TORVIK FJELLSPRENGNING AS

7112 HASSELVIKA

Finances

Share Ownership

Return on Equity

70,59 %

Current Ratio

1,29

Debt-to-Equity Ratio

0,74

Key figures (NOK)	2022	2021	2020
Revenue	4 983 000	2 595 000	1 574 000
Net Income	240 000	−163 000	233 000
Total Assets	1 342 000	723 000	874 000
Total Equity	340 000	100 000	263 000

Income (NOK)	2022	2021	2020
Revenue	4 983 000	2 595 000	1 574 000
Expenditure	4 631 000	2 783 000	1 265 000
Operating Profit	351 000	−188 000	310 000
Financial Income	0	0	0
Financial Costs	32 000	20 000	10 000
Financial Balance	−32 000	−20 000	−10 000
Earnings Before Tax	319 000	−209 000	299 000
Tax	79 000	−45 000	66 000
Net Income	240 000	−163 000	233 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	374 000	497 000	331 000
Total Current Assets	967 000	226 000	544 000
Total Assets	1 342 000	723 000	874 000
Total Retained Equity	310 000	70 000	233 000
Total Equity	340 000	100 000	263 000
Total Long-Term Debt	252 000	368 000	361 000
Total Current Debt	751 000	255 000	250 000
Total Equity and Debt	1 342 000	723 000	874 000

Cash flow (NOK)	2022	2021	2020
Sales Income	4 991 000	2 586 000	1 575 000
Other Income	−8 000	9 000	−1 000
Revenue	4 983 000	2 595 000	1 574 000
Cost of Goods Sold	1 218 000	619 000	40 000
Salary Costs	1 618 000	1 461 000	755 000
Depreciation	131 000	110 000	40 000
Impairment	0	0	0
Expenditure	4 631 000	2 783 000	1 265 000
Operating Profit	351 000	−188 000	310 000
Financial Income	0	0	0
Financial Costs	32 000	20 000	10 000
Financial Balance	−32 000	−20 000	−10 000
Dividends	0	0	0
Net Income	240 000	−163 000	233 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	34 000	0
Real Eastate	0	0	0
Machinery and Plant Facilities	7 000	12 000	0
Fixtures	368 000	452 000	331 000
Total Tangible Assets	374 000	464 000	331 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	374 000	497 000	331 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	179 000	124 000	355 000
Total Current Assets	967 000	226 000	544 000
Total Assets	1 342 000	723 000	874 000
Total Equity	340 000	100 000	263 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	252 000	368 000	361 000
Creditors	369 000	30 000	11 000
Unpaid Taxes	161 000	101 000	116 000
Dividends	0	0	0
Other Current Debt	180 000	125 000	69 000
Total Current Debt	751 000	255 000	250 000
Total Equity and Debt	1 342 000	723 000	874 000

Financial indicators	2022	2021	2020
Return on Equity	70,59 %	−163 %	88,59 %
Debt-to-Equity Ratio	0,74	3,68	1,37
Operating Profit Margin	7,04 %	−7,24 %	19,7 %
Current Ratio	1,29	0,89	2,18
Quick Ratio	1,29	0,89	2,18
Equity Ratio	0,25	0,14	0,3
Gross Profit Margin	75,56 %	76,15 %	97,46 %