THERMAL TEC AS

2318 HAMAR

Finances

Share Ownership

Return on Equity

−46,63 %

Current Ratio

1,07

Debt-to-Equity Ratio

1,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	5 445 000	4 500 000	4 061 000	4 820 000
Net Income	−83 000	63 000	−52 000	266 000
Total Assets	1 593 000	1 459 000	1 366 000	1 791 000
Total Equity	178 000	261 000	199 000	101 000

Income (NOK)	2022	2021	2020	2019
Revenue	5 445 000	4 500 000	4 061 000	4 820 000
Expenditure	5 458 000	4 364 000	4 040 000	4 698 000
Operating Profit	−12 000	136 000	22 000	378 000
Financial Income	1 000	16 000	9 000	0
Financial Costs	72 000	84 000	89 000	84 000
Financial Balance	−71 000	−68 000	−80 000	−84 000
Earnings Before Tax	−83 000	68 000	−58 000	293 000
Tax	0	6 000	−6 000	28 000
Net Income	−83 000	63 000	−52 000	266 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	328 000	542 000	519 000	173 000
Total Current Assets	1 266 000	917 000	847 000	1 618 000
Total Assets	1 593 000	1 459 000	1 366 000	1 791 000
Total Retained Equity	−2 000	81 000	19 000	71 000
Total Equity	178 000	261 000	199 000	101 000
Total Long-Term Debt	229 000	249 000	308 000	526 000
Total Current Debt	1 186 000	949 000	859 000	1 163 000
Total Equity and Debt	1 593 000	1 459 000	1 366 000	1 791 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 440 000	4 500 000	4 061 000	5 156 000
Other Income	5 000	0	0	−336 000
Revenue	5 445 000	4 500 000	4 061 000	4 820 000
Cost of Goods Sold	3 691 000	2 952 000	2 673 000	3 481 000
Salary Costs	1 096 000	874 000	851 000	811 000
Depreciation	33 000	36 000	17 000	16 000
Impairment	0	0	0	0
Expenditure	5 458 000	4 364 000	4 040 000	4 698 000
Operating Profit	−12 000	136 000	22 000	378 000
Financial Income	1 000	16 000	9 000	0
Financial Costs	72 000	84 000	89 000	84 000
Financial Balance	−71 000	−68 000	−80 000	−84 000
Dividends	0	0	0	0
Net Income	−83 000	63 000	−52 000	266 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	10 000	9 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	120 000	156 000	173 000
Total Tangible Assets	0	120 000	156 000	173 000
Total Fiancial Fixed Assets	318 000	413 000	363 000	0
Total Fixed Assets	328 000	542 000	519 000	173 000
Stock	549 000	474 000	379 000	291 000
Total Investments	0	0	0	0
Cash, Bank	76 000	31 000	26 000	83 000
Total Current Assets	1 266 000	917 000	847 000	1 618 000
Total Assets	1 593 000	1 459 000	1 366 000	1 791 000
Total Equity	178 000	261 000	199 000	101 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	229 000	249 000	308 000	526 000
Creditors	912 000	385 000	408 000	663 000
Unpaid Taxes	162 000	137 000	188 000	279 000
Dividends	0	0	0	0
Other Current Debt	68 000	186 000	64 000	201 000
Total Current Debt	1 186 000	949 000	859 000	1 163 000
Total Equity and Debt	1 593 000	1 459 000	1 366 000	1 791 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−46,63 %	24,14 %	−26,13 %	263,37 %
Debt-to-Equity Ratio	1,29	0,95	1,55	5,21
Operating Profit Margin	−0,22 %	3,02 %	0,54 %	7,84 %
Current Ratio	1,07	0,97	0,99	1,39
Quick Ratio	1,99	1,93	1,76	1,86
Equity Ratio	0,11	0,18	0,15	0,06
Gross Profit Margin	32,21 %	34,4 %	34,18 %	27,78 %