TORVET 11 AS

4836 ARENDAL

Finances

Share Ownership

Return on Equity

153,68 %

Current Ratio

1,47

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 366 000	1 120 000	611 000	570 000
Net Income	1 022 000	817 000	445 000	372 000
Total Assets	2 003 000	1 833 000	1 219 000	1 134 000
Total Equity	665 000	643 000	645 000	640 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 366 000	1 120 000	611 000	570 000
Expenditure	78 000	66 000	41 000	96 000
Operating Profit	1 288 000	1 054 000	570 000	474 000
Financial Income	33 000	1 000	0	3 000
Financial Costs	0	0	0	0
Financial Balance	33 000	1 000	0	3 000
Earnings Before Tax	1 321 000	1 055 000	571 000	477 000
Tax	299 000	237 000	126 000	105 000
Net Income	1 022 000	817 000	445 000	372 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	42 000	76 000	109 000	143 000
Total Current Assets	1 961 000	1 757 000	1 110 000	990 000
Total Assets	2 003 000	1 833 000	1 219 000	1 134 000
Total Retained Equity	25 000	3 000	5 000	0
Total Equity	665 000	643 000	645 000	640 000
Total Long-Term Debt	0	0	2 000	9 000
Total Current Debt	1 338 000	1 190 000	573 000	485 000
Total Equity and Debt	2 003 000	1 833 000	1 219 000	1 134 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 366 000	1 120 000	611 000	570 000
Revenue	1 366 000	1 120 000	611 000	570 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	34 000	34 000	34 000	34 000
Impairment	0	0	0	0
Expenditure	78 000	66 000	41 000	96 000
Operating Profit	1 288 000	1 054 000	570 000	474 000
Financial Income	33 000	1 000	0	3 000
Financial Costs	0	0	0	0
Financial Balance	33 000	1 000	0	3 000
Dividends	1 000 000	820 000	440 000	373 000
Net Income	1 022 000	817 000	445 000	372 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	42 000	76 000	109 000	143 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	42 000	76 000	109 000	143 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	42 000	76 000	109 000	143 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 961 000	1 651 000	681 000	129 000
Total Current Assets	1 961 000	1 757 000	1 110 000	990 000
Total Assets	2 003 000	1 833 000	1 219 000	1 134 000
Total Equity	665 000	643 000	645 000	640 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	2 000	9 000
Creditors	0	0	0	0
Unpaid Taxes	39 000	131 000	0	0
Dividends	1 000 000	820 000	440 000	373 000
Other Current Debt	0	0	0	0
Total Current Debt	1 338 000	1 190 000	573 000	485 000
Total Equity and Debt	2 003 000	1 833 000	1 219 000	1 134 000

Financial indicators	2022	2021	2020	2019
Return on Equity	153,68 %	127,06 %	68,99 %	58,13 %
Debt-to-Equity Ratio	0	0	0	0,01
Operating Profit Margin	94,29 %	94,11 %	93,29 %	83,16 %
Current Ratio	1,47	1,48	1,94	2,04
Quick Ratio	1,47	1,48	1,94	2,04
Equity Ratio	0,33	0,35	0,53	0,56
Gross Profit Margin	100 %	100 %	100 %	100 %