THESERAC AS

6002 ÅLESUND

Finances

Share Ownership

Return on Equity

−48,68 %

Current Ratio

3,54

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	547 000	768 000	595 000	1 182 000
Net Income	−277 000	−26 000	−722 000	−2 415 000
Total Assets	793 000	1 039 000	967 000	1 196 000
Total Equity	569 000	846 000	−6 628 000	−5 906 000

Income (NOK)	2022	2021	2020	2019
Revenue	547 000	768 000	595 000	1 182 000
Expenditure	750 000	815 000	1 309 000	3 618 000
Operating Profit	−267 000	−17 000	−713 000	−2 437 000
Financial Income	0	−2 000	3 000	26 000
Financial Costs	10 000	7 000	11 000	5 000
Financial Balance	−10 000	−9 000	−8 000	21 000
Earnings Before Tax	−277 000	−26 000	−722 000	−2 415 000
Tax	0	0	0	0
Net Income	−277 000	−26 000	−722 000	−2 415 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	17 000
Total Current Assets	793 000	1 039 000	967 000	1 179 000
Total Assets	793 000	1 039 000	967 000	1 196 000
Total Retained Equity	−6 961 000	−6 684 000	−6 658 000	−5 936 000
Total Equity	569 000	846 000	−6 628 000	−5 906 000
Total Long-Term Debt	0	0	7 500 000	7 000 000
Total Current Debt	224 000	193 000	95 000	103 000
Total Equity and Debt	793 000	1 039 000	967 000	1 196 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	513 000	432 000	444 000	1 333 000
Other Income	34 000	336 000	151 000	−151 000
Revenue	547 000	768 000	595 000	1 182 000
Cost of Goods Sold	61 000	77 000	635 000	2 064 000
Salary Costs	478 000	206 000	1 000	110 000
Depreciation	0	0	17 000	17 000
Impairment	0	0	0	0
Expenditure	750 000	815 000	1 309 000	3 618 000
Operating Profit	−267 000	−17 000	−713 000	−2 437 000
Financial Income	0	−2 000	3 000	26 000
Financial Costs	10 000	7 000	11 000	5 000
Financial Balance	−10 000	−9 000	−8 000	21 000
Dividends	0	0	0	0
Net Income	−277 000	−26 000	−722 000	−2 415 000

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	0	0	0	17 000
Total Tangible Assets	0	0	0	17 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	17 000
Stock	658 000	722 000	692 000	963 000
Total Investments	0	0	0	0
Cash, Bank	35 000	262 000	182 000	164 000
Total Current Assets	793 000	1 039 000	967 000	1 179 000
Total Assets	793 000	1 039 000	967 000	1 196 000
Total Equity	569 000	846 000	−6 628 000	−5 906 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	7 500 000	7 000 000
Creditors	29 000	19 000	55 000	93 000
Unpaid Taxes	7 000	73 000	40 000	0
Dividends	0	0	0	0
Other Current Debt	188 000	101 000	0	9 000
Total Current Debt	224 000	193 000	95 000	103 000
Total Equity and Debt	793 000	1 039 000	967 000	1 196 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−48,68 %	−3,07 %	10,89 %	40,89 %
Debt-to-Equity Ratio	0	0	−1,13	−1,19
Operating Profit Margin	−48,81 %	−2,21 %	−119,83 %	−206,18 %
Current Ratio	3,54	5,38	10,18	11,45
Quick Ratio	−1,83	−1,96	−1,62	−1,37
Equity Ratio	0,72	0,81	−6,85	−4,94
Gross Profit Margin	88,85 %	89,97 %	−6,72 %	−74,62 %