
Total Retained Equity	23 999 000	20 673 000	19 716 000	19 056 000
Total Equity	24 249 000	20 923 000	19 966 000	19 306 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	9 723 000	9 217 000	8 256 000	11 137 000
Total Equity and Debt	33 972 000	30 140 000	28 222 000	30 443 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	50 545 000	37 404 000	38 046 000	47 646 000
Other Income	0	745 000	67 000	92 000
Revenue	50 545 000	38 150 000	38 113 000	47 738 000
Cost of Goods Sold	21 643 000	17 374 000	17 705 000	17 461 000
Salary Costs	16 381 000	12 374 000	13 710 000	16 113 000
Depreciation	417 000	385 000	427 000	444 000
Impairment	0	0	0	0
Expenditure	45 440 000	36 409 000	37 239 000	40 033 000
Operating Profit	5 105 000	1 741 000	1 374 000	7 704 000
Financial Income	168 000	91 000	100 000	193 000
Financial Costs	−12 000	17 000	27 000	73 000
Financial Balance	180 000	74 000	73 000	120 000
Dividends	800 000	500 000	500 000	500 000
Net Income	4 126 000	1 456 000	1 160 000	6 196 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	82 000	307 000	371 000	549 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 539 000	1 651 000	1 692 000	2 023 000
Total Tangible Assets	1 539 000	1 651 000	1 692 000	2 023 000
Total Fiancial Fixed Assets	0	7 000	7 000	7 000
Total Fixed Assets	1 621 000	1 965 000	2 070 000	2 580 000
Stock	4 812 000	6 328 000	4 382 000	3 402 000
Total Investments	0	8 243 000	8 167 000	8 094 000
Cash, Bank	17 974 000	9 834 000	9 460 000	9 107 000
Total Current Assets	32 351 000	28 175 000	26 152 000	27 863 000
Total Assets	33 972 000	30 140 000	28 222 000	30 443 000
Total Equity	24 249 000	20 923 000	19 966 000	19 306 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	2 049 000	3 442 000	1 594 000	1 952 000
Unpaid Taxes	2 599 000	2 115 000	2 161 000	2 165 000
Dividends	800 000	500 000	500 000	500 000
Other Current Debt	3 340 000	3 073 000	4 001 000	5 431 000
Total Current Debt	9 723 000	9 217 000	8 256 000	11 137 000
Total Equity and Debt	33 972 000	30 140 000	28 222 000	30 443 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,02 %	6,96 %	5,81 %	32,09 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	10,1 %	4,56 %	3,61 %	16,14 %
Current Ratio	3,33	3,06	3,17	2,5
Quick Ratio	6,59	9,75	6,75	3,6
Equity Ratio	0,71	0,69	0,71	0,63
Gross Profit Margin	57,18 %	54,46 %	53,55 %	63,42 %