TORSTEIN ØVSTHUS & SØNNER AS

5705 VOSS

Finances

Return on Equity

8,15 %

Current Ratio

2,35

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	15 317 000	9 596 000	7 974 000	5 927 000
Net Income	532 000	781 000	706 000	41 000
Total Assets	9 808 000	7 526 000	6 607 000	6 007 000
Total Equity	6 527 000	5 995 000	5 214 000	5 008 000

Income (NOK)	2022	2021	2020	2019
Revenue	15 317 000	9 596 000	7 974 000	5 927 000
Expenditure	14 368 000	8 693 000	7 238 000	5 886 000
Operating Profit	949 000	903 000	736 000	41 000
Financial Income	2 000	87 000	134 000	12 000
Financial Costs	183 000	1 000	0	0
Financial Balance	−181 000	86 000	134 000	12 000
Earnings Before Tax	767 000	989 000	870 000	52 000
Tax	236 000	208 000	164 000	12 000
Net Income	532 000	781 000	706 000	41 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 114 000	1 752 000	2 112 000	1 881 000
Total Current Assets	7 694 000	5 774 000	4 495 000	4 126 000
Total Assets	9 808 000	7 526 000	6 607 000	6 007 000
Total Retained Equity	6 427 000	5 895 000	5 114 000	4 908 000
Total Equity	6 527 000	5 995 000	5 214 000	5 008 000
Total Long-Term Debt	0	16 000	43 000	76 000
Total Current Debt	3 281 000	1 514 000	1 350 000	923 000
Total Equity and Debt	9 808 000	7 526 000	6 607 000	6 007 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	15 317 000	9 596 000	7 974 000	5 927 000
Other Income	0	0	0	0
Revenue	15 317 000	9 596 000	7 974 000	5 927 000
Cost of Goods Sold	19 000	7 000	144 000	78 000
Salary Costs	6 514 000	3 896 000	3 450 000	2 639 000
Depreciation	301 000	132 000	173 000	161 000
Impairment	0	0	0	0
Expenditure	14 368 000	8 693 000	7 238 000	5 886 000
Operating Profit	949 000	903 000	736 000	41 000
Financial Income	2 000	87 000	134 000	12 000
Financial Costs	183 000	1 000	0	0
Financial Balance	−181 000	86 000	134 000	12 000
Dividends	0	0	0	0
Net Income	532 000	781 000	706 000	41 000

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	210 000	107 000	213 000	362 000
Fixtures	17 000	0	0	0
Total Tangible Assets	227 000	107 000	213 000	362 000
Total Fiancial Fixed Assets	1 887 000	1 645 000	1 899 000	1 519 000
Total Fixed Assets	2 114 000	1 752 000	2 112 000	1 881 000
Stock	0	0	0	0
Total Investments	1 830 000	2 113 000	1 036 000	911 000
Cash, Bank	3 305 000	2 406 000	2 259 000	2 396 000
Total Current Assets	7 694 000	5 774 000	4 495 000	4 126 000
Total Assets	9 808 000	7 526 000	6 607 000	6 007 000
Total Equity	6 527 000	5 995 000	5 214 000	5 008 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	16 000	43 000	76 000
Creditors	811 000	344 000	285 000	242 000
Unpaid Taxes	1 041 000	448 000	425 000	325 000
Dividends	0	0	0	0
Other Current Debt	1 178 000	487 000	443 000	313 000
Total Current Debt	3 281 000	1 514 000	1 350 000	923 000
Total Equity and Debt	9 808 000	7 526 000	6 607 000	6 007 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,15 %	13,03 %	13,54 %	0,82 %
Debt-to-Equity Ratio	0	0	0,01	0,02
Operating Profit Margin	6,2 %	9,41 %	9,23 %	0,69 %
Current Ratio	2,35	3,81	3,33	4,47
Quick Ratio	2,35	3,81	3,33	4,47
Equity Ratio	0,67	0,8	0,79	0,83
Gross Profit Margin	99,88 %	99,93 %	98,19 %	98,68 %