TORVET AS

8514 NARVIK

Finances

Share Ownership

Return on Equity

1,9 %

Current Ratio

6,17

Debt-to-Equity Ratio

0,18

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	45 000	43 000	66 000	22 000
Total Assets	3 320 000	3 279 000	4 038 000	3 907 000
Total Equity	2 367 000	2 035 000	2 570 000	2 144 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	27 000	33 000	30 000	45 000
Operating Profit	−27 000	−33 000	−30 000	−45 000
Financial Income	84 000	88 000	114 000	109 000
Financial Costs	0	0	0	35 000
Financial Balance	84 000	88 000	114 000	74 000
Earnings Before Tax	58 000	55 000	84 000	29 000
Tax	13 000	12 000	19 000	6 000
Net Income	45 000	43 000	66 000	22 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	0	0	0
Total Current Assets	3 320 000	3 279 000	4 038 000	3 907 000
Total Assets	3 320 000	3 279 000	4 038 000	3 907 000
Total Retained Equity	35 000	35 000	0	0
Total Equity	2 367 000	2 035 000	2 570 000	2 144 000
Total Long-Term Debt	415 000	518 000	648 000	810 000
Total Current Debt	538 000	726 000	820 000	953 000
Total Equity and Debt	3 320 000	3 279 000	4 038 000	3 907 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	27 000	33 000	30 000	45 000
Operating Profit	−27 000	−33 000	−30 000	−45 000
Financial Income	84 000	88 000	114 000	109 000
Financial Costs	0	0	0	35 000
Financial Balance	84 000	88 000	114 000	74 000
Dividends	0	0	0	0
Net Income	45 000	43 000	66 000	22 000

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	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	0	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	185 000	459 000	21 000	54 000
Total Current Assets	3 320 000	3 279 000	4 038 000	3 907 000
Total Assets	3 320 000	3 279 000	4 038 000	3 907 000
Total Equity	2 367 000	2 035 000	2 570 000	2 144 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	415 000	518 000	648 000	810 000
Creditors	9 000	6 000	0	4 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	529 000	719 000	820 000	949 000
Total Current Debt	538 000	726 000	820 000	953 000
Total Equity and Debt	3 320 000	3 279 000	4 038 000	3 907 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,9 %	2,11 %	2,57 %	1,03 %
Debt-to-Equity Ratio	0,18	0,25	0,25	0,38
Operating Profit Margin	-	-	-	-
Current Ratio	6,17	4,52	4,92	4,1
Quick Ratio	6,17	4,52	4,92	4,1
Equity Ratio	0,71	0,62	0,64	0,55
Gross Profit Margin	-	-	-	-