TORVET 7 B AS

4006 STAVANGER

Finances

Share Ownership

Return on Equity

123,8 %

Current Ratio

0,03

Debt-to-Equity Ratio

0,3

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 685 000	1 610 000	1 450 000	1 570 000
Net Income	1 186 000	1 156 000	1 000 000	1 079 000
Total Assets	2 909 000	3 176 000	3 023 000	3 185 000
Total Equity	958 000	1 023 000	1 117 000	1 367 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 685 000	1 610 000	1 450 000	1 570 000
Expenditure	163 000	124 000	166 000	185 000
Operating Profit	1 522 000	1 487 000	1 284 000	1 384 000
Financial Income	0	0	0	0
Financial Costs	2 000	5 000	3 000	0
Financial Balance	−2 000	−5 000	−3 000	0
Earnings Before Tax	1 520 000	1 482 000	1 282 000	1 384 000
Tax	334 000	326 000	282 000	304 000
Net Income	1 186 000	1 156 000	1 000 000	1 079 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 861 000	2 892 000	2 923 000	2 955 000
Total Current Assets	48 000	284 000	100 000	230 000
Total Assets	2 909 000	3 176 000	3 023 000	3 185 000
Total Retained Equity	0	0	0	0
Total Equity	958 000	1 023 000	1 117 000	1 367 000
Total Long-Term Debt	289 000	294 000	300 000	305 000
Total Current Debt	1 661 000	1 858 000	1 606 000	1 513 000
Total Equity and Debt	2 909 000	3 176 000	3 023 000	3 185 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 685 000	1 610 000	1 450 000	1 570 000
Other Income	0	0	0	0
Revenue	1 685 000	1 610 000	1 450 000	1 570 000
Cost of Goods Sold	0	0	5 000	14 000
Salary Costs	0	0	0	0
Depreciation	31 000	31 000	32 000	38 000
Impairment	0	0	0	0
Expenditure	163 000	124 000	166 000	185 000
Operating Profit	1 522 000	1 487 000	1 284 000	1 384 000
Financial Income	0	0	0	0
Financial Costs	2 000	5 000	3 000	0
Financial Balance	−2 000	−5 000	−3 000	0
Dividends	1 250 000	1 250 000	1 250 000	1 200 000
Net Income	1 186 000	1 156 000	1 000 000	1 079 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 861 000	2 892 000	2 923 000	2 955 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	2 861 000	2 892 000	2 923 000	2 955 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 861 000	2 892 000	2 923 000	2 955 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	42 000	144 000	95 000	222 000
Total Current Assets	48 000	284 000	100 000	230 000
Total Assets	2 909 000	3 176 000	3 023 000	3 185 000
Total Equity	958 000	1 023 000	1 117 000	1 367 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	289 000	294 000	300 000	305 000
Creditors	0	0	19 000	2 000
Unpaid Taxes	0	0	0	0
Dividends	1 250 000	1 250 000	1 250 000	1 200 000
Other Current Debt	22 000	171 000	50 000	0
Total Current Debt	1 661 000	1 858 000	1 606 000	1 513 000
Total Equity and Debt	2 909 000	3 176 000	3 023 000	3 185 000

Financial indicators	2022	2021	2020	2019
Return on Equity	123,8 %	113 %	89,53 %	78,93 %
Debt-to-Equity Ratio	0,3	0,29	0,27	0,22
Operating Profit Margin	90,33 %	92,36 %	88,55 %	88,15 %
Current Ratio	0,03	0,15	0,06	0,15
Quick Ratio	0,03	0,15	0,06	0,15
Equity Ratio	0,33	0,32	0,37	0,43
Gross Profit Margin	100 %	100 %	99,66 %	99,11 %