TORSVIK ELEKTRO AS

5337 RONG

Finances

Return on Equity

−10,99 %

Current Ratio

2,1

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	48 306 000	51 258 000	48 780 000	48 082 000
Net Income	−1 438 000	1 504 000	243 000	2 225 000
Total Assets	22 877 000	25 357 000	22 727 000	24 227 000
Total Equity	13 079 000	14 518 000	14 014 000	13 770 000

Income (NOK)	2022	2021	2020	2019
Revenue	48 306 000	51 258 000	48 780 000	48 082 000
Expenditure	50 010 000	49 443 000	48 528 000	45 344 000
Operating Profit	−1 703 000	1 815 000	252 000	2 739 000
Financial Income	26 000	121 000	57 000	125 000
Financial Costs	17 000	3 000	3 000	8 000
Financial Balance	9 000	118 000	54 000	117 000
Earnings Before Tax	−1 694 000	1 933 000	306 000	2 856 000
Tax	−255 000	429 000	62 000	631 000
Net Income	−1 438 000	1 504 000	243 000	2 225 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 298 000	2 703 000	2 578 000	2 086 000
Total Current Assets	20 579 000	22 654 000	20 149 000	22 141 000
Total Assets	22 877 000	25 357 000	22 727 000	24 227 000
Total Retained Equity	9 383 000	10 822 000	10 318 000	10 074 000
Total Equity	13 079 000	14 518 000	14 014 000	13 770 000
Total Long-Term Debt	0	353 000	113 000	0
Total Current Debt	9 798 000	10 486 000	8 600 000	10 456 000
Total Equity and Debt	22 877 000	25 357 000	22 727 000	24 227 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	48 287 000	51 238 000	48 757 000	48 002 000
Other Income	19 000	20 000	23 000	80 000
Revenue	48 306 000	51 258 000	48 780 000	48 082 000
Cost of Goods Sold	20 766 000	20 100 000	19 677 000	17 004 000
Salary Costs	24 261 000	24 443 000	24 063 000	23 796 000
Depreciation	772 000	723 000	725 000	664 000
Impairment	0	0	0	0
Expenditure	50 010 000	49 443 000	48 528 000	45 344 000
Operating Profit	−1 703 000	1 815 000	252 000	2 739 000
Financial Income	26 000	121 000	57 000	125 000
Financial Costs	17 000	3 000	3 000	8 000
Financial Balance	9 000	118 000	54 000	117 000
Dividends	0	1 000 000	0	2 225 000
Net Income	−1 438 000	1 504 000	243 000	2 225 000

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	0
Fixtures	2 154 000	2 547 000	2 422 000	1 930 000
Total Tangible Assets	2 154 000	2 547 000	2 422 000	1 930 000
Total Fiancial Fixed Assets	144 000	156 000	156 000	156 000
Total Fixed Assets	2 298 000	2 703 000	2 578 000	2 086 000
Stock	3 141 000	2 700 000	2 567 000	2 018 000
Total Investments	0	0	0	0
Cash, Bank	5 403 000	8 150 000	9 308 000	10 460 000
Total Current Assets	20 579 000	22 654 000	20 149 000	22 141 000
Total Assets	22 877 000	25 357 000	22 727 000	24 227 000
Total Equity	13 079 000	14 518 000	14 014 000	13 770 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	353 000	113 000	0
Creditors	2 172 000	3 546 000	1 705 000	1 563 000
Unpaid Taxes	2 474 000	2 803 000	2 654 000	2 748 000
Dividends	0	1 000 000	0	2 225 000
Other Current Debt	5 054 000	2 947 000	4 241 000	3 290 000
Total Current Debt	9 798 000	10 486 000	8 600 000	10 456 000
Total Equity and Debt	22 877 000	25 357 000	22 727 000	24 227 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−10,99 %	10,36 %	1,73 %	16,16 %
Debt-to-Equity Ratio	0	0,02	0,01	0
Operating Profit Margin	−3,53 %	3,54 %	0,52 %	5,7 %
Current Ratio	2,1	2,16	2,34	2,12
Quick Ratio	3,09	2,91	3,34	2,62
Equity Ratio	0,57	0,57	0,62	0,57
Gross Profit Margin	57,01 %	60,79 %	59,66 %	64,64 %