TORCON AS

4044 HAFRSFJORD

Finances

Share Ownership

Return on Equity

23,32 %

Current Ratio

0,55

Debt-to-Equity Ratio

−1,29

Key figures (NOK)	2022	2021	2020	2019
Revenue	205 000	0	72 000	229 000
Net Income	−463 000	−245 000	−576 000	−323 000
Total Assets	581 000	734 000	857 000	909 000
Total Equity	−1 985 000	−1 522 000	−1 277 000	−701 000

Income (NOK)	2022	2021	2020	2019
Revenue	205 000	0	72 000	229 000
Expenditure	343 000	240 000	640 000	505 000
Operating Profit	−138 000	−240 000	−568 000	−276 000
Financial Income	8 000	5 000	9 000	4 000
Financial Costs	332 000	10 000	17 000	50 000
Financial Balance	−324 000	−5 000	−8 000	−46 000
Earnings Before Tax	−463 000	−245 000	−576 000	−323 000
Tax	0	0	0	0
Net Income	−463 000	−245 000	−576 000	−323 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	575 000	664 000	754 000	844 000
Total Current Assets	6 000	70 000	103 000	65 000
Total Assets	581 000	734 000	857 000	909 000
Total Retained Equity	−2 545 000	−2 082 000	−1 837 000	−1 261 000
Total Equity	−1 985 000	−1 522 000	−1 277 000	−701 000
Total Long-Term Debt	2 554 000	2 257 000	2 134 000	1 606 000
Total Current Debt	11 000	0	0	4 000
Total Equity and Debt	581 000	734 000	857 000	909 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	205 000	0	72 000	229 000
Other Income	0	0	0	0
Revenue	205 000	0	72 000	229 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	90 000	90 000	90 000	90 000
Impairment	0	0	0	0
Expenditure	343 000	240 000	640 000	505 000
Operating Profit	−138 000	−240 000	−568 000	−276 000
Financial Income	8 000	5 000	9 000	4 000
Financial Costs	332 000	10 000	17 000	50 000
Financial Balance	−324 000	−5 000	−8 000	−46 000
Dividends	0	0	0	0
Net Income	−463 000	−245 000	−576 000	−323 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	575 000	664 000	754 000	844 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	575 000	664 000	754 000	844 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	575 000	664 000	754 000	844 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	6 000	70 000	103 000	65 000
Total Current Assets	6 000	70 000	103 000	65 000
Total Assets	581 000	734 000	857 000	909 000
Total Equity	−1 985 000	−1 522 000	−1 277 000	−701 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 554 000	2 257 000	2 134 000	1 606 000
Creditors	11 000	0	0	4 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	0	0	0	0
Total Current Debt	11 000	0	0	4 000
Total Equity and Debt	581 000	734 000	857 000	909 000

Financial indicators	2022	2021	2020	2019
Return on Equity	23,32 %	16,1 %	45,11 %	46,08 %
Debt-to-Equity Ratio	−1,29	−1,48	−1,67	−2,29
Operating Profit Margin	−67,32 %	-	−788,89 %	−120,52 %
Current Ratio	0,55	-	-	16,25
Quick Ratio	0,55	-	-	16,25
Equity Ratio	−3,42	−2,07	−1,49	−0,77
Gross Profit Margin	100 %	-	100 %	100 %