THORVALDSEN SERVICE AS

2822 BYBRUA

Finances

Share Ownership

Return on Equity

17,51 %

Current Ratio

3,12

Debt-to-Equity Ratio

−2,82

Key figures (NOK)	2022	2021	2020	2019
Revenue	98 000	223 000	87 000	102 000
Net Income	−69 000	−95 000	−242 000	−18 000
Total Assets	777 000	788 000	663 000	797 000
Total Equity	−394 000	−324 000	−230 000	12 000

Income (NOK)	2022	2021	2020	2019
Revenue	98 000	223 000	87 000	102 000
Expenditure	186 000	344 000	397 000	126 000
Operating Profit	−89 000	−121 000	−310 000	−23 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	−89 000	−121 000	−310 000	−23 000
Tax	−20 000	−27 000	−68 000	−5 000
Net Income	−69 000	−95 000	−242 000	−18 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	596 000	682 000	636 000	679 000
Total Current Assets	181 000	106 000	28 000	117 000
Total Assets	777 000	788 000	663 000	797 000
Total Retained Equity	−424 000	−354 000	−260 000	−18 000
Total Equity	−394 000	−324 000	−230 000	12 000
Total Long-Term Debt	1 113 000	1 086 000	870 000	785 000
Total Current Debt	58 000	27 000	23 000	0
Total Equity and Debt	777 000	788 000	663 000	797 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	98 000	176 000	87 000	102 000
Other Income	0	47 000	0	0
Revenue	98 000	223 000	87 000	102 000
Cost of Goods Sold	0	94 000	86 000	1 000
Salary Costs	0	0	0	0
Depreciation	156 000	121 000	144 000	35 000
Impairment	0	0	0	0
Expenditure	186 000	344 000	397 000	126 000
Operating Profit	−89 000	−121 000	−310 000	−23 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	−69 000	−95 000	−242 000	−18 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	120 000	100 000	73 000	5 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	476 000	582 000	562 000	674 000
Total Tangible Assets	476 000	582 000	562 000	674 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	596 000	682 000	636 000	679 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	130 000	6 000	12 000	52 000
Total Current Assets	181 000	106 000	28 000	117 000
Total Assets	777 000	788 000	663 000	797 000
Total Equity	−394 000	−324 000	−230 000	12 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 113 000	1 086 000	870 000	785 000
Creditors	−2 000	15 000	12 000	0
Unpaid Taxes	16 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	44 000	12 000	12 000	0
Total Current Debt	58 000	27 000	23 000	0
Total Equity and Debt	777 000	788 000	663 000	797 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,51 %	29,32 %	105,22 %	−150 %
Debt-to-Equity Ratio	−2,82	−3,35	−3,78	65,42
Operating Profit Margin	−90,82 %	−54,26 %	−356,32 %	−22,55 %
Current Ratio	3,12	3,93	1,22	-
Quick Ratio	3,12	3,93	1,22	-
Equity Ratio	−0,51	−0,41	−0,35	0,02
Gross Profit Margin	100 %	57,85 %	1,15 %	99,02 %