TORMATIC AS

3261 LARVIK

Finances

Share Ownership

Return on Equity

56,12 %

Current Ratio

1,85

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	52 113 000	46 076 000	49 856 000	58 267 000
Net Income	4 735 000	2 704 000	4 102 000	4 756 000
Total Assets	18 242 000	16 831 000	19 526 000	19 187 000
Total Equity	8 437 000	8 702 000	10 998 000	9 896 000

Income (NOK)	2022	2021	2020	2019
Revenue	52 113 000	46 076 000	49 856 000	58 267 000
Expenditure	47 321 000	43 894 000	45 551 000	51 518 000
Operating Profit	4 792 000	2 182 000	4 306 000	6 749 000
Financial Income	1 355 000	1 681 000	1 818 000	112 000
Financial Costs	74 000	394 000	860 000	761 000
Financial Balance	1 281 000	1 287 000	958 000	−649 000
Earnings Before Tax	6 072 000	3 469 000	5 264 000	6 100 000
Tax	1 337 000	765 000	1 162 000	1 344 000
Net Income	4 735 000	2 704 000	4 102 000	4 756 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	127 000	91 000	114 000	155 000
Total Current Assets	18 115 000	16 740 000	19 411 000	19 032 000
Total Assets	18 242 000	16 831 000	19 526 000	19 187 000
Total Retained Equity	5 447 000	5 712 000	8 008 000	6 906 000
Total Equity	8 437 000	8 702 000	10 998 000	9 896 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	9 805 000	8 129 000	8 528 000	9 291 000
Total Equity and Debt	18 242 000	16 831 000	19 526 000	19 187 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	52 113 000	46 076 000	49 856 000	58 267 000
Other Income	0	0	0	0
Revenue	52 113 000	46 076 000	49 856 000	58 267 000
Cost of Goods Sold	31 854 000	28 677 000	31 503 000	35 473 000
Salary Costs	11 494 000	11 805 000	11 028 000	11 224 000
Depreciation	17 000	17 000	17 000	1 000
Impairment	0	0	0	0
Expenditure	47 321 000	43 894 000	45 551 000	51 518 000
Operating Profit	4 792 000	2 182 000	4 306 000	6 749 000
Financial Income	1 355 000	1 681 000	1 818 000	112 000
Financial Costs	74 000	394 000	860 000	761 000
Financial Balance	1 281 000	1 287 000	958 000	−649 000
Dividends	5 000 000	5 000 000	3 000 000	0
Net Income	4 735 000	2 704 000	4 102 000	4 756 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	80 000	72 000	78 000	102 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	48 000	19 000	36 000	53 000
Total Tangible Assets	48 000	19 000	36 000	53 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	127 000	91 000	114 000	155 000
Stock	6 030 000	5 017 000	5 122 000	5 088 000
Total Investments	0	0	0	0
Cash, Bank	6 002 000	7 039 000	10 016 000	9 647 000
Total Current Assets	18 115 000	16 740 000	19 411 000	19 032 000
Total Assets	18 242 000	16 831 000	19 526 000	19 187 000
Total Equity	8 437 000	8 702 000	10 998 000	9 896 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	4 625 000	3 630 000	3 678 000	2 829 000
Unpaid Taxes	2 664 000	2 647 000	2 324 000	2 088 000
Dividends	5 000 000	5 000 000	3 000 000	0
Other Current Debt	1 172 000	1 095 000	1 387 000	3 044 000
Total Current Debt	9 805 000	8 129 000	8 528 000	9 291 000
Total Equity and Debt	18 242 000	16 831 000	19 526 000	19 187 000

Financial indicators	2022	2021	2020	2019
Return on Equity	56,12 %	31,07 %	37,3 %	48,06 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	9,2 %	4,74 %	8,64 %	11,58 %
Current Ratio	1,85	2,06	2,28	2,05
Quick Ratio	4,8	5,38	5,7	4,53
Equity Ratio	0,46	0,52	0,56	0,52
Gross Profit Margin	38,88 %	37,76 %	36,81 %	39,12 %