TORSTEINSEN DESIGN AS

1353 BÆRUMS VERK

Finances

Share Ownership

Return on Equity

21,23 %

Current Ratio

4,29

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 325 000	3 262 000	2 245 000	2 676 000
Net Income	457 000	−17 000	254 000	113 000
Total Assets	2 793 000	2 345 000	2 092 000	1 859 000
Total Equity	2 153 000	1 695 000	1 712 000	1 459 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 325 000	3 262 000	2 245 000	2 676 000
Expenditure	2 747 000	3 280 000	1 921 000	2 533 000
Operating Profit	578 000	−19 000	324 000	143 000
Financial Income	10 000	6 000	6 000	7 000
Financial Costs	1 000	4 000	1 000	2 000
Financial Balance	9 000	2 000	5 000	5 000
Earnings Before Tax	586 000	−17 000	329 000	148 000
Tax	129 000	0	75 000	34 000
Net Income	457 000	−17 000	254 000	113 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	44 000	58 000	86 000	193 000
Total Current Assets	2 750 000	2 287 000	2 006 000	1 666 000
Total Assets	2 793 000	2 345 000	2 092 000	1 859 000
Total Retained Equity	2 053 000	1 595 000	1 612 000	1 359 000
Total Equity	2 153 000	1 695 000	1 712 000	1 459 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	641 000	650 000	380 000	400 000
Total Equity and Debt	2 793 000	2 345 000	2 092 000	1 859 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 934 000	3 059 000	2 245 000	2 676 000
Other Income	391 000	204 000	0	0
Revenue	3 325 000	3 262 000	2 245 000	2 676 000
Cost of Goods Sold	182 000	625 000	318 000	217 000
Salary Costs	2 176 000	2 252 000	1 259 000	1 957 000
Depreciation	22 000	27 000	32 000	29 000
Impairment	0	0	0	0
Expenditure	2 747 000	3 280 000	1 921 000	2 533 000
Operating Profit	578 000	−19 000	324 000	143 000
Financial Income	10 000	6 000	6 000	7 000
Financial Costs	1 000	4 000	1 000	2 000
Financial Balance	9 000	2 000	5 000	5 000
Dividends	0	0	0	0
Net Income	457 000	−17 000	254 000	113 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	13 000	50 000	50 000	125 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	3 000	0	0
Fixtures	30 000	5 000	36 000	68 000
Total Tangible Assets	30 000	9 000	36 000	68 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	44 000	58 000	86 000	193 000
Stock	255 000	0	0	0
Total Investments	0	0	0	0
Cash, Bank	1 781 000	1 782 000	1 642 000	1 454 000
Total Current Assets	2 750 000	2 287 000	2 006 000	1 666 000
Total Assets	2 793 000	2 345 000	2 092 000	1 859 000
Total Equity	2 153 000	1 695 000	1 712 000	1 459 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	25 000	62 000	3 000	−18 000
Unpaid Taxes	318 000	379 000	272 000	248 000
Dividends	0	0	0	0
Other Current Debt	204 000	209 000	105 000	170 000
Total Current Debt	641 000	650 000	380 000	400 000
Total Equity and Debt	2 793 000	2 345 000	2 092 000	1 859 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,23 %	−1 %	14,84 %	7,75 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	17,38 %	−0,58 %	14,43 %	5,34 %
Current Ratio	4,29	3,52	5,28	4,17
Quick Ratio	7,12	3,52	5,28	4,17
Equity Ratio	0,77	0,72	0,82	0,78
Gross Profit Margin	94,53 %	80,84 %	85,84 %	91,89 %