TØRNLAND AS

8300 SVOLVÆR

Finances

Return on Equity

87,54 %

Current Ratio

111,8

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020
Revenue	1 476 000	1 457 000	0
Net Income	32 860 000	471 000	−12 000
Total Assets	38 198 000	41 303 000	58 000
Total Equity	37 536 000	4 700 000	58 000

Income (NOK)	2022	2021	2020
Revenue	1 476 000	1 457 000	0
Expenditure	1 036 000	864 000	16 000
Operating Profit	440 000	594 000	−16 000
Financial Income	32 567 000	10 000	0
Financial Costs	0	0	0
Financial Balance	32 567 000	10 000	0
Earnings Before Tax	33 006 000	604 000	−15 000
Tax	147 000	133 000	−3 000
Net Income	32 860 000	471 000	−12 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	2 982 000	5 582 000	3 000
Total Current Assets	35 216 000	35 721 000	55 000
Total Assets	38 198 000	41 303 000	58 000
Total Retained Equity	34 036 000	1 200 000	−12 000
Total Equity	37 536 000	4 700 000	58 000
Total Long-Term Debt	347 000	338 000	0
Total Current Debt	315 000	36 265 000	0
Total Equity and Debt	38 198 000	41 303 000	58 000

Cash flow (NOK)	2022	2021	2020
Sales Income	0	0	0
Other Income	1 476 000	1 457 000	0
Revenue	1 476 000	1 457 000	0
Cost of Goods Sold	0	0	0
Salary Costs	661 000	721 000	0
Depreciation	0	0	0
Impairment	0	0	0
Expenditure	1 036 000	864 000	16 000
Operating Profit	440 000	594 000	−16 000
Financial Income	32 567 000	10 000	0
Financial Costs	0	0	0
Financial Balance	32 567 000	10 000	0
Dividends	0	0	0
Net Income	32 860 000	471 000	−12 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	3 000
Real Eastate	2 670 000	2 670 000	0
Machinery and Plant Facilities	0	0	0
Fixtures	0	0	0
Total Tangible Assets	2 670 000	2 670 000	0
Total Fiancial Fixed Assets	312 000	2 912 000	0
Total Fixed Assets	2 982 000	5 582 000	3 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	19 216 000	6 327 000	40 000
Total Current Assets	35 216 000	35 721 000	55 000
Total Assets	38 198 000	41 303 000	58 000
Total Equity	37 536 000	4 700 000	58 000
Short-Term Group Debt	30 000	36 101 000	0
Total Long-Term Debt	347 000	338 000	0
Creditors	20 000	24 000	0
Unpaid Taxes	55 000	54 000	0
Dividends	0	0	0
Other Current Debt	79 000	86 000	0
Total Current Debt	315 000	36 265 000	0
Total Equity and Debt	38 198 000	41 303 000	58 000

Financial indicators	2022	2021	2020
Return on Equity	87,54 %	10,02 %	−20,69 %
Debt-to-Equity Ratio	0,01	0,07	0
Operating Profit Margin	29,81 %	40,77 %	-
Current Ratio	111,8	0,98	-
Quick Ratio	111,8	0,98	-
Equity Ratio	0,98	0,11	1
Gross Profit Margin	100 %	100 %	-