TORGARHAUGEN AS

8909 BRØNNØYSUND

Finances

Share Ownership

Return on Equity

−11,53 %

Current Ratio

4,49

Debt-to-Equity Ratio

0,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 136 000	3 679 000	2 503 000	992 000
Net Income	−1 084 000	−239 000	−613 000	−699 000
Total Assets	14 890 000	16 291 000	15 506 000	16 256 000
Total Equity	9 405 000	10 489 000	10 728 000	11 341 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 136 000	3 679 000	2 503 000	992 000
Expenditure	3 397 000	3 899 000	3 217 000	1 811 000
Operating Profit	−1 260 000	−219 000	−713 000	−819 000
Financial Income	1 000	4 000	9 000	2 000
Financial Costs	130 000	90 000	82 000	80 000
Financial Balance	−129 000	−86 000	−73 000	−78 000
Earnings Before Tax	−1 390 000	−306 000	−786 000	−896 000
Tax	−306 000	−67 000	−173 000	−197 000
Net Income	−1 084 000	−239 000	−613 000	−699 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 654 000	14 238 000	12 648 000	13 062 000
Total Current Assets	1 235 000	2 053 000	2 859 000	3 194 000
Total Assets	14 890 000	16 291 000	15 506 000	16 256 000
Total Retained Equity	8 305 000	9 389 000	9 628 000	10 241 000
Total Equity	9 405 000	10 489 000	10 728 000	11 341 000
Total Long-Term Debt	5 209 000	5 515 000	4 582 000	4 755 000
Total Current Debt	275 000	287 000	196 000	160 000
Total Equity and Debt	14 890 000	16 291 000	15 506 000	16 256 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 869 000	3 027 000	2 503 000	992 000
Other Income	267 000	652 000	0	0
Revenue	2 136 000	3 679 000	2 503 000	992 000
Cost of Goods Sold	299 000	468 000	384 000	127 000
Salary Costs	946 000	1 668 000	1 285 000	610 000
Depreciation	576 000	510 000	452 000	441 000
Impairment	0	0	0	0
Expenditure	3 397 000	3 899 000	3 217 000	1 811 000
Operating Profit	−1 260 000	−219 000	−713 000	−819 000
Financial Income	1 000	4 000	9 000	2 000
Financial Costs	130 000	90 000	82 000	80 000
Financial Balance	−129 000	−86 000	−73 000	−78 000
Dividends	0	0	0	0
Net Income	−1 084 000	−239 000	−613 000	−699 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	13 349 000	13 869 000	12 294 000	12 704 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	306 000	361 000	346 000	350 000
Total Tangible Assets	13 654 000	14 230 000	12 640 000	13 054 000
Total Fiancial Fixed Assets	0	8 000	8 000	8 000
Total Fixed Assets	13 654 000	14 238 000	12 648 000	13 062 000
Stock	30 000	199 000	106 000	31 000
Total Investments	0	0	0	0
Cash, Bank	1 167 000	1 380 000	2 664 000	2 998 000
Total Current Assets	1 235 000	2 053 000	2 859 000	3 194 000
Total Assets	14 890 000	16 291 000	15 506 000	16 256 000
Total Equity	9 405 000	10 489 000	10 728 000	11 341 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	5 209 000	5 515 000	4 582 000	4 755 000
Creditors	25 000	80 000	53 000	37 000
Unpaid Taxes	140 000	74 000	34 000	70 000
Dividends	0	0	0	0
Other Current Debt	110 000	133 000	109 000	53 000
Total Current Debt	275 000	287 000	196 000	160 000
Total Equity and Debt	14 890 000	16 291 000	15 506 000	16 256 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−11,53 %	−2,28 %	−5,71 %	−6,16 %
Debt-to-Equity Ratio	0,55	0,53	0,43	0,42
Operating Profit Margin	−58,99 %	−5,95 %	−28,49 %	−82,56 %
Current Ratio	4,49	7,15	14,59	19,96
Quick Ratio	5,04	23,33	31,77	24,76
Equity Ratio	0,63	0,64	0,69	0,7
Gross Profit Margin	86 %	87,28 %	84,66 %	87,2 %