TORNES TURBUSSER AS

6443 TORNES I ROMSDAL

Finances

Share Ownership

Return on Equity

17,1 %

Current Ratio

0,29

Debt-to-Equity Ratio

−0,91

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 149 000	3 314 000	2 430 000	8 277 000
Net Income	−305 000	−80 000	−1 174 000	−962 000
Total Assets	988 000	1 359 000	1 960 000	2 465 000
Total Equity	−1 784 000	−1 480 000	−1 400 000	−950 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 149 000	3 314 000	2 430 000	8 277 000
Expenditure	6 291 000	3 215 000	2 968 000	9 325 000
Operating Profit	−141 000	100 000	−536 000	−1 048 000
Financial Income	1 000	0	0	1 000
Financial Costs	164 000	179 000	228 000	182 000
Financial Balance	−163 000	−179 000	−228 000	−181 000
Earnings Before Tax	−305 000	−80 000	−764 000	−1 229 000
Tax	0	0	410 000	−267 000
Net Income	−305 000	−80 000	−1 174 000	−962 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	649 000	705 000	1 173 000	1 788 000
Total Current Assets	339 000	655 000	787 000	676 000
Total Assets	988 000	1 359 000	1 960 000	2 465 000
Total Retained Equity	−3 028 000	−2 724 000	−2 644 000	−1 470 000
Total Equity	−1 784 000	−1 480 000	−1 400 000	−950 000
Total Long-Term Debt	1 618 000	1 820 000	1 992 000	1 596 000
Total Current Debt	1 154 000	1 019 000	1 367 000	1 819 000
Total Equity and Debt	988 000	1 359 000	1 960 000	2 465 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	5 901 000	2 346 000	1 416 000	8 289 000
Other Income	248 000	968 000	1 014 000	−11 000
Revenue	6 149 000	3 314 000	2 430 000	8 277 000
Cost of Goods Sold	331 000	349 000	118 000	1 588 000
Salary Costs	2 246 000	488 000	517 000	3 734 000
Depreciation	7 000	364 000	341 000	394 000
Impairment	0	0	0	0
Expenditure	6 291 000	3 215 000	2 968 000	9 325 000
Operating Profit	−141 000	100 000	−536 000	−1 048 000
Financial Income	1 000	0	0	1 000
Financial Costs	164 000	179 000	228 000	182 000
Financial Balance	−163 000	−179 000	−228 000	−181 000
Dividends	0	0	0	0
Net Income	−305 000	−80 000	−1 174 000	−962 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	410 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	503 000	476 000	838 000	907 000
Fixtures	6 000	12 000	14 000	23 000
Total Tangible Assets	509 000	488 000	851 000	930 000
Total Fiancial Fixed Assets	140 000	217 000	321 000	449 000
Total Fixed Assets	649 000	705 000	1 173 000	1 788 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	32 000	42 000	19 000	153 000
Total Current Assets	339 000	655 000	787 000	676 000
Total Assets	988 000	1 359 000	1 960 000	2 465 000
Total Equity	−1 784 000	−1 480 000	−1 400 000	−950 000
Short-Term Group Debt	630 000	630 000	546 000	235 000
Total Long-Term Debt	1 618 000	1 820 000	1 992 000	1 596 000
Creditors	155 000	133 000	333 000	430 000
Unpaid Taxes	50 000	32 000	0	213 000
Dividends	0	0	0	0
Other Current Debt	265 000	157 000	95 000	533 000
Total Current Debt	1 154 000	1 019 000	1 367 000	1 819 000
Total Equity and Debt	988 000	1 359 000	1 960 000	2 465 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,1 %	5,41 %	83,86 %	101,26 %
Debt-to-Equity Ratio	−0,91	−1,23	−1,42	−1,68
Operating Profit Margin	−2,29 %	3,02 %	−22,06 %	−12,66 %
Current Ratio	0,29	0,64	0,58	0,37
Quick Ratio	0,29	0,64	0,58	0,37
Equity Ratio	−1,81	−1,09	−0,71	−0,39
Gross Profit Margin	94,62 %	89,47 %	95,14 %	80,81 %