TOWER FINANS AS

1405 LANGHUS

Finances

Return on Equity

−1 080,21 %

Current Ratio

0,04

Debt-to-Equity Ratio

4,49

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 658 000	2 541 000	3 272 000	1 331 000
Net Income	−1 037 000	659 000	814 000	384 000
Total Assets	3 396 000	4 018 000	3 402 000	997 000
Total Equity	96 000	1 134 000	474 000	310 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 658 000	2 541 000	3 272 000	1 331 000
Expenditure	4 180 000	2 312 000	2 210 000	1 429 000
Operating Profit	−1 522 000	229 000	1 062 000	−99 000
Financial Income	551 000	517 000	0	490 000
Financial Costs	118 000	38 000	16 000	32 000
Financial Balance	433 000	479 000	−16 000	458 000
Earnings Before Tax	−1 089 000	708 000	1 046 000	359 000
Tax	−52 000	49 000	232 000	−25 000
Net Income	−1 037 000	659 000	814 000	384 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 279 000	3 831 000	2 944 000	675 000
Total Current Assets	116 000	187 000	457 000	322 000
Total Assets	3 396 000	4 018 000	3 402 000	997 000
Total Retained Equity	66 000	1 104 000	444 000	280 000
Total Equity	96 000	1 134 000	474 000	310 000
Total Long-Term Debt	431 000	432 000	523 000	40 000
Total Current Debt	2 868 000	2 452 000	2 404 000	647 000
Total Equity and Debt	3 396 000	4 018 000	3 402 000	997 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 658 000	2 693 000	3 272 000	1 221 000
Other Income	0	−152 000	0	110 000
Revenue	2 658 000	2 541 000	3 272 000	1 331 000
Cost of Goods Sold	858 000	418 000	0	1 000
Salary Costs	1 005 000	549 000	1 245 000	417 000
Depreciation	61 000	55 000	10 000	40 000
Impairment	0	0	0	0
Expenditure	4 180 000	2 312 000	2 210 000	1 429 000
Operating Profit	−1 522 000	229 000	1 062 000	−99 000
Financial Income	551 000	517 000	0	490 000
Financial Costs	118 000	38 000	16 000	32 000
Financial Balance	433 000	479 000	−16 000	458 000
Dividends	0	0	400 000	0
Net Income	−1 037 000	659 000	814 000	384 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 194 000	3 746 000	2 929 000	590 000
Total Tangible Assets	3 194 000	3 746 000	2 929 000	590 000
Total Fiancial Fixed Assets	85 000	85 000	15 000	85 000
Total Fixed Assets	3 279 000	3 831 000	2 944 000	675 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	28 000	83 000	45 000	224 000
Total Current Assets	116 000	187 000	457 000	322 000
Total Assets	3 396 000	4 018 000	3 402 000	997 000
Total Equity	96 000	1 134 000	474 000	310 000
Short-Term Group Debt	36 000	50 000	0	0
Total Long-Term Debt	431 000	432 000	523 000	40 000
Creditors	158 000	807 000	957 000	74 000
Unpaid Taxes	308 000	1 009 000	573 000	184 000
Dividends	0	0	400 000	0
Other Current Debt	2 367 000	537 000	256 000	389 000
Total Current Debt	2 868 000	2 452 000	2 404 000	647 000
Total Equity and Debt	3 396 000	4 018 000	3 402 000	997 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1 080,21 %	58,11 %	171,73 %	123,87 %
Debt-to-Equity Ratio	4,49	0,38	1,1	0,13
Operating Profit Margin	−57,26 %	9,01 %	32,46 %	−7,44 %
Current Ratio	0,04	0,08	0,19	0,5
Quick Ratio	0,04	0,08	0,19	0,5
Equity Ratio	0,03	0,28	0,14	0,31
Gross Profit Margin	67,72 %	83,55 %	100 %	99,92 %