THORMAX AS

6019 ÅLESUND

Finances

Share Ownership

Return on Equity

22,52 %

Current Ratio

1,82

Debt-to-Equity Ratio

0,5

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 457 000	14 956 000	14 318 000	10 331 000
Net Income	343 000	628 000	367 000	29 000
Total Assets	4 292 000	4 120 000	3 679 000	2 969 000
Total Equity	1 523 000	1 282 000	804 000	537 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 457 000	14 956 000	14 318 000	10 331 000
Expenditure	13 884 000	14 019 000	13 734 000	10 178 000
Operating Profit	573 000	937 000	584 000	153 000
Financial Income	0	6 000	30 000	7 000
Financial Costs	132 000	137 000	145 000	118 000
Financial Balance	−132 000	−131 000	−115 000	−111 000
Earnings Before Tax	442 000	806 000	469 000	42 000
Tax	99 000	177 000	102 000	13 000
Net Income	343 000	628 000	367 000	29 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	649 000	658 000	634 000	74 000
Total Current Assets	3 643 000	3 462 000	3 045 000	2 895 000
Total Assets	4 292 000	4 120 000	3 679 000	2 969 000
Total Retained Equity	923 000	682 000	204 000	−63 000
Total Equity	1 523 000	1 282 000	804 000	537 000
Total Long-Term Debt	763 000	861 000	935 000	437 000
Total Current Debt	2 006 000	1 977 000	1 940 000	1 994 000
Total Equity and Debt	4 292 000	4 120 000	3 679 000	2 969 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 457 000	14 956 000	14 318 000	10 331 000
Other Income	0	0	0	0
Revenue	14 457 000	14 956 000	14 318 000	10 331 000
Cost of Goods Sold	9 953 000	9 963 000	10 147 000	6 958 000
Salary Costs	2 180 000	2 323 000	2 046 000	1 815 000
Depreciation	23 000	32 000	35 000	33 000
Impairment	0	0	0	0
Expenditure	13 884 000	14 019 000	13 734 000	10 178 000
Operating Profit	573 000	937 000	584 000	153 000
Financial Income	0	6 000	30 000	7 000
Financial Costs	132 000	137 000	145 000	118 000
Financial Balance	−132 000	−131 000	−115 000	−111 000
Dividends	100 000	150 000	100 000	0
Net Income	343 000	628 000	367 000	29 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	2 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	572 000	564 000	516 000	49 000
Fixtures	77 000	94 000	118 000	23 000
Total Tangible Assets	649 000	658 000	634 000	72 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	649 000	658 000	634 000	74 000
Stock	2 473 000	2 079 000	1 827 000	1 793 000
Total Investments	0	0	0	0
Cash, Bank	284 000	316 000	581 000	181 000
Total Current Assets	3 643 000	3 462 000	3 045 000	2 895 000
Total Assets	4 292 000	4 120 000	3 679 000	2 969 000
Total Equity	1 523 000	1 282 000	804 000	537 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	763 000	861 000	935 000	437 000
Creditors	1 152 000	1 190 000	1 403 000	1 538 000
Unpaid Taxes	282 000	264 000	155 000	136 000
Dividends	100 000	150 000	100 000	0
Other Current Debt	283 000	213 000	210 000	147 000
Total Current Debt	2 006 000	1 977 000	1 940 000	1 994 000
Total Equity and Debt	4 292 000	4 120 000	3 679 000	2 969 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,52 %	48,99 %	45,65 %	5,4 %
Debt-to-Equity Ratio	0,5	0,67	1,16	0,81
Operating Profit Margin	3,96 %	6,27 %	4,08 %	1,48 %
Current Ratio	1,82	1,75	1,57	1,45
Quick Ratio	−7,8	−33,94	26,95	14,4
Equity Ratio	0,35	0,31	0,22	0,18
Gross Profit Margin	31,15 %	33,38 %	29,13 %	32,65 %