THETA DEVELOPMENT AS

5162 LAKSEVÅG

Finances

Share Ownership

Return on Equity

50,38 %

Current Ratio

1,84

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 489 000	3 314 000	2 677 000	3 382 000
Net Income	918 000	316 000	851 000	737 000
Total Assets	3 949 000	3 104 000	3 114 000	2 728 000
Total Equity	1 822 000	2 417 000	2 113 000	1 674 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 489 000	3 314 000	2 677 000	3 382 000
Expenditure	2 406 000	2 914 000	1 590 000	2 451 000
Operating Profit	1 083 000	400 000	1 087 000	931 000
Financial Income	8 000	6 000	5 000	15 000
Financial Costs	0	0	1 000	0
Financial Balance	8 000	6 000	4 000	15 000
Earnings Before Tax	1 091 000	406 000	1 091 000	946 000
Tax	173 000	89 000	240 000	209 000
Net Income	918 000	316 000	851 000	737 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	38 000	0	0	0
Total Current Assets	3 912 000	3 104 000	3 114 000	2 728 000
Total Assets	3 949 000	3 104 000	3 114 000	2 728 000
Total Retained Equity	1 792 000	2 387 000	2 083 000	1 644 000
Total Equity	1 822 000	2 417 000	2 113 000	1 674 000
Total Long-Term Debt	1 000	0	0	0
Total Current Debt	2 127 000	687 000	1 000 000	1 054 000
Total Equity and Debt	3 949 000	3 104 000	3 114 000	2 728 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 489 000	3 314 000	2 677 000	3 382 000
Other Income	0	0	0	0
Revenue	3 489 000	3 314 000	2 677 000	3 382 000
Cost of Goods Sold	0	0	0	0
Salary Costs	2 001 000	2 558 000	1 018 000	2 054 000
Depreciation	13 000	0	0	0
Impairment	0	0	0	0
Expenditure	2 406 000	2 914 000	1 590 000	2 451 000
Operating Profit	1 083 000	400 000	1 087 000	931 000
Financial Income	8 000	6 000	5 000	15 000
Financial Costs	0	0	1 000	0
Financial Balance	8 000	6 000	4 000	15 000
Dividends	1 500 000	0	400 000	400 000
Net Income	918 000	316 000	851 000	737 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	38 000	0	0	0
Total Tangible Assets	38 000	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	38 000	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 551 000	2 883 000	2 948 000	2 617 000
Total Current Assets	3 912 000	3 104 000	3 114 000	2 728 000
Total Assets	3 949 000	3 104 000	3 114 000	2 728 000
Total Equity	1 822 000	2 417 000	2 113 000	1 674 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	0	0	0
Creditors	24 000	17 000	66 000	9 000
Unpaid Taxes	277 000	251 000	39 000	159 000
Dividends	1 500 000	0	400 000	400 000
Other Current Debt	1 825 000	333 000	658 000	681 000
Total Current Debt	2 127 000	687 000	1 000 000	1 054 000
Total Equity and Debt	3 949 000	3 104 000	3 114 000	2 728 000

Financial indicators	2022	2021	2020	2019
Return on Equity	50,38 %	13,07 %	40,27 %	44,03 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	31,04 %	12,07 %	40,61 %	27,53 %
Current Ratio	1,84	4,52	3,11	2,59
Quick Ratio	1,84	4,52	3,11	2,59
Equity Ratio	0,46	0,78	0,68	0,61
Gross Profit Margin	100 %	100 %	100 %	100 %