TORSTVEDT AS

3484 HOLMSBU

Finances

Share Ownership

Return on Equity

21,36 %

Current Ratio

2,26

Debt-to-Equity Ratio

0,13

Key figures (NOK)	2022	2021	2020	2019
Revenue	91 532 000	84 069 000	82 727 000	66 481 000
Net Income	3 414 000	5 580 000	3 754 000	744 000
Total Assets	29 093 000	29 969 000	28 427 000	27 037 000
Total Equity	15 980 000	15 832 000	12 543 000	9 019 000

Income (NOK)	2022	2021	2020	2019
Revenue	91 532 000	84 069 000	82 727 000	66 481 000
Expenditure	87 028 000	76 781 000	77 856 000	65 406 000
Operating Profit	4 504 000	7 288 000	4 872 000	1 075 000
Financial Income	59 000	64 000	174 000	246 000
Financial Costs	159 000	180 000	223 000	347 000
Financial Balance	−100 000	−116 000	−49 000	−101 000
Earnings Before Tax	4 404 000	7 172 000	4 823 000	974 000
Tax	990 000	1 592 000	1 069 000	231 000
Net Income	3 414 000	5 580 000	3 754 000	744 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 995 000	4 164 000	4 006 000	5 699 000
Total Current Assets	25 098 000	25 804 000	24 421 000	21 338 000
Total Assets	29 093 000	29 969 000	28 427 000	27 037 000
Total Retained Equity	12 925 000	12 777 000	9 487 000	5 964 000
Total Equity	15 980 000	15 832 000	12 543 000	9 019 000
Total Long-Term Debt	2 031 000	2 413 000	6 988 000	11 234 000
Total Current Debt	11 082 000	11 723 000	8 897 000	6 784 000
Total Equity and Debt	29 093 000	29 969 000	28 427 000	27 037 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	91 527 000	84 065 000	82 639 000	66 416 000
Other Income	5 000	4 000	88 000	65 000
Revenue	91 532 000	84 069 000	82 727 000	66 481 000
Cost of Goods Sold	62 066 000	53 134 000	55 882 000	43 056 000
Salary Costs	15 829 000	14 887 000	13 632 000	13 149 000
Depreciation	1 320 000	1 174 000	1 155 000	1 098 000
Impairment	0	0	0	0
Expenditure	87 028 000	76 781 000	77 856 000	65 406 000
Operating Profit	4 504 000	7 288 000	4 872 000	1 075 000
Financial Income	59 000	64 000	174 000	246 000
Financial Costs	159 000	180 000	223 000	347 000
Financial Balance	−100 000	−116 000	−49 000	−101 000
Dividends	3 000 000	2 000 000	0	0
Net Income	3 414 000	5 580 000	3 754 000	744 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	431 000	373 000	275 000	533 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	460 000	653 000	939 000	712 000
Fixtures	2 989 000	3 024 000	2 680 000	3 359 000
Total Tangible Assets	3 448 000	3 677 000	3 619 000	4 071 000
Total Fiancial Fixed Assets	115 000	114 000	112 000	1 095 000
Total Fixed Assets	3 995 000	4 164 000	4 006 000	5 699 000
Stock	14 102 000	12 310 000	9 941 000	10 442 000
Total Investments	0	0	0	0
Cash, Bank	951 000	3 181 000	5 953 000	1 095 000
Total Current Assets	25 098 000	25 804 000	24 421 000	21 338 000
Total Assets	29 093 000	29 969 000	28 427 000	27 037 000
Total Equity	15 980 000	15 832 000	12 543 000	9 019 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 031 000	2 413 000	6 988 000	11 234 000
Creditors	2 538 000	3 411 000	4 409 000	2 990 000
Unpaid Taxes	1 991 000	2 110 000	1 403 000	1 450 000
Dividends	3 000 000	2 000 000	0	0
Other Current Debt	2 580 000	2 594 000	2 335 000	1 969 000
Total Current Debt	11 082 000	11 723 000	8 897 000	6 784 000
Total Equity and Debt	29 093 000	29 969 000	28 427 000	27 037 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,36 %	35,25 %	29,93 %	8,25 %
Debt-to-Equity Ratio	0,13	0,15	0,56	1,25
Operating Profit Margin	4,92 %	8,67 %	5,89 %	1,62 %
Current Ratio	2,26	2,2	2,74	3,15
Quick Ratio	−8,31	−43,96	−23,39	−5,83
Equity Ratio	0,55	0,53	0,44	0,33
Gross Profit Margin	32,19 %	36,8 %	32,45 %	35,24 %