TORSVANG MASKIN AS

3735 SKIEN

Finances

Share Ownership

Return on Equity

−9,08 %

Current Ratio

2,05

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	7 381 000	7 844 000	6 272 000	5 660 000
Net Income	−100 000	108 000	−148 000	−561 000
Total Assets	1 914 000	2 193 000	1 622 000	2 066 000
Total Equity	1 101 000	1 200 000	1 103 000	1 251 000

Income (NOK)	2022	2021	2020	2019
Revenue	7 381 000	7 844 000	6 272 000	5 660 000
Expenditure	7 483 000	7 709 000	6 441 000	6 199 000
Operating Profit	−102 000	135 000	−169 000	−539 000
Financial Income	4 000	6 000	2 000	3 000
Financial Costs	2 000	3 000	17 000	25 000
Financial Balance	2 000	3 000	−15 000	−22 000
Earnings Before Tax	−100 000	139 000	−184 000	−561 000
Tax	0	31 000	−36 000	0
Net Income	−100 000	108 000	−148 000	−561 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	242 000	64 000	0	0
Total Current Assets	1 672 000	2 129 000	1 622 000	2 066 000
Total Assets	1 914 000	2 193 000	1 622 000	2 066 000
Total Retained Equity	−99 000	0	−657 000	−509 000
Total Equity	1 101 000	1 200 000	1 103 000	1 251 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	814 000	993 000	519 000	815 000
Total Equity and Debt	1 914 000	2 193 000	1 622 000	2 066 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	7 381 000	7 844 000	6 272 000	5 660 000
Other Income	0	0	0	0
Revenue	7 381 000	7 844 000	6 272 000	5 660 000
Cost of Goods Sold	5 410 000	6 045 000	4 990 000	4 870 000
Salary Costs	874 000	765 000	730 000	748 000
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	7 483 000	7 709 000	6 441 000	6 199 000
Operating Profit	−102 000	135 000	−169 000	−539 000
Financial Income	4 000	6 000	2 000	3 000
Financial Costs	2 000	3 000	17 000	25 000
Financial Balance	2 000	3 000	−15 000	−22 000
Dividends	0	0	0	0
Net Income	−100 000	108 000	−148 000	−561 000

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	242 000	64 000	0	0
Total Fixed Assets	242 000	64 000	0	0
Stock	1 261 000	772 000	597 000	1 111 000
Total Investments	0	0	0	0
Cash, Bank	197 000	699 000	130 000	180 000
Total Current Assets	1 672 000	2 129 000	1 622 000	2 066 000
Total Assets	1 914 000	2 193 000	1 622 000	2 066 000
Total Equity	1 101 000	1 200 000	1 103 000	1 251 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	615 000	769 000	230 000	529 000
Unpaid Taxes	76 000	88 000	72 000	52 000
Dividends	0	0	0	0
Other Current Debt	123 000	136 000	217 000	235 000
Total Current Debt	814 000	993 000	519 000	815 000
Total Equity and Debt	1 914 000	2 193 000	1 622 000	2 066 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−9,08 %	9 %	−13,42 %	−44,84 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−1,38 %	1,72 %	−2,69 %	−9,52 %
Current Ratio	2,05	2,14	3,13	2,53
Quick Ratio	−3,74	9,63	−20,79	−6,98
Equity Ratio	0,58	0,55	0,68	0,61
Gross Profit Margin	26,7 %	22,93 %	20,44 %	13,96 %