TORVAL AS

0184 OSLO

Finances

Return on Equity

−88,88 %

Current Ratio

0,84

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	105 850 000	74 327 000	53 377 000	98 040 000
Net Income	−11 722 000	−26 521 000	−23 971 000	−16 016 000
Total Assets	63 442 000	50 239 000	46 453 000	48 335 000
Total Equity	13 189 000	10 871 000	10 793 000	14 211 000

Income (NOK)	2022	2021	2020	2019
Revenue	105 850 000	74 327 000	53 377 000	98 040 000
Expenditure	119 665 000	108 022 000	83 741 000	118 040 000
Operating Profit	−13 815 000	−33 694 000	−30 363 000	−19 999 000
Financial Income	160 000	18 000	27 000	49 000
Financial Costs	1 358 000	323 000	386 000	559 000
Financial Balance	−1 198 000	−305 000	−359 000	−510 000
Earnings Before Tax	−15 013 000	−33 999 000	−30 721 000	−20 509 000
Tax	−3 291 000	−7 479 000	−6 751 000	−4 493 000
Net Income	−11 722 000	−26 521 000	−23 971 000	−16 016 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	21 424 000	8 758 000	14 806 000	18 644 000
Total Current Assets	42 018 000	41 482 000	31 647 000	29 691 000
Total Assets	63 442 000	50 239 000	46 453 000	48 335 000
Total Retained Equity	0	0	0	0
Total Equity	13 189 000	10 871 000	10 793 000	14 211 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	50 253 000	39 369 000	35 660 000	34 124 000
Total Equity and Debt	63 442 000	50 239 000	46 453 000	48 335 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	94 563 000	66 156 000	45 639 000	88 044 000
Other Income	11 287 000	8 171 000	7 739 000	9 997 000
Revenue	105 850 000	74 327 000	53 377 000	98 040 000
Cost of Goods Sold	12 312 000	6 767 000	5 623 000	12 446 000
Salary Costs	30 222 000	20 244 000	19 364 000	30 730 000
Depreciation	3 208 000	5 174 000	5 083 000	5 260 000
Impairment	0	0	0	0
Expenditure	119 665 000	108 022 000	83 741 000	118 040 000
Operating Profit	−13 815 000	−33 694 000	−30 363 000	−19 999 000
Financial Income	160 000	18 000	27 000	49 000
Financial Costs	1 358 000	323 000	386 000	559 000
Financial Balance	−1 198 000	−305 000	−359 000	−510 000
Dividends	0	0	0	0
Net Income	−11 722 000	−26 521 000	−23 971 000	−16 016 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	1 045 000	1 692 000	1 302 000	1 042 000
Real Eastate	2 061 000	1 318 000	0	2 129 000
Machinery and Plant Facilities	0	682 000	0	0
Fixtures	18 299 000	5 046 000	13 486 000	15 454 000
Total Tangible Assets	20 360 000	7 047 000	13 486 000	17 583 000
Total Fiancial Fixed Assets	19 000	19 000	19 000	19 000
Total Fixed Assets	21 424 000	8 758 000	14 806 000	18 644 000
Stock	1 377 000	1 092 000	1 056 000	1 232 000
Total Investments	0	0	0	0
Cash, Bank	56 000	56 000	56 000	56 000
Total Current Assets	42 018 000	41 482 000	31 647 000	29 691 000
Total Assets	63 442 000	50 239 000	46 453 000	48 335 000
Total Equity	13 189 000	10 871 000	10 793 000	14 211 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 714 000	14 996 000	1 414 000	4 272 000
Unpaid Taxes	4 956 000	1 507 000	1 045 000	1 903 000
Dividends	0	0	0	0
Other Current Debt	40 515 000	22 405 000	33 201 000	27 489 000
Total Current Debt	50 253 000	39 369 000	35 660 000	34 124 000
Total Equity and Debt	63 442 000	50 239 000	46 453 000	48 335 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−88,88 %	−243,96 %	−222,1 %	−112,7 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−13,05 %	−45,33 %	−56,88 %	−20,4 %
Current Ratio	0,84	1,05	0,89	0,87
Quick Ratio	0,86	1,08	0,91	0,9
Equity Ratio	0,21	0,22	0,23	0,29
Gross Profit Margin	88,37 %	90,9 %	89,47 %	87,31 %