TORGEIR ERDAL AS

6030 LANGEVÅG

Finances

Return on Equity

58,31 %

Current Ratio

1,64

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 356 000	11 999 000	11 523 000	7 877 000
Net Income	1 680 000	622 000	1 370 000	537 000
Total Assets	7 142 000	5 135 000	4 902 000	2 213 000
Total Equity	2 881 000	3 201 000	2 579 000	1 209 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 356 000	11 999 000	11 523 000	7 877 000
Expenditure	10 425 000	11 235 000	9 660 000	7 330 000
Operating Profit	2 154 000	764 000	1 783 000	627 000
Financial Income	50 000	11 000	1 000	1 000
Financial Costs	0	0	1 000	0
Financial Balance	50 000	11 000	0	1 000
Earnings Before Tax	2 205 000	775 000	1 783 000	628 000
Tax	525 000	153 000	413 000	91 000
Net Income	1 680 000	622 000	1 370 000	537 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	165 000	220 000	76 000	67 000
Total Current Assets	6 977 000	4 914 000	4 825 000	2 146 000
Total Assets	7 142 000	5 135 000	4 902 000	2 213 000
Total Retained Equity	2 774 000	3 094 000	2 472 000	1 102 000
Total Equity	2 881 000	3 201 000	2 579 000	1 209 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	4 261 000	1 934 000	2 323 000	1 005 000
Total Equity and Debt	7 142 000	5 135 000	4 902 000	2 213 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	12 356 000	11 998 000	11 523 000	7 731 000
Other Income	0	1 000	0	146 000
Revenue	12 356 000	11 999 000	11 523 000	7 877 000
Cost of Goods Sold	3 712 000	4 075 000	2 678 000	2 375 000
Salary Costs	4 922 000	5 144 000	5 396 000	3 726 000
Depreciation	56 000	11 000	8 000	8 000
Impairment	0	0	0	0
Expenditure	10 425 000	11 235 000	9 660 000	7 330 000
Operating Profit	2 154 000	764 000	1 783 000	627 000
Financial Income	50 000	11 000	1 000	1 000
Financial Costs	0	0	1 000	0
Financial Balance	50 000	11 000	0	1 000
Dividends	2 000 000	0	0	0
Net Income	1 680 000	622 000	1 370 000	537 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	9 000	13 000	0	0
Fixtures	45 000	45 000	62 000	53 000
Total Tangible Assets	151 000	206 000	62 000	53 000
Total Fiancial Fixed Assets	14 000	14 000	14 000	14 000
Total Fixed Assets	165 000	220 000	76 000	67 000
Stock	222 000	0	0	80 000
Total Investments	0	0	0	0
Cash, Bank	5 625 000	3 254 000	3 312 000	1 689 000
Total Current Assets	6 977 000	4 914 000	4 825 000	2 146 000
Total Assets	7 142 000	5 135 000	4 902 000	2 213 000
Total Equity	2 881 000	3 201 000	2 579 000	1 209 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	252 000	150 000	140 000	113 000
Unpaid Taxes	947 000	932 000	1 133 000	411 000
Dividends	2 000 000	0	0	0
Other Current Debt	538 000	699 000	637 000	389 000
Total Current Debt	4 261 000	1 934 000	2 323 000	1 005 000
Total Equity and Debt	7 142 000	5 135 000	4 902 000	2 213 000

Financial indicators	2022	2021	2020	2019
Return on Equity	58,31 %	19,43 %	53,12 %	44,42 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	17,43 %	6,37 %	15,47 %	7,96 %
Current Ratio	1,64	2,54	2,08	2,14
Quick Ratio	1,73	2,54	2,08	2,32
Equity Ratio	0,4	0,62	0,53	0,55
Gross Profit Margin	69,96 %	66,04 %	76,76 %	69,85 %