TILSETH AS

6105 VOLDA

Finances

Share Ownership

Return on Equity

51,48 %

Current Ratio

2,3

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	13 395 000	13 797 000	13 148 000	14 364 000
Net Income	2 088 000	1 711 000	953 000	−104 000
Total Assets	6 957 000	4 796 000	4 829 000	6 560 000
Total Equity	4 056 000	2 468 000	1 707 000	1 596 000

Income (NOK)	2022	2021	2020	2019
Revenue	13 395 000	13 797 000	13 148 000	14 364 000
Expenditure	10 702 000	11 586 000	11 916 000	14 392 000
Operating Profit	2 692 000	2 211 000	1 231 000	−27 000
Financial Income	5 000	0	32 000	20 000
Financial Costs	18 000	16 000	40 000	117 000
Financial Balance	−13 000	−16 000	−8 000	−97 000
Earnings Before Tax	2 679 000	2 195 000	1 223 000	−124 000
Tax	592 000	483 000	270 000	−20 000
Net Income	2 088 000	1 711 000	953 000	−104 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 350 000	573 000	199 000	3 086 000
Total Current Assets	5 607 000	4 222 000	4 629 000	3 474 000
Total Assets	6 957 000	4 796 000	4 829 000	6 560 000
Total Retained Equity	3 816 000	2 228 000	1 467 000	1 096 000
Total Equity	4 056 000	2 468 000	1 707 000	1 596 000
Total Long-Term Debt	458 000	0	705 000	1 986 000
Total Current Debt	2 443 000	2 328 000	2 417 000	2 977 000
Total Equity and Debt	6 957 000	4 796 000	4 829 000	6 560 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	13 395 000	13 789 000	13 148 000	14 025 000
Other Income	0	8 000	0	339 000
Revenue	13 395 000	13 797 000	13 148 000	14 364 000
Cost of Goods Sold	5 035 000	6 041 000	7 278 000	8 781 000
Salary Costs	4 184 000	4 384 000	3 088 000	3 764 000
Depreciation	229 000	134 000	51 000	181 000
Impairment	0	0	0	0
Expenditure	10 702 000	11 586 000	11 916 000	14 392 000
Operating Profit	2 692 000	2 211 000	1 231 000	−27 000
Financial Income	5 000	0	32 000	20 000
Financial Costs	18 000	16 000	40 000	117 000
Financial Balance	−13 000	−16 000	−8 000	−97 000
Dividends	500 000	350 000	0	0
Net Income	2 088 000	1 711 000	953 000	−104 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 000	24 000	57 000	135 000
Real Eastate	5 000	10 000	15 000	2 472 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 343 000	539 000	127 000	479 000
Total Tangible Assets	1 348 000	549 000	142 000	2 951 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 350 000	573 000	199 000	3 086 000
Stock	512 000	192 000	347 000	328 000
Total Investments	0	0	0	0
Cash, Bank	3 548 000	2 737 000	793 000	872 000
Total Current Assets	5 607 000	4 222 000	4 629 000	3 474 000
Total Assets	6 957 000	4 796 000	4 829 000	6 560 000
Total Equity	4 056 000	2 468 000	1 707 000	1 596 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	458 000	0	705 000	1 986 000
Creditors	362 000	617 000	1 418 000	1 553 000
Unpaid Taxes	430 000	304 000	263 000	492 000
Dividends	500 000	350 000	0	0
Other Current Debt	582 000	607 000	488 000	909 000
Total Current Debt	2 443 000	2 328 000	2 417 000	2 977 000
Total Equity and Debt	6 957 000	4 796 000	4 829 000	6 560 000

Financial indicators	2022	2021	2020	2019
Return on Equity	51,48 %	69,33 %	55,83 %	−6,52 %
Debt-to-Equity Ratio	0,11	0	0,41	1,24
Operating Profit Margin	20,1 %	16,03 %	9,36 %	−0,19 %
Current Ratio	2,3	1,81	1,92	1,17
Quick Ratio	2,9	1,98	2,24	1,31
Equity Ratio	0,58	0,51	0,35	0,24
Gross Profit Margin	62,41 %	56,22 %	44,65 %	38,87 %