TOR ERLING ANDERSEN AS

3267 LARVIK

Finances

Share Ownership

Return on Equity

26,73 %

Current Ratio

2,07

Debt-to-Equity Ratio

0,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 921 000	15 082 000	15 565 000	10 741 000
Net Income	1 107 000	2 683 000	1 999 000	471 000
Total Assets	7 591 000	7 449 000	6 015 000	3 989 000
Total Equity	4 141 000	3 786 000	1 103 000	−896 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 921 000	15 082 000	15 565 000	10 741 000
Expenditure	11 864 000	12 289 000	13 414 000	9 988 000
Operating Profit	1 058 000	2 794 000	2 152 000	754 000
Financial Income	344 000	7 000	7 000	0
Financial Costs	83 000	117 000	159 000	283 000
Financial Balance	261 000	−110 000	−152 000	−283 000
Earnings Before Tax	1 319 000	2 683 000	1 999 000	471 000
Tax	212 000	0	0	0
Net Income	1 107 000	2 683 000	1 999 000	471 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 143 000	1 081 000	1 235 000	412 000
Total Current Assets	6 448 000	6 367 000	4 779 000	3 578 000
Total Assets	7 591 000	7 449 000	6 015 000	3 989 000
Total Retained Equity	4 041 000	3 686 000	1 003 000	−996 000
Total Equity	4 141 000	3 786 000	1 103 000	−896 000
Total Long-Term Debt	332 000	645 000	816 000	620 000
Total Current Debt	3 118 000	3 017 000	4 095 000	4 265 000
Total Equity and Debt	7 591 000	7 449 000	6 015 000	3 989 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 921 000	15 082 000	15 565 000	10 741 000
Other Income	0	0	0	0
Revenue	12 921 000	15 082 000	15 565 000	10 741 000
Cost of Goods Sold	4 694 000	6 207 000	7 932 000	4 737 000
Salary Costs	4 550 000	3 935 000	3 700 000	3 454 000
Depreciation	198 000	182 000	223 000	277 000
Impairment	0	0	0	0
Expenditure	11 864 000	12 289 000	13 414 000	9 988 000
Operating Profit	1 058 000	2 794 000	2 152 000	754 000
Financial Income	344 000	7 000	7 000	0
Financial Costs	83 000	117 000	159 000	283 000
Financial Balance	261 000	−110 000	−152 000	−283 000
Dividends	0	0	0	0
Net Income	1 107 000	2 683 000	1 999 000	471 000

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	764 000	902 000	1 011 000	0
Fixtures	359 000	11 000	55 000	243 000
Total Tangible Assets	1 123 000	912 000	1 066 000	243 000
Total Fiancial Fixed Assets	20 000	169 000	169 000	169 000
Total Fixed Assets	1 143 000	1 081 000	1 235 000	412 000
Stock	3 123 000	2 675 000	2 443 000	2 469 000
Total Investments	0	0	0	0
Cash, Bank	297 000	149 000	133 000	79 000
Total Current Assets	6 448 000	6 367 000	4 779 000	3 578 000
Total Assets	7 591 000	7 449 000	6 015 000	3 989 000
Total Equity	4 141 000	3 786 000	1 103 000	−896 000
Short-Term Group Debt	1 061 000	79 000	361 000	243 000
Total Long-Term Debt	332 000	645 000	816 000	620 000
Creditors	814 000	957 000	872 000	1 446 000
Unpaid Taxes	604 000	741 000	728 000	553 000
Dividends	0	0	0	0
Other Current Debt	640 000	539 000	621 000	494 000
Total Current Debt	3 118 000	3 017 000	4 095 000	4 265 000
Total Equity and Debt	7 591 000	7 449 000	6 015 000	3 989 000

Financial indicators	2022	2021	2020	2019
Return on Equity	26,73 %	70,87 %	181,23 %	−52,57 %
Debt-to-Equity Ratio	0,08	0,17	0,74	−0,69
Operating Profit Margin	8,19 %	18,53 %	13,83 %	7,02 %
Current Ratio	2,07	2,11	1,17	0,84
Quick Ratio	−1 289,6	18,62	2,89	1,99
Equity Ratio	0,55	0,51	0,18	−0,22
Gross Profit Margin	63,67 %	58,84 %	49,04 %	55,9 %