LÅSESMEDMESTER HVEDING AS

4050 SOLA

Finances

Share Ownership

Return on Equity

24,95 %

Current Ratio

2,95

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 408 000	3 531 000	3 100 000	2 809 000
Net Income	404 000	263 000	144 000	145 000
Total Assets	2 390 000	2 165 000	2 073 000	1 793 000
Total Equity	1 619 000	1 365 000	1 202 000	1 057 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 408 000	3 531 000	3 100 000	2 809 000
Expenditure	2 873 000	3 177 000	2 881 000	2 590 000
Operating Profit	535 000	354 000	218 000	218 000
Financial Income	1 000	3 000	1 000	1 000
Financial Costs	18 000	19 000	34 000	33 000
Financial Balance	−17 000	−16 000	−33 000	−32 000
Earnings Before Tax	518 000	338 000	185 000	186 000
Tax	114 000	74 000	41 000	41 000
Net Income	404 000	263 000	144 000	145 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	111 000	142 000	202 000	222 000
Total Current Assets	2 279 000	2 023 000	1 872 000	1 572 000
Total Assets	2 390 000	2 165 000	2 073 000	1 793 000
Total Retained Equity	1 519 000	1 265 000	1 102 000	957 000
Total Equity	1 619 000	1 365 000	1 202 000	1 057 000
Total Long-Term Debt	0	0	50 000	107 000
Total Current Debt	772 000	800 000	822 000	629 000
Total Equity and Debt	2 390 000	2 165 000	2 073 000	1 793 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 408 000	3 431 000	3 100 000	2 721 000
Other Income	0	100 000	0	88 000
Revenue	3 408 000	3 531 000	3 100 000	2 809 000
Cost of Goods Sold	1 393 000	1 282 000	1 126 000	1 031 000
Salary Costs	755 000	1 208 000	1 143 000	900 000
Depreciation	62 000	63 000	39 000	17 000
Impairment	0	0	0	0
Expenditure	2 873 000	3 177 000	2 881 000	2 590 000
Operating Profit	535 000	354 000	218 000	218 000
Financial Income	1 000	3 000	1 000	1 000
Financial Costs	18 000	19 000	34 000	33 000
Financial Balance	−17 000	−16 000	−33 000	−32 000
Dividends	150 000	100 000	0	0
Net Income	404 000	263 000	144 000	145 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 000	9 000	5 000	3 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	102 000	133 000	197 000	218 000
Total Tangible Assets	102 000	133 000	197 000	218 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	111 000	142 000	202 000	222 000
Stock	1 557 000	1 555 000	1 385 000	1 307 000
Total Investments	0	0	0	0
Cash, Bank	423 000	97 000	52 000	87 000
Total Current Assets	2 279 000	2 023 000	1 872 000	1 572 000
Total Assets	2 390 000	2 165 000	2 073 000	1 793 000
Total Equity	1 619 000	1 365 000	1 202 000	1 057 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	50 000	107 000
Creditors	247 000	219 000	367 000	185 000
Unpaid Taxes	158 000	232 000	253 000	211 000
Dividends	150 000	100 000	0	0
Other Current Debt	252 000	120 000	159 000	104 000
Total Current Debt	772 000	800 000	822 000	629 000
Total Equity and Debt	2 390 000	2 165 000	2 073 000	1 793 000

Financial indicators	2022	2021	2020	2019
Return on Equity	24,95 %	19,27 %	11,98 %	13,72 %
Debt-to-Equity Ratio	0	0	0,04	0,1
Operating Profit Margin	15,7 %	10,03 %	7,03 %	7,76 %
Current Ratio	2,95	2,53	2,28	2,5
Quick Ratio	−2,9	−2,68	−3,33	−2,32
Equity Ratio	0,68	0,63	0,58	0,59
Gross Profit Margin	59,13 %	63,69 %	63,68 %	63,3 %