THORSTEIN LUND HOLDING AS

4031 STAVANGER

Finances

Return on Equity

4,58 %

Current Ratio

1,96

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	244 137 000	198 125 000	190 621 000	203 998 000
Net Income	2 247 000	1 550 000	−2 913 000	−125 000
Total Assets	89 718 000	86 857 000	85 043 000	87 932 000
Total Equity	49 045 000	51 798 000	51 438 000	58 297 000

Income (NOK)	2022	2021	2020	2019
Revenue	244 137 000	198 125 000	190 621 000	203 998 000
Expenditure	240 983 000	195 761 000	193 981 000	203 803 000
Operating Profit	3 154 000	2 363 000	−3 359 000	195 000
Financial Income	169 000	67 000	104 000	154 000
Financial Costs	5 000	3 000	29 000	44 000
Financial Balance	164 000	64 000	75 000	110 000
Earnings Before Tax	3 319 000	2 427 000	−3 285 000	305 000
Tax	1 072 000	877 000	−372 000	430 000
Net Income	2 247 000	1 550 000	−2 913 000	−125 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	10 019 000	12 449 000	14 796 000	15 716 000
Total Current Assets	79 699 000	74 408 000	70 246 000	72 216 000
Total Assets	89 718 000	86 857 000	85 043 000	87 932 000
Total Retained Equity	130 000	2 883 000	2 524 000	5 437 000
Total Equity	49 045 000	51 798 000	51 438 000	58 297 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	40 673 000	35 059 000	33 604 000	29 635 000
Total Equity and Debt	89 718 000	86 857 000	85 043 000	87 932 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	244 092 000	197 953 000	190 536 000	203 975 000
Other Income	45 000	171 000	85 000	23 000
Revenue	244 137 000	198 125 000	190 621 000	203 998 000
Cost of Goods Sold	127 400 000	96 568 000	94 822 000	101 048 000
Salary Costs	87 940 000	78 805 000	78 982 000	81 163 000
Depreciation	2 493 000	2 348 000	2 433 000	2 525 000
Impairment	0	0	0	0
Expenditure	240 983 000	195 761 000	193 981 000	203 803 000
Operating Profit	3 154 000	2 363 000	−3 359 000	195 000
Financial Income	169 000	67 000	104 000	154 000
Financial Costs	5 000	3 000	29 000	44 000
Financial Balance	164 000	64 000	75 000	110 000
Dividends	0	0	0	0
Net Income	2 247 000	1 550 000	−2 913 000	−125 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	6 214 000	7 767 000	9 321 000	10 874 000
Total Intangible Assets	7 032 000	9 658 000	12 088 000	13 270 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 987 000	2 792 000	2 708 000	2 445 000
Total Tangible Assets	2 987 000	2 792 000	2 708 000	2 445 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	10 019 000	12 449 000	14 796 000	15 716 000
Stock	17 693 000	15 193 000	14 324 000	18 138 000
Total Investments	0	0	0	0
Cash, Bank	8 936 000	18 481 000	15 726 000	18 927 000
Total Current Assets	79 699 000	74 408 000	70 246 000	72 216 000
Total Assets	89 718 000	86 857 000	85 043 000	87 932 000
Total Equity	49 045 000	51 798 000	51 438 000	58 297 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	14 715 000	10 880 000	10 072 000	7 210 000
Unpaid Taxes	10 245 000	11 774 000	10 271 000	10 295 000
Dividends	0	0	0	0
Other Current Debt	10 713 000	12 405 000	13 262 000	12 131 000
Total Current Debt	40 673 000	35 059 000	33 604 000	29 635 000
Total Equity and Debt	89 718 000	86 857 000	85 043 000	87 932 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,58 %	2,99 %	−5,66 %	−0,21 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	1,29 %	1,19 %	−1,76 %	0,1 %
Current Ratio	1,96	2,12	2,09	2,44
Quick Ratio	3,47	3,75	3,64	6,28
Equity Ratio	0,55	0,6	0,6	0,66
Gross Profit Margin	47,82 %	51,26 %	50,26 %	50,47 %