TIMBERBAY AS

5412 STORD

Finances

Share Ownership

Return on Equity

25,97 %

Current Ratio

1,49

Debt-to-Equity Ratio

−7,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	220 000	5 000	0	41 000
Net Income	−854 000	−805 000	−868 000	−782 000
Total Assets	20 111 000	19 648 000	19 568 000	19 556 000
Total Equity	−3 288 000	−2 433 000	−1 628 000	−760 000

Income (NOK)	2022	2021	2020	2019
Revenue	220 000	5 000	0	41 000
Expenditure	133 000	90 000	105 000	85 000
Operating Profit	87 000	−85 000	−105 000	−45 000
Financial Income	0	0	0	1 000
Financial Costs	941 000	720 000	763 000	738 000
Financial Balance	−941 000	−720 000	−763 000	−737 000
Earnings Before Tax	−854 000	−805 000	−868 000	−782 000
Tax	0	0	0	0
Net Income	−854 000	−805 000	−868 000	−782 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 741 000	19 529 000	19 495 000	19 495 000
Total Current Assets	370 000	119 000	74 000	62 000
Total Assets	20 111 000	19 648 000	19 568 000	19 556 000
Total Retained Equity	−3 312 000	−2 458 000	−1 652 000	−784 000
Total Equity	−3 288 000	−2 433 000	−1 628 000	−760 000
Total Long-Term Debt	23 151 000	21 887 000	21 044 000	20 136 000
Total Current Debt	248 000	194 000	152 000	180 000
Total Equity and Debt	20 111 000	19 648 000	19 568 000	19 556 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	220 000	5 000	0	41 000
Other Income	0	0	0	0
Revenue	220 000	5 000	0	41 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	133 000	90 000	105 000	85 000
Operating Profit	87 000	−85 000	−105 000	−45 000
Financial Income	0	0	0	1 000
Financial Costs	941 000	720 000	763 000	738 000
Financial Balance	−941 000	−720 000	−763 000	−737 000
Dividends	0	0	0	0
Net Income	−854 000	−805 000	−868 000	−782 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	19 741 000	19 529 000	19 495 000	19 495 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	19 741 000	19 529 000	19 495 000	19 495 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	19 741 000	19 529 000	19 495 000	19 495 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	220 000	119 000	74 000	32 000
Total Current Assets	370 000	119 000	74 000	62 000
Total Assets	20 111 000	19 648 000	19 568 000	19 556 000
Total Equity	−3 288 000	−2 433 000	−1 628 000	−760 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	23 151 000	21 887 000	21 044 000	20 136 000
Creditors	7 000	42 000	7 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	241 000	153 000	145 000	180 000
Total Current Debt	248 000	194 000	152 000	180 000
Total Equity and Debt	20 111 000	19 648 000	19 568 000	19 556 000

Financial indicators	2022	2021	2020	2019
Return on Equity	25,97 %	33,09 %	53,32 %	102,89 %
Debt-to-Equity Ratio	−7,04	−9	−12,93	−26,49
Operating Profit Margin	39,55 %	−1 700 %	-	−109,76 %
Current Ratio	1,49	0,61	0,49	0,34
Quick Ratio	1,49	0,61	0,49	0,34
Equity Ratio	−0,16	−0,12	−0,08	−0,04
Gross Profit Margin	100 %	100 %	-	100 %