TORVET 1 TEIE AS

3113 TØNSBERG

Finances

Share Ownership

Return on Equity

−21,55 %

Current Ratio

1,75

Debt-to-Equity Ratio

3,42

Key figures (NOK)	2022	2021	2020	2019
Revenue	510 000	489 000	377 000	410 000
Net Income	−395 000	−158 000	−232 000	−274 000
Total Assets	8 165 000	8 198 000	8 314 000	8 463 000
Total Equity	1 833 000	2 228 000	−715 000	−482 000

Income (NOK)	2022	2021	2020	2019
Revenue	510 000	489 000	377 000	410 000
Expenditure	623 000	420 000	302 000	317 000
Operating Profit	−113 000	69 000	75 000	92 000
Financial Income	4 000	4 000	4 000	3 000
Financial Costs	286 000	231 000	311 000	370 000
Financial Balance	−282 000	−227 000	−307 000	−367 000
Earnings Before Tax	−395 000	−158 000	−232 000	−274 000
Tax	0	0	0	0
Net Income	−395 000	−158 000	−232 000	−274 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 067 000	8 104 000	8 237 000	8 369 000
Total Current Assets	98 000	94 000	78 000	94 000
Total Assets	8 165 000	8 198 000	8 314 000	8 463 000
Total Retained Equity	0	0	−739 000	−507 000
Total Equity	1 833 000	2 228 000	−715 000	−482 000
Total Long-Term Debt	6 276 000	5 900 000	8 918 000	8 812 000
Total Current Debt	56 000	70 000	110 000	133 000
Total Equity and Debt	8 165 000	8 198 000	8 314 000	8 463 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	510 000	489 000	377 000	410 000
Revenue	510 000	489 000	377 000	410 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	132 000	132 000	132 000	132 000
Impairment	0	0	0	0
Expenditure	623 000	420 000	302 000	317 000
Operating Profit	−113 000	69 000	75 000	92 000
Financial Income	4 000	4 000	4 000	3 000
Financial Costs	286 000	231 000	311 000	370 000
Financial Balance	−282 000	−227 000	−307 000	−367 000
Dividends	0	0	0	0
Net Income	−395 000	−158 000	−232 000	−274 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	8 067 000	8 104 000	8 237 000	8 369 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	8 067 000	8 104 000	8 237 000	8 369 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	8 067 000	8 104 000	8 237 000	8 369 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	55 000	70 000	54 000	68 000
Total Current Assets	98 000	94 000	78 000	94 000
Total Assets	8 165 000	8 198 000	8 314 000	8 463 000
Total Equity	1 833 000	2 228 000	−715 000	−482 000
Short-Term Group Debt	0	0	0	127 000
Total Long-Term Debt	6 276 000	5 900 000	8 918 000	8 812 000
Creditors	16 000	18 000	2 000	6 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	41 000	53 000	108 000	0
Total Current Debt	56 000	70 000	110 000	133 000
Total Equity and Debt	8 165 000	8 198 000	8 314 000	8 463 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−21,55 %	−7,09 %	32,45 %	56,85 %
Debt-to-Equity Ratio	3,42	2,65	−12,47	−18,28
Operating Profit Margin	−22,16 %	14,11 %	19,89 %	22,44 %
Current Ratio	1,75	1,34	0,71	0,71
Quick Ratio	1,75	1,34	0,71	0,71
Equity Ratio	0,22	0,27	−0,09	−0,06
Gross Profit Margin	100 %	100 %	100 %	100 %