THOR ENGINEERING AS

2270 FLISA

Finances

Share Ownership

Return on Equity

27,18 %

Current Ratio

1,47

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	406 000	315 000	289 000	457 000
Net Income	112 000	43 000	105 000	−37 000
Total Assets	1 113 000	985 000	1 091 000	592 000
Total Equity	412 000	300 000	357 000	252 000

Income (NOK)	2022	2021	2020	2019
Revenue	406 000	315 000	289 000	457 000
Expenditure	246 000	259 000	158 000	483 000
Operating Profit	161 000	56 000	132 000	−26 000
Financial Income	0	0	0	0
Financial Costs	17 000	1 000	8 000	11 000
Financial Balance	−17 000	−1 000	−8 000	−11 000
Earnings Before Tax	144 000	55 000	123 000	−37 000
Tax	32 000	12 000	19 000	0
Net Income	112 000	43 000	105 000	−37 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	202 000	212 000	221 000	191 000
Total Current Assets	911 000	773 000	870 000	401 000
Total Assets	1 113 000	985 000	1 091 000	592 000
Total Retained Equity	382 000	270 000	227 000	122 000
Total Equity	412 000	300 000	357 000	252 000
Total Long-Term Debt	82 000	0	126 000	169 000
Total Current Debt	619 000	685 000	608 000	171 000
Total Equity and Debt	1 113 000	985 000	1 091 000	592 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	406 000	315 000	289 000	457 000
Other Income	0	0	0	0
Revenue	406 000	315 000	289 000	457 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	87 000	333 000
Depreciation	10 000	10 000	10 000	8 000
Impairment	0	0	0	0
Expenditure	246 000	259 000	158 000	483 000
Operating Profit	161 000	56 000	132 000	−26 000
Financial Income	0	0	0	0
Financial Costs	17 000	1 000	8 000	11 000
Financial Balance	−17 000	−1 000	−8 000	−11 000
Dividends	0	0	0	0
Net Income	112 000	43 000	105 000	−37 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	202 000	212 000	221 000	191 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	202 000	212 000	221 000	191 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	202 000	212 000	221 000	191 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	123 000	1 000	18 000	49 000
Total Current Assets	911 000	773 000	870 000	401 000
Total Assets	1 113 000	985 000	1 091 000	592 000
Total Equity	412 000	300 000	357 000	252 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	82 000	0	126 000	169 000
Creditors	7 000	35 000	−4 000	0
Unpaid Taxes	54 000	0	15 000	1 000
Dividends	0	0	0	0
Other Current Debt	526 000	638 000	579 000	170 000
Total Current Debt	619 000	685 000	608 000	171 000
Total Equity and Debt	1 113 000	985 000	1 091 000	592 000

Financial indicators	2022	2021	2020	2019
Return on Equity	27,18 %	14,33 %	29,41 %	−14,68 %
Debt-to-Equity Ratio	0,2	0	0,35	0,67
Operating Profit Margin	39,66 %	17,78 %	45,67 %	−5,69 %
Current Ratio	1,47	1,13	1,43	2,35
Quick Ratio	1,47	1,13	1,43	2,35
Equity Ratio	0,37	0,3	0,33	0,43
Gross Profit Margin	100 %	100 %	100 %	100 %