THERMOCUT AS

3290 STAVERN

Finances

Share Ownership

Return on Equity

15,52 %

Current Ratio

1,17

Debt-to-Equity Ratio

1,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 746 000	10 176 000	3 283 000	4 605 000
Net Income	340 000	156 000	611 000	186 000
Total Assets	6 900 000	5 377 000	5 284 000	5 061 000
Total Equity	2 191 000	1 851 000	1 695 000	1 083 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 746 000	10 176 000	3 283 000	4 605 000
Expenditure	4 166 000	9 872 000	2 379 000	4 240 000
Operating Profit	581 000	304 000	904 000	366 000
Financial Income	3 000	22 000	1 000	6 000
Financial Costs	146 000	125 000	126 000	140 000
Financial Balance	−143 000	−103 000	−125 000	−134 000
Earnings Before Tax	438 000	201 000	779 000	232 000
Tax	98 000	45 000	168 000	46 000
Net Income	340 000	156 000	611 000	186 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 242 000	4 299 000	4 335 000	4 215 000
Total Current Assets	2 657 000	1 079 000	949 000	845 000
Total Assets	6 900 000	5 377 000	5 284 000	5 061 000
Total Retained Equity	2 089 000	1 749 000	1 593 000	981 000
Total Equity	2 191 000	1 851 000	1 695 000	1 083 000
Total Long-Term Debt	2 442 000	2 581 000	2 720 000	2 743 000
Total Current Debt	2 267 000	945 000	869 000	1 234 000
Total Equity and Debt	6 900 000	5 377 000	5 284 000	5 061 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 289 000	9 700 000	2 841 000	4 312 000
Other Income	457 000	476 000	442 000	293 000
Revenue	4 746 000	10 176 000	3 283 000	4 605 000
Cost of Goods Sold	1 330 000	7 755 000	594 000	2 048 000
Salary Costs	1 553 000	1 110 000	885 000	1 253 000
Depreciation	56 000	52 000	29 000	28 000
Impairment	0	0	0	0
Expenditure	4 166 000	9 872 000	2 379 000	4 240 000
Operating Profit	581 000	304 000	904 000	366 000
Financial Income	3 000	22 000	1 000	6 000
Financial Costs	146 000	125 000	126 000	140 000
Financial Balance	−143 000	−103 000	−125 000	−134 000
Dividends	0	0	0	0
Net Income	340 000	156 000	611 000	186 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	4 123 000	4 156 000	4 188 000	4 215 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	119 000	143 000	147 000	0
Total Tangible Assets	4 242 000	4 299 000	4 335 000	4 215 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	4 242 000	4 299 000	4 335 000	4 215 000
Stock	513 000	618 000	375 000	250 000
Total Investments	0	0	0	0
Cash, Bank	1 025 000	53 000	199 000	41 000
Total Current Assets	2 657 000	1 079 000	949 000	845 000
Total Assets	6 900 000	5 377 000	5 284 000	5 061 000
Total Equity	2 191 000	1 851 000	1 695 000	1 083 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 442 000	2 581 000	2 720 000	2 743 000
Creditors	24 000	262 000	113 000	323 000
Unpaid Taxes	197 000	107 000	181 000	547 000
Dividends	0	0	0	0
Other Current Debt	1 954 000	316 000	257 000	269 000
Total Current Debt	2 267 000	945 000	869 000	1 234 000
Total Equity and Debt	6 900 000	5 377 000	5 284 000	5 061 000

Financial indicators	2022	2021	2020	2019
Return on Equity	15,52 %	8,43 %	36,05 %	17,17 %
Debt-to-Equity Ratio	1,11	1,39	1,6	2,53
Operating Profit Margin	12,24 %	2,99 %	27,54 %	7,95 %
Current Ratio	1,17	1,14	1,09	0,68
Quick Ratio	1,51	3,3	1,92	0,86
Equity Ratio	0,32	0,34	0,32	0,21
Gross Profit Margin	71,98 %	23,79 %	81,91 %	55,53 %