TORM HOLDING AS

2815 GJØVIK

Finances

Return on Equity

29,27 %

Current Ratio

7,23

Debt-to-Equity Ratio

0,21

Key figures (NOK)	2022	2021	2020	2019
Revenue	12 937 000	10 257 000	9 751 000	9 924 000
Net Income	37 775 000	307 000	5 145 000	5 994 000
Total Assets	161 575 000	120 858 000	107 331 000	99 826 000
Total Equity	129 056 000	91 461 000	91 154 000	86 009 000

Income (NOK)	2022	2021	2020	2019
Revenue	12 937 000	10 257 000	9 751 000	9 924 000
Expenditure	3 611 000	9 744 000	10 204 000	2 177 000
Operating Profit	9 326 000	514 000	−453 000	7 748 000
Financial Income	30 970 000	19 000	5 555 000	32 000
Financial Costs	587 000	136 000	61 000	95 000
Financial Balance	30 383 000	−117 000	5 494 000	−63 000
Earnings Before Tax	39 709 000	396 000	5 041 000	7 685 000
Tax	1 934 000	90 000	−104 000	1 690 000
Net Income	37 775 000	307 000	5 145 000	5 994 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	121 089 000	113 407 000	86 072 000	88 822 000
Total Current Assets	40 487 000	7 451 000	21 259 000	11 004 000
Total Assets	161 575 000	120 858 000	107 331 000	99 826 000
Total Retained Equity	118 062 000	80 467 000	80 160 000	75 015 000
Total Equity	129 056 000	91 461 000	91 154 000	86 009 000
Total Long-Term Debt	26 923 000	25 157 000	6 206 000	8 094 000
Total Current Debt	5 596 000	4 240 000	9 971 000	5 723 000
Total Equity and Debt	161 575 000	120 858 000	107 331 000	99 826 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	32 000	16 000	3 000
Other Income	12 937 000	10 225 000	9 735 000	9 921 000
Revenue	12 937 000	10 257 000	9 751 000	9 924 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	501 000	476 000	459 000	475 000
Impairment	0	6 805 000	0	0
Expenditure	3 611 000	9 744 000	10 204 000	2 177 000
Operating Profit	9 326 000	514 000	−453 000	7 748 000
Financial Income	30 970 000	19 000	5 555 000	32 000
Financial Costs	587 000	136 000	61 000	95 000
Financial Balance	30 383 000	−117 000	5 494 000	−63 000
Dividends	0	0	0	0
Net Income	37 775 000	307 000	5 145 000	5 994 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 229 000	2 192 000	664 000	632 000
Real Eastate	84 748 000	79 426 000	47 621 000	40 542 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	83 000	0	0	0
Total Tangible Assets	84 832 000	79 426 000	47 621 000	40 542 000
Total Fiancial Fixed Assets	34 028 000	31 789 000	37 787 000	47 647 000
Total Fixed Assets	121 089 000	113 407 000	86 072 000	88 822 000
Stock	0	0	0	256 000
Total Investments	0	0	0	0
Cash, Bank	39 769 000	6 910 000	20 326 000	9 011 000
Total Current Assets	40 487 000	7 451 000	21 259 000	11 004 000
Total Assets	161 575 000	120 858 000	107 331 000	99 826 000
Total Equity	129 056 000	91 461 000	91 154 000	86 009 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	26 923 000	25 157 000	6 206 000	8 094 000
Creditors	784 000	913 000	7 854 000	768 000
Unpaid Taxes	75 000	143 000	274 000	248 000
Dividends	0	0	0	0
Other Current Debt	2 818 000	1 567 000	1 844 000	2 986 000
Total Current Debt	5 596 000	4 240 000	9 971 000	5 723 000
Total Equity and Debt	161 575 000	120 858 000	107 331 000	99 826 000

Financial indicators	2022	2021	2020	2019
Return on Equity	29,27 %	0,34 %	5,64 %	6,97 %
Debt-to-Equity Ratio	0,21	0,28	0,07	0,09
Operating Profit Margin	72,09 %	5,01 %	−4,65 %	78,07 %
Current Ratio	7,23	1,76	2,13	1,92
Quick Ratio	7,23	1,76	2,13	2,01
Equity Ratio	0,8	0,76	0,85	0,86
Gross Profit Margin	100 %	100 %	100 %	100 %