TURNHALLEN 2 AS

5417 STORD

Finances

Share Ownership

Return on Equity

−4,54 %

Current Ratio

8,55

Debt-to-Equity Ratio

0,93

Key figures (NOK)	2022	2021	2020	2019
Revenue	210 000	99 000	57 000	21 000
Net Income	−129 000	−251 000	−256 000	−137 000
Total Assets	5 599 000	5 652 000	5 645 000	8 184 000
Total Equity	2 841 000	2 970 000	3 221 000	3 477 000

Income (NOK)	2022	2021	2020	2019
Revenue	210 000	99 000	57 000	21 000
Expenditure	220 000	278 000	151 000	95 000
Operating Profit	−9 000	−179 000	−93 000	−74 000
Financial Income	4 000	3 000	2 000	115 000
Financial Costs	123 000	75 000	53 000	177 000
Financial Balance	−119 000	−72 000	−51 000	−62 000
Earnings Before Tax	−129 000	−251 000	−145 000	−137 000
Tax	0	0	111 000	0
Net Income	−129 000	−251 000	−256 000	−137 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 650 000	4 740 000	4 634 000	3 101 000
Total Current Assets	949 000	912 000	1 010 000	5 083 000
Total Assets	5 599 000	5 652 000	5 645 000	8 184 000
Total Retained Equity	−939 000	−811 000	−559 000	−303 000
Total Equity	2 841 000	2 970 000	3 221 000	3 477 000
Total Long-Term Debt	2 647 000	2 651 000	2 118 000	3 462 000
Total Current Debt	111 000	31 000	305 000	1 245 000
Total Equity and Debt	5 599 000	5 652 000	5 645 000	8 184 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	210 000	0	0	0
Other Income	0	99 000	57 000	21 000
Revenue	210 000	99 000	57 000	21 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	90 000	90 000	8 000	0
Impairment	0	0	0	0
Expenditure	220 000	278 000	151 000	95 000
Operating Profit	−9 000	−179 000	−93 000	−74 000
Financial Income	4 000	3 000	2 000	115 000
Financial Costs	123 000	75 000	53 000	177 000
Financial Balance	−119 000	−72 000	−51 000	−62 000
Dividends	0	0	0	0
Net Income	−129 000	−251 000	−256 000	−137 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	111 000
Real Eastate	4 650 000	4 740 000	4 634 000	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	4 650 000	4 740 000	4 634 000	0
Total Fiancial Fixed Assets	0	0	0	2 990 000
Total Fixed Assets	4 650 000	4 740 000	4 634 000	3 101 000
Stock	871 000	871 000	871 000	5 073 000
Total Investments	0	0	0	0
Cash, Bank	0	0	0	0
Total Current Assets	949 000	912 000	1 010 000	5 083 000
Total Assets	5 599 000	5 652 000	5 645 000	8 184 000
Total Equity	2 841 000	2 970 000	3 221 000	3 477 000
Short-Term Group Debt	19 000	0	0	0
Total Long-Term Debt	2 647 000	2 651 000	2 118 000	3 462 000
Creditors	7 000	6 000	300 000	4 000
Unpaid Taxes	15 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	70 000	25 000	5 000	15 000
Total Current Debt	111 000	31 000	305 000	1 245 000
Total Equity and Debt	5 599 000	5 652 000	5 645 000	8 184 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−4,54 %	−8,45 %	−7,95 %	−3,94 %
Debt-to-Equity Ratio	0,93	0,89	0,66	1
Operating Profit Margin	−4,29 %	−180,81 %	−163,16 %	−352,38 %
Current Ratio	8,55	29,42	3,31	4,08
Quick Ratio	−1,25	−1,09	−1,78	−1,33
Equity Ratio	0,51	0,53	0,57	0,42
Gross Profit Margin	100 %	100 %	100 %	100 %