THORVALDSEN EIENDOMSUTVIKLING AS

1351 RUD

Finances

Return on Equity

3,75 %

Current Ratio

2,16

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	39 894 000	39 453 000	59 133 000	47 345 000
Net Income	1 766 000	3 463 000	9 367 000	3 028 000
Total Assets	84 750 000	85 682 000	72 508 000	50 193 000
Total Equity	47 040 000	45 273 000	42 495 000	35 128 000

Income (NOK)	2022	2021	2020	2019
Revenue	39 894 000	39 453 000	59 133 000	47 345 000
Expenditure	36 885 000	34 322 000	46 242 000	42 436 000
Operating Profit	3 010 000	5 131 000	12 892 000	4 910 000
Financial Income	12 000	11 000	4 000	12 000
Financial Costs	745 000	692 000	877 000	1 034 000
Financial Balance	−733 000	−681 000	−873 000	−1 022 000
Earnings Before Tax	2 277 000	4 451 000	12 018 000	3 888 000
Tax	511 000	988 000	2 651 000	860 000
Net Income	1 766 000	3 463 000	9 367 000	3 028 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 491 000	2 002 000	7 295 000	8 779 000
Total Current Assets	81 259 000	83 680 000	65 213 000	41 414 000
Total Assets	84 750 000	85 682 000	72 508 000	50 193 000
Total Retained Equity	46 936 000	45 169 000	42 391 000	35 024 000
Total Equity	47 040 000	45 273 000	42 495 000	35 128 000
Total Long-Term Debt	118 000	825 000	1 004 000	0
Total Current Debt	37 592 000	39 584 000	29 009 000	15 064 000
Total Equity and Debt	84 750 000	85 682 000	72 508 000	50 193 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	39 775 000	39 033 000	56 929 000	46 760 000
Other Income	119 000	420 000	2 205 000	585 000
Revenue	39 894 000	39 453 000	59 133 000	47 345 000
Cost of Goods Sold	35 685 000	33 055 000	45 037 000	40 772 000
Salary Costs	802 000	737 000	0	0
Depreciation	108 000	−259 000	0	128 000
Impairment	0	0	0	0
Expenditure	36 885 000	34 322 000	46 242 000	42 436 000
Operating Profit	3 010 000	5 131 000	12 892 000	4 910 000
Financial Income	12 000	11 000	4 000	12 000
Financial Costs	745 000	692 000	877 000	1 034 000
Financial Balance	−733 000	−681 000	−873 000	−1 022 000
Dividends	0	685 000	1 000 000	1 000 000
Net Income	1 766 000	3 463 000	9 367 000	3 028 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	449 000
Real Eastate	0	0	4 554 000	4 554 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 940 000	642 000	0	2 098 000
Total Tangible Assets	1 940 000	642 000	4 554 000	6 653 000
Total Fiancial Fixed Assets	1 551 000	1 359 000	2 741 000	1 677 000
Total Fixed Assets	3 491 000	2 002 000	7 295 000	8 779 000
Stock	69 585 000	62 257 000	35 735 000	32 933 000
Total Investments	0	0	0	0
Cash, Bank	10 751 000	4 497 000	1 911 000	6 911 000
Total Current Assets	81 259 000	83 680 000	65 213 000	41 414 000
Total Assets	84 750 000	85 682 000	72 508 000	50 193 000
Total Equity	47 040 000	45 273 000	42 495 000	35 128 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	118 000	825 000	1 004 000	0
Creditors	4 466 000	4 124 000	1 843 000	1 450 000
Unpaid Taxes	37 000	56 000	0	0
Dividends	0	685 000	1 000 000	1 000 000
Other Current Debt	1 372 000	1 178 000	1 984 000	1 081 000
Total Current Debt	37 592 000	39 584 000	29 009 000	15 064 000
Total Equity and Debt	84 750 000	85 682 000	72 508 000	50 193 000

Financial indicators	2022	2021	2020	2019
Return on Equity	3,75 %	7,65 %	22,04 %	8,62 %
Debt-to-Equity Ratio	0	0,02	0,02	0
Operating Profit Margin	7,54 %	13,01 %	21,8 %	10,37 %
Current Ratio	2,16	2,11	2,25	2,75
Quick Ratio	−2,54	−3,69	−9,7	−2,32
Equity Ratio	0,56	0,53	0,59	0,7
Gross Profit Margin	10,55 %	16,22 %	23,84 %	13,88 %