TH ELEKTRO AS

2160 VORMSUND

Finances

Share Ownership

Return on Equity

60,59 %

Current Ratio

1,64

Debt-to-Equity Ratio

0,38

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 701 000	9 032 000	4 810 000	4 434 000
Net Income	618 000	−327 000	317 000	229 000
Total Assets	2 907 000	1 767 000	1 741 000	1 246 000
Total Equity	1 020 000	551 000	878 000	561 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 701 000	9 032 000	4 810 000	4 434 000
Expenditure	10 910 000	9 359 000	4 435 000	4 201 000
Operating Profit	791 000	−327 000	377 000	234 000
Financial Income	11 000	0	0	1 000
Financial Costs	9 000	11 000	7 000	6 000
Financial Balance	2 000	−11 000	−7 000	−5 000
Earnings Before Tax	793 000	−338 000	371 000	229 000
Tax	174 000	−12 000	54 000	0
Net Income	618 000	−327 000	317 000	229 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	444 000	108 000	82 000	166 000
Total Current Assets	2 464 000	1 659 000	1 660 000	1 081 000
Total Assets	2 907 000	1 767 000	1 741 000	1 246 000
Total Retained Equity	915 000	446 000	773 000	456 000
Total Equity	1 020 000	551 000	878 000	561 000
Total Long-Term Debt	387 000	0	12 000	0
Total Current Debt	1 502 000	1 216 000	852 000	685 000
Total Equity and Debt	2 907 000	1 767 000	1 741 000	1 246 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 701 000	9 032 000	4 798 000	4 238 000
Other Income	0	0	12 000	197 000
Revenue	11 701 000	9 032 000	4 810 000	4 434 000
Cost of Goods Sold	4 425 000	3 768 000	1 806 000	1 469 000
Salary Costs	4 954 000	4 309 000	2 047 000	2 197 000
Depreciation	50 000	7 000	51 000	57 000
Impairment	0	0	0	0
Expenditure	10 910 000	9 359 000	4 435 000	4 201 000
Operating Profit	791 000	−327 000	377 000	234 000
Financial Income	11 000	0	0	1 000
Financial Costs	9 000	11 000	7 000	6 000
Financial Balance	2 000	−11 000	−7 000	−5 000
Dividends	150 000	0	0	0
Net Income	618 000	−327 000	317 000	229 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	409 000	22 000	29 000	79 000
Total Tangible Assets	409 000	22 000	29 000	79 000
Total Fiancial Fixed Assets	35 000	86 000	53 000	86 000
Total Fixed Assets	444 000	108 000	82 000	166 000
Stock	91 000	86 000	41 000	36 000
Total Investments	0	0	0	0
Cash, Bank	1 807 000	701 000	460 000	818 000
Total Current Assets	2 464 000	1 659 000	1 660 000	1 081 000
Total Assets	2 907 000	1 767 000	1 741 000	1 246 000
Total Equity	1 020 000	551 000	878 000	561 000
Short-Term Group Debt	150 000	0	0	0
Total Long-Term Debt	387 000	0	12 000	0
Creditors	146 000	410 000	211 000	260 000
Unpaid Taxes	753 000	459 000	428 000	249 000
Dividends	150 000	0	0	0
Other Current Debt	333 000	346 000	169 000	176 000
Total Current Debt	1 502 000	1 216 000	852 000	685 000
Total Equity and Debt	2 907 000	1 767 000	1 741 000	1 246 000

Financial indicators	2022	2021	2020	2019
Return on Equity	60,59 %	−59,35 %	36,1 %	40,82 %
Debt-to-Equity Ratio	0,38	0	0,01	0
Operating Profit Margin	6,76 %	−3,62 %	7,84 %	5,28 %
Current Ratio	1,64	1,36	1,95	1,58
Quick Ratio	1,75	1,47	2,05	1,67
Equity Ratio	0,35	0,31	0,5	0,45
Gross Profit Margin	62,18 %	58,28 %	62,45 %	66,87 %