TERRA HEATING AS

3128 NØTTERØY

Finances

Share Ownership

Return on Equity

124,24 %

Current Ratio

1,32

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 402 000	1 236 000	1 837 000	1 217 000
Net Income	41 000	227 000	−172 000	−268 000
Total Assets	135 000	46 000	88 000	143 000
Total Equity	33 000	−8 000	−235 000	−73 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 402 000	1 236 000	1 837 000	1 217 000
Expenditure	1 360 000	1 042 000	2 008 000	1 481 000
Operating Profit	42 000	193 000	−170 000	−265 000
Financial Income	0	0	0	0
Financial Costs	1 000	1 000	1 000	3 000
Financial Balance	−1 000	−1 000	−1 000	−3 000
Earnings Before Tax	41 000	192 000	−172 000	−268 000
Tax	0	−35 000	0	0
Net Income	41 000	227 000	−172 000	−268 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	22 000
Total Current Assets	135 000	46 000	88 000	122 000
Total Assets	135 000	46 000	88 000	143 000
Total Retained Equity	−197 000	−238 000	−465 000	−303 000
Total Equity	33 000	−8 000	−235 000	−73 000
Total Long-Term Debt	0	0	208 000	95 000
Total Current Debt	102 000	54 000	115 000	122 000
Total Equity and Debt	135 000	46 000	88 000	143 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 400 000	1 236 000	1 837 000	1 217 000
Other Income	2 000	0	0	0
Revenue	1 402 000	1 236 000	1 837 000	1 217 000
Cost of Goods Sold	1 246 000	879 000	1 926 000	1 037 000
Salary Costs	0	0	0	0
Depreciation	0	0	22 000	18 000
Impairment	0	0	0	0
Expenditure	1 360 000	1 042 000	2 008 000	1 481 000
Operating Profit	42 000	193 000	−170 000	−265 000
Financial Income	0	0	0	0
Financial Costs	1 000	1 000	1 000	3 000
Financial Balance	−1 000	−1 000	−1 000	−3 000
Dividends	0	0	0	0
Net Income	41 000	227 000	−172 000	−268 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	22 000
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	22 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	22 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	47 000	32 000	0	0
Total Current Assets	135 000	46 000	88 000	122 000
Total Assets	135 000	46 000	88 000	143 000
Total Equity	33 000	−8 000	−235 000	−73 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	208 000	95 000
Creditors	102 000	19 000	110 000	111 000
Unpaid Taxes	0	36 000	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	102 000	54 000	115 000	122 000
Total Equity and Debt	135 000	46 000	88 000	143 000

Financial indicators	2022	2021	2020	2019
Return on Equity	124,24 %	−2 837,5 %	73,19 %	367,12 %
Debt-to-Equity Ratio	0	−0	−0,89	−1,3
Operating Profit Margin	3 %	15,61 %	−9,25 %	−21,77 %
Current Ratio	1,32	0,85	0,77	1
Quick Ratio	1,32	0,85	0,77	1
Equity Ratio	0,24	−0,17	−2,67	−0,51
Gross Profit Margin	11,13 %	28,88 %	−4,84 %	14,79 %