S THORSTENSEN AS

8540 BALLANGEN

Finances

Return on Equity

5,99 %

Current Ratio

5,27

Debt-to-Equity Ratio

1,4

Key figures (NOK)	2022	2021	2020	2019
Revenue	18 919 000	20 100 000	19 721 000	19 254 000
Net Income	257 000	972 000	745 000	541 000
Total Assets	12 179 000	12 251 000	11 029 000	10 072 000
Total Equity	4 287 000	4 030 000	3 058 000	2 313 000

Income (NOK)	2022	2021	2020	2019
Revenue	18 919 000	20 100 000	19 721 000	19 254 000
Expenditure	18 244 000	18 576 000	18 502 000	18 230 000
Operating Profit	675 000	1 523 000	1 218 000	1 025 000
Financial Income	21 000	22 000	42 000	32 000
Financial Costs	333 000	278 000	315 000	340 000
Financial Balance	−312 000	−256 000	−273 000	−308 000
Earnings Before Tax	363 000	1 268 000	945 000	717 000
Tax	106 000	295 000	200 000	175 000
Net Income	257 000	972 000	745 000	541 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 225 000	2 371 000	2 417 000	1 993 000
Total Current Assets	9 954 000	9 880 000	8 612 000	8 079 000
Total Assets	12 179 000	12 251 000	11 029 000	10 072 000
Total Retained Equity	3 487 000	3 230 000	2 258 000	1 513 000
Total Equity	4 287 000	4 030 000	3 058 000	2 313 000
Total Long-Term Debt	6 002 000	6 115 000	5 599 000	5 175 000
Total Current Debt	1 889 000	2 106 000	2 372 000	2 584 000
Total Equity and Debt	12 179 000	12 251 000	11 029 000	10 072 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	18 919 000	20 100 000	19 721 000	19 254 000
Other Income	0	0	0	0
Revenue	18 919 000	20 100 000	19 721 000	19 254 000
Cost of Goods Sold	11 810 000	12 176 000	12 427 000	12 322 000
Salary Costs	4 215 000	4 110 000	4 255 000	4 010 000
Depreciation	146 000	142 000	119 000	75 000
Impairment	0	0	0	0
Expenditure	18 244 000	18 576 000	18 502 000	18 230 000
Operating Profit	675 000	1 523 000	1 218 000	1 025 000
Financial Income	21 000	22 000	42 000	32 000
Financial Costs	333 000	278 000	315 000	340 000
Financial Balance	−312 000	−256 000	−273 000	−308 000
Dividends	0	0	0	0
Net Income	257 000	972 000	745 000	541 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 062 000	2 176 000	2 290 000	1 955 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	163 000	195 000	126 000	38 000
Total Tangible Assets	2 225 000	2 371 000	2 417 000	1 993 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 225 000	2 371 000	2 417 000	1 993 000
Stock	8 780 000	8 298 000	6 879 000	6 416 000
Total Investments	0	0	0	0
Cash, Bank	102 000	106 000	152 000	111 000
Total Current Assets	9 954 000	9 880 000	8 612 000	8 079 000
Total Assets	12 179 000	12 251 000	11 029 000	10 072 000
Total Equity	4 287 000	4 030 000	3 058 000	2 313 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 002 000	6 115 000	5 599 000	5 175 000
Creditors	941 000	1 070 000	1 151 000	791 000
Unpaid Taxes	275 000	247 000	477 000	402 000
Dividends	0	0	0	0
Other Current Debt	566 000	493 000	544 000	605 000
Total Current Debt	1 889 000	2 106 000	2 372 000	2 584 000
Total Equity and Debt	12 179 000	12 251 000	11 029 000	10 072 000

Financial indicators	2022	2021	2020	2019
Return on Equity	5,99 %	24,12 %	24,36 %	23,39 %
Debt-to-Equity Ratio	1,4	1,52	1,83	2,24
Operating Profit Margin	3,57 %	7,58 %	6,18 %	5,32 %
Current Ratio	5,27	4,69	3,63	3,13
Quick Ratio	−1,44	−1,6	−1,91	−2,11
Equity Ratio	0,35	0,33	0,28	0,23
Gross Profit Margin	37,58 %	39,42 %	36,99 %	36 %