THERMA KULDE AS

1081 OSLO

Finances

Share Ownership

Return on Equity

35,17 %

Current Ratio

1,44

Debt-to-Equity Ratio

0,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	21 856 000	18 590 000	18 718 000	17 274 000
Net Income	895 000	330 000	577 000	794 000
Total Assets	7 329 000	6 416 000	6 130 000	4 177 000
Total Equity	2 545 000	2 188 000	1 858 000	1 281 000

Income (NOK)	2022	2021	2020	2019
Revenue	21 856 000	18 590 000	18 718 000	17 274 000
Expenditure	20 582 000	17 965 000	17 836 000	16 115 000
Operating Profit	1 274 000	624 000	883 000	1 159 000
Financial Income	20 000	16 000	39 000	23 000
Financial Costs	138 000	210 000	176 000	158 000
Financial Balance	−118 000	−194 000	−137 000	−135 000
Earnings Before Tax	1 156 000	429 000	746 000	1 023 000
Tax	261 000	100 000	169 000	229 000
Net Income	895 000	330 000	577 000	794 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 126 000	1 303 000	1 606 000	260 000
Total Current Assets	6 203 000	5 112 000	4 524 000	3 917 000
Total Assets	7 329 000	6 416 000	6 130 000	4 177 000
Total Retained Equity	2 045 000	1 688 000	1 358 000	781 000
Total Equity	2 545 000	2 188 000	1 858 000	1 281 000
Total Long-Term Debt	463 000	653 000	827 000	6 000
Total Current Debt	4 321 000	3 575 000	3 444 000	2 890 000
Total Equity and Debt	7 329 000	6 416 000	6 130 000	4 177 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	21 856 000	18 590 000	18 718 000	17 174 000
Other Income	0	0	0	100 000
Revenue	21 856 000	18 590 000	18 718 000	17 274 000
Cost of Goods Sold	9 602 000	8 365 000	9 731 000	8 914 000
Salary Costs	6 950 000	6 029 000	5 560 000	4 753 000
Depreciation	423 000	381 000	178 000	53 000
Impairment	0	0	0	0
Expenditure	20 582 000	17 965 000	17 836 000	16 115 000
Operating Profit	1 274 000	624 000	883 000	1 159 000
Financial Income	20 000	16 000	39 000	23 000
Financial Costs	138 000	210 000	176 000	158 000
Financial Balance	−118 000	−194 000	−137 000	−135 000
Dividends	250 000	0	0	0
Net Income	895 000	330 000	577 000	794 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 126 000	1 303 000	1 606 000	260 000
Total Tangible Assets	1 126 000	1 303 000	1 606 000	260 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 126 000	1 303 000	1 606 000	260 000
Stock	997 000	858 000	725 000	373 000
Total Investments	0	0	0	0
Cash, Bank	263 000	1 296 000	1 687 000	1 604 000
Total Current Assets	6 203 000	5 112 000	4 524 000	3 917 000
Total Assets	7 329 000	6 416 000	6 130 000	4 177 000
Total Equity	2 545 000	2 188 000	1 858 000	1 281 000
Short-Term Group Debt	299 000	0	0	0
Total Long-Term Debt	463 000	653 000	827 000	6 000
Creditors	980 000	912 000	756 000	590 000
Unpaid Taxes	1 249 000	973 000	985 000	624 000
Dividends	250 000	0	0	0
Other Current Debt	1 106 000	841 000	946 000	560 000
Total Current Debt	4 321 000	3 575 000	3 444 000	2 890 000
Total Equity and Debt	7 329 000	6 416 000	6 130 000	4 177 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,17 %	15,08 %	31,05 %	61,98 %
Debt-to-Equity Ratio	0,18	0,3	0,45	0
Operating Profit Margin	5,83 %	3,36 %	4,72 %	6,71 %
Current Ratio	1,44	1,43	1,31	1,36
Quick Ratio	1,87	1,88	1,66	1,56
Equity Ratio	0,35	0,34	0,3	0,31
Gross Profit Margin	56,07 %	55 %	48,01 %	48,4 %