THERMTECH HOLDING AS

5232 PARADIS

Finances

Return on Equity

1,34 %

Current Ratio

0,1

Debt-to-Equity Ratio

−0,87

Key figures (NOK)	2022	2021	2020	2019
Revenue	88 000	100 000	324 000	528 000
Net Income	−848 000	1 481 000	−1 345 000	−8 048 000
Total Assets	8 384 000	7 242 000	7 572 000	8 984 000
Total Equity	−63 098 000	−62 249 000	−63 730 000	−62 386 000

Income (NOK)	2022	2021	2020	2019
Revenue	88 000	100 000	324 000	528 000
Expenditure	1 047 000	2 297 000	3 198 000	3 216 000
Operating Profit	−959 000	−2 197 000	−2 874 000	−2 689 000
Financial Income	344 000	4 116 000	1 873 000	0
Financial Costs	233 000	437 000	344 000	5 360 000
Financial Balance	111 000	3 679 000	1 529 000	−5 360 000
Earnings Before Tax	−848 000	1 481 000	−1 345 000	−8 048 000
Tax	0	0	0	0
Net Income	−848 000	1 481 000	−1 345 000	−8 048 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 784 000	6 984 000	7 384 000	7 848 000
Total Current Assets	1 600 000	258 000	189 000	1 136 000
Total Assets	8 384 000	7 242 000	7 572 000	8 984 000
Total Retained Equity	−69 748 000	−68 900 000	−70 381 000	−69 036 000
Total Equity	−63 098 000	−62 249 000	−63 730 000	−62 386 000
Total Long-Term Debt	54 993 000	54 993 000	54 993 000	54 993 000
Total Current Debt	16 489 000	14 498 000	16 310 000	16 376 000
Total Equity and Debt	8 384 000	7 242 000	7 572 000	8 984 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	100 000	324 000	528 000
Other Income	88 000	0	0	0
Revenue	88 000	100 000	324 000	528 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	200 000	400 000	464 000	464 000
Impairment	0	0	0	0
Expenditure	1 047 000	2 297 000	3 198 000	3 216 000
Operating Profit	−959 000	−2 197 000	−2 874 000	−2 689 000
Financial Income	344 000	4 116 000	1 873 000	0
Financial Costs	233 000	437 000	344 000	5 360 000
Financial Balance	111 000	3 679 000	1 529 000	−5 360 000
Dividends	0	0	0	0
Net Income	−848 000	1 481 000	−1 345 000	−8 048 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	64 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	600 000	800 000	1 200 000	1 600 000
Total Tangible Assets	600 000	800 000	1 200 000	1 600 000
Total Fiancial Fixed Assets	6 184 000	6 184 000	6 184 000	6 184 000
Total Fixed Assets	6 784 000	6 984 000	7 384 000	7 848 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 562 000	191 000	143 000	1 033 000
Total Current Assets	1 600 000	258 000	189 000	1 136 000
Total Assets	8 384 000	7 242 000	7 572 000	8 984 000
Total Equity	−63 098 000	−62 249 000	−63 730 000	−62 386 000
Short-Term Group Debt	4 933 000	14 205 000	16 206 000	16 231 000
Total Long-Term Debt	54 993 000	54 993 000	54 993 000	54 993 000
Creditors	54 000	79 000	−10 000	31 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	11 502 000	214 000	114 000	114 000
Total Current Debt	16 489 000	14 498 000	16 310 000	16 376 000
Total Equity and Debt	8 384 000	7 242 000	7 572 000	8 984 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,34 %	−2,38 %	2,11 %	12,9 %
Debt-to-Equity Ratio	−0,87	−0,88	−0,86	−0,88
Operating Profit Margin	−1 089,77 %	−2 197 %	−887,04 %	−509,28 %
Current Ratio	0,1	0,02	0,01	0,07
Quick Ratio	0,1	0,02	0,01	0,07
Equity Ratio	−7,53	−8,6	−8,42	−6,94
Gross Profit Margin	100 %	100 %	100 %	100 %