TURBO POWER NORWAY AS

2040 KLØFTA

Finances

Share Ownership

Return on Equity

13,06 %

Current Ratio

2,17

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 048 000	5 781 000	4 955 000	6 079 000
Net Income	215 000	401 000	535 000	290 000
Total Assets	2 922 000	3 738 000	2 360 000	2 568 000
Total Equity	1 646 000	1 430 000	1 330 000	795 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 048 000	5 781 000	4 955 000	6 079 000
Expenditure	5 748 000	5 243 000	4 256 000	5 660 000
Operating Profit	301 000	539 000	699 000	418 000
Financial Income	20 000	14 000	23 000	4 000
Financial Costs	44 000	33 000	31 000	50 000
Financial Balance	−24 000	−19 000	−8 000	−46 000
Earnings Before Tax	276 000	520 000	692 000	372 000
Tax	61 000	120 000	157 000	82 000
Net Income	215 000	401 000	535 000	290 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	158 000	65 000	92 000	137 000
Total Current Assets	2 764 000	3 673 000	2 267 000	2 431 000
Total Assets	2 922 000	3 738 000	2 360 000	2 568 000
Total Retained Equity	1 616 000	1 400 000	1 300 000	765 000
Total Equity	1 646 000	1 430 000	1 330 000	795 000
Total Long-Term Debt	0	0	0	2 000
Total Current Debt	1 276 000	2 307 000	1 030 000	1 771 000
Total Equity and Debt	2 922 000	3 738 000	2 360 000	2 568 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 048 000	5 781 000	5 464 000	6 079 000
Other Income	0	0	−509 000	0
Revenue	6 048 000	5 781 000	4 955 000	6 079 000
Cost of Goods Sold	3 163 000	3 257 000	2 006 000	3 335 000
Salary Costs	1 827 000	1 315 000	1 695 000	1 640 000
Depreciation	51 000	49 000	44 000	44 000
Impairment	0	0	0	0
Expenditure	5 748 000	5 243 000	4 256 000	5 660 000
Operating Profit	301 000	539 000	699 000	418 000
Financial Income	20 000	14 000	23 000	4 000
Financial Costs	44 000	33 000	31 000	50 000
Financial Balance	−24 000	−19 000	−8 000	−46 000
Dividends	0	0	0	0
Net Income	215 000	401 000	535 000	290 000

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	16 000	65 000	92 000	137 000
Fixtures	142 000	0	0	0
Total Tangible Assets	158 000	65 000	92 000	137 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	158 000	65 000	92 000	137 000
Stock	791 000	668 000	589 000	468 000
Total Investments	0	0	0	0
Cash, Bank	1 241 000	1 930 000	1 047 000	1 128 000
Total Current Assets	2 764 000	3 673 000	2 267 000	2 431 000
Total Assets	2 922 000	3 738 000	2 360 000	2 568 000
Total Equity	1 646 000	1 430 000	1 330 000	795 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	2 000
Creditors	236 000	319 000	30 000	759 000
Unpaid Taxes	310 000	286 000	266 000	154 000
Dividends	0	0	0	0
Other Current Debt	669 000	1 283 000	574 000	777 000
Total Current Debt	1 276 000	2 307 000	1 030 000	1 771 000
Total Equity and Debt	2 922 000	3 738 000	2 360 000	2 568 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,06 %	28,04 %	40,23 %	36,48 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	4,98 %	9,32 %	14,11 %	6,88 %
Current Ratio	2,17	1,59	2,2	1,37
Quick Ratio	5,7	2,24	5,14	1,87
Equity Ratio	0,56	0,38	0,56	0,31
Gross Profit Margin	47,7 %	43,66 %	59,52 %	45,14 %