TURNFABRIKKEN AS

9300 FINNSNES

Finances

Share Ownership

Return on Equity

61,71 %

Current Ratio

7,1

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	971 000	634 000	711 000	831 000
Net Income	216 000	−159 000	32 000	180 000
Total Assets	374 000	134 000	462 000	279 000
Total Equity	350 000	134 000	293 000	261 000

Income (NOK)	2022	2021	2020	2019
Revenue	971 000	634 000	711 000	831 000
Expenditure	731 000	798 000	669 000	630 000
Operating Profit	240 000	−164 000	43 000	201 000
Financial Income	0	0	0	0
Financial Costs	0	0	2 000	4 000
Financial Balance	0	0	−2 000	−4 000
Earnings Before Tax	240 000	−164 000	41 000	197 000
Tax	24 000	−5 000	9 000	17 000
Net Income	216 000	−159 000	32 000	180 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	303 000	71 000	79 000	0
Total Current Assets	71 000	63 000	383 000	279 000
Total Assets	374 000	134 000	462 000	279 000
Total Retained Equity	150 000	−66 000	93 000	61 000
Total Equity	350 000	134 000	293 000	261 000
Total Long-Term Debt	13 000	0	5 000	0
Total Current Debt	10 000	0	164 000	17 000
Total Equity and Debt	374 000	134 000	462 000	279 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	213 000	500 000
Other Income	971 000	634 000	499 000	331 000
Revenue	971 000	634 000	711 000	831 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	28 000	8 000	1 000	0
Impairment	0	0	0	0
Expenditure	731 000	798 000	669 000	630 000
Operating Profit	240 000	−164 000	43 000	201 000
Financial Income	0	0	0	0
Financial Costs	0	0	2 000	4 000
Financial Balance	0	0	−2 000	−4 000
Dividends	0	0	0	0
Net Income	216 000	−159 000	32 000	180 000

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	303 000	71 000	79 000	0
Total Tangible Assets	303 000	71 000	79 000	0
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	303 000	71 000	79 000	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	37 000	60 000	201 000	62 000
Total Current Assets	71 000	63 000	383 000	279 000
Total Assets	374 000	134 000	462 000	279 000
Total Equity	350 000	134 000	293 000	261 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	13 000	0	5 000	0
Creditors	0	0	160 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	10 000	0	164 000	17 000
Total Equity and Debt	374 000	134 000	462 000	279 000

Financial indicators	2022	2021	2020	2019
Return on Equity	61,71 %	−118,66 %	10,92 %	68,97 %
Debt-to-Equity Ratio	0,04	0	0,02	0
Operating Profit Margin	24,72 %	−25,87 %	6,05 %	24,19 %
Current Ratio	7,1	-	2,34	16,41
Quick Ratio	7,1	-	2,34	16,41
Equity Ratio	0,94	1	0,63	0,94
Gross Profit Margin	100 %	100 %	100 %	100 %