TORVGATA 7 AS

4836 ARENDAL

Finances

Share Ownership

Return on Equity

−43,89 %

Current Ratio

0,06

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	593 000	330 000	237 000	564 000
Net Income	−291 000	21 000	−156 000	325 000
Total Assets	2 220 000	2 554 000	2 440 000	3 161 000
Total Equity	663 000	954 000	933 000	3 061 000

Income (NOK)	2022	2021	2020	2019
Revenue	593 000	330 000	237 000	564 000
Expenditure	883 000	291 000	442 000	153 000
Operating Profit	−290 000	39 000	−205 000	410 000
Financial Income	0	0	5 000	5 000
Financial Costs	1 000	12 000	0	0
Financial Balance	−1 000	−12 000	5 000	5 000
Earnings Before Tax	−291 000	28 000	−200 000	415 000
Tax	0	6 000	−44 000	90 000
Net Income	−291 000	21 000	−156 000	325 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 130 000	2 215 000	1 410 000	1 255 000
Total Current Assets	90 000	339 000	1 030 000	1 906 000
Total Assets	2 220 000	2 554 000	2 440 000	3 161 000
Total Retained Equity	563 000	854 000	833 000	2 961 000
Total Equity	663 000	954 000	933 000	3 061 000
Total Long-Term Debt	0	0	4 000	3 000
Total Current Debt	1 557 000	1 600 000	1 503 000	97 000
Total Equity and Debt	2 220 000	2 554 000	2 440 000	3 161 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	41 000	564 000
Other Income	593 000	330 000	196 000	0
Revenue	593 000	330 000	237 000	564 000
Cost of Goods Sold	37 000	0	0	0
Salary Costs	0	0	0	0
Depreciation	85 000	85 000	46 000	44 000
Impairment	0	0	0	0
Expenditure	883 000	291 000	442 000	153 000
Operating Profit	−290 000	39 000	−205 000	410 000
Financial Income	0	0	5 000	5 000
Financial Costs	1 000	12 000	0	0
Financial Balance	−1 000	−12 000	5 000	5 000
Dividends	0	0	1 972 000	0
Net Income	−291 000	21 000	−156 000	325 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 923 000	1 997 000	1 211 000	1 255 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	56 000	68 000	50 000	0
Total Tangible Assets	1 980 000	2 065 000	1 260 000	1 255 000
Total Fiancial Fixed Assets	150 000	150 000	150 000	0
Total Fixed Assets	2 130 000	2 215 000	1 410 000	1 255 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	69 000	321 000	907 000	813 000
Total Current Assets	90 000	339 000	1 030 000	1 906 000
Total Assets	2 220 000	2 554 000	2 440 000	3 161 000
Total Equity	663 000	954 000	933 000	3 061 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	4 000	3 000
Creditors	7 000	7 000	3 000	0
Unpaid Taxes	0	0	0	0
Dividends	0	0	1 972 000	0
Other Current Debt	1 550 000	1 583 000	1 500 000	5 000
Total Current Debt	1 557 000	1 600 000	1 503 000	97 000
Total Equity and Debt	2 220 000	2 554 000	2 440 000	3 161 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−43,89 %	2,2 %	−16,72 %	10,62 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−48,9 %	11,82 %	−86,5 %	72,7 %
Current Ratio	0,06	0,21	0,69	19,65
Quick Ratio	0,06	0,21	0,69	19,65
Equity Ratio	0,3	0,37	0,38	0,97
Gross Profit Margin	93,76 %	100 %	100 %	100 %