TORVET 7 AS

4020 STAVANGER

Finances

Share Ownership

Return on Equity

8,79 %

Current Ratio

1,27

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	568 000	596 000	568 000	568 000
Net Income	181 000	292 000	283 000	260 000
Total Assets	4 477 000	3 512 000	3 410 000	3 372 000
Total Equity	2 058 000	2 098 000	1 905 000	1 773 000

Income (NOK)	2022	2021	2020	2019
Revenue	568 000	596 000	568 000	568 000
Expenditure	312 000	209 000	191 000	216 000
Operating Profit	256 000	386 000	377 000	352 000
Financial Income	0	0	0	0
Financial Costs	25 000	12 000	15 000	19 000
Financial Balance	−25 000	−12 000	−15 000	−19 000
Earnings Before Tax	231 000	375 000	362 000	334 000
Tax	51 000	82 000	80 000	73 000
Net Income	181 000	292 000	283 000	260 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	4 020 000	3 172 000	3 224 000	3 275 000
Total Current Assets	456 000	340 000	187 000	97 000
Total Assets	4 477 000	3 512 000	3 410 000	3 372 000
Total Retained Equity	548 000	588 000	395 000	263 000
Total Equity	2 058 000	2 098 000	1 905 000	1 773 000
Total Long-Term Debt	2 060 000	1 100 000	1 144 000	1 189 000
Total Current Debt	358 000	315 000	361 000	411 000
Total Equity and Debt	4 477 000	3 512 000	3 410 000	3 372 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	30 000	58 000	30 000	30 000
Other Income	538 000	538 000	538 000	538 000
Revenue	568 000	596 000	568 000	568 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	52 000	52 000	52 000	54 000
Impairment	0	0	0	0
Expenditure	312 000	209 000	191 000	216 000
Operating Profit	256 000	386 000	377 000	352 000
Financial Income	0	0	0	0
Financial Costs	25 000	12 000	15 000	19 000
Financial Balance	−25 000	−12 000	−15 000	−19 000
Dividends	0	100 000	150 000	150 000
Net Income	181 000	292 000	283 000	260 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	3 120 000	3 172 000	3 224 000	3 275 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	3 120 000	3 172 000	3 224 000	3 275 000
Total Fiancial Fixed Assets	900 000	0	0	0
Total Fixed Assets	4 020 000	3 172 000	3 224 000	3 275 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	221 000	329 000	176 000	86 000
Total Current Assets	456 000	340 000	187 000	97 000
Total Assets	4 477 000	3 512 000	3 410 000	3 372 000
Total Equity	2 058 000	2 098 000	1 905 000	1 773 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	2 060 000	1 100 000	1 144 000	1 189 000
Creditors	6 000	0	1 000	3 000
Unpaid Taxes	68 000	121 000	119 000	116 000
Dividends	0	100 000	150 000	150 000
Other Current Debt	284 000	0	0	57 000
Total Current Debt	358 000	315 000	361 000	411 000
Total Equity and Debt	4 477 000	3 512 000	3 410 000	3 372 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,79 %	13,92 %	14,86 %	14,66 %
Debt-to-Equity Ratio	1	0,52	0,6	0,67
Operating Profit Margin	45,07 %	64,77 %	66,37 %	61,97 %
Current Ratio	1,27	1,08	0,52	0,24
Quick Ratio	1,27	1,08	0,52	0,24
Equity Ratio	0,46	0,6	0,56	0,53
Gross Profit Margin	100 %	100 %	100 %	100 %