TORGARNES AS

8907 BRØNNØYSUND

Finances

Share Ownership

Return on Equity

37,72 %

Current Ratio

0,2

Debt-to-Equity Ratio

28,71

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 008 000	819 000	780 000	0
Net Income	43 000	14 000	50 000	−11 000
Total Assets	3 586 000	3 728 000	3 842 000	4 007 000
Total Equity	114 000	72 000	57 000	7 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 008 000	819 000	780 000	0
Expenditure	812 000	678 000	698 000	11 000
Operating Profit	196 000	140 000	82 000	−11 000
Financial Income	0	0	0	0
Financial Costs	141 000	122 000	22 000	0
Financial Balance	−141 000	−122 000	−22 000	0
Earnings Before Tax	55 000	19 000	61 000	−11 000
Tax	12 000	4 000	11 000	0
Net Income	43 000	14 000	50 000	−11 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 546 000	3 684 000	3 818 000	4 000 000
Total Current Assets	40 000	44 000	24 000	7 000
Total Assets	3 586 000	3 728 000	3 842 000	4 007 000
Total Retained Equity	96 000	53 000	39 000	−11 000
Total Equity	114 000	72 000	57 000	7 000
Total Long-Term Debt	3 273 000	3 487 000	3 700 000	0
Total Current Debt	199 000	169 000	85 000	4 000 000
Total Equity and Debt	3 586 000	3 728 000	3 842 000	4 007 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 007 000	817 000	780 000	0
Other Income	2 000	2 000	0	0
Revenue	1 008 000	819 000	780 000	0
Cost of Goods Sold	0	−10 000	0	0
Salary Costs	551 000	418 000	369 000	0
Depreciation	138 000	134 000	182 000	0
Impairment	0	0	0	0
Expenditure	812 000	678 000	698 000	11 000
Operating Profit	196 000	140 000	82 000	−11 000
Financial Income	0	0	0	0
Financial Costs	141 000	122 000	22 000	0
Financial Balance	−141 000	−122 000	−22 000	0
Dividends	0	0	0	0
Net Income	43 000	14 000	50 000	−11 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 700 000	2 700 000	2 700 000	2 700 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	846 000	984 000	1 118 000	1 300 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	3 546 000	3 684 000	3 818 000	4 000 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	40 000	44 000	24 000	5 000
Total Current Assets	40 000	44 000	24 000	7 000
Total Assets	3 586 000	3 728 000	3 842 000	4 007 000
Total Equity	114 000	72 000	57 000	7 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 273 000	3 487 000	3 700 000	0
Creditors	−1 000	2 000	0	4 000 000
Unpaid Taxes	87 000	81 000	60 000	0
Dividends	0	0	0	0
Other Current Debt	101 000	82 000	14 000	0
Total Current Debt	199 000	169 000	85 000	4 000 000
Total Equity and Debt	3 586 000	3 728 000	3 842 000	4 007 000

Financial indicators	2022	2021	2020	2019
Return on Equity	37,72 %	19,44 %	87,72 %	−157,14 %
Debt-to-Equity Ratio	28,71	48,43	64,91	0
Operating Profit Margin	19,44 %	17,09 %	10,51 %	-
Current Ratio	0,2	0,26	0,28	0
Quick Ratio	0,2	0,26	0,28	0
Equity Ratio	0,03	0,02	0,01	0
Gross Profit Margin	100 %	101,22 %	100 %	-