THERMOMAX TRONDHEIM AS

7080 HEIMDAL

Finances

Return on Equity

28,99 %

Current Ratio

1,58

Debt-to-Equity Ratio

0,64

Key figures (NOK)	2022	2021	2020	2019
Revenue	197 545 000	176 422 000	166 721 000	138 918 000
Net Income	9 940 000	13 558 000	10 621 000	6 285 000
Total Assets	102 784 000	102 187 000	47 048 000	37 394 000
Total Equity	34 285 000	39 845 000	26 287 000	15 666 000

Income (NOK)	2022	2021	2020	2019
Revenue	197 545 000	176 422 000	166 721 000	138 918 000
Expenditure	183 238 000	159 427 000	153 524 000	130 909 000
Operating Profit	14 307 000	16 995 000	13 196 000	8 009 000
Financial Income	186 000	1 006 000	628 000	779 000
Financial Costs	1 742 000	617 000	202 000	730 000
Financial Balance	−1 556 000	389 000	426 000	49 000
Earnings Before Tax	12 750 000	17 384 000	13 623 000	8 058 000
Tax	2 810 000	3 826 000	3 002 000	1 773 000
Net Income	9 940 000	13 558 000	10 621 000	6 285 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	29 115 000	39 120 000	2 420 000	189 000
Total Current Assets	73 668 000	63 067 000	44 628 000	37 205 000
Total Assets	102 784 000	102 187 000	47 048 000	37 394 000
Total Retained Equity	34 175 000	39 735 000	26 177 000	15 556 000
Total Equity	34 285 000	39 845 000	26 287 000	15 666 000
Total Long-Term Debt	21 884 000	25 743 000	472 000	490 000
Total Current Debt	46 615 000	36 599 000	20 289 000	21 238 000
Total Equity and Debt	102 784 000	102 187 000	47 048 000	37 394 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	184 809 000	175 609 000	166 563 000	138 607 000
Other Income	12 735 000	813 000	158 000	311 000
Revenue	197 545 000	176 422 000	166 721 000	138 918 000
Cost of Goods Sold	90 993 000	86 458 000	80 347 000	61 983 000
Salary Costs	36 300 000	30 125 000	28 652 000	26 328 000
Depreciation	8 108 000	4 455 000	23 000	11 000
Impairment	0	0	0	0
Expenditure	183 238 000	159 427 000	153 524 000	130 909 000
Operating Profit	14 307 000	16 995 000	13 196 000	8 009 000
Financial Income	186 000	1 006 000	628 000	779 000
Financial Costs	1 742 000	617 000	202 000	730 000
Financial Balance	−1 556 000	389 000	426 000	49 000
Dividends	15 500 000	0	0	0
Net Income	9 940 000	13 558 000	10 621 000	6 285 000

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	28 028 000	37 988 000	1 837 000	0
Fixtures	32 000	76 000	128 000	13 000
Total Tangible Assets	28 060 000	38 064 000	1 965 000	13 000
Total Fiancial Fixed Assets	1 056 000	1 056 000	455 000	176 000
Total Fixed Assets	29 115 000	39 120 000	2 420 000	189 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	28 495 000	24 160 000	23 778 000	14 145 000
Total Current Assets	73 668 000	63 067 000	44 628 000	37 205 000
Total Assets	102 784 000	102 187 000	47 048 000	37 394 000
Total Equity	34 285 000	39 845 000	26 287 000	15 666 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	21 884 000	25 743 000	472 000	490 000
Creditors	28 396 000	25 338 000	9 880 000	10 502 000
Unpaid Taxes	5 092 000	1 928 000	3 092 000	2 605 000
Dividends	15 500 000	0	0	0
Other Current Debt	10 421 000	6 658 000	4 297 000	6 206 000
Total Current Debt	46 615 000	36 599 000	20 289 000	21 238 000
Total Equity and Debt	102 784 000	102 187 000	47 048 000	37 394 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,99 %	34,03 %	40,4 %	40,12 %
Debt-to-Equity Ratio	0,64	0,65	0,02	0,03
Operating Profit Margin	7,24 %	9,63 %	7,92 %	5,77 %
Current Ratio	1,58	1,72	2,2	1,75
Quick Ratio	1,58	1,72	2,2	1,75
Equity Ratio	0,33	0,39	0,56	0,42
Gross Profit Margin	53,94 %	50,99 %	51,81 %	55,38 %