TORSVANG AS

3271 LARVIK

Finances

Share Ownership

Return on Equity

16,73 %

Current Ratio

58,25

Debt-to-Equity Ratio

5,65

Key figures (NOK)	2022	2021	2020	2019
Revenue	690 000	480 000	30 000	330 000
Net Income	227 000	229 000	−211 000	58 000
Total Assets	9 135 000	3 553 000	3 411 000	3 689 000
Total Equity	1 357 000	1 130 000	901 000	1 112 000

Income (NOK)	2022	2021	2020	2019
Revenue	690 000	480 000	30 000	330 000
Expenditure	158 000	159 000	159 000	145 000
Operating Profit	533 000	322 000	−129 000	184 000
Financial Income	0	0	0	0
Financial Costs	220 000	75 000	94 000	114 000
Financial Balance	−220 000	−75 000	−94 000	−114 000
Earnings Before Tax	312 000	247 000	−223 000	70 000
Tax	86 000	17 000	−12 000	13 000
Net Income	227 000	229 000	−211 000	58 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 844 000	2 955 000	3 066 000	3 177 000
Total Current Assets	6 291 000	598 000	345 000	512 000
Total Assets	9 135 000	3 553 000	3 411 000	3 689 000
Total Retained Equity	307 000	80 000	−149 000	62 000
Total Equity	1 357 000	1 130 000	901 000	1 112 000
Total Long-Term Debt	7 670 000	2 379 000	2 472 000	2 558 000
Total Current Debt	108 000	44 000	39 000	19 000
Total Equity and Debt	9 135 000	3 553 000	3 411 000	3 689 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	690 000	480 000	30 000	330 000
Revenue	690 000	480 000	30 000	330 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	111 000	111 000	111 000	115 000
Impairment	0	0	0	0
Expenditure	158 000	159 000	159 000	145 000
Operating Profit	533 000	322 000	−129 000	184 000
Financial Income	0	0	0	0
Financial Costs	220 000	75 000	94 000	114 000
Financial Balance	−220 000	−75 000	−94 000	−114 000
Dividends	0	0	0	0
Net Income	227 000	229 000	−211 000	58 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	2 844 000	2 955 000	3 066 000	3 177 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	2 844 000	2 955 000	3 066 000	3 177 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 844 000	2 955 000	3 066 000	3 177 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	123 000	141 000	328 000	307 000
Total Current Assets	6 291 000	598 000	345 000	512 000
Total Assets	9 135 000	3 553 000	3 411 000	3 689 000
Total Equity	1 357 000	1 130 000	901 000	1 112 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	7 670 000	2 379 000	2 472 000	2 558 000
Creditors	−1 000	0	0	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	30 000	20 000	39 000	18 000
Total Current Debt	108 000	44 000	39 000	19 000
Total Equity and Debt	9 135 000	3 553 000	3 411 000	3 689 000

Financial indicators	2022	2021	2020	2019
Return on Equity	16,73 %	20,27 %	−23,42 %	5,22 %
Debt-to-Equity Ratio	5,65	2,11	2,74	2,3
Operating Profit Margin	77,25 %	67,08 %	−430 %	55,76 %
Current Ratio	58,25	13,59	8,85	26,95
Quick Ratio	58,25	13,59	8,85	26,95
Equity Ratio	0,15	0,32	0,26	0,3
Gross Profit Margin	100 %	100 %	100 %	100 %