Tores Mat A/S

1911 FLATEBY

Finances

Return on Equity

−3,23 %

Current Ratio

2,13

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	39 648 000	45 101 000	45 749 000	34 270 000
Net Income	−235 000	1 552 000	2 019 000	−326 000
Total Assets	11 198 000	11 210 000	11 995 000	10 248 000
Total Equity	7 267 000	7 502 000	5 950 000	3 930 000

Income (NOK)	2022	2021	2020	2019
Revenue	39 648 000	45 101 000	45 749 000	34 270 000
Expenditure	40 142 000	43 292 000	43 294 000	34 814 000
Operating Profit	−494 000	1 808 000	2 455 000	−543 000
Financial Income	156 000	151 000	116 000	105 000
Financial Costs	0	0	0	5 000
Financial Balance	156 000	151 000	116 000	100 000
Earnings Before Tax	−338 000	1 959 000	2 572 000	−444 000
Tax	−103 000	407 000	552 000	−117 000
Net Income	−235 000	1 552 000	2 019 000	−326 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 565 000	3 534 000	3 405 000	3 715 000
Total Current Assets	6 633 000	7 676 000	8 590 000	6 533 000
Total Assets	11 198 000	11 210 000	11 995 000	10 248 000
Total Retained Equity	6 767 000	7 002 000	5 450 000	3 430 000
Total Equity	7 267 000	7 502 000	5 950 000	3 930 000
Total Long-Term Debt	821 000	204 000	2 017 000	4 195 000
Total Current Debt	3 111 000	3 505 000	4 029 000	2 122 000
Total Equity and Debt	11 198 000	11 210 000	11 995 000	10 248 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	39 381 000	44 881 000	45 560 000	34 058 000
Other Income	267 000	220 000	189 000	212 000
Revenue	39 648 000	45 101 000	45 749 000	34 270 000
Cost of Goods Sold	28 924 000	32 720 000	33 265 000	25 159 000
Salary Costs	5 296 000	5 194 000	5 329 000	4 731 000
Depreciation	672 000	613 000	523 000	568 000
Impairment	0	0	0	0
Expenditure	40 142 000	43 292 000	43 294 000	34 814 000
Operating Profit	−494 000	1 808 000	2 455 000	−543 000
Financial Income	156 000	151 000	116 000	105 000
Financial Costs	0	0	0	5 000
Financial Balance	156 000	151 000	116 000	100 000
Dividends	0	0	0	0
Net Income	−235 000	1 552 000	2 019 000	−326 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	22 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	3 382 000	3 321 000	3 192 000	3 473 000
Total Tangible Assets	3 382 000	3 321 000	3 192 000	3 473 000
Total Fiancial Fixed Assets	1 183 000	213 000	213 000	220 000
Total Fixed Assets	4 565 000	3 534 000	3 405 000	3 715 000
Stock	1 904 000	2 068 000	2 099 000	1 972 000
Total Investments	0	0	0	0
Cash, Bank	2 811 000	2 970 000	3 850 000	2 873 000
Total Current Assets	6 633 000	7 676 000	8 590 000	6 533 000
Total Assets	11 198 000	11 210 000	11 995 000	10 248 000
Total Equity	7 267 000	7 502 000	5 950 000	3 930 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	821 000	204 000	2 017 000	4 195 000
Creditors	1 975 000	1 746 000	2 017 000	1 183 000
Unpaid Taxes	354 000	370 000	516 000	380 000
Dividends	0	0	0	0
Other Current Debt	782 000	969 000	1 119 000	558 000
Total Current Debt	3 111 000	3 505 000	4 029 000	2 122 000
Total Equity and Debt	11 198 000	11 210 000	11 995 000	10 248 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−3,23 %	20,69 %	33,93 %	−8,3 %
Debt-to-Equity Ratio	0,11	0,03	0,34	1,07
Operating Profit Margin	−1,25 %	4,01 %	5,37 %	−1,58 %
Current Ratio	2,13	2,19	2,13	3,08
Quick Ratio	5,5	5,34	4,45	43,55
Equity Ratio	0,65	0,67	0,5	0,38
Gross Profit Margin	27,05 %	27,45 %	27,29 %	26,59 %