TORQ/LITE EUROPE AS

4032 STAVANGER

Finances

Share Ownership

Return on Equity

29,71 %

Current Ratio

1,64

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 622 000	5 213 000	5 538 000	13 343 000
Net Income	624 000	247 000	−804 000	541 000
Total Assets	4 364 000	3 132 000	2 729 000	4 937 000
Total Equity	2 100 000	1 340 000	1 093 000	1 897 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 622 000	5 213 000	5 538 000	13 343 000
Expenditure	8 968 000	4 899 000	6 064 000	12 428 000
Operating Profit	653 000	314 000	−526 000	916 000
Financial Income	87 000	11 000	168 000	44 000
Financial Costs	155 000	78 000	144 000	265 000
Financial Balance	−68 000	−67 000	24 000	−221 000
Earnings Before Tax	586 000	247 000	−502 000	695 000
Tax	−38 000	0	302 000	154 000
Net Income	624 000	247 000	−804 000	541 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	641 000	734 000	943 000	1 507 000
Total Current Assets	3 723 000	2 399 000	1 786 000	3 430 000
Total Assets	4 364 000	3 132 000	2 729 000	4 937 000
Total Retained Equity	−1 036 000	−1 660 000	−1 907 000	−1 103 000
Total Equity	2 100 000	1 340 000	1 093 000	1 897 000
Total Long-Term Debt	0	474 000	995 000	1 592 000
Total Current Debt	2 265 000	1 319 000	641 000	1 448 000
Total Equity and Debt	4 364 000	3 132 000	2 729 000	4 937 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 622 000	5 213 000	5 538 000	13 343 000
Other Income	0	0	0	0
Revenue	9 622 000	5 213 000	5 538 000	13 343 000
Cost of Goods Sold	4 571 000	2 038 000	2 648 000	6 923 000
Salary Costs	2 225 000	1 552 000	1 707 000	2 341 000
Depreciation	212 000	209 000	262 000	1 151 000
Impairment	0	0	0	0
Expenditure	8 968 000	4 899 000	6 064 000	12 428 000
Operating Profit	653 000	314 000	−526 000	916 000
Financial Income	87 000	11 000	168 000	44 000
Financial Costs	155 000	78 000	144 000	265 000
Financial Balance	−68 000	−67 000	24 000	−221 000
Dividends	0	0	0	0
Net Income	624 000	247 000	−804 000	541 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	302 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	32 000
Fixtures	37 000	3 000	12 000	41 000
Total Tangible Assets	641 000	734 000	943 000	1 205 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	641 000	734 000	943 000	1 507 000
Stock	2 172 000	1 419 000	1 154 000	1 277 000
Total Investments	0	0	0	0
Cash, Bank	208 000	141 000	24 000	735 000
Total Current Assets	3 723 000	2 399 000	1 786 000	3 430 000
Total Assets	4 364 000	3 132 000	2 729 000	4 937 000
Total Equity	2 100 000	1 340 000	1 093 000	1 897 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	474 000	995 000	1 592 000
Creditors	1 142 000	448 000	162 000	790 000
Unpaid Taxes	303 000	194 000	100 000	467 000
Dividends	0	0	0	0
Other Current Debt	236 000	182 000	186 000	191 000
Total Current Debt	2 265 000	1 319 000	641 000	1 448 000
Total Equity and Debt	4 364 000	3 132 000	2 729 000	4 937 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,71 %	18,43 %	−73,56 %	28,52 %
Debt-to-Equity Ratio	0	0,35	0,91	0,84
Operating Profit Margin	6,79 %	6,02 %	−9,5 %	6,87 %
Current Ratio	1,64	1,82	2,79	2,37
Quick Ratio	40,03	−23,99	−3,48	20,06
Equity Ratio	0,48	0,43	0,4	0,38
Gross Profit Margin	52,49 %	60,91 %	52,18 %	48,12 %