TØRN AS

0259 OSLO

Finances

Share Ownership

Return on Equity

−64,27 %

Current Ratio

3,32

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	28 689 000	18 772 000	4 091 000	579 000
Net Income	−16 930 000	−5 695 000	−4 014 000	−857 000
Total Assets	32 369 000	11 302 000	1 804 000	525 000
Total Equity	26 343 000	3 274 000	−2 118 000	445 000

Income (NOK)	2022	2021	2020	2019
Revenue	28 689 000	18 772 000	4 091 000	579 000
Expenditure	50 589 000	29 074 000	8 102 000	1 438 000
Operating Profit	−21 900 000	−10 302 000	−4 011 000	−859 000
Financial Income	274 000	0	0	3 000
Financial Costs	55 000	18 000	3 000	0
Financial Balance	219 000	−18 000	−3 000	3 000
Earnings Before Tax	−21 681 000	−10 319 000	−4 014 000	−857 000
Tax	−4 751 000	−4 625 000	0	0
Net Income	−16 930 000	−5 695 000	−4 014 000	−857 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	12 364 000	4 709 000	0	0
Total Current Assets	20 005 000	6 593 000	1 804 000	525 000
Total Assets	32 369 000	11 302 000	1 804 000	525 000
Total Retained Equity	−32 269 000	−15 339 000	−9 644 000	−5 630 000
Total Equity	26 343 000	3 274 000	−2 118 000	445 000
Total Long-Term Debt	0	4 162 000	0	0
Total Current Debt	6 026 000	3 866 000	3 923 000	80 000
Total Equity and Debt	32 369 000	11 302 000	1 804 000	525 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	28 689 000	18 772 000	3 943 000	19 000
Other Income	0	0	148 000	560 000
Revenue	28 689 000	18 772 000	4 091 000	579 000
Cost of Goods Sold	24 955 000	15 619 000	2 848 000	0
Salary Costs	11 030 000	5 666 000	728 000	306 000
Depreciation	22 000	0	0	0
Impairment	0	0	0	0
Expenditure	50 589 000	29 074 000	8 102 000	1 438 000
Operating Profit	−21 900 000	−10 302 000	−4 011 000	−859 000
Financial Income	274 000	0	0	3 000
Financial Costs	55 000	18 000	3 000	0
Financial Balance	219 000	−18 000	−3 000	3 000
Dividends	0	0	0	0
Net Income	−16 930 000	−5 695 000	−4 014 000	−857 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	9 375 000	4 625 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	147 000	84 000	0	0
Total Tangible Assets	147 000	84 000	0	0
Total Fiancial Fixed Assets	2 842 000	0	0	0
Total Fixed Assets	12 364 000	4 709 000	0	0
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	12 893 000	4 628 000	1 216 000	482 000
Total Current Assets	20 005 000	6 593 000	1 804 000	525 000
Total Assets	32 369 000	11 302 000	1 804 000	525 000
Total Equity	26 343 000	3 274 000	−2 118 000	445 000
Short-Term Group Debt	107 000	0	0	0
Total Long-Term Debt	0	4 162 000	0	0
Creditors	2 724 000	2 416 000	1 040 000	69 000
Unpaid Taxes	885 000	221 000	89 000	12 000
Dividends	0	0	0	0
Other Current Debt	2 310 000	1 228 000	2 793 000	0
Total Current Debt	6 026 000	3 866 000	3 923 000	80 000
Total Equity and Debt	32 369 000	11 302 000	1 804 000	525 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−64,27 %	−173,95 %	189,52 %	−192,58 %
Debt-to-Equity Ratio	0	1,27	−0	0
Operating Profit Margin	−76,34 %	−54,88 %	−98,04 %	−148,36 %
Current Ratio	3,32	1,71	0,46	6,56
Quick Ratio	3,32	1,71	0,46	6,56
Equity Ratio	0,81	0,29	−1,17	0,85
Gross Profit Margin	13,02 %	16,8 %	30,38 %	100 %