TORVIK VASSVERK SA

6639 TORVIKBUKT

Finances

Share Ownership

Return on Equity

−5,46 %

Current Ratio

6,39

Debt-to-Equity Ratio

0,83

Key figures (NOK)	2022	2021	2020
Revenue	910 000	896 000	910 000
Net Income	−151 000	−139 000	75 000
Total Assets	5 234 000	6 942 000	3 514 000
Total Equity	2 768 000	2 894 000	3 008 000

Income (NOK)	2022	2021	2020
Revenue	910 000	896 000	910 000
Expenditure	999 000	1 023 000	827 000
Operating Profit	−90 000	−127 000	82 000
Financial Income	3 000	3 000	3 000
Financial Costs	64 000	14 000	10 000
Financial Balance	−61 000	−11 000	−7 000
Earnings Before Tax	−151 000	−139 000	75 000
Tax	0	0	0
Net Income	−151 000	−139 000	75 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	4 199 000	4 019 000	2 297 000
Total Current Assets	1 035 000	2 922 000	1 217 000
Total Assets	5 234 000	6 942 000	3 514 000
Total Retained Equity	−640 000	−488 000	−350 000
Total Equity	2 768 000	2 894 000	3 008 000
Total Long-Term Debt	2 304 000	2 400 000	385 000
Total Current Debt	162 000	1 648 000	122 000
Total Equity and Debt	5 234 000	6 942 000	3 514 000

Cash flow (NOK)	2022	2021	2020
Sales Income	910 000	896 000	908 000
Other Income	0	0	2 000
Revenue	910 000	896 000	910 000
Cost of Goods Sold	82 000	98 000	43 000
Salary Costs	282 000	363 000	277 000
Depreciation	193 000	190 000	187 000
Impairment	0	0	0
Expenditure	999 000	1 023 000	827 000
Operating Profit	−90 000	−127 000	82 000
Financial Income	3 000	3 000	3 000
Financial Costs	64 000	14 000	10 000
Financial Balance	−61 000	−11 000	−7 000
Dividends	0	0	0
Net Income	−151 000	−139 000	75 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	4 178 000	4 000 000	2 259 000
Machinery and Plant Facilities	22 000	17 000	34 000
Fixtures	0	2 000	4 000
Total Tangible Assets	4 199 000	4 019 000	2 297 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	4 199 000	4 019 000	2 297 000
Stock	29 000	81 000	65 000
Total Investments	0	0	0
Cash, Bank	873 000	2 430 000	1 068 000
Total Current Assets	1 035 000	2 922 000	1 217 000
Total Assets	5 234 000	6 942 000	3 514 000
Total Equity	2 768 000	2 894 000	3 008 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	2 304 000	2 400 000	385 000
Creditors	70 000	1 542 000	68 000
Unpaid Taxes	46 000	66 000	28 000
Dividends	0	0	0
Other Current Debt	46 000	40 000	26 000
Total Current Debt	162 000	1 648 000	122 000
Total Equity and Debt	5 234 000	6 942 000	3 514 000

Financial indicators	2022	2021	2020
Return on Equity	−5,46 %	−4,8 %	2,49 %
Debt-to-Equity Ratio	0,83	0,83	0,13
Operating Profit Margin	−9,89 %	−14,17 %	9,01 %
Current Ratio	6,39	1,77	9,98
Quick Ratio	7,78	1,86	21,35
Equity Ratio	0,53	0,42	0,86
Gross Profit Margin	90,99 %	89,06 %	95,27 %