THORMODSÆTER ENTREPRENØR AS

5454 SÆBØVIK

Finances

Share Ownership

Return on Equity

12,63 %

Current Ratio

1,85

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 758 000	9 030 000	9 053 000	8 091 000
Net Income	318 000	624 000	−140 000	402 000
Total Assets	5 563 000	5 079 000	4 064 000	3 179 000
Total Equity	2 518 000	2 600 000	1 976 000	2 116 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 758 000	9 030 000	9 053 000	8 091 000
Expenditure	12 671 000	8 428 000	9 241 000	7 624 000
Operating Profit	430 000	668 000	−144 000	550 000
Financial Income	2 000	159 000	2 000	1 000
Financial Costs	23 000	26 000	23 000	32 000
Financial Balance	−21 000	133 000	−21 000	−31 000
Earnings Before Tax	408 000	801 000	−165 000	518 000
Tax	90 000	177 000	−25 000	116 000
Net Income	318 000	624 000	−140 000	402 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	912 000	1 169 000	763 000	844 000
Total Current Assets	4 651 000	3 911 000	3 301 000	2 335 000
Total Assets	5 563 000	5 079 000	4 064 000	3 179 000
Total Retained Equity	2 418 000	2 100 000	1 476 000	1 616 000
Total Equity	2 518 000	2 600 000	1 976 000	2 116 000
Total Long-Term Debt	536 000	667 000	450 000	503 000
Total Current Debt	2 509 000	1 812 000	1 638 000	559 000
Total Equity and Debt	5 563 000	5 079 000	4 064 000	3 179 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 637 000	8 658 000	9 221 000	8 248 000
Other Income	121 000	371 000	−167 000	−157 000
Revenue	12 758 000	9 030 000	9 053 000	8 091 000
Cost of Goods Sold	6 806 000	4 249 000	4 757 000	3 830 000
Salary Costs	2 299 000	1 572 000	1 704 000	1 634 000
Depreciation	435 000	320 000	261 000	243 000
Impairment	0	0	0	0
Expenditure	12 671 000	8 428 000	9 241 000	7 624 000
Operating Profit	430 000	668 000	−144 000	550 000
Financial Income	2 000	159 000	2 000	1 000
Financial Costs	23 000	26 000	23 000	32 000
Financial Balance	−21 000	133 000	−21 000	−31 000
Dividends	0	0	0	0
Net Income	318 000	624 000	−140 000	402 000

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	912 000	1 169 000	691 000	725 000
Fixtures	0	0	72 000	119 000
Total Tangible Assets	912 000	1 169 000	763 000	844 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	912 000	1 169 000	763 000	844 000
Stock	1 532 000	1 188 000	1 121 000	825 000
Total Investments	0	0	0	0
Cash, Bank	1 559 000	1 351 000	105 000	201 000
Total Current Assets	4 651 000	3 911 000	3 301 000	2 335 000
Total Assets	5 563 000	5 079 000	4 064 000	3 179 000
Total Equity	2 518 000	2 600 000	1 976 000	2 116 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	536 000	667 000	450 000	503 000
Creditors	1 403 000	994 000	646 000	224 000
Unpaid Taxes	355 000	384 000	154 000	17 000
Dividends	0	0	0	0
Other Current Debt	627 000	228 000	837 000	173 000
Total Current Debt	2 509 000	1 812 000	1 638 000	559 000
Total Equity and Debt	5 563 000	5 079 000	4 064 000	3 179 000

Financial indicators	2022	2021	2020	2019
Return on Equity	12,63 %	24 %	−7,09 %	19 %
Debt-to-Equity Ratio	0,21	0,26	0,23	0,24
Operating Profit Margin	3,37 %	7,4 %	−1,59 %	6,8 %
Current Ratio	1,85	2,16	2,02	4,18
Quick Ratio	4,76	6,27	6,38	−8,78
Equity Ratio	0,45	0,51	0,49	0,67
Gross Profit Margin	46,65 %	52,95 %	47,45 %	52,66 %