TORE GLAD-ØRBAK AS

2413 ELVERUM

Finances

Return on Equity

4 200 %

Current Ratio

1,1

Debt-to-Equity Ratio

5,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 704 000	3 811 000	3 309 000	3 022 000
Net Income	1 260 000	1 377 000	1 146 000	815 000
Total Assets	1 913 000	2 090 000	1 735 000	1 315 000
Total Equity	30 000	30 000	74 000	57 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 704 000	3 811 000	3 309 000	3 022 000
Expenditure	1 693 000	2 054 000	1 816 000	1 975 000
Operating Profit	2 011 000	1 757 000	1 493 000	1 046 000
Financial Income	2 000	61 000	32 000	3 000
Financial Costs	311 000	50 000	51 000	1 000
Financial Balance	−309 000	11 000	−19 000	2 000
Earnings Before Tax	1 702 000	1 769 000	1 475 000	1 048 000
Tax	443 000	392 000	328 000	233 000
Net Income	1 260 000	1 377 000	1 146 000	815 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 000	276 000	315 000	16 000
Total Current Assets	1 905 000	1 815 000	1 419 000	1 299 000
Total Assets	1 913 000	2 090 000	1 735 000	1 315 000
Total Retained Equity	0	0	44 000	27 000
Total Equity	30 000	30 000	74 000	57 000
Total Long-Term Debt	151 000	6 000	9 000	13 000
Total Current Debt	1 732 000	2 055 000	1 652 000	1 246 000
Total Equity and Debt	1 913 000	2 090 000	1 735 000	1 315 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 869 000	3 755 000	3 304 000	717 000
Other Income	835 000	56 000	5 000	2 305 000
Revenue	3 704 000	3 811 000	3 309 000	3 022 000
Cost of Goods Sold	0	0	2 000	35 000
Salary Costs	1 229 000	1 280 000	1 152 000	1 369 000
Depreciation	0	13 000	13 000	9 000
Impairment	0	0	0	0
Expenditure	1 693 000	2 054 000	1 816 000	1 975 000
Operating Profit	2 011 000	1 757 000	1 493 000	1 046 000
Financial Income	2 000	61 000	32 000	3 000
Financial Costs	311 000	50 000	51 000	1 000
Financial Balance	−309 000	11 000	−19 000	2 000
Dividends	1 260 000	1 420 000	1 129 000	800 000
Net Income	1 260 000	1 377 000	1 146 000	815 000

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	0	15 000	27 000	16 000
Total Tangible Assets	0	15 000	27 000	16 000
Total Fiancial Fixed Assets	8 000	261 000	288 000	0
Total Fixed Assets	8 000	276 000	315 000	16 000
Stock	0	0	0	0
Total Investments	392 000	302 000	0	300 000
Cash, Bank	1 489 000	1 503 000	1 362 000	956 000
Total Current Assets	1 905 000	1 815 000	1 419 000	1 299 000
Total Assets	1 913 000	2 090 000	1 735 000	1 315 000
Total Equity	30 000	30 000	74 000	57 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	151 000	6 000	9 000	13 000
Creditors	0	7 000	5 000	0
Unpaid Taxes	79 000	97 000	76 000	83 000
Dividends	1 260 000	1 420 000	1 129 000	800 000
Other Current Debt	95 000	957 000	110 000	126 000
Total Current Debt	1 732 000	2 055 000	1 652 000	1 246 000
Total Equity and Debt	1 913 000	2 090 000	1 735 000	1 315 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4 200 %	4 590 %	1 548,65 %	1 429,82 %
Debt-to-Equity Ratio	5,03	0,2	0,12	0,23
Operating Profit Margin	54,29 %	46,1 %	45,12 %	34,61 %
Current Ratio	1,1	0,88	0,86	1,04
Quick Ratio	1,1	0,88	0,86	1,04
Equity Ratio	0,02	0,01	0,04	0,04
Gross Profit Margin	100 %	100 %	99,94 %	98,84 %