TØRNHOLMEN AS

0778 OSLO

Finances

Share Ownership

Return on Equity

−46,54 %

Current Ratio

24,13

Debt-to-Equity Ratio

1,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	914 000	1 616 000	1 164 000	1 527 000
Net Income	−909 000	−846 000	−982 000	−761 000
Total Assets	5 075 000	5 380 000	7 742 000	4 485 000
Total Equity	1 953 000	2 082 000	2 101 000	102 000

Income (NOK)	2022	2021	2020	2019
Revenue	914 000	1 616 000	1 164 000	1 527 000
Expenditure	2 058 000	2 700 000	2 424 000	2 289 000
Operating Profit	−1 144 000	−1 084 000	−1 259 000	−762 000
Financial Income	2 000	0	0	1 000
Financial Costs	1 000	0	0	0
Financial Balance	1 000	0	0	1 000
Earnings Before Tax	−1 144 000	−1 084 000	−1 259 000	−761 000
Tax	−235 000	−239 000	−277 000	0
Net Income	−909 000	−846 000	−982 000	−761 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 638 000	3 036 000	2 879 000	3 295 000
Total Current Assets	2 437 000	2 344 000	4 863 000	1 190 000
Total Assets	5 075 000	5 380 000	7 742 000	4 485 000
Total Retained Equity	−4 241 000	−3 332 000	−2 486 000	−1 928 000
Total Equity	1 953 000	2 082 000	2 101 000	102 000
Total Long-Term Debt	3 022 000	3 037 000	5 320 000	4 300 000
Total Current Debt	101 000	261 000	322 000	83 000
Total Equity and Debt	5 075 000	5 380 000	7 742 000	4 485 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	889 000	774 000	187 000	885 000
Other Income	25 000	842 000	977 000	642 000
Revenue	914 000	1 616 000	1 164 000	1 527 000
Cost of Goods Sold	27 000	54 000	396 000	573 000
Salary Costs	780 000	661 000	354 000	343 000
Depreciation	638 000	567 000	578 000	512 000
Impairment	0	0	0	0
Expenditure	2 058 000	2 700 000	2 424 000	2 289 000
Operating Profit	−1 144 000	−1 084 000	−1 259 000	−762 000
Financial Income	2 000	0	0	1 000
Financial Costs	1 000	0	0	0
Financial Balance	1 000	0	0	1 000
Dividends	0	0	0	0
Net Income	−909 000	−846 000	−982 000	−761 000

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	1 219 000	1 343 000	911 000	1 052 000
Total Tangible Assets	2 638 000	3 036 000	2 879 000	3 295 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 638 000	3 036 000	2 879 000	3 295 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	143 000	659 000	1 571 000	1 100 000
Total Current Assets	2 437 000	2 344 000	4 863 000	1 190 000
Total Assets	5 075 000	5 380 000	7 742 000	4 485 000
Total Equity	1 953 000	2 082 000	2 101 000	102 000
Short-Term Group Debt	−3 000	0	0	0
Total Long-Term Debt	3 022 000	3 037 000	5 320 000	4 300 000
Creditors	−65 000	−65 000	13 000	25 000
Unpaid Taxes	102 000	266 000	262 000	24 000
Dividends	0	0	0	0
Other Current Debt	66 000	60 000	46 000	34 000
Total Current Debt	101 000	261 000	322 000	83 000
Total Equity and Debt	5 075 000	5 380 000	7 742 000	4 485 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−46,54 %	−40,63 %	−46,74 %	−746,08 %
Debt-to-Equity Ratio	1,55	1,46	2,53	42,16
Operating Profit Margin	−125,16 %	−67,08 %	−108,16 %	−49,9 %
Current Ratio	24,13	8,98	15,1	14,34
Quick Ratio	24,13	8,98	15,1	14,34
Equity Ratio	0,38	0,39	0,27	0,02
Gross Profit Margin	97,05 %	96,66 %	65,98 %	62,48 %