TORGEIR MAGNUSSEN HOLDING AS

7043 TRONDHEIM

Finances

Return on Equity

159,09 %

Current Ratio

1,57

Debt-to-Equity Ratio

−30,72

Key figures (NOK)	2021	2020	2019	2018
Revenue	0	18 000	0	0
Net Income	−490 000	427 000	−5 000	−28 000
Total Assets	10 978 000	6 588 000	3 753 000	1 127 000
Total Equity	−308 000	182 000	7 000	12 000

Income (NOK)	2021	2020	2019	2018
Revenue	0	18 000	0	0
Expenditure	528 000	−413 000	51 000	5 000
Operating Profit	−528 000	431 000	−51 000	−5 000
Financial Income	0	117 000	45 000	22 000
Financial Costs	11 000	0	0	44 000
Financial Balance	−11 000	117 000	45 000	−22 000
Earnings Before Tax	−538 000	547 000	−6 000	−28 000
Tax	−48 000	120 000	−1 000	0
Net Income	−490 000	427 000	−5 000	−28 000

Balance (NOK)	2021	2020	2019	2018
Total Fixed Assets	8 106 000	4 761 000	1 431 000	1 122 000
Total Current Assets	2 872 000	1 826 000	2 322 000	5 000
Total Assets	10 978 000	6 588 000	3 753 000	1 127 000
Total Retained Equity	−353 000	137 000	−38 000	−33 000
Total Equity	−308 000	182 000	7 000	12 000
Total Long-Term Debt	9 463 000	4 548 000	3 715 000	1 115 000
Total Current Debt	1 824 000	1 857 000	32 000	0
Total Equity and Debt	10 978 000	6 588 000	3 753 000	1 127 000

Cash flow (NOK)	2021	2020	2019	2018
Sales Income	0	0	0	0
Other Income	0	18 000	0	0
Revenue	0	18 000	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	365 000	0	0	0
Depreciation	−15 000	33 000	6 000	0
Impairment	0	0	0	0
Expenditure	528 000	−413 000	51 000	5 000
Operating Profit	−528 000	431 000	−51 000	−5 000
Financial Income	0	117 000	45 000	22 000
Financial Costs	11 000	0	0	44 000
Financial Balance	−11 000	117 000	45 000	−22 000
Dividends	0	0	0	0
Net Income	−490 000	427 000	−5 000	−28 000

Balance details (NOK)	2021	2020	2019	2018
Goodwill	0	0	0	0
Total Intangible Assets	0	0	1 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	1 531 000	956 000	355 000	0
Total Tangible Assets	1 531 000	956 000	355 000	0
Total Fiancial Fixed Assets	6 575 000	3 805 000	1 075 000	1 122 000
Total Fixed Assets	8 106 000	4 761 000	1 431 000	1 122 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	110 000	0	403 000	5 000
Total Current Assets	2 872 000	1 826 000	2 322 000	5 000
Total Assets	10 978 000	6 588 000	3 753 000	1 127 000
Total Equity	−308 000	182 000	7 000	12 000
Short-Term Group Debt	1 622 000	1 823 000	0	0
Total Long-Term Debt	9 463 000	4 548 000	3 715 000	1 115 000
Creditors	76 000	8 000	3 000	0
Unpaid Taxes	45 000	0	0	0
Dividends	0	0	0	0
Other Current Debt	80 000	27 000	28 000	0
Total Current Debt	1 824 000	1 857 000	32 000	0
Total Equity and Debt	10 978 000	6 588 000	3 753 000	1 127 000

Financial indicators	2021	2020	2019	2018
Return on Equity	159,09 %	234,62 %	−71,43 %	−233,33 %
Debt-to-Equity Ratio	−30,72	24,99	530,71	92,92
Operating Profit Margin	-	2 394,44 %	-	-
Current Ratio	1,57	0,98	72,56	-
Quick Ratio	1,57	0,98	72,56	-
Equity Ratio	−0,03	0,03	0	0,01
Gross Profit Margin	-	100 %	-	-