TRUST FORWARDING NORWAY AS

2060 GARDERMOEN

Finances

Share Ownership

Return on Equity

17,59 %

Current Ratio

2,21

Debt-to-Equity Ratio

0,03

Key figures (NOK)	2022	2021	2020	2019
Revenue	84 401 000	77 046 000	68 491 000	74 370 000
Net Income	2 411 000	1 239 000	−2 177 000	−445 000
Total Assets	25 435 000	23 486 000	22 671 000	24 146 000
Total Equity	13 703 000	11 292 000	10 054 000	12 232 000

Income (NOK)	2022	2021	2020	2019
Revenue	84 401 000	77 046 000	68 491 000	74 370 000
Expenditure	81 412 000	18 460 000	20 171 000	20 992 000
Operating Profit	2 989 000	1 572 000	−2 545 000	−625 000
Financial Income	124 000	11 000	77 000	147 000
Financial Costs	250 000	−46 000	111 000	84 000
Financial Balance	−126 000	57 000	−34 000	63 000
Earnings Before Tax	2 863 000	1 629 000	−2 579 000	−562 000
Tax	452 000	390 000	−402 000	−117 000
Net Income	2 411 000	1 239 000	−2 177 000	−445 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	302 000	398 000	788 000	400 000
Total Current Assets	25 133 000	23 088 000	21 883 000	23 746 000
Total Assets	25 435 000	23 486 000	22 671 000	24 146 000
Total Retained Equity	0	−1 214 000	−2 452 000	−274 000
Total Equity	13 703 000	11 292 000	10 054 000	12 232 000
Total Long-Term Debt	356 000	0	0	0
Total Current Debt	11 375 000	12 193 000	12 617 000	11 914 000
Total Equity and Debt	25 434 000	23 485 000	22 671 000	24 146 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	81 880 000	74 952 000	66 169 000	71 611 000
Other Income	2 521 000	2 094 000	2 322 000	2 759 000
Revenue	84 401 000	77 046 000	68 491 000	74 370 000
Cost of Goods Sold	60 621 000	0	0	0
Salary Costs	16 435 000	13 697 000	14 005 000	16 004 000
Depreciation	0	0	14 000	18 000
Impairment	0	0	0	0
Expenditure	81 412 000	18 460 000	20 171 000	20 992 000
Operating Profit	2 989 000	1 572 000	−2 545 000	−625 000
Financial Income	124 000	11 000	77 000	147 000
Financial Costs	250 000	−46 000	111 000	84 000
Financial Balance	−126 000	57 000	−34 000	63 000
Dividends	0	0	0	0
Net Income	2 411 000	1 239 000	−2 177 000	−445 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	96 000	486 000	84 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	14 000
Total Tangible Assets	0	0	0	14 000
Total Fiancial Fixed Assets	302 000	302 000	302 000	302 000
Total Fixed Assets	302 000	398 000	788 000	400 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	7 458 000	3 000	3 000	3 000
Total Current Assets	25 133 000	23 088 000	21 883 000	23 746 000
Total Assets	25 435 000	23 486 000	22 671 000	24 146 000
Total Equity	13 703 000	11 292 000	10 054 000	12 232 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	356 000	0	0	0
Creditors	0	4 775 000	6 008 000	4 213 000
Unpaid Taxes	776 000	800 000	1 022 000	1 121 000
Dividends	0	0	0	0
Other Current Debt	5 139 000	6 618 000	5 587 000	6 580 000
Total Current Debt	11 375 000	12 193 000	12 617 000	11 914 000
Total Equity and Debt	25 434 000	23 485 000	22 671 000	24 146 000

Financial indicators	2022	2021	2020	2019
Return on Equity	17,59 %	10,97 %	−21,65 %	−3,64 %
Debt-to-Equity Ratio	0,03	0	0	0
Operating Profit Margin	3,54 %	2,04 %	−3,72 %	−0,84 %
Current Ratio	2,21	1,89	1,73	1,99
Quick Ratio	2,21	1,89	1,73	1,99
Equity Ratio	0,54	0,48	0,44	0,51
Gross Profit Margin	28,18 %	100 %	100 %	100 %