TORVET 8 AS

3262 LARVIK

Finances

Return on Equity

−6,9 %

Current Ratio

2,86

Debt-to-Equity Ratio

1,62

Key figures (NOK)	2022	2021	2020	2019
Revenue	327 000	131 000	661 000	59 000
Net Income	−164 000	−268 000	211 000	−6 000
Total Assets	6 349 000	6 429 000	6 877 000	943 000
Total Equity	2 377 000	2 542 000	2 809 000	870 000

Income (NOK)	2022	2021	2020	2019
Revenue	327 000	131 000	661 000	59 000
Expenditure	449 000	422 000	439 000	82 000
Operating Profit	−122 000	−292 000	221 000	−22 000
Financial Income	26 000	31 000	39 000	17 000
Financial Costs	69 000	55 000	49 000	1 000
Financial Balance	−43 000	−24 000	−10 000	16 000
Earnings Before Tax	−164 000	−316 000	211 000	−6 000
Tax	0	−48 000	0	0
Net Income	−164 000	−268 000	211 000	−6 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 026 000	6 166 000	6 302 000	664 000
Total Current Assets	323 000	263 000	575 000	280 000
Total Assets	6 349 000	6 429 000	6 877 000	943 000
Total Retained Equity	1 507 000	1 671 000	2 709 000	0
Total Equity	2 377 000	2 542 000	2 809 000	870 000
Total Long-Term Debt	3 858 000	3 803 000	3 926 000	35 000
Total Current Debt	113 000	84 000	142 000	38 000
Total Equity and Debt	6 349 000	6 429 000	6 877 000	943 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	27 000	0	0	0
Other Income	300 000	131 000	661 000	59 000
Revenue	327 000	131 000	661 000	59 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	162 000	162 000	162 000	20 000
Impairment	0	0	0	0
Expenditure	449 000	422 000	439 000	82 000
Operating Profit	−122 000	−292 000	221 000	−22 000
Financial Income	26 000	31 000	39 000	17 000
Financial Costs	69 000	55 000	49 000	1 000
Financial Balance	−43 000	−24 000	−10 000	16 000
Dividends	0	0	0	0
Net Income	−164 000	−268 000	211 000	−6 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	5 893 000	6 055 000	6 217 000	596 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	5 893 000	6 055 000	6 217 000	596 000
Total Fiancial Fixed Assets	132 000	111 000	85 000	68 000
Total Fixed Assets	6 026 000	6 166 000	6 302 000	664 000
Stock	0	0	0	0
Total Investments	0	0	0	52 000
Cash, Bank	206 000	261 000	574 000	226 000
Total Current Assets	323 000	263 000	575 000	280 000
Total Assets	6 349 000	6 429 000	6 877 000	943 000
Total Equity	2 377 000	2 542 000	2 809 000	870 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 858 000	3 803 000	3 926 000	35 000
Creditors	37 000	29 000	19 000	37 000
Unpaid Taxes	0	0	96 000	0
Dividends	0	0	0	0
Other Current Debt	76 000	55 000	27 000	1 000
Total Current Debt	113 000	84 000	142 000	38 000
Total Equity and Debt	6 349 000	6 429 000	6 877 000	943 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−6,9 %	−10,54 %	7,51 %	−0,69 %
Debt-to-Equity Ratio	1,62	1,5	1,4	0,04
Operating Profit Margin	−37,31 %	−222,9 %	33,43 %	−37,29 %
Current Ratio	2,86	3,13	4,05	7,37
Quick Ratio	2,86	3,13	4,05	7,37
Equity Ratio	0,37	0,4	0,41	0,92
Gross Profit Margin	100 %	100 %	100 %	100 %