TH STEEL SOLUTIONS AS

5105 EIDSVÅG I ÅSANE

Finances

Return on Equity

135,48 %

Current Ratio

0,2

Debt-to-Equity Ratio

−1,49

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	277 118 000	373 617 000
Net Income	−43 394 000	−4 377 000	−29 872 000	−73 933 000
Total Assets	20 879 000	75 567 000	104 970 000	116 276 000
Total Equity	−32 030 000	11 365 000	−26 733 000	−33 861 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	277 118 000	373 617 000
Expenditure	161 000	3 318 000	316 729 000	441 754 000
Operating Profit	−161 000	−3 318 000	−39 611 000	−68 137 000
Financial Income	525 000	212 000	197 000	339 000
Financial Costs	43 758 000	1 271 000	2 734 000	1 924 000
Financial Balance	−43 233 000	−1 059 000	−2 537 000	−1 585 000
Earnings Before Tax	−43 394 000	−4 377 000	−42 149 000	−69 722 000
Tax	0	0	−12 277 000	4 212 000
Net Income	−43 394 000	−4 377 000	−29 872 000	−73 933 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 821 000	75 521 000	27 062 000	31 695 000
Total Current Assets	1 058 000	46 000	77 909 000	84 581 000
Total Assets	20 879 000	75 567 000	104 970 000	116 276 000
Total Retained Equity	−69 030 000	−25 635 000	−63 733 000	−45 117 000
Total Equity	−32 030 000	11 365 000	−26 733 000	−33 861 000
Total Long-Term Debt	47 604 000	22 135 000	20 421 000	21 814 000
Total Current Debt	5 305 000	42 068 000	111 283 000	128 324 000
Total Equity and Debt	20 879 000	75 567 000	104 970 000	116 276 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	277 118 000	372 384 000
Other Income	0	0	0	1 234 000
Revenue	0	0	277 118 000	373 617 000
Cost of Goods Sold	0	474 000	196 216 000	303 493 000
Salary Costs	0	635 000	91 786 000	95 267 000
Depreciation	0	49 000	11 518 000	20 490 000
Impairment	0	0	0	0
Expenditure	161 000	3 318 000	316 729 000	441 754 000
Operating Profit	−161 000	−3 318 000	−39 611 000	−68 137 000
Financial Income	525 000	212 000	197 000	339 000
Financial Costs	43 758 000	1 271 000	2 734 000	1 924 000
Financial Balance	−43 233 000	−1 059 000	−2 537 000	−1 585 000
Dividends	0	0	0	0
Net Income	−43 394 000	−4 377 000	−29 872 000	−73 933 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	9 901 000	17 023 000
Total Intangible Assets	0	0	19 533 000	17 023 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	6 033 000	11 073 000
Fixtures	0	0	1 390 000	167 000
Total Tangible Assets	0	0	7 424 000	11 240 000
Total Fiancial Fixed Assets	19 821 000	75 521 000	105 000	3 432 000
Total Fixed Assets	19 821 000	75 521 000	27 062 000	31 695 000
Stock	0	0	559 000	559 000
Total Investments	0	0	0	0
Cash, Bank	510 000	11 000	9 136 000	4 507 000
Total Current Assets	1 058 000	46 000	77 909 000	84 581 000
Total Assets	20 879 000	75 567 000	104 970 000	116 276 000
Total Equity	−32 030 000	11 365 000	−26 733 000	−33 861 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	47 604 000	22 135 000	20 421 000	21 814 000
Creditors	505 000	3 088 000	54 219 000	63 332 000
Unpaid Taxes	0	5 000	13 553 000	10 181 000
Dividends	0	0	0	0
Other Current Debt	4 800 000	18 163 000	18 026 000	27 949 000
Total Current Debt	5 305 000	42 068 000	111 283 000	128 324 000
Total Equity and Debt	20 879 000	75 567 000	104 970 000	116 276 000

Financial indicators	2022	2021	2020	2019
Return on Equity	135,48 %	−38,51 %	111,74 %	218,34 %
Debt-to-Equity Ratio	−1,49	1,95	−0,76	−0,64
Operating Profit Margin	-	-	−14,29 %	−18,24 %
Current Ratio	0,2	0	0,7	0,66
Quick Ratio	0,2	0	0,7	0,66
Equity Ratio	−1,53	0,15	−0,25	−0,29
Gross Profit Margin	-	-	29,19 %	18,77 %