LARS TORNØE AS

4014 STAVANGER

Finances

Share Ownership

Return on Equity

6,46 %

Current Ratio

2,18

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	4 776 000	4 669 000	3 602 000	3 348 000
Net Income	138 000	1 754 000	1 142 000	820 000
Total Assets	3 429 000	3 197 000	2 707 000	2 324 000
Total Equity	2 137 000	1 998 000	394 000	752 000

Income (NOK)	2022	2021	2020	2019
Revenue	4 776 000	4 669 000	3 602 000	3 348 000
Expenditure	3 039 000	2 417 000	2 137 000	2 300 000
Operating Profit	1 736 000	2 252 000	1 465 000	1 048 000
Financial Income	8 000	6 000	1 000	1 000
Financial Costs	1 317 000	9 000	2 000	0
Financial Balance	−1 309 000	−3 000	−1 000	1 000
Earnings Before Tax	428 000	2 249 000	1 465 000	1 048 000
Tax	289 000	495 000	322 000	229 000
Net Income	138 000	1 754 000	1 142 000	820 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	715 000	474 000	500 000	595 000
Total Current Assets	2 714 000	2 723 000	2 207 000	1 729 000
Total Assets	3 429 000	3 197 000	2 707 000	2 324 000
Total Retained Equity	2 118 000	1 979 000	375 000	732 000
Total Equity	2 137 000	1 998 000	394 000	752 000
Total Long-Term Debt	46 000	21 000	16 000	12 000
Total Current Debt	1 247 000	1 177 000	2 297 000	1 560 000
Total Equity and Debt	3 429 000	3 197 000	2 707 000	2 324 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	4 776 000	4 669 000	3 602 000	3 348 000
Other Income	0	0	0	0
Revenue	4 776 000	4 669 000	3 602 000	3 348 000
Cost of Goods Sold	2 000	42 000	83 000	40 000
Salary Costs	2 666 000	1 985 000	1 677 000	1 923 000
Depreciation	25 000	81 000	94 000	78 000
Impairment	0	0	0	0
Expenditure	3 039 000	2 417 000	2 137 000	2 300 000
Operating Profit	1 736 000	2 252 000	1 465 000	1 048 000
Financial Income	8 000	6 000	1 000	1 000
Financial Costs	1 317 000	9 000	2 000	0
Financial Balance	−1 309 000	−3 000	−1 000	1 000
Dividends	0	150 000	1 500 000	1 000 000
Net Income	138 000	1 754 000	1 142 000	820 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	22 000	25 000	28 000	31 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	612 000	0	0	0
Fixtures	81 000	449 000	472 000	564 000
Total Tangible Assets	693 000	449 000	472 000	564 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	715 000	474 000	500 000	595 000
Stock	0	0	0	0
Total Investments	936 000	904 000	0	0
Cash, Bank	275 000	578 000	990 000	672 000
Total Current Assets	2 714 000	2 723 000	2 207 000	1 729 000
Total Assets	3 429 000	3 197 000	2 707 000	2 324 000
Total Equity	2 137 000	1 998 000	394 000	752 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	46 000	21 000	16 000	12 000
Creditors	25 000	12 000	37 000	6 000
Unpaid Taxes	490 000	300 000	246 000	121 000
Dividends	0	150 000	1 500 000	1 000 000
Other Current Debt	468 000	226 000	196 000	217 000
Total Current Debt	1 247 000	1 177 000	2 297 000	1 560 000
Total Equity and Debt	3 429 000	3 197 000	2 707 000	2 324 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,46 %	87,79 %	289,85 %	109,04 %
Debt-to-Equity Ratio	0,02	0,01	0,04	0,02
Operating Profit Margin	36,35 %	48,23 %	40,67 %	31,3 %
Current Ratio	2,18	2,31	0,96	1,11
Quick Ratio	2,18	2,31	0,96	1,11
Equity Ratio	0,62	0,62	0,15	0,32
Gross Profit Margin	99,96 %	99,1 %	97,7 %	98,81 %