TORSNES AS

1653 SELLEBAKK

Finances

Share Ownership

Return on Equity

48,58 %

Current Ratio

1,22

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 561 000	4 604 000	3 355 000	644 000
Net Income	223 000	174 000	11 000	21 000
Total Assets	1 986 000	1 960 000	1 165 000	552 000
Total Equity	459 000	236 000	62 000	51 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 561 000	4 604 000	3 355 000	644 000
Expenditure	3 262 000	4 376 000	3 341 000	616 000
Operating Profit	299 000	228 000	15 000	28 000
Financial Income	0	0	0	0
Financial Costs	13 000	0	0	1 000
Financial Balance	−13 000	0	0	−1 000
Earnings Before Tax	286 000	227 000	15 000	26 000
Tax	63 000	53 000	3 000	6 000
Net Income	223 000	174 000	11 000	21 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	120 000	0	50 000	0
Total Current Assets	1 866 000	1 960 000	1 115 000	552 000
Total Assets	1 986 000	1 960 000	1 165 000	552 000
Total Retained Equity	429 000	206 000	32 000	21 000
Total Equity	459 000	236 000	62 000	51 000
Total Long-Term Debt	1 000	4 000	2 000	0
Total Current Debt	1 526 000	1 720 000	1 101 000	501 000
Total Equity and Debt	1 986 000	1 960 000	1 165 000	552 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	3 166 000	4 999 000	3 353 000	644 000
Other Income	395 000	−395 000	2 000	0
Revenue	3 561 000	4 604 000	3 355 000	644 000
Cost of Goods Sold	1 882 000	3 328 000	2 189 000	351 000
Salary Costs	647 000	579 000	666 000	213 000
Depreciation	30 000	0	0	0
Impairment	0	0	0	0
Expenditure	3 262 000	4 376 000	3 341 000	616 000
Operating Profit	299 000	228 000	15 000	28 000
Financial Income	0	0	0	0
Financial Costs	13 000	0	0	1 000
Financial Balance	−13 000	0	0	−1 000
Dividends	0	0	0	0
Net Income	223 000	174 000	11 000	21 000

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	120 000	0	0	0
Total Tangible Assets	120 000	0	0	0
Total Fiancial Fixed Assets	0	0	50 000	0
Total Fixed Assets	120 000	0	50 000	0
Stock	1 416 000	277 000	277 000	282 000
Total Investments	0	0	0	0
Cash, Bank	79 000	665 000	367 000	219 000
Total Current Assets	1 866 000	1 960 000	1 115 000	552 000
Total Assets	1 986 000	1 960 000	1 165 000	552 000
Total Equity	459 000	236 000	62 000	51 000
Short-Term Group Debt	250 000	0	0	0
Total Long-Term Debt	1 000	4 000	2 000	0
Creditors	542 000	347 000	182 000	51 000
Unpaid Taxes	178 000	475 000	253 000	112 000
Dividends	0	0	0	0
Other Current Debt	239 000	847 000	665 000	332 000
Total Current Debt	1 526 000	1 720 000	1 101 000	501 000
Total Equity and Debt	1 986 000	1 960 000	1 165 000	552 000

Financial indicators	2022	2021	2020	2019
Return on Equity	48,58 %	73,73 %	17,74 %	41,18 %
Debt-to-Equity Ratio	0	0,02	0,03	0
Operating Profit Margin	8,4 %	4,95 %	0,45 %	4,35 %
Current Ratio	1,22	1,14	1,01	1,1
Quick Ratio	16,96	1,36	1,35	2,52
Equity Ratio	0,23	0,12	0,05	0,09
Gross Profit Margin	47,15 %	27,72 %	34,75 %	45,5 %