TUNINGSERVICE AS

6037 EIDSNES

Finances

Share Ownership

Return on Equity

70,53 %

Current Ratio

2,94

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 818 000	15 247 000	16 391 000	11 575 000
Net Income	8 371 000	4 391 000	5 573 000	3 077 000
Total Assets	15 395 000	9 450 000	8 881 000	6 088 000
Total Equity	11 868 000	7 247 000	5 607 000	2 534 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 818 000	15 247 000	16 391 000	11 575 000
Expenditure	10 213 000	9 608 000	9 234 000	7 627 000
Operating Profit	10 605 000	5 639 000	7 157 000	3 948 000
Financial Income	110 000	1 000	2 000	3 000
Financial Costs	7 000	11 000	13 000	1 000
Financial Balance	103 000	−10 000	−11 000	2 000
Earnings Before Tax	10 708 000	5 629 000	7 146 000	3 950 000
Tax	2 337 000	1 238 000	1 573 000	873 000
Net Income	8 371 000	4 391 000	5 573 000	3 077 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 658 000	5 024 000	4 557 000	1 603 000
Total Current Assets	9 737 000	4 426 000	4 324 000	4 485 000
Total Assets	15 395 000	9 450 000	8 881 000	6 088 000
Total Retained Equity	11 838 000	7 217 000	5 577 000	2 504 000
Total Equity	11 868 000	7 247 000	5 607 000	2 534 000
Total Long-Term Debt	216 000	176 000	189 000	62 000
Total Current Debt	3 312 000	2 027 000	3 085 000	3 492 000
Total Equity and Debt	15 395 000	9 450 000	8 881 000	6 088 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 760 000	15 170 000	16 170 000	11 350 000
Other Income	58 000	77 000	221 000	225 000
Revenue	20 818 000	15 247 000	16 391 000	11 575 000
Cost of Goods Sold	5 922 000	4 131 000	4 357 000	3 742 000
Salary Costs	1 756 000	2 000 000	1 598 000	1 960 000
Depreciation	1 102 000	1 049 000	628 000	392 000
Impairment	0	0	0	0
Expenditure	10 213 000	9 608 000	9 234 000	7 627 000
Operating Profit	10 605 000	5 639 000	7 157 000	3 948 000
Financial Income	110 000	1 000	2 000	3 000
Financial Costs	7 000	11 000	13 000	1 000
Financial Balance	103 000	−10 000	−11 000	2 000
Dividends	3 750 000	2 750 000	2 500 000	0
Net Income	8 371 000	4 391 000	5 573 000	3 077 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	757 000	844 000	0	0
Total Intangible Assets	757 000	844 000	0	25 000
Real Eastate	108 000	194 000	196 000	144 000
Machinery and Plant Facilities	23 000	621 000	0	0
Fixtures	4 770 000	3 313 000	4 361 000	1 434 000
Total Tangible Assets	4 901 000	4 128 000	4 557 000	1 578 000
Total Fiancial Fixed Assets	0	52 000	0	0
Total Fixed Assets	5 658 000	5 024 000	4 557 000	1 603 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 274 000	4 058 000	3 798 000	3 847 000
Total Current Assets	9 737 000	4 426 000	4 324 000	4 485 000
Total Assets	15 395 000	9 450 000	8 881 000	6 088 000
Total Equity	11 868 000	7 247 000	5 607 000	2 534 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	216 000	176 000	189 000	62 000
Creditors	55 000	141 000	207 000	101 000
Unpaid Taxes	1 012 000	460 000	275 000	515 000
Dividends	3 750 000	2 750 000	2 500 000	0
Other Current Debt	173 000	175 000	157 000	188 000
Total Current Debt	3 312 000	2 027 000	3 085 000	3 492 000
Total Equity and Debt	15 395 000	9 450 000	8 881 000	6 088 000

Financial indicators	2022	2021	2020	2019
Return on Equity	70,53 %	60,59 %	99,39 %	121,43 %
Debt-to-Equity Ratio	0,02	0,02	0,03	0,02
Operating Profit Margin	50,94 %	36,98 %	43,66 %	34,11 %
Current Ratio	2,94	2,18	1,4	1,28
Quick Ratio	2,94	2,18	1,4	1,28
Equity Ratio	0,77	0,77	0,63	0,42
Gross Profit Margin	71,55 %	72,91 %	73,42 %	67,67 %