THERMOPIPE INSULATION PRODUCTS AS

3540 NESBYEN

Finances

Share Ownership

Return on Equity

9,51 %

Current Ratio

2,33

Debt-to-Equity Ratio

0,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	112 000	95 000	644 000	1 245 000
Net Income	37 000	−17 000	27 000	−685 000
Total Assets	446 000	443 000	474 000	799 000
Total Equity	389 000	351 000	368 000	341 000

Income (NOK)	2022	2021	2020	2019
Revenue	112 000	95 000	644 000	1 245 000
Expenditure	65 000	114 000	565 000	2 124 000
Operating Profit	47 000	−19 000	79 000	−879 000
Financial Income	2 000	1 000	6 000	5 000
Financial Costs	1 000	4 000	49 000	3 000
Financial Balance	1 000	−3 000	−43 000	2 000
Earnings Before Tax	48 000	−21 000	36 000	−876 000
Tax	11 000	−5 000	9 000	−191 000
Net Income	37 000	−17 000	27 000	−685 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	425 000	258 000	254 000	262 000
Total Current Assets	21 000	184 000	220 000	537 000
Total Assets	446 000	443 000	474 000	799 000
Total Retained Equity	−865 000	−902 000	−886 000	−913 000
Total Equity	389 000	351 000	368 000	341 000
Total Long-Term Debt	49 000	0	0	0
Total Current Debt	9 000	91 000	106 000	459 000
Total Equity and Debt	446 000	443 000	474 000	799 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	112 000	95 000	644 000	1 245 000
Other Income	0	0	0	0
Revenue	112 000	95 000	644 000	1 245 000
Cost of Goods Sold	10 000	58 000	433 000	56 000
Salary Costs	9 000	5 000	68 000	1 859 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	65 000	114 000	565 000	2 124 000
Operating Profit	47 000	−19 000	79 000	−879 000
Financial Income	2 000	1 000	6 000	5 000
Financial Costs	1 000	4 000	49 000	3 000
Financial Balance	1 000	−3 000	−43 000	2 000
Dividends	0	0	0	0
Net Income	37 000	−17 000	27 000	−685 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	248 000	258 000	254 000	262 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	178 000	0	0	0
Total Fixed Assets	425 000	258 000	254 000	262 000
Stock	0	0	0	32 000
Total Investments	0	0	0	0
Cash, Bank	16 000	6 000	42 000	150 000
Total Current Assets	21 000	184 000	220 000	537 000
Total Assets	446 000	443 000	474 000	799 000
Total Equity	389 000	351 000	368 000	341 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	49 000	0	0	0
Creditors	9 000	6 000	5 000	3 000
Unpaid Taxes	0	0	28 000	110 000
Dividends	0	0	0	0
Other Current Debt	0	85 000	73 000	346 000
Total Current Debt	9 000	91 000	106 000	459 000
Total Equity and Debt	446 000	443 000	474 000	799 000

Financial indicators	2022	2021	2020	2019
Return on Equity	9,51 %	−4,84 %	7,34 %	−200,88 %
Debt-to-Equity Ratio	0,13	0	0	0
Operating Profit Margin	41,96 %	−20 %	12,27 %	−70,6 %
Current Ratio	2,33	2,02	2,08	1,17
Quick Ratio	2,33	2,02	2,08	1,26
Equity Ratio	0,87	0,79	0,78	0,43
Gross Profit Margin	91,07 %	38,95 %	32,76 %	95,5 %