JOSTEIN TØRSTAD AS

9900 KIRKENES

Finances

Return on Equity

22,95 %

Current Ratio

2,26

Debt-to-Equity Ratio

0,05

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 605 000	2 886 000	2 380 000	2 169 000
Net Income	216 000	586 000	381 000	121 000
Total Assets	1 462 000	1 528 000	991 000	771 000
Total Equity	941 000	975 000	510 000	249 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 605 000	2 886 000	2 380 000	2 169 000
Expenditure	2 327 000	2 134 000	1 891 000	2 010 000
Operating Profit	278 000	752 000	490 000	159 000
Financial Income	0	0	1 000	0
Financial Costs	1 000	1 000	2 000	4 000
Financial Balance	−1 000	−1 000	−1 000	−4 000
Earnings Before Tax	277 000	751 000	488 000	155 000
Tax	61 000	165 000	107 000	34 000
Net Income	216 000	586 000	381 000	121 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	394 000	519 000	644 000	248 000
Total Current Assets	1 068 000	1 009 000	348 000	523 000
Total Assets	1 462 000	1 528 000	991 000	771 000
Total Retained Equity	841 000	875 000	410 000	149 000
Total Equity	941 000	975 000	510 000	249 000
Total Long-Term Debt	49 000	106 000	135 000	197 000
Total Current Debt	473 000	447 000	346 000	326 000
Total Equity and Debt	1 462 000	1 528 000	991 000	771 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	503 000	669 000	575 000	649 000
Other Income	2 101 000	2 217 000	1 805 000	1 519 000
Revenue	2 605 000	2 886 000	2 380 000	2 169 000
Cost of Goods Sold	45 000	61 000	60 000	56 000
Salary Costs	994 000	1 007 000	984 000	993 000
Depreciation	125 000	125 000	48 000	94 000
Impairment	0	0	0	0
Expenditure	2 327 000	2 134 000	1 891 000	2 010 000
Operating Profit	278 000	752 000	490 000	159 000
Financial Income	0	0	1 000	0
Financial Costs	1 000	1 000	2 000	4 000
Financial Balance	−1 000	−1 000	−1 000	−4 000
Dividends	250 000	120 000	120 000	120 000
Net Income	216 000	586 000	381 000	121 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	15 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	364 000	489 000	614 000	204 000
Total Tangible Assets	364 000	489 000	614 000	204 000
Total Fiancial Fixed Assets	30 000	30 000	30 000	30 000
Total Fixed Assets	394 000	519 000	644 000	248 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	895 000	773 000	123 000	218 000
Total Current Assets	1 068 000	1 009 000	348 000	523 000
Total Assets	1 462 000	1 528 000	991 000	771 000
Total Equity	941 000	975 000	510 000	249 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	49 000	106 000	135 000	197 000
Creditors	4 000	6 000	3 000	20 000
Unpaid Taxes	46 000	49 000	64 000	48 000
Dividends	250 000	120 000	120 000	120 000
Other Current Debt	100 000	99 000	103 000	98 000
Total Current Debt	473 000	447 000	346 000	326 000
Total Equity and Debt	1 462 000	1 528 000	991 000	771 000

Financial indicators	2022	2021	2020	2019
Return on Equity	22,95 %	60,1 %	74,71 %	48,59 %
Debt-to-Equity Ratio	0,05	0,11	0,26	0,79
Operating Profit Margin	10,67 %	26,06 %	20,59 %	7,33 %
Current Ratio	2,26	2,26	1,01	1,6
Quick Ratio	2,26	2,26	1,01	1,6
Equity Ratio	0,64	0,64	0,51	0,32
Gross Profit Margin	98,27 %	97,89 %	97,48 %	97,42 %