THERMOTECH AS

5514 HAUGESUND

Finances

Return on Equity

113,29 %

Current Ratio

1,09

Debt-to-Equity Ratio

0,34

Key figures (NOK)	2022	2021	2020	2019
Revenue	76 090 000	42 470 000	43 131 000	60 839 000
Net Income	16 465 000	5 410 000	8 164 000	8 328 000
Total Assets	47 828 000	33 841 000	33 173 000	27 494 000
Total Equity	14 533 000	10 168 000	9 958 000	15 294 000

Income (NOK)	2022	2021	2020	2019
Revenue	76 090 000	42 470 000	43 131 000	60 839 000
Expenditure	56 802 000	34 196 000	32 793 000	50 298 000
Operating Profit	19 289 000	8 275 000	10 338 000	10 541 000
Financial Income	1 645 000	134 000	179 000	231 000
Financial Costs	141 000	1 176 000	49 000	144 000
Financial Balance	1 504 000	−1 042 000	130 000	87 000
Earnings Before Tax	20 793 000	7 233 000	10 468 000	10 627 000
Tax	4 328 000	1 823 000	2 304 000	2 299 000
Net Income	16 465 000	5 410 000	8 164 000	8 328 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	17 110 000	19 621 000	3 497 000	4 039 000
Total Current Assets	30 718 000	14 220 000	29 676 000	23 456 000
Total Assets	47 828 000	33 841 000	33 173 000	27 494 000
Total Retained Equity	7 567 000	3 202 000	2 992 000	8 328 000
Total Equity	14 533 000	10 168 000	9 958 000	15 294 000
Total Long-Term Debt	5 000 000	10 000 000	0	0
Total Current Debt	28 295 000	13 673 000	23 215 000	12 200 000
Total Equity and Debt	47 828 000	33 841 000	33 173 000	27 494 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	76 090 000	42 344 000	42 841 000	60 839 000
Other Income	0	126 000	291 000	0
Revenue	76 090 000	42 470 000	43 131 000	60 839 000
Cost of Goods Sold	15 299 000	4 523 000	5 156 000	9 456 000
Salary Costs	32 054 000	23 299 000	21 819 000	32 142 000
Depreciation	858 000	770 000	801 000	852 000
Impairment	0	0	0	0
Expenditure	56 802 000	34 196 000	32 793 000	50 298 000
Operating Profit	19 289 000	8 275 000	10 338 000	10 541 000
Financial Income	1 645 000	134 000	179 000	231 000
Financial Costs	141 000	1 176 000	49 000	144 000
Financial Balance	1 504 000	−1 042 000	130 000	87 000
Dividends	12 100 000	5 200 000	13 500 000	0
Net Income	16 465 000	5 410 000	8 164 000	8 328 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	433 000	416 000	301 000	271 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	3 390 000	2 071 000	2 042 000	2 614 000
Fixtures	0	0	0	0
Total Tangible Assets	3 390 000	2 071 000	2 042 000	2 614 000
Total Fiancial Fixed Assets	13 287 000	17 134 000	1 154 000	1 154 000
Total Fixed Assets	17 110 000	19 621 000	3 497 000	4 039 000
Stock	3 061 000	2 200 000	2 651 000	2 778 000
Total Investments	0	0	0	0
Cash, Bank	1 136 000	5 834 000	9 373 000	7 651 000
Total Current Assets	30 718 000	14 220 000	29 676 000	23 456 000
Total Assets	47 828 000	33 841 000	33 173 000	27 494 000
Total Equity	14 533 000	10 168 000	9 958 000	15 294 000
Short-Term Group Debt	0	5 200 000	13 500 000	0
Total Long-Term Debt	5 000 000	10 000 000	0	0
Creditors	1 851 000	1 033 000	555 000	823 000
Unpaid Taxes	4 145 000	1 962 000	2 900 000	3 967 000
Dividends	12 100 000	5 200 000	13 500 000	0
Other Current Debt	5 856 000	3 540 000	3 926 000	5 073 000
Total Current Debt	28 295 000	13 673 000	23 215 000	12 200 000
Total Equity and Debt	47 828 000	33 841 000	33 173 000	27 494 000

Financial indicators	2022	2021	2020	2019
Return on Equity	113,29 %	53,21 %	81,98 %	54,45 %
Debt-to-Equity Ratio	0,34	0,98	0	0
Operating Profit Margin	25,35 %	19,48 %	23,97 %	17,33 %
Current Ratio	1,09	1,04	1,28	1,92
Quick Ratio	1,22	1,24	1,44	2,49
Equity Ratio	0,3	0,3	0,3	0,56
Gross Profit Margin	79,89 %	89,35 %	88,05 %	84,46 %