THURLESTONE SHIPPING (NORWAY) AS

0160 OSLO

Finances

Share Ownership

Return on Equity

−46,64 %

Current Ratio

0,66

Debt-to-Equity Ratio

−0

Key figures (NOK)	2022	2021	2020
Revenue	3 932 000	2 904 000	2 054 000
Net Income	382 000	661 000	−1 027 000
Total Assets	2 225 000	1 631 000	1 300 000
Total Equity	−819 000	−1 202 000	−1 862 000

Income (NOK)	2022	2021	2020
Revenue	3 932 000	2 904 000	2 054 000
Expenditure	3 634 000	2 598 000	3 289 000
Operating Profit	298 000	306 000	−1 235 000
Financial Income	247 000	63 000	263 000
Financial Costs	42 000	45 000	54 000
Financial Balance	205 000	18 000	209 000
Earnings Before Tax	503 000	324 000	−1 027 000
Tax	121 000	−337 000	0
Net Income	382 000	661 000	−1 027 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	216 000	337 000	0
Total Current Assets	2 009 000	1 294 000	1 300 000
Total Assets	2 225 000	1 631 000	1 300 000
Total Retained Equity	−844 000	−1 226 000	−1 887 000
Total Equity	−819 000	−1 202 000	−1 862 000
Total Long-Term Debt	0	0	0
Total Current Debt	3 045 000	2 832 000	3 162 000
Total Equity and Debt	2 225 000	1 631 000	1 300 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 932 000	2 904 000	2 054 000
Other Income	0	0	0
Revenue	3 932 000	2 904 000	2 054 000
Cost of Goods Sold	0	0	0
Salary Costs	2 800 000	2 214 000	2 776 000
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	3 634 000	2 598 000	3 289 000
Operating Profit	298 000	306 000	−1 235 000
Financial Income	247 000	63 000	263 000
Financial Costs	42 000	45 000	54 000
Financial Balance	205 000	18 000	209 000
Dividends	0	0	0
Net Income	382 000	661 000	−1 027 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	216 000	337 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	0	0	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	216 000	337 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	1 588 000	976 000	554 000
Total Current Assets	2 009 000	1 294 000	1 300 000
Total Assets	2 225 000	1 631 000	1 300 000
Total Equity	−819 000	−1 202 000	−1 862 000
Short-Term Group Debt	2 468 000	2 468 000	2 654 000
Total Long-Term Debt	0	0	0
Creditors	104 000	8 000	50 000
Unpaid Taxes	162 000	127 000	172 000
Dividends	0	0	0
Other Current Debt	311 000	229 000	286 000
Total Current Debt	3 045 000	2 832 000	3 162 000
Total Equity and Debt	2 225 000	1 631 000	1 300 000

Financial indicators	2022	2021	2020
Return on Equity	−46,64 %	−54,99 %	55,16 %
Debt-to-Equity Ratio	−0	−0	−0
Operating Profit Margin	7,58 %	10,54 %	−60,13 %
Current Ratio	0,66	0,46	0,41
Quick Ratio	0,66	0,46	0,41
Equity Ratio	−0,37	−0,74	−1,43
Gross Profit Margin	100 %	100 %	100 %