THON FLEX AS

0184 OSLO

Finances

Share Ownership

Return on Equity

−104,62 %

Current Ratio

1,55

Debt-to-Equity Ratio

1,95

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 917 000	12 076 000	11 115 000	9 885 000
Net Income	−1 428 000	−4 481 000	−3 865 000	−3 487 000
Total Assets	7 437 000	13 324 000	12 881 000	15 640 000
Total Equity	1 365 000	1 233 000	1 034 000	2 170 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 917 000	12 076 000	11 115 000	9 885 000
Expenditure	15 616 000	17 750 000	15 959 000	14 172 000
Operating Profit	−1 699 000	−5 673 000	−4 845 000	−4 287 000
Financial Income	1 000	0	1 000	2 000
Financial Costs	132 000	69 000	110 000	180 000
Financial Balance	−131 000	−69 000	−109 000	−178 000
Earnings Before Tax	−1 831 000	−5 742 000	−4 954 000	−4 465 000
Tax	−403 000	−1 261 000	−1 089 000	−978 000
Net Income	−1 428 000	−4 481 000	−3 865 000	−3 487 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 170 000	4 043 000	6 583 000	7 976 000
Total Current Assets	5 268 000	9 281 000	6 298 000	7 664 000
Total Assets	7 437 000	13 324 000	12 881 000	15 640 000
Total Retained Equity	0	0	0	0
Total Equity	1 365 000	1 233 000	1 034 000	2 170 000
Total Long-Term Debt	2 667 000	2 028 000	385 000	78 000
Total Current Debt	3 406 000	10 063 000	11 462 000	13 392 000
Total Equity and Debt	7 437 000	13 324 000	12 881 000	15 640 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 903 000	12 065 000	11 106 000	9 876 000
Other Income	14 000	11 000	9 000	9 000
Revenue	13 917 000	12 076 000	11 115 000	9 885 000
Cost of Goods Sold	10 000	23 000	43 000	45 000
Salary Costs	622 000	789 000	719 000	709 000
Depreciation	2 116 000	2 606 000	2 431 000	1 331 000
Impairment	0	0	0	0
Expenditure	15 616 000	17 750 000	15 959 000	14 172 000
Operating Profit	−1 699 000	−5 673 000	−4 845 000	−4 287 000
Financial Income	1 000	0	1 000	2 000
Financial Costs	132 000	69 000	110 000	180 000
Financial Balance	−131 000	−69 000	−109 000	−178 000
Dividends	0	0	0	0
Net Income	−1 428 000	−4 481 000	−3 865 000	−3 487 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	81 000	1 004 000	2 208 000	3 412 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 088 000	3 038 000	4 375 000	4 564 000
Total Tangible Assets	2 088 000	3 038 000	4 375 000	4 564 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 170 000	4 043 000	6 583 000	7 976 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	5 268 000	9 281 000	6 298 000	7 664 000
Total Assets	7 437 000	13 324 000	12 881 000	15 640 000
Total Equity	1 365 000	1 233 000	1 034 000	2 170 000
Short-Term Group Debt	224 000	568 000	0	0
Total Long-Term Debt	2 667 000	2 028 000	385 000	78 000
Creditors	149 000	290 000	248 000	260 000
Unpaid Taxes	439 000	47 000	42 000	42 000
Dividends	0	0	0	0
Other Current Debt	2 416 000	2 741 000	2 136 000	2 174 000
Total Current Debt	3 406 000	10 063 000	11 462 000	13 392 000
Total Equity and Debt	7 437 000	13 324 000	12 881 000	15 640 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−104,62 %	−363,42 %	−373,79 %	−160,69 %
Debt-to-Equity Ratio	1,95	1,64	0,37	0,04
Operating Profit Margin	−12,21 %	−46,98 %	−43,59 %	−43,37 %
Current Ratio	1,55	0,92	0,55	0,57
Quick Ratio	1,55	0,92	0,55	0,57
Equity Ratio	0,18	0,09	0,08	0,14
Gross Profit Margin	99,93 %	99,81 %	99,61 %	99,54 %