TORE OLSEN PRODUKSJON AS

4909 SONGE

Finances

Share Ownership

Return on Equity

−29,43 %

Current Ratio

3,43

Debt-to-Equity Ratio

3,53

Key figures (NOK)	2022	2021	2020	2019
Revenue	42 261 000	38 740 000	36 777 000	44 416 000
Net Income	−1 948 000	−822 000	570 000	187 000
Total Assets	39 185 000	34 135 000	31 606 000	32 919 000
Total Equity	6 619 000	7 398 000	7 474 000	6 632 000

Income (NOK)	2022	2021	2020	2019
Revenue	42 261 000	38 740 000	36 777 000	44 416 000
Expenditure	44 570 000	39 411 000	35 514 000	43 694 000
Operating Profit	−2 309 000	−672 000	1 263 000	722 000
Financial Income	14 000	8 000	28 000	49 000
Financial Costs	202 000	389 000	560 000	531 000
Financial Balance	−188 000	−381 000	−532 000	−482 000
Earnings Before Tax	−2 497 000	−1 053 000	731 000	240 000
Tax	−549 000	−231 000	161 000	53 000
Net Income	−1 948 000	−822 000	570 000	187 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	7 735 000	9 654 000	6 676 000	6 214 000
Total Current Assets	31 450 000	24 481 000	24 930 000	26 705 000
Total Assets	39 185 000	34 135 000	31 606 000	32 919 000
Total Retained Equity	1 423 000	2 202 000	2 278 000	1 436 000
Total Equity	6 619 000	7 398 000	7 474 000	6 632 000
Total Long-Term Debt	23 384 000	21 391 000	19 729 000	18 469 000
Total Current Debt	9 182 000	5 346 000	4 403 000	7 817 000
Total Equity and Debt	39 185 000	34 135 000	31 606 000	32 919 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	41 847 000	37 597 000	36 140 000	43 929 000
Other Income	413 000	1 143 000	637 000	487 000
Revenue	42 261 000	38 740 000	36 777 000	44 416 000
Cost of Goods Sold	23 571 000	20 854 000	15 683 000	18 278 000
Salary Costs	15 499 000	14 291 000	16 827 000	18 107 000
Depreciation	1 825 000	1 630 000	1 705 000	1 526 000
Impairment	308 000	0	0	0
Expenditure	44 570 000	39 411 000	35 514 000	43 694 000
Operating Profit	−2 309 000	−672 000	1 263 000	722 000
Financial Income	14 000	8 000	28 000	49 000
Financial Costs	202 000	389 000	560 000	531 000
Financial Balance	−188 000	−381 000	−532 000	−482 000
Dividends	0	0	0	0
Net Income	−1 948 000	−822 000	570 000	187 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	103 000	0	65 000	450 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	7 632 000	9 654 000	6 611 000	5 763 000
Fixtures	0	0	0	0
Total Tangible Assets	7 632 000	9 654 000	6 611 000	5 763 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	7 735 000	9 654 000	6 676 000	6 214 000
Stock	24 932 000	15 747 000	18 319 000	17 093 000
Total Investments	0	0	0	0
Cash, Bank	1 135 000	731 000	1 936 000	1 859 000
Total Current Assets	31 450 000	24 481 000	24 930 000	26 705 000
Total Assets	39 185 000	34 135 000	31 606 000	32 919 000
Total Equity	6 619 000	7 398 000	7 474 000	6 632 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	23 384 000	21 391 000	19 729 000	18 469 000
Creditors	4 784 000	1 142 000	481 000	2 120 000
Unpaid Taxes	1 661 000	1 782 000	1 670 000	2 809 000
Dividends	0	0	0	0
Other Current Debt	2 736 000	2 422 000	2 251 000	2 889 000
Total Current Debt	9 182 000	5 346 000	4 403 000	7 817 000
Total Equity and Debt	39 185 000	34 135 000	31 606 000	32 919 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−29,43 %	−11,11 %	7,63 %	2,82 %
Debt-to-Equity Ratio	3,53	2,89	2,64	2,78
Operating Profit Margin	−5,46 %	−1,73 %	3,43 %	1,63 %
Current Ratio	3,43	4,58	5,66	3,42
Quick Ratio	−2	−2,35	−1,79	−2,88
Equity Ratio	0,17	0,22	0,24	0,2
Gross Profit Margin	44,23 %	46,17 %	57,36 %	58,85 %