THEN AS

0195 OSLO

Finances

Return on Equity

30,57 %

Current Ratio

2,07

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 280 000	890 000	1 080 000	1 579 000
Net Income	221 000	119 000	343 000	514 000
Total Assets	1 020 000	782 000	925 000	1 059 000
Total Equity	723 000	517 000	398 000	344 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 280 000	890 000	1 080 000	1 579 000
Expenditure	999 000	721 000	632 000	902 000
Operating Profit	280 000	169 000	448 000	677 000
Financial Income	3 000	3 000	2 000	1 000
Financial Costs	0	19 000	10 000	16 000
Financial Balance	3 000	−16 000	−8 000	−15 000
Earnings Before Tax	283 000	153 000	440 000	661 000
Tax	62 000	34 000	97 000	147 000
Net Income	221 000	119 000	343 000	514 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	405 000	250 000	560 000	574 000
Total Current Assets	615 000	532 000	365 000	485 000
Total Assets	1 020 000	782 000	925 000	1 059 000
Total Retained Equity	693 000	487 000	368 000	314 000
Total Equity	723 000	517 000	398 000	344 000
Total Long-Term Debt	0	102 000	381 000	323 000
Total Current Debt	297 000	162 000	146 000	393 000
Total Equity and Debt	1 020 000	782 000	925 000	1 059 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 280 000	790 000	1 080 000	1 579 000
Other Income	0	100 000	0	0
Revenue	1 280 000	890 000	1 080 000	1 579 000
Cost of Goods Sold	0	11 000	29 000	72 000
Salary Costs	962 000	523 000	417 000	650 000
Depreciation	5 000	111 000	118 000	89 000
Impairment	0	0	0	0
Expenditure	999 000	721 000	632 000	902 000
Operating Profit	280 000	169 000	448 000	677 000
Financial Income	3 000	3 000	2 000	1 000
Financial Costs	0	19 000	10 000	16 000
Financial Balance	3 000	−16 000	−8 000	−15 000
Dividends	0	0	0	0
Net Income	221 000	119 000	343 000	514 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 000	1 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	12 000	17 000	377 000	470 000
Total Tangible Assets	12 000	17 000	377 000	470 000
Total Fiancial Fixed Assets	392 000	232 000	183 000	103 000
Total Fixed Assets	405 000	250 000	560 000	574 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	284 000	166 000	292 000	409 000
Total Current Assets	615 000	532 000	365 000	485 000
Total Assets	1 020 000	782 000	925 000	1 059 000
Total Equity	723 000	517 000	398 000	344 000
Short-Term Group Debt	19 000	0	0	93 000
Total Long-Term Debt	0	102 000	381 000	323 000
Creditors	2 000	2 000	6 000	8 000
Unpaid Taxes	130 000	72 000	64 000	145 000
Dividends	0	0	0	0
Other Current Debt	88 000	50 000	58 000	64 000
Total Current Debt	297 000	162 000	146 000	393 000
Total Equity and Debt	1 020 000	782 000	925 000	1 059 000

Financial indicators	2022	2021	2020	2019
Return on Equity	30,57 %	23,02 %	86,18 %	149,42 %
Debt-to-Equity Ratio	0	0,2	0,96	0,94
Operating Profit Margin	21,88 %	18,99 %	41,48 %	42,88 %
Current Ratio	2,07	3,28	2,5	1,23
Quick Ratio	2,07	3,28	2,5	1,23
Equity Ratio	0,71	0,66	0,43	0,32
Gross Profit Margin	100 %	98,76 %	97,31 %	95,44 %