THERMAX AS

3170 SEM

Finances

Return on Equity

−13,15 %

Current Ratio

1,83

Debt-to-Equity Ratio

0,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	53 910 000	8 163 000	6 882 000	7 717 000
Net Income	−1 534 000	469 000	234 000	487 000
Total Assets	27 063 000	2 890 000	2 734 000	2 467 000
Total Equity	11 665 000	2 054 000	1 585 000	2 004 000

Income (NOK)	2022	2021	2020	2019
Revenue	53 910 000	8 163 000	6 882 000	7 717 000
Expenditure	56 038 000	7 130 000	6 439 000	7 065 000
Operating Profit	−2 128 000	1 033 000	444 000	651 000
Financial Income	10 000	7 000	19 000	0
Financial Costs	351 000	346 000	127 000	23 000
Financial Balance	−341 000	−339 000	−108 000	−23 000
Earnings Before Tax	−2 468 000	694 000	335 000	628 000
Tax	−935 000	225 000	101 000	142 000
Net Income	−1 534 000	469 000	234 000	487 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 743 000	65 000	606 000	810 000
Total Current Assets	24 320 000	2 825 000	2 128 000	1 658 000
Total Assets	27 063 000	2 890 000	2 734 000	2 467 000
Total Retained Equity	8 223 000	1 923 000	1 454 000	1 873 000
Total Equity	11 665 000	2 054 000	1 585 000	2 004 000
Total Long-Term Debt	2 126 000	29 000	36 000	4 000
Total Current Debt	13 272 000	807 000	1 113 000	459 000
Total Equity and Debt	27 063 000	2 890 000	2 734 000	2 467 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	53 892 000	8 163 000	6 720 000	7 717 000
Other Income	19 000	0	162 000	0
Revenue	53 910 000	8 163 000	6 882 000	7 717 000
Cost of Goods Sold	13 561 000	5 400 000	4 585 000	4 812 000
Salary Costs	32 994 000	793 000	939 000	1 021 000
Depreciation	653 000	22 000	22 000	42 000
Impairment	0	0	0	0
Expenditure	56 038 000	7 130 000	6 439 000	7 065 000
Operating Profit	−2 128 000	1 033 000	444 000	651 000
Financial Income	10 000	7 000	19 000	0
Financial Costs	351 000	346 000	127 000	23 000
Financial Balance	−341 000	−339 000	−108 000	−23 000
Dividends	0	0	653 000	0
Net Income	−1 534 000	469 000	234 000	487 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	986 000	0	0	0
Total Intangible Assets	1 273 000	36 000	48 000	60 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 470 000	29 000	38 000	125 000
Total Tangible Assets	1 470 000	29 000	38 000	125 000
Total Fiancial Fixed Assets	0	0	519 000	624 000
Total Fixed Assets	2 743 000	65 000	606 000	810 000
Stock	2 482 000	1 000 000	1 066 000	692 000
Total Investments	0	0	0	0
Cash, Bank	1 550 000	1 010 000	434 000	818 000
Total Current Assets	24 320 000	2 825 000	2 128 000	1 658 000
Total Assets	27 063 000	2 890 000	2 734 000	2 467 000
Total Equity	11 665 000	2 054 000	1 585 000	2 004 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 126 000	29 000	36 000	4 000
Creditors	2 049 000	181 000	28 000	0
Unpaid Taxes	3 957 000	323 000	398 000	164 000
Dividends	0	0	653 000	0
Other Current Debt	5 097 000	71 000	619 000	155 000
Total Current Debt	13 272 000	807 000	1 113 000	459 000
Total Equity and Debt	27 063 000	2 890 000	2 734 000	2 467 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−13,15 %	22,83 %	14,76 %	24,3 %
Debt-to-Equity Ratio	0,18	0,01	0,02	0
Operating Profit Margin	−3,95 %	12,65 %	6,45 %	8,44 %
Current Ratio	1,83	3,5	1,91	3,61
Quick Ratio	2,25	−14,64	45,28	−7,12
Equity Ratio	0,43	0,71	0,58	0,81
Gross Profit Margin	74,85 %	33,85 %	33,38 %	37,64 %