THELEN AS

1622 GRESSVIK

Finances

Share Ownership

Return on Equity

48,47 %

Current Ratio

0,59

Debt-to-Equity Ratio

7,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 415 000	6 316 000	5 895 000	5 915 000
Net Income	95 000	−80 000	341 000	436 000
Total Assets	2 712 000	2 795 000	3 357 000	3 839 000
Total Equity	196 000	279 000	758 000	1 017 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 415 000	6 316 000	5 895 000	5 915 000
Expenditure	6 218 000	6 324 000	5 360 000	5 250 000
Operating Profit	196 000	−8 000	534 000	665 000
Financial Income	4 000	0	4 000	10 000
Financial Costs	90 000	83 000	101 000	116 000
Financial Balance	−86 000	−83 000	−97 000	−106 000
Earnings Before Tax	111 000	−91 000	438 000	559 000
Tax	16 000	−11 000	96 000	123 000
Net Income	95 000	−80 000	341 000	436 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 055 000	2 099 000	2 175 000	2 260 000
Total Current Assets	657 000	696 000	1 182 000	1 580 000
Total Assets	2 712 000	2 795 000	3 357 000	3 839 000
Total Retained Equity	96 000	179 000	658 000	917 000
Total Equity	196 000	279 000	758 000	1 017 000
Total Long-Term Debt	1 408 000	1 604 000	1 812 000	2 018 000
Total Current Debt	1 108 000	912 000	787 000	804 000
Total Equity and Debt	2 712 000	2 795 000	3 357 000	3 839 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 283 000	6 175 000	5 788 000	5 776 000
Other Income	132 000	141 000	107 000	140 000
Revenue	6 415 000	6 316 000	5 895 000	5 915 000
Cost of Goods Sold	149 000	157 000	139 000	168 000
Salary Costs	5 096 000	5 545 000	4 199 000	4 269 000
Depreciation	44 000	76 000	84 000	77 000
Impairment	0	0	0	0
Expenditure	6 218 000	6 324 000	5 360 000	5 250 000
Operating Profit	196 000	−8 000	534 000	665 000
Financial Income	4 000	0	4 000	10 000
Financial Costs	90 000	83 000	101 000	116 000
Financial Balance	−86 000	−83 000	−97 000	−106 000
Dividends	0	400 000	600 000	0
Net Income	95 000	−80 000	341 000	436 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 050 000	2 077 000	2 104 000	2 131 000
Machinery and Plant Facilities	5 000	0	0	0
Fixtures	0	22 000	71 000	129 000
Total Tangible Assets	2 055 000	2 099 000	2 175 000	2 260 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 055 000	2 099 000	2 175 000	2 260 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	608 000	624 000	1 087 000	1 473 000
Total Current Assets	657 000	696 000	1 182 000	1 580 000
Total Assets	2 712 000	2 795 000	3 357 000	3 839 000
Total Equity	196 000	279 000	758 000	1 017 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 408 000	1 604 000	1 812 000	2 018 000
Creditors	67 000	13 000	4 000	5 000
Unpaid Taxes	289 000	407 000	275 000	256 000
Dividends	0	400 000	600 000	0
Other Current Debt	737 000	493 000	402 000	411 000
Total Current Debt	1 108 000	912 000	787 000	804 000
Total Equity and Debt	2 712 000	2 795 000	3 357 000	3 839 000

Financial indicators	2022	2021	2020	2019
Return on Equity	48,47 %	−28,67 %	44,99 %	42,87 %
Debt-to-Equity Ratio	7,18	5,75	2,39	1,98
Operating Profit Margin	3,06 %	−0,13 %	9,06 %	11,24 %
Current Ratio	0,59	0,76	1,5	1,97
Quick Ratio	0,59	0,76	1,5	1,97
Equity Ratio	0,07	0,1	0,23	0,26
Gross Profit Margin	97,68 %	97,51 %	97,64 %	97,16 %