TORSNES BYGG AS

1634 GAMLE FREDRIKSTAD

Finances

Share Ownership

Return on Equity

35,8 %

Current Ratio

2,42

Debt-to-Equity Ratio

0,17

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 518 000	8 561 000	16 738 000	6 445 000
Net Income	605 000	688 000	618 000	−34 000
Total Assets	3 215 000	3 028 000	2 761 000	6 826 000
Total Equity	1 690 000	2 085 000	1 397 000	779 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 518 000	8 561 000	16 738 000	6 445 000
Expenditure	8 740 000	7 679 000	15 868 000	6 337 000
Operating Profit	778 000	883 000	870 000	107 000
Financial Income	0	0	2 000	1 000
Financial Costs	0	0	79 000	151 000
Financial Balance	0	0	−77 000	−150 000
Earnings Before Tax	778 000	882 000	792 000	−44 000
Tax	173 000	194 000	174 000	−10 000
Net Income	605 000	688 000	618 000	−34 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	223 000	232 000	229 000	115 000
Total Current Assets	2 992 000	2 796 000	2 532 000	6 711 000
Total Assets	3 215 000	3 028 000	2 761 000	6 826 000
Total Retained Equity	1 640 000	2 035 000	1 347 000	729 000
Total Equity	1 690 000	2 085 000	1 397 000	779 000
Total Long-Term Debt	288 000	114 000	0	0
Total Current Debt	1 237 000	829 000	1 364 000	6 047 000
Total Equity and Debt	3 215 000	3 028 000	2 761 000	6 826 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 518 000	8 561 000	16 720 000	6 445 000
Other Income	0	0	18 000	0
Revenue	9 518 000	8 561 000	16 738 000	6 445 000
Cost of Goods Sold	5 445 000	4 642 000	12 219 000	3 922 000
Salary Costs	2 208 000	2 150 000	2 557 000	1 631 000
Depreciation	70 000	47 000	41 000	46 000
Impairment	0	0	0	0
Expenditure	8 740 000	7 679 000	15 868 000	6 337 000
Operating Profit	778 000	883 000	870 000	107 000
Financial Income	0	0	2 000	1 000
Financial Costs	0	0	79 000	151 000
Financial Balance	0	0	−77 000	−150 000
Dividends	0	0	0	0
Net Income	605 000	688 000	618 000	−34 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	6 000	9 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	33 000	0	0	0
Fixtures	190 000	232 000	223 000	106 000
Total Tangible Assets	223 000	232 000	223 000	106 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	223 000	232 000	229 000	115 000
Stock	0	114 000	0	4 899 000
Total Investments	0	0	0	0
Cash, Bank	2 413 000	304 000	1 530 000	1 434 000
Total Current Assets	2 992 000	2 796 000	2 532 000	6 711 000
Total Assets	3 215 000	3 028 000	2 761 000	6 826 000
Total Equity	1 690 000	2 085 000	1 397 000	779 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	288 000	114 000	0	0
Creditors	422 000	301 000	468 000	744 000
Unpaid Taxes	133 000	214 000	243 000	489 000
Dividends	0	0	0	0
Other Current Debt	682 000	239 000	481 000	4 814 000
Total Current Debt	1 237 000	829 000	1 364 000	6 047 000
Total Equity and Debt	3 215 000	3 028 000	2 761 000	6 826 000

Financial indicators	2022	2021	2020	2019
Return on Equity	35,8 %	33 %	44,24 %	−4,36 %
Debt-to-Equity Ratio	0,17	0,05	0	0
Operating Profit Margin	8,17 %	10,31 %	5,2 %	1,66 %
Current Ratio	2,42	3,37	1,86	1,11
Quick Ratio	2,42	3,91	1,86	5,85
Equity Ratio	0,53	0,69	0,51	0,11
Gross Profit Margin	42,79 %	45,78 %	27 %	39,15 %