NORSK TURBOSERVICE AS

3946 PORSGRUNN

Finances

Share Ownership

Return on Equity

−1,68 %

Current Ratio

3,63

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 388 000	10 619 000	14 431 000	15 278 000
Net Income	−125 000	875 000	971 000	144 000
Total Assets	10 208 000	10 922 000	10 890 000	8 839 000
Total Equity	7 431 000	7 557 000	7 330 000	6 359 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 388 000	10 619 000	14 431 000	15 278 000
Expenditure	9 486 000	9 499 000	12 972 000	15 202 000
Operating Profit	−98 000	1 121 000	1 460 000	76 000
Financial Income	61 000	66 000	90 000	183 000
Financial Costs	114 000	107 000	325 000	58 000
Financial Balance	−53 000	−41 000	−235 000	125 000
Earnings Before Tax	−151 000	1 080 000	1 225 000	201 000
Tax	−26 000	205 000	253 000	56 000
Net Income	−125 000	875 000	971 000	144 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	130 000	153 000	68 000	113 000
Total Current Assets	10 078 000	10 769 000	10 822 000	8 726 000
Total Assets	10 208 000	10 922 000	10 890 000	8 839 000
Total Retained Equity	7 331 000	7 457 000	7 230 000	6 259 000
Total Equity	7 431 000	7 557 000	7 330 000	6 359 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	2 776 000	3 366 000	3 560 000	2 481 000
Total Equity and Debt	10 208 000	10 922 000	10 890 000	8 839 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 388 000	10 619 000	14 426 000	14 999 000
Other Income	0	0	5 000	279 000
Revenue	9 388 000	10 619 000	14 431 000	15 278 000
Cost of Goods Sold	5 575 000	6 775 000	8 956 000	11 418 000
Salary Costs	1 359 000	1 533 000	2 429 000	2 175 000
Depreciation	50 000	12 000	0	10 000
Impairment	0	0	0	0
Expenditure	9 486 000	9 499 000	12 972 000	15 202 000
Operating Profit	−98 000	1 121 000	1 460 000	76 000
Financial Income	61 000	66 000	90 000	183 000
Financial Costs	114 000	107 000	325 000	58 000
Financial Balance	−53 000	−41 000	−235 000	125 000
Dividends	0	648 000	0	0
Net Income	−125 000	875 000	971 000	144 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	53 000	27 000	0	0
Real Eastate	15 000	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 000	66 000	0	0
Total Tangible Assets	16 000	66 000	0	0
Total Fiancial Fixed Assets	60 000	60 000	68 000	113 000
Total Fixed Assets	130 000	153 000	68 000	113 000
Stock	3 194 000	2 799 000	2 703 000	2 419 000
Total Investments	0	0	0	0
Cash, Bank	5 258 000	6 673 000	7 424 000	5 521 000
Total Current Assets	10 078 000	10 769 000	10 822 000	8 726 000
Total Assets	10 208 000	10 922 000	10 890 000	8 839 000
Total Equity	7 431 000	7 557 000	7 330 000	6 359 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	1 526 000	2 092 000	1 464 000	1 593 000
Unpaid Taxes	323 000	315 000	350 000	485 000
Dividends	0	648 000	0	0
Other Current Debt	927 000	726 000	1 493 000	346 000
Total Current Debt	2 776 000	3 366 000	3 560 000	2 481 000
Total Equity and Debt	10 208 000	10 922 000	10 890 000	8 839 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,68 %	11,58 %	13,25 %	2,26 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1,04 %	10,56 %	10,12 %	0,5 %
Current Ratio	3,63	3,2	3,04	3,52
Quick Ratio	−24,11	18,99	12,63	140,74
Equity Ratio	0,73	0,69	0,67	0,72
Gross Profit Margin	40,62 %	36,2 %	37,94 %	25,27 %