TINEX GROUP AS

0668 OSLO

Finances

Return on Equity

87,08 %

Current Ratio

1,31

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	174 977 000	98 845 000	44 772 000	37 049 000
Net Income	13 012 000	2 213 000	975 000	1 940 000
Total Assets	62 542 000	56 782 000	33 528 000	18 587 000
Total Equity	14 942 000	10 812 000	12 160 000	13 585 000

Income (NOK)	2022	2021	2020	2019
Revenue	174 977 000	98 845 000	44 772 000	37 049 000
Expenditure	161 980 000	92 718 000	39 233 000	35 075 000
Operating Profit	12 998 000	6 127 000	5 539 000	1 973 000
Financial Income	381 000	7 000	2 426 000	711 000
Financial Costs	367 000	2 583 000	5 983 000	220 000
Financial Balance	14 000	−2 576 000	−3 557 000	491 000
Earnings Before Tax	13 012 000	3 550 000	1 983 000	2 464 000
Tax	0	1 338 000	1 007 000	524 000
Net Income	13 012 000	2 213 000	975 000	1 940 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	757 000	5 932 000	8 582 000	11 495 000
Total Current Assets	61 786 000	50 850 000	24 946 000	7 093 000
Total Assets	62 542 000	56 782 000	33 528 000	18 587 000
Total Retained Equity	13 854 000	9 712 000	11 060 000	12 485 000
Total Equity	14 942 000	10 812 000	12 160 000	13 585 000
Total Long-Term Debt	487 000	621 000	739 000	451 000
Total Current Debt	47 113 000	45 348 000	20 630 000	4 552 000
Total Equity and Debt	62 542 000	56 782 000	33 528 000	18 587 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	174 962 000	98 744 000	44 693 000	37 049 000
Other Income	15 000	101 000	79 000	0
Revenue	174 977 000	98 845 000	44 772 000	37 049 000
Cost of Goods Sold	144 039 000	84 636 000	34 189 000	30 184 000
Salary Costs	10 918 000	6 025 000	3 691 000	3 306 000
Depreciation	128 000	120 000	63 000	18 000
Impairment	0	0	0	0
Expenditure	161 980 000	92 718 000	39 233 000	35 075 000
Operating Profit	12 998 000	6 127 000	5 539 000	1 973 000
Financial Income	381 000	7 000	2 426 000	711 000
Financial Costs	367 000	2 583 000	5 983 000	220 000
Financial Balance	14 000	−2 576 000	−3 557 000	491 000
Dividends	0	3 400 000	2 400 000	0
Net Income	13 012 000	2 213 000	975 000	1 940 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	145 000	0	0	0
Real Eastate	8 000	0	0	0
Machinery and Plant Facilities	554 000	0	0	0
Fixtures	0	674 000	794 000	532 000
Total Tangible Assets	562 000	674 000	794 000	532 000
Total Fiancial Fixed Assets	50 000	5 258 000	7 788 000	10 963 000
Total Fixed Assets	757 000	5 932 000	8 582 000	11 495 000
Stock	9 883 000	12 937 000	6 968 000	1 068 000
Total Investments	0	0	0	0
Cash, Bank	24 327 000	17 329 000	640 000	1 136 000
Total Current Assets	61 786 000	50 850 000	24 946 000	7 093 000
Total Assets	62 542 000	56 782 000	33 528 000	18 587 000
Total Equity	14 942 000	10 812 000	12 160 000	13 585 000
Short-Term Group Debt	0	4 613 000	3 117 000	2 722 000
Total Long-Term Debt	487 000	621 000	739 000	451 000
Creditors	38 007 000	34 650 000	12 994 000	997 000
Unpaid Taxes	1 074 000	1 914 000	2 289 000	547 000
Dividends	0	3 400 000	2 400 000	0
Other Current Debt	1 209 000	772 000	321 000	285 000
Total Current Debt	47 113 000	45 348 000	20 630 000	4 552 000
Total Equity and Debt	62 542 000	56 782 000	33 528 000	18 587 000

Financial indicators	2022	2021	2020	2019
Return on Equity	87,08 %	20,47 %	8,02 %	14,28 %
Debt-to-Equity Ratio	0,03	0,06	0,06	0,03
Operating Profit Margin	7,43 %	6,2 %	12,37 %	5,33 %
Current Ratio	1,31	1,12	1,21	1,56
Quick Ratio	1,66	1,57	1,83	2,04
Equity Ratio	0,24	0,19	0,36	0,73
Gross Profit Margin	17,68 %	14,38 %	23,64 %	18,53 %