Ø. THORSEN AS

2335 STANGE

Finances

Share Ownership

Return on Equity

26,42 %

Current Ratio

0,73

Debt-to-Equity Ratio

2,26

Key figures (NOK)	2022	2021	2020	2019
Revenue	8 664 000	8 058 000	8 115 000	7 379 000
Net Income	428 000	229 000	−42 000	758 000
Total Assets	9 240 000	9 299 000	9 419 000	9 972 000
Total Equity	1 620 000	1 192 000	963 000	1 005 000

Income (NOK)	2022	2021	2020	2019
Revenue	8 664 000	8 058 000	8 115 000	7 379 000
Expenditure	7 761 000	7 485 000	7 824 000	6 134 000
Operating Profit	903 000	573 000	291 000	1 245 000
Financial Income	0	0	0	0
Financial Costs	355 000	279 000	345 000	273 000
Financial Balance	−355 000	−279 000	−345 000	−273 000
Earnings Before Tax	548 000	294 000	−54 000	972 000
Tax	121 000	65 000	−12 000	214 000
Net Income	428 000	229 000	−42 000	758 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 366 000	6 518 000	6 506 000	6 564 000
Total Current Assets	2 874 000	2 781 000	2 913 000	3 407 000
Total Assets	9 240 000	9 299 000	9 419 000	9 972 000
Total Retained Equity	1 370 000	942 000	713 000	755 000
Total Equity	1 620 000	1 192 000	963 000	1 005 000
Total Long-Term Debt	3 665 000	3 920 000	4 175 000	4 470 000
Total Current Debt	3 955 000	4 187 000	4 281 000	4 497 000
Total Equity and Debt	9 240 000	9 299 000	9 419 000	9 972 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	8 365 000	7 827 000	7 947 000	7 215 000
Other Income	299 000	231 000	168 000	164 000
Revenue	8 664 000	8 058 000	8 115 000	7 379 000
Cost of Goods Sold	6 294 000	5 925 000	6 414 000	5 451 000
Salary Costs	544 000	611 000	535 000	32 000
Depreciation	223 000	202 000	180 000	167 000
Impairment	0	0	0	0
Expenditure	7 761 000	7 485 000	7 824 000	6 134 000
Operating Profit	903 000	573 000	291 000	1 245 000
Financial Income	0	0	0	0
Financial Costs	355 000	279 000	345 000	273 000
Financial Balance	−355 000	−279 000	−345 000	−273 000
Dividends	0	0	0	0
Net Income	428 000	229 000	−42 000	758 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	22 000	5 000	11 000	0
Real Eastate	6 115 000	6 206 000	6 343 000	6 481 000
Machinery and Plant Facilities	229 000	0	0	0
Fixtures	0	307 000	152 000	83 000
Total Tangible Assets	6 344 000	6 513 000	6 495 000	6 564 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	6 366 000	6 518 000	6 506 000	6 564 000
Stock	2 822 000	2 598 000	2 321 000	3 189 000
Total Investments	0	0	0	0
Cash, Bank	18 000	37 000	24 000	0
Total Current Assets	2 874 000	2 781 000	2 913 000	3 407 000
Total Assets	9 240 000	9 299 000	9 419 000	9 972 000
Total Equity	1 620 000	1 192 000	963 000	1 005 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 665 000	3 920 000	4 175 000	4 470 000
Creditors	80 000	800 000	369 000	2 107 000
Unpaid Taxes	383 000	278 000	488 000	119 000
Dividends	0	0	0	0
Other Current Debt	1 856 000	1 800 000	1 928 000	1 907 000
Total Current Debt	3 955 000	4 187 000	4 281 000	4 497 000
Total Equity and Debt	9 240 000	9 299 000	9 419 000	9 972 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,42 %	19,21 %	−4,36 %	75,42 %
Debt-to-Equity Ratio	2,26	3,29	4,34	4,45
Operating Profit Margin	10,42 %	7,11 %	3,59 %	16,87 %
Current Ratio	0,73	0,66	0,68	0,76
Quick Ratio	2,54	1,75	1,49	2,6
Equity Ratio	0,18	0,13	0,1	0,1
Gross Profit Margin	27,35 %	26,47 %	20,96 %	26,13 %