TORNES BULK AS

5514 HAUGESUND

Finances

Share Ownership

Return on Equity

1,14 %

Current Ratio

3,08

Debt-to-Equity Ratio

0,51

Key figures (NOK)	2022	2021	2020	2019
Revenue	28 247 000	26 916 000	23 954 000	3 858 000
Net Income	183 000	5 134 000	3 082 000	−1 065 000
Total Assets	26 318 000	30 544 000	26 437 000	27 026 000
Total Equity	16 028 000	16 245 000	11 511 000	8 929 000

Income (NOK)	2022	2021	2020	2019
Revenue	28 247 000	26 916 000	23 954 000	3 858 000
Expenditure	27 328 000	20 950 000	19 932 000	4 614 000
Operating Profit	919 000	5 966 000	4 022 000	−755 000
Financial Income	166 000	101 000	116 000	2 000
Financial Costs	902 000	933 000	1 057 000	311 000
Financial Balance	−736 000	−832 000	−941 000	−309 000
Earnings Before Tax	183 000	5 134 000	3 082 000	−1 065 000
Tax	0	0	0	0
Net Income	183 000	5 134 000	3 082 000	−1 065 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	19 996 000	21 675 000	23 078 000	25 551 000
Total Current Assets	6 322 000	8 869 000	3 359 000	1 475 000
Total Assets	26 318 000	30 544 000	26 437 000	27 026 000
Total Retained Equity	6 028 000	6 245 000	1 511 000	−1 071 000
Total Equity	16 028 000	16 245 000	11 511 000	8 929 000
Total Long-Term Debt	8 237 000	12 811 000	13 811 000	15 000 000
Total Current Debt	2 052 000	1 487 000	1 115 000	3 097 000
Total Equity and Debt	26 318 000	30 544 000	26 437 000	27 026 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	28 247 000	26 916 000	23 954 000	3 858 000
Other Income	0	0	0	0
Revenue	28 247 000	26 916 000	23 954 000	3 858 000
Cost of Goods Sold	0	0	0	0
Salary Costs	6 071 000	5 817 000	6 063 000	1 232 000
Depreciation	2 615 000	2 539 000	2 473 000	530 000
Impairment	0	0	0	0
Expenditure	27 328 000	20 950 000	19 932 000	4 614 000
Operating Profit	919 000	5 966 000	4 022 000	−755 000
Financial Income	166 000	101 000	116 000	2 000
Financial Costs	902 000	933 000	1 057 000	311 000
Financial Balance	−736 000	−832 000	−941 000	−309 000
Dividends	400 000	400 000	500 000	0
Net Income	183 000	5 134 000	3 082 000	−1 065 000

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	1 820 000	2 447 000	2 882 000	3 480 000
Total Tangible Assets	19 996 000	21 675 000	23 078 000	25 551 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	19 996 000	21 675 000	23 078 000	25 551 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	5 614 000	7 412 000	2 691 000	41 000
Total Current Assets	6 322 000	8 869 000	3 359 000	1 475 000
Total Assets	26 318 000	30 544 000	26 437 000	27 026 000
Total Equity	16 028 000	16 245 000	11 511 000	8 929 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	8 237 000	12 811 000	13 811 000	15 000 000
Creditors	1 436 000	907 000	248 000	2 245 000
Unpaid Taxes	112 000	125 000	241 000	148 000
Dividends	400 000	400 000	500 000	0
Other Current Debt	104 000	55 000	126 000	634 000
Total Current Debt	2 052 000	1 487 000	1 115 000	3 097 000
Total Equity and Debt	26 318 000	30 544 000	26 437 000	27 026 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,14 %	31,6 %	26,77 %	−11,93 %
Debt-to-Equity Ratio	0,51	0,79	1,2	1,68
Operating Profit Margin	3,25 %	22,17 %	16,79 %	−19,57 %
Current Ratio	3,08	5,96	3,01	0,48
Quick Ratio	3,08	5,96	3,01	0,48
Equity Ratio	0,61	0,53	0,44	0,33
Gross Profit Margin	100 %	100 %	100 %	100 %