TURFCLEANER AS

2040 KLØFTA

Finances

Share Ownership

Return on Equity

−23,11 %

Current Ratio

1,04

Debt-to-Equity Ratio

0,12

Key figures (NOK)	2022	2021	2020	2019
Revenue	308 000	442 000	785 000	225 000
Net Income	−58 000	61 000	220 000	3 000
Total Assets	806 000	883 000	1 045 000	1 336 000
Total Equity	251 000	309 000	247 000	28 000

Income (NOK)	2022	2021	2020	2019
Revenue	308 000	442 000	785 000	225 000
Expenditure	378 000	364 000	224 000	222 000
Operating Profit	−70 000	78 000	281 000	3 000
Financial Income	0	0	1 000	0
Financial Costs	0	0	0	0
Financial Balance	0	0	1 000	0
Earnings Before Tax	−70 000	78 000	281 000	3 000
Tax	−12 000	17 000	61 000	0
Net Income	−58 000	61 000	220 000	3 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	258 000	339 000	215 000	163 000
Total Current Assets	549 000	545 000	830 000	1 173 000
Total Assets	806 000	883 000	1 045 000	1 336 000
Total Retained Equity	226 000	284 000	223 000	3 000
Total Equity	251 000	309 000	247 000	28 000
Total Long-Term Debt	30 000	34 000	19 000	6 000
Total Current Debt	526 000	541 000	779 000	1 303 000
Total Equity and Debt	806 000	883 000	1 045 000	1 336 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	308 000	442 000	785 000	225 000
Other Income	0	0	0	0
Revenue	308 000	442 000	785 000	225 000
Cost of Goods Sold	112 000	20 000	0	173 000
Salary Costs	1 000	1 000	1 000	0
Depreciation	81 000	61 000	16 000	5 000
Impairment	0	0	0	0
Expenditure	378 000	364 000	224 000	222 000
Operating Profit	−70 000	78 000	281 000	3 000
Financial Income	0	0	1 000	0
Financial Costs	0	0	0	0
Financial Balance	0	0	1 000	0
Dividends	0	0	0	0
Net Income	−58 000	61 000	220 000	3 000

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	146 000
Fixtures	258 000	339 000	215 000	17 000
Total Tangible Assets	258 000	339 000	215 000	163 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	258 000	339 000	215 000	163 000
Stock	151 000	151 000	151 000	280 000
Total Investments	0	0	0	0
Cash, Bank	355 000	321 000	333 000	384 000
Total Current Assets	549 000	545 000	830 000	1 173 000
Total Assets	806 000	883 000	1 045 000	1 336 000
Total Equity	251 000	309 000	247 000	28 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	30 000	34 000	19 000	6 000
Creditors	6 000	7 000	206 000	783 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	520 000	520 000	520 000	520 000
Total Current Debt	526 000	541 000	779 000	1 303 000
Total Equity and Debt	806 000	883 000	1 045 000	1 336 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−23,11 %	19,74 %	89,07 %	10,71 %
Debt-to-Equity Ratio	0,12	0,11	0,08	0,21
Operating Profit Margin	−22,73 %	17,65 %	35,8 %	1,33 %
Current Ratio	1,04	1,01	1,07	0,9
Quick Ratio	1,46	1,4	1,32	1,15
Equity Ratio	0,31	0,35	0,24	0,02
Gross Profit Margin	63,64 %	95,48 %	100 %	23,11 %