TORVET 2 AS

9405 HARSTAD

Finances

Return on Equity

13,07 %

Current Ratio

12,66

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 026 000	1 344 000	1 055 000	1 446 000
Net Income	239 000	609 000	351 000	239 000
Total Assets	1 961 000	2 768 000	2 086 000	1 761 000
Total Equity	1 828 000	2 589 000	1 979 000	1 628 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 026 000	1 344 000	1 055 000	1 446 000
Expenditure	688 000	563 000	605 000	1 076 000
Operating Profit	338 000	780 000	451 000	370 000
Financial Income	7 000	7 000	8 000	2 000
Financial Costs	1 000	0	0	0
Financial Balance	6 000	7 000	8 000	2 000
Earnings Before Tax	344 000	787 000	458 000	371 000
Tax	105 000	178 000	107 000	133 000
Net Income	239 000	609 000	351 000	239 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	277 000	447 000	618 000	805 000
Total Current Assets	1 684 000	2 321 000	1 469 000	955 000
Total Assets	1 961 000	2 768 000	2 086 000	1 761 000
Total Retained Equity	848 000	1 609 000	999 000	648 000
Total Equity	1 828 000	2 589 000	1 979 000	1 628 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	133 000	180 000	107 000	133 000
Total Equity and Debt	1 961 000	2 768 000	2 086 000	1 761 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	1 026 000	1 344 000	1 055 000	1 446 000
Revenue	1 026 000	1 344 000	1 055 000	1 446 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	170 000	170 000	188 000	403 000
Impairment	0	0	0	0
Expenditure	688 000	563 000	605 000	1 076 000
Operating Profit	338 000	780 000	451 000	370 000
Financial Income	7 000	7 000	8 000	2 000
Financial Costs	1 000	0	0	0
Financial Balance	6 000	7 000	8 000	2 000
Dividends	1 000 000	0	0	2 000 000
Net Income	239 000	609 000	351 000	239 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	262 000	432 000	603 000	790 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	262 000	432 000	603 000	790 000
Total Fiancial Fixed Assets	15 000	15 000	15 000	15 000
Total Fixed Assets	277 000	447 000	618 000	805 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 473 000	2 057 000	1 427 000	913 000
Total Current Assets	1 684 000	2 321 000	1 469 000	955 000
Total Assets	1 961 000	2 768 000	2 086 000	1 761 000
Total Equity	1 828 000	2 589 000	1 979 000	1 628 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	0	2 000	0	0
Unpaid Taxes	0	0	0	0
Dividends	1 000 000	0	0	2 000 000
Other Current Debt	28 000	0	0	0
Total Current Debt	133 000	180 000	107 000	133 000
Total Equity and Debt	1 961 000	2 768 000	2 086 000	1 761 000

Financial indicators	2022	2021	2020	2019
Return on Equity	13,07 %	23,52 %	17,74 %	14,68 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	32,94 %	58,04 %	42,75 %	25,59 %
Current Ratio	12,66	12,89	13,73	7,18
Quick Ratio	12,66	12,89	13,73	7,18
Equity Ratio	0,93	0,94	0,95	0,92
Gross Profit Margin	100 %	100 %	100 %	100 %