TURBINOVA AS

4045 HAFRSFJORD

Finances

Return on Equity

38,32 %

Current Ratio

2,62

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	663 000	398 000	526 000	903 000
Net Income	4 452 000	2 779 000	−3 277 000	−2 822 000
Total Assets	14 767 000	10 268 000	11 088 000	14 617 000
Total Equity	11 617 000	6 165 000	3 386 000	10 663 000

Income (NOK)	2022	2021	2020	2019
Revenue	663 000	398 000	526 000	903 000
Expenditure	291 000	84 000	322 000	278 000
Operating Profit	373 000	315 000	204 000	625 000
Financial Income	5 969 000	6 435 000	390 000	463 000
Financial Costs	1 038 000	3 719 000	3 870 000	3 909 000
Financial Balance	4 931 000	2 716 000	−3 480 000	−3 446 000
Earnings Before Tax	5 304 000	3 030 000	−3 277 000	−2 822 000
Tax	852 000	252 000	0	0
Net Income	4 452 000	2 779 000	−3 277 000	−2 822 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 511 000	9 028 000	4 564 000	4 616 000
Total Current Assets	8 255 000	1 239 000	6 524 000	10 001 000
Total Assets	14 767 000	10 268 000	11 088 000	14 617 000
Total Retained Equity	−23 473 000	−27 925 000	−30 703 000	−27 427 000
Total Equity	11 617 000	6 165 000	3 386 000	10 663 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	3 150 000	4 103 000	7 702 000	3 954 000
Total Equity and Debt	14 767 000	10 268 000	11 088 000	14 617 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	663 000	398 000	526 000	903 000
Other Income	0	0	0	0
Revenue	663 000	398 000	526 000	903 000
Cost of Goods Sold	247 000	59 000	0	238 000
Salary Costs	5 000	0	2 000	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	291 000	84 000	322 000	278 000
Operating Profit	373 000	315 000	204 000	625 000
Financial Income	5 969 000	6 435 000	390 000	463 000
Financial Costs	1 038 000	3 719 000	3 870 000	3 909 000
Financial Balance	4 931 000	2 716 000	−3 480 000	−3 446 000
Dividends	0	0	0	0
Net Income	4 452 000	2 779 000	−3 277 000	−2 822 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	0	0	0	0
Total Fiancial Fixed Assets	6 511 000	9 028 000	4 564 000	4 616 000
Total Fixed Assets	6 511 000	9 028 000	4 564 000	4 616 000
Stock	0	0	0	0
Total Investments	6 234 000	1 238 000	6 521 000	9 987 000
Cash, Bank	167 000	1 000	3 000	13 000
Total Current Assets	8 255 000	1 239 000	6 524 000	10 001 000
Total Assets	14 767 000	10 268 000	11 088 000	14 617 000
Total Equity	11 617 000	6 165 000	3 386 000	10 663 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	92 000	6 000	0	28 000
Unpaid Taxes	95 000	79 000	52 000	25 000
Dividends	0	0	0	0
Other Current Debt	2 110 000	3 963 000	7 650 000	3 900 000
Total Current Debt	3 150 000	4 103 000	7 702 000	3 954 000
Total Equity and Debt	14 767 000	10 268 000	11 088 000	14 617 000

Financial indicators	2022	2021	2020	2019
Return on Equity	38,32 %	45,08 %	−96,78 %	−26,47 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	56,26 %	79,15 %	38,78 %	69,21 %
Current Ratio	2,62	0,3	0,85	2,53
Quick Ratio	2,62	0,3	0,85	2,53
Equity Ratio	0,79	0,6	0,31	0,73
Gross Profit Margin	62,75 %	85,18 %	100 %	73,64 %