THORSTEIN FINNERUD AS

3027 DRAMMEN

Finances

Share Ownership

Return on Equity

175,92 %

Current Ratio

0,9

Debt-to-Equity Ratio

0,1

Key figures (NOK)	2022	2021	2020	2019
Revenue	921 000	994 000	916 000	591 000
Net Income	336 000	448 000	400 000	17 000
Total Assets	707 000	1 191 000	606 000	184 000
Total Equity	191 000	206 000	102 000	53 000

Income (NOK)	2022	2021	2020	2019
Revenue	921 000	994 000	916 000	591 000
Expenditure	475 000	412 000	403 000	570 000
Operating Profit	447 000	581 000	512 000	21 000
Financial Income	0	0	0	0
Financial Costs	17 000	7 000	0	0
Financial Balance	−17 000	−7 000	0	0
Earnings Before Tax	430 000	575 000	512 000	21 000
Tax	95 000	126 000	113 000	5 000
Net Income	336 000	448 000	400 000	17 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	261 000	689 000	223 000	16 000
Total Current Assets	446 000	503 000	383 000	167 000
Total Assets	707 000	1 191 000	606 000	184 000
Total Retained Equity	141 000	156 000	52 000	3 000
Total Equity	191 000	206 000	102 000	53 000
Total Long-Term Debt	19 000	485 000	10 000	0
Total Current Debt	496 000	501 000	493 000	131 000
Total Equity and Debt	707 000	1 191 000	606 000	184 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	905 000	978 000	916 000	591 000
Other Income	16 000	15 000	0	0
Revenue	921 000	994 000	916 000	591 000
Cost of Goods Sold	0	0	0	0
Salary Costs	231 000	240 000	235 000	392 000
Depreciation	124 000	62 000	8 000	0
Impairment	0	0	0	0
Expenditure	475 000	412 000	403 000	570 000
Operating Profit	447 000	581 000	512 000	21 000
Financial Income	0	0	0	0
Financial Costs	17 000	7 000	0	0
Financial Balance	−17 000	−7 000	0	0
Dividends	350 000	345 000	350 000	50 000
Net Income	336 000	448 000	400 000	17 000

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	261 000	689 000	223 000	0
Total Tangible Assets	261 000	689 000	223 000	0
Total Fiancial Fixed Assets	0	0	0	16 000
Total Fixed Assets	261 000	689 000	223 000	16 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	374 000	437 000	268 000	70 000
Total Current Assets	446 000	503 000	383 000	167 000
Total Assets	707 000	1 191 000	606 000	184 000
Total Equity	191 000	206 000	102 000	53 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	19 000	485 000	10 000	0
Creditors	0	0	0	0
Unpaid Taxes	20 000	25 000	18 000	30 000
Dividends	350 000	345 000	350 000	50 000
Other Current Debt	20 000	24 000	23 000	47 000
Total Current Debt	496 000	501 000	493 000	131 000
Total Equity and Debt	707 000	1 191 000	606 000	184 000

Financial indicators	2022	2021	2020	2019
Return on Equity	175,92 %	217,48 %	392,16 %	32,08 %
Debt-to-Equity Ratio	0,1	2,35	0,1	0
Operating Profit Margin	48,53 %	58,45 %	55,9 %	3,55 %
Current Ratio	0,9	1	0,78	1,27
Quick Ratio	0,9	1	0,78	1,27
Equity Ratio	0,27	0,17	0,17	0,29
Gross Profit Margin	100 %	100 %	100 %	100 %