TØRSET BIL AS

6600 SUNNDALSØRA

Finances

Return on Equity

6,64 %

Current Ratio

3,08

Debt-to-Equity Ratio

0,33

Key figures (NOK)	2022	2021	2020	2019
Revenue	29 484 000	39 845 000	30 213 000	33 948 000
Net Income	394 000	621 000	768 000	701 000
Total Assets	10 676 000	10 933 000	9 749 000	9 751 000
Total Equity	5 934 000	5 541 000	5 219 000	4 452 000

Income (NOK)	2022	2021	2020	2019
Revenue	29 484 000	39 845 000	30 213 000	33 948 000
Expenditure	28 807 000	38 941 000	29 088 000	32 886 000
Operating Profit	678 000	904 000	1 125 000	1 062 000
Financial Income	9 000	2 000	5 000	11 000
Financial Costs	174 000	101 000	137 000	166 000
Financial Balance	−165 000	−99 000	−132 000	−155 000
Earnings Before Tax	512 000	805 000	994 000	907 000
Tax	119 000	184 000	226 000	207 000
Net Income	394 000	621 000	768 000	701 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 062 000	3 672 000	2 704 000	1 905 000
Total Current Assets	8 615 000	7 260 000	7 045 000	7 845 000
Total Assets	10 676 000	10 933 000	9 749 000	9 751 000
Total Retained Equity	5 612 000	5 219 000	4 897 000	4 129 000
Total Equity	5 934 000	5 541 000	5 219 000	4 452 000
Total Long-Term Debt	1 948 000	3 510 000	2 631 000	3 386 000
Total Current Debt	2 795 000	1 882 000	1 899 000	1 912 000
Total Equity and Debt	10 676 000	10 933 000	9 749 000	9 751 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	28 995 000	39 314 000	29 707 000	33 366 000
Other Income	488 000	531 000	507 000	581 000
Revenue	29 484 000	39 845 000	30 213 000	33 948 000
Cost of Goods Sold	19 217 000	29 291 000	20 783 000	24 120 000
Salary Costs	5 707 000	5 485 000	4 804 000	5 182 000
Depreciation	474 000	499 000	370 000	315 000
Impairment	0	0	0	0
Expenditure	28 807 000	38 941 000	29 088 000	32 886 000
Operating Profit	678 000	904 000	1 125 000	1 062 000
Financial Income	9 000	2 000	5 000	11 000
Financial Costs	174 000	101 000	137 000	166 000
Financial Balance	−165 000	−99 000	−132 000	−155 000
Dividends	0	0	0	0
Net Income	394 000	621 000	768 000	701 000

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	255 000	275 000	294 000	0
Fixtures	1 782 000	3 373 000	2 385 000	1 880 000
Total Tangible Assets	2 037 000	3 647 000	2 679 000	1 880 000
Total Fiancial Fixed Assets	25 000	25 000	25 000	25 000
Total Fixed Assets	2 062 000	3 672 000	2 704 000	1 905 000
Stock	7 395 000	5 660 000	5 803 000	6 492 000
Total Investments	0	0	0	0
Cash, Bank	302 000	757 000	434 000	214 000
Total Current Assets	8 615 000	7 260 000	7 045 000	7 845 000
Total Assets	10 676 000	10 933 000	9 749 000	9 751 000
Total Equity	5 934 000	5 541 000	5 219 000	4 452 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 948 000	3 510 000	2 631 000	3 386 000
Creditors	1 227 000	714 000	788 000	773 000
Unpaid Taxes	862 000	430 000	449 000	428 000
Dividends	0	0	0	0
Other Current Debt	580 000	579 000	502 000	544 000
Total Current Debt	2 795 000	1 882 000	1 899 000	1 912 000
Total Equity and Debt	10 676 000	10 933 000	9 749 000	9 751 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,64 %	11,21 %	14,72 %	15,75 %
Debt-to-Equity Ratio	0,33	0,63	0,5	0,76
Operating Profit Margin	2,3 %	2,27 %	3,72 %	3,13 %
Current Ratio	3,08	3,86	3,71	4,1
Quick Ratio	−1,87	−1,92	−1,8	−1,71
Equity Ratio	0,56	0,51	0,54	0,46
Gross Profit Margin	34,82 %	26,49 %	31,21 %	28,95 %