TORVIK AUTO AS

1053 OSLO

Finances

Share Ownership

Return on Equity

81,67 %

Current Ratio

2,91

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 776 000	1 967 000	4 627 000	6 531 000
Net Income	637 000	589 000	−477 000	−18 000
Total Assets	1 212 000	565 000	573 000	1 937 000
Total Equity	780 000	144 000	−446 000	31 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 776 000	1 967 000	4 627 000	6 531 000
Expenditure	925 000	1 268 000	5 052 000	6 456 000
Operating Profit	851 000	699 000	−425 000	74 000
Financial Income	0	0	0	2 000
Financial Costs	0	10 000	59 000	98 000
Financial Balance	0	−10 000	−59 000	−96 000
Earnings Before Tax	851 000	689 000	−484 000	−22 000
Tax	214 000	99 000	−7 000	−4 000
Net Income	637 000	589 000	−477 000	−18 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	168 000	211 000	724 000
Total Current Assets	1 212 000	397 000	362 000	1 213 000
Total Assets	1 212 000	565 000	573 000	1 937 000
Total Retained Equity	758 000	121 000	−469 000	8 000
Total Equity	780 000	144 000	−446 000	31 000
Total Long-Term Debt	16 000	126 000	566 000	990 000
Total Current Debt	416 000	296 000	453 000	917 000
Total Equity and Debt	1 212 000	565 000	573 000	1 937 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	729 000	852 000	4 627 000	6 521 000
Other Income	1 047 000	1 115 000	0	10 000
Revenue	1 776 000	1 967 000	4 627 000	6 531 000
Cost of Goods Sold	657 000	348 000	2 044 000	2 979 000
Salary Costs	1 000	313 000	1 667 000	1 979 000
Depreciation	0	42 000	53 000	157 000
Impairment	0	0	0	0
Expenditure	925 000	1 268 000	5 052 000	6 456 000
Operating Profit	851 000	699 000	−425 000	74 000
Financial Income	0	0	0	2 000
Financial Costs	0	10 000	59 000	98 000
Financial Balance	0	−10 000	−59 000	−96 000
Dividends	0	0	0	58 000
Net Income	637 000	589 000	−477 000	−18 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	192 000
Total Intangible Assets	0	0	0	192 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	168 000	210 000	437 000
Total Tangible Assets	0	168 000	210 000	437 000
Total Fiancial Fixed Assets	0	0	0	95 000
Total Fixed Assets	0	168 000	211 000	724 000
Stock	941 000	308 000	0	25 000
Total Investments	0	0	0	0
Cash, Bank	264 000	87 000	212 000	611 000
Total Current Assets	1 212 000	397 000	362 000	1 213 000
Total Assets	1 212 000	565 000	573 000	1 937 000
Total Equity	780 000	144 000	−446 000	31 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	16 000	126 000	566 000	990 000
Creditors	0	0	203 000	393 000
Unpaid Taxes	−1 000	9 000	97 000	287 000
Dividends	0	0	0	58 000
Other Current Debt	182 000	224 000	154 000	178 000
Total Current Debt	416 000	296 000	453 000	917 000
Total Equity and Debt	1 212 000	565 000	573 000	1 937 000

Financial indicators	2022	2021	2020	2019
Return on Equity	81,67 %	409,03 %	106,95 %	−58,06 %
Debt-to-Equity Ratio	0,02	0,88	−1,27	31,94
Operating Profit Margin	47,92 %	35,54 %	−9,19 %	1,13 %
Current Ratio	2,91	1,34	0,8	1,32
Quick Ratio	−2,31	−33,08	0,8	1,36
Equity Ratio	0,64	0,25	−0,78	0,02
Gross Profit Margin	63,01 %	82,31 %	55,82 %	54,39 %