TANGVIK AS

7300 ORKANGER

Finances

Return on Equity

29,61 %

Current Ratio

0,8

Debt-to-Equity Ratio

0,65

Key figures (NOK)	2022	2021	2020	2019
Revenue	130 674 000	105 280 000	102 378 000	96 460 000
Net Income	5 497 000	6 206 000	6 552 000	4 346 000
Total Assets	56 129 000	32 640 000	27 990 000	26 730 000
Total Equity	18 563 000	12 160 000	6 654 000	5 402 000

Income (NOK)	2022	2021	2020	2019
Revenue	130 674 000	105 280 000	102 378 000	96 460 000
Expenditure	123 617 000	97 581 000	94 094 000	90 773 000
Operating Profit	7 057 000	7 700 000	8 284 000	5 687 000
Financial Income	353 000	332 000	267 000	113 000
Financial Costs	358 000	74 000	126 000	210 000
Financial Balance	−5 000	258 000	141 000	−97 000
Earnings Before Tax	7 053 000	7 958 000	8 425 000	5 590 000
Tax	1 555 000	1 752 000	1 873 000	1 244 000
Net Income	5 497 000	6 206 000	6 552 000	4 346 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	35 780 000	15 237 000	6 035 000	7 840 000
Total Current Assets	20 349 000	17 403 000	21 955 000	18 890 000
Total Assets	56 129 000	32 640 000	27 990 000	26 730 000
Total Retained Equity	13 451 000	7 047 000	1 541 000	289 000
Total Equity	18 563 000	12 160 000	6 654 000	5 402 000
Total Long-Term Debt	12 062 000	611 000	1 232 000	4 791 000
Total Current Debt	25 503 000	19 868 000	20 104 000	16 537 000
Total Equity and Debt	56 129 000	32 640 000	27 990 000	26 730 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	120 942 000	100 913 000	100 715 000	94 629 000
Other Income	9 732 000	4 367 000	1 663 000	1 830 000
Revenue	130 674 000	105 280 000	102 378 000	96 460 000
Cost of Goods Sold	29 536 000	28 437 000	29 846 000	26 610 000
Salary Costs	38 449 000	29 025 000	26 699 000	27 566 000
Depreciation	8 618 000	3 037 000	2 517 000	2 633 000
Impairment	0	0	0	0
Expenditure	123 617 000	97 581 000	94 094 000	90 773 000
Operating Profit	7 057 000	7 700 000	8 284 000	5 687 000
Financial Income	353 000	332 000	267 000	113 000
Financial Costs	358 000	74 000	126 000	210 000
Financial Balance	−5 000	258 000	141 000	−97 000
Dividends	0	700 000	5 300 000	3 300 000
Net Income	5 497 000	6 206 000	6 552 000	4 346 000

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	25 342 000	15 168 000	430 000	458 000
Fixtures	141 000	19 000	5 568 000	7 345 000
Total Tangible Assets	35 731 000	15 187 000	5 998 000	7 803 000
Total Fiancial Fixed Assets	49 000	49 000	37 000	37 000
Total Fixed Assets	35 780 000	15 237 000	6 035 000	7 840 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	6 573 000	3 515 000	9 624 000	6 780 000
Total Current Assets	20 349 000	17 403 000	21 955 000	18 890 000
Total Assets	56 129 000	32 640 000	27 990 000	26 730 000
Total Equity	18 563 000	12 160 000	6 654 000	5 402 000
Short-Term Group Debt	5 000 000	0	0	67 000
Total Long-Term Debt	12 062 000	611 000	1 232 000	4 791 000
Creditors	9 206 000	12 602 000	6 830 000	6 290 000
Unpaid Taxes	3 982 000	2 085 000	3 146 000	2 831 000
Dividends	0	700 000	5 300 000	3 300 000
Other Current Debt	6 059 000	3 129 000	2 892 000	2 911 000
Total Current Debt	25 503 000	19 868 000	20 104 000	16 537 000
Total Equity and Debt	56 129 000	32 640 000	27 990 000	26 730 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,61 %	51,04 %	98,47 %	80,45 %
Debt-to-Equity Ratio	0,65	0,05	0,19	0,89
Operating Profit Margin	5,4 %	7,31 %	8,09 %	5,9 %
Current Ratio	0,8	0,88	1,09	1,14
Quick Ratio	0,8	0,88	1,09	1,14
Equity Ratio	0,33	0,37	0,24	0,2
Gross Profit Margin	77,4 %	72,99 %	70,85 %	72,41 %