THINGFARM AS

1363 HØVIK

Finances

Share Ownership

Return on Equity

−38,24 %

Current Ratio

4,16

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	680 000	0	5 515 000
Net Income	−540 000	−1 689 000	−173 000	1 048 000
Total Assets	1 851 000	1 350 000	3 702 000	3 495 000
Total Equity	1 412 000	406 000	2 095 000	2 269 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	680 000	0	5 515 000
Expenditure	575 000	2 309 000	181 000	4 438 000
Operating Profit	−575 000	−1 630 000	−181 000	1 077 000
Financial Income	1 000	1 000	7 000	10 000
Financial Costs	−35 000	60 000	0	39 000
Financial Balance	36 000	−59 000	7 000	−29 000
Earnings Before Tax	−540 000	−1 689 000	−173 000	1 048 000
Tax	0	0	0	0
Net Income	−540 000	−1 689 000	−173 000	1 048 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	521 000	521 000	2 082 000	144 000
Total Current Assets	1 330 000	829 000	1 620 000	3 351 000
Total Assets	1 851 000	1 350 000	3 702 000	3 495 000
Total Retained Equity	−1 727 000	−1 194 000	495 000	669 000
Total Equity	1 412 000	406 000	2 095 000	2 269 000
Total Long-Term Debt	120 000	0	0	0
Total Current Debt	320 000	944 000	1 607 000	1 226 000
Total Equity and Debt	1 851 000	1 350 000	3 702 000	3 495 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	680 000	0	5 044 000
Other Income	0	0	0	471 000
Revenue	0	680 000	0	5 515 000
Cost of Goods Sold	0	16 000	0	1 918 000
Salary Costs	−3 000	430 000	168 000	1 632 000
Depreciation	0	0	0	11 000
Impairment	0	0	0	0
Expenditure	575 000	2 309 000	181 000	4 438 000
Operating Profit	−575 000	−1 630 000	−181 000	1 077 000
Financial Income	1 000	1 000	7 000	10 000
Financial Costs	−35 000	60 000	0	39 000
Financial Balance	36 000	−59 000	7 000	−29 000
Dividends	0	0	0	0
Net Income	−540 000	−1 689 000	−173 000	1 048 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	521 000	521 000	2 082 000	0
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	0	0	0	144 000
Total Fixed Assets	521 000	521 000	2 082 000	144 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 330 000	829 000	958 000	2 262 000
Total Current Assets	1 330 000	829 000	1 620 000	3 351 000
Total Assets	1 851 000	1 350 000	3 702 000	3 495 000
Total Equity	1 412 000	406 000	2 095 000	2 269 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	120 000	0	0	0
Creditors	77 000	9 000	96 000	67 000
Unpaid Taxes	158 000	1 000	139 000	128 000
Dividends	0	0	0	0
Other Current Debt	85 000	934 000	1 372 000	1 031 000
Total Current Debt	320 000	944 000	1 607 000	1 226 000
Total Equity and Debt	1 851 000	1 350 000	3 702 000	3 495 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−38,24 %	−416,01 %	−8,26 %	46,19 %
Debt-to-Equity Ratio	0,08	0	0	0
Operating Profit Margin	-	−239,71 %	-	19,53 %
Current Ratio	4,16	0,88	1,01	2,73
Quick Ratio	4,16	0,88	1,01	2,73
Equity Ratio	0,76	0,3	0,57	0,65
Gross Profit Margin	-	97,65 %	-	65,22 %