THERMTECH AS

5232 PARADIS

Finances

Share Ownership

Return on Equity

8,82 %

Current Ratio

4,13

Debt-to-Equity Ratio

1,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	30 185 000	44 935 000	47 787 000	23 774 000
Net Income	566 000	2 107 000	2 232 000	−7 165 000
Total Assets	21 386 000	22 446 000	44 379 000	20 780 000
Total Equity	6 415 000	6 117 000	7 220 000	6 449 000

Income (NOK)	2022	2021	2020	2019
Revenue	30 185 000	44 935 000	47 787 000	23 774 000
Expenditure	29 551 000	42 133 000	45 091 000	31 628 000
Operating Profit	635 000	2 802 000	2 697 000	−7 854 000
Financial Income	−163 000	−84 000	487 000	492 000
Financial Costs	−170 000	−412 000	308 000	152 000
Financial Balance	7 000	328 000	179 000	340 000
Earnings Before Tax	641 000	3 131 000	2 875 000	−7 514 000
Tax	76 000	1 023 000	644 000	−349 000
Net Income	566 000	2 107 000	2 232 000	−7 165 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	536 000	628 000	7 389 000	1 686 000
Total Current Assets	20 850 000	21 818 000	36 990 000	19 093 000
Total Assets	21 386 000	22 446 000	44 379 000	20 780 000
Total Retained Equity	315 000	17 000	1 120 000	349 000
Total Equity	6 415 000	6 117 000	7 220 000	6 449 000
Total Long-Term Debt	9 924 000	9 924 000	9 924 000	0
Total Current Debt	5 047 000	6 405 000	27 235 000	14 330 000
Total Equity and Debt	21 386 000	22 446 000	44 379 000	20 780 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	30 185 000	44 935 000	47 787 000	23 774 000
Other Income	0	0	0	0
Revenue	30 185 000	44 935 000	47 787 000	23 774 000
Cost of Goods Sold	11 323 000	19 866 000	25 635 000	10 721 000
Salary Costs	12 941 000	15 906 000	14 185 000	15 183 000
Depreciation	312 000	505 000	723 000	694 000
Impairment	0	0	0	0
Expenditure	29 551 000	42 133 000	45 091 000	31 628 000
Operating Profit	635 000	2 802 000	2 697 000	−7 854 000
Financial Income	−163 000	−84 000	487 000	492 000
Financial Costs	−170 000	−412 000	308 000	152 000
Financial Balance	7 000	328 000	179 000	340 000
Dividends	0	0	0	0
Net Income	566 000	2 107 000	2 232 000	−7 165 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	118 000	349 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	536 000	628 000	1 041 000	1 337 000
Total Tangible Assets	536 000	628 000	1 041 000	1 337 000
Total Fiancial Fixed Assets	0	0	6 230 000	0
Total Fixed Assets	536 000	628 000	7 389 000	1 686 000
Stock	5 694 000	2 871 000	7 172 000	3 378 000
Total Investments	0	0	0	0
Cash, Bank	4 678 000	9 765 000	7 164 000	4 486 000
Total Current Assets	20 850 000	21 818 000	36 990 000	19 093 000
Total Assets	21 386 000	22 446 000	44 379 000	20 780 000
Total Equity	6 415 000	6 117 000	7 220 000	6 449 000
Short-Term Group Debt	0	0	0	9 924 000
Total Long-Term Debt	9 924 000	9 924 000	9 924 000	0
Creditors	2 964 000	2 916 000	3 476 000	1 272 000
Unpaid Taxes	705 000	826 000	844 000	1 190 000
Dividends	0	0	0	0
Other Current Debt	1 378 000	2 663 000	22 915 000	1 945 000
Total Current Debt	5 047 000	6 405 000	27 235 000	14 330 000
Total Equity and Debt	21 386 000	22 446 000	44 379 000	20 780 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,82 %	34,44 %	30,91 %	−111,1 %
Debt-to-Equity Ratio	1,55	1,62	1,37	0
Operating Profit Margin	2,1 %	6,24 %	5,64 %	−33,04 %
Current Ratio	4,13	3,41	1,36	1,33
Quick Ratio	−32,23	6,17	1,84	1,74
Equity Ratio	0,3	0,27	0,16	0,31
Gross Profit Margin	62,49 %	55,79 %	46,36 %	54,9 %