TORMAX NORGE AS

0978 OSLO

Finances

Share Ownership

Return on Equity

2,31 %

Current Ratio

0,57

Debt-to-Equity Ratio

−1,08

Key figures (NOK)	2022	2021	2020	2019
Revenue	27 603 000	31 356 000	23 791 000	24 440 000
Net Income	−517 000	−424 000	−1 187 000	−2 027 000
Total Assets	18 645 000	19 372 000	17 384 000	18 665 000
Total Equity	−22 422 000	−21 905 000	−21 481 000	−20 294 000

Income (NOK)	2022	2021	2020	2019
Revenue	27 603 000	31 356 000	23 791 000	24 440 000
Expenditure	27 414 000	31 233 000	24 112 000	25 642 000
Operating Profit	189 000	123 000	−320 000	−1 202 000
Financial Income	20 000	27 000	36 000	25 000
Financial Costs	725 000	574 000	902 000	850 000
Financial Balance	−705 000	−547 000	−866 000	−825 000
Earnings Before Tax	−517 000	−424 000	−1 187 000	−2 027 000
Tax	0	0	0	0
Net Income	−517 000	−424 000	−1 187 000	−2 027 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	8 996 000	9 322 000	10 147 000	8 464 000
Total Current Assets	9 649 000	10 050 000	7 237 000	10 201 000
Total Assets	18 645 000	19 372 000	17 384 000	18 665 000
Total Retained Equity	−27 722 000	−27 205 000	−26 781 000	−25 594 000
Total Equity	−22 422 000	−21 905 000	−21 481 000	−20 294 000
Total Long-Term Debt	24 246 000	24 246 000	24 246 000	23 759 000
Total Current Debt	16 820 000	17 030 000	14 618 000	15 201 000
Total Equity and Debt	18 645 000	19 372 000	17 384 000	18 665 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	27 585 000	31 304 000	23 791 000	24 304 000
Other Income	18 000	52 000	0	136 000
Revenue	27 603 000	31 356 000	23 791 000	24 440 000
Cost of Goods Sold	9 903 000	13 282 000	9 081 000	12 268 000
Salary Costs	10 119 000	10 277 000	8 917 000	8 603 000
Depreciation	899 000	950 000	782 000	280 000
Impairment	0	0	0	0
Expenditure	27 414 000	31 233 000	24 112 000	25 642 000
Operating Profit	189 000	123 000	−320 000	−1 202 000
Financial Income	20 000	27 000	36 000	25 000
Financial Costs	725 000	574 000	902 000	850 000
Financial Balance	−705 000	−547 000	−866 000	−825 000
Dividends	0	0	0	0
Net Income	−517 000	−424 000	−1 187 000	−2 027 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	6 462 000	6 482 000	6 402 000	6 402 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	2 098 000	2 404 000	3 309 000	2 052 000
Total Tangible Assets	2 098 000	2 404 000	3 309 000	2 052 000
Total Fiancial Fixed Assets	436 000	436 000	436 000	10 000
Total Fixed Assets	8 996 000	9 322 000	10 147 000	8 464 000
Stock	4 660 000	4 306 000	2 433 000	5 024 000
Total Investments	0	0	0	0
Cash, Bank	2 101 000	2 051 000	1 367 000	1 390 000
Total Current Assets	9 649 000	10 050 000	7 237 000	10 201 000
Total Assets	18 645 000	19 372 000	17 384 000	18 665 000
Total Equity	−22 422 000	−21 905 000	−21 481 000	−20 294 000
Short-Term Group Debt	0	1 000	1 563 000	1 212 000
Total Long-Term Debt	24 246 000	24 246 000	24 246 000	23 759 000
Creditors	13 674 000	13 549 000	10 095 000	11 234 000
Unpaid Taxes	1 613 000	1 918 000	1 717 000	1 783 000
Dividends	0	0	0	0
Other Current Debt	1 533 000	1 562 000	1 243 000	971 000
Total Current Debt	16 820 000	17 030 000	14 618 000	15 201 000
Total Equity and Debt	18 645 000	19 372 000	17 384 000	18 665 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,31 %	1,94 %	5,53 %	9,99 %
Debt-to-Equity Ratio	−1,08	−1,11	−1,13	−1,17
Operating Profit Margin	0,68 %	0,39 %	−1,35 %	−4,92 %
Current Ratio	0,57	0,59	0,5	0,67
Quick Ratio	0,79	0,79	0,59	1
Equity Ratio	−1,2	−1,13	−1,24	−1,09
Gross Profit Margin	64,12 %	57,64 %	61,83 %	49,8 %