Th. Thormodsen jr. A/S

4006 STAVANGER

Finances

Share Ownership

Return on Equity

−3,11 %

Current Ratio

1,57

Debt-to-Equity Ratio

0,94

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 603 000	4 254 000	4 376 000	4 743 000
Net Income	−225 000	−434 000	137 000	−407 000
Total Assets	15 336 000	15 555 000	16 144 000	16 007 000
Total Equity	7 236 000	7 843 000	8 278 000	8 221 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 603 000	4 254 000	4 376 000	4 743 000
Expenditure	4 614 000	4 660 000	4 001 000	5 010 000
Operating Profit	−10 000	−406 000	375 000	−267 000
Financial Income	14 000	14 000	13 000	13 000
Financial Costs	293 000	163 000	197 000	246 000
Financial Balance	−279 000	−149 000	−184 000	−233 000
Earnings Before Tax	−289 000	−556 000	191 000	−501 000
Tax	−64 000	−121 000	54 000	−94 000
Net Income	−225 000	−434 000	137 000	−407 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 307 000	13 560 000	13 402 000	13 728 000
Total Current Assets	2 029 000	1 995 000	2 742 000	2 279 000
Total Assets	15 336 000	15 555 000	16 144 000	16 007 000
Total Retained Equity	7 136 000	7 743 000	8 178 000	8 121 000
Total Equity	7 236 000	7 843 000	8 278 000	8 221 000
Total Long-Term Debt	6 804 000	6 909 000	6 957 000	7 052 000
Total Current Debt	1 295 000	803 000	908 000	734 000
Total Equity and Debt	15 336 000	15 555 000	16 144 000	16 007 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 650 000	3 303 000	3 541 000	3 910 000
Other Income	953 000	951 000	835 000	833 000
Revenue	4 603 000	4 254 000	4 376 000	4 743 000
Cost of Goods Sold	1 649 000	1 713 000	1 595 000	1 959 000
Salary Costs	1 684 000	1 873 000	1 530 000	1 987 000
Depreciation	353 000	336 000	329 000	285 000
Impairment	0	0	0	0
Expenditure	4 614 000	4 660 000	4 001 000	5 010 000
Operating Profit	−10 000	−406 000	375 000	−267 000
Financial Income	14 000	14 000	13 000	13 000
Financial Costs	293 000	163 000	197 000	246 000
Financial Balance	−279 000	−149 000	−184 000	−233 000
Dividends	100 000	0	0	119 000
Net Income	−225 000	−434 000	137 000	−407 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	999 000	935 000	814 000	867 000
Real Eastate	11 238 000	11 464 000	11 691 000	11 917 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	490 000	617 000	378 000	450 000
Total Tangible Assets	11 728 000	12 081 000	12 069 000	12 367 000
Total Fiancial Fixed Assets	581 000	544 000	519 000	494 000
Total Fixed Assets	13 307 000	13 560 000	13 402 000	13 728 000
Stock	1 872 000	1 739 000	2 022 000	1 970 000
Total Investments	0	0	0	0
Cash, Bank	77 000	93 000	523 000	207 000
Total Current Assets	2 029 000	1 995 000	2 742 000	2 279 000
Total Assets	15 336 000	15 555 000	16 144 000	16 007 000
Total Equity	7 236 000	7 843 000	8 278 000	8 221 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	6 804 000	6 909 000	6 957 000	7 052 000
Creditors	204 000	177 000	335 000	153 000
Unpaid Taxes	301 000	235 000	317 000	274 000
Dividends	100 000	0	0	119 000
Other Current Debt	285 000	462 000	256 000	307 000
Total Current Debt	1 295 000	803 000	908 000	734 000
Total Equity and Debt	15 336 000	15 555 000	16 144 000	16 007 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,11 %	−5,53 %	1,65 %	−4,95 %
Debt-to-Equity Ratio	0,94	0,88	0,84	0,86
Operating Profit Margin	−0,22 %	−9,54 %	8,57 %	−5,63 %
Current Ratio	1,57	2,48	3,02	3,1
Quick Ratio	−3,52	−2,13	−2,46	−1,84
Equity Ratio	0,47	0,5	0,51	0,51
Gross Profit Margin	64,18 %	59,73 %	63,55 %	58,7 %