TORSION TOOL COMPANY AS

4331 ÅLGÅRD

Finances

Share Ownership

Return on Equity

−65,09 %

Current Ratio

0,85

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	197 000	11 000	53 000	177 000
Net Income	−1 518 000	−501 000	−177 000	−264 000
Total Assets	3 045 000	4 180 000	987 000	779 000
Total Equity	2 332 000	3 430 000	−90 000	86 000

Income (NOK)	2022	2021	2020	2019
Revenue	197 000	11 000	53 000	177 000
Expenditure	1 713 000	511 000	231 000	415 000
Operating Profit	−1 516 000	−499 000	−177 000	−238 000
Financial Income	2 000	0	0	0
Financial Costs	3 000	2 000	0	3 000
Financial Balance	−1 000	−2 000	0	−3 000
Earnings Before Tax	−1 518 000	−501 000	−177 000	−241 000
Tax	0	0	0	23 000
Net Income	−1 518 000	−501 000	−177 000	−264 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 443 000	2 133 000	867 000	594 000
Total Current Assets	602 000	2 046 000	120 000	185 000
Total Assets	3 045 000	4 180 000	987 000	779 000
Total Retained Equity	0	0	−190 000	−14 000
Total Equity	2 332 000	3 430 000	−90 000	86 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	712 000	749 000	1 077 000	693 000
Total Equity and Debt	3 045 000	4 180 000	987 000	779 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	197 000	11 000	53 000	177 000
Other Income	0	0	0	0
Revenue	197 000	11 000	53 000	177 000
Cost of Goods Sold	0	0	12 000	0
Salary Costs	1 238 000	205 000	0	0
Depreciation	95 000	11 000	7 000	1 000
Impairment	0	0	0	0
Expenditure	1 713 000	511 000	231 000	415 000
Operating Profit	−1 516 000	−499 000	−177 000	−238 000
Financial Income	2 000	0	0	0
Financial Costs	3 000	2 000	0	3 000
Financial Balance	−1 000	−2 000	0	−3 000
Dividends	0	0	0	0
Net Income	−1 518 000	−501 000	−177 000	−264 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 443 000	2 128 000	855 000	575 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	6 000	12 000	19 000
Total Tangible Assets	0	6 000	12 000	19 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	2 443 000	2 133 000	867 000	594 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	270 000	1 904 000	97 000	121 000
Total Current Assets	602 000	2 046 000	120 000	185 000
Total Assets	3 045 000	4 180 000	987 000	779 000
Total Equity	2 332 000	3 430 000	−90 000	86 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	17 000	18 000	12 000	72 000
Unpaid Taxes	76 000	118 000	2 000	0
Dividends	0	0	0	0
Other Current Debt	619 000	613 000	1 063 000	621 000
Total Current Debt	712 000	749 000	1 077 000	693 000
Total Equity and Debt	3 045 000	4 180 000	987 000	779 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−65,09 %	−14,61 %	196,67 %	−306,98 %
Debt-to-Equity Ratio	0	0	−0	0
Operating Profit Margin	−769,54 %	−4 536,36 %	−333,96 %	−134,46 %
Current Ratio	0,85	2,73	0,11	0,27
Quick Ratio	0,85	2,73	0,11	0,27
Equity Ratio	0,77	0,82	−0,09	0,11
Gross Profit Margin	100 %	100 %	77,36 %	100 %