TORNES HOLDING AS

6443 TORNES I ROMSDAL

Finances

Return on Equity

1,02 %

Current Ratio

34,14

Debt-to-Equity Ratio

1,74

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 633 000	1 000 000	2 678 000	1 410 000
Net Income	28 000	−161 000	−125 000	−116 000
Total Assets	7 565 000	7 559 000	7 218 000	7 538 000
Total Equity	2 737 000	2 709 000	2 870 000	2 995 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 633 000	1 000 000	2 678 000	1 410 000
Expenditure	1 749 000	1 021 000	757 000	1 393 000
Operating Profit	−116 000	−21 000	1 921 000	17 000
Financial Income	1 503 000	4 000	5 000	4 000
Financial Costs	1 359 000	96 000	1 663 000	170 000
Financial Balance	144 000	−92 000	−1 658 000	−166 000
Earnings Before Tax	28 000	−113 000	263 000	−148 000
Tax	0	48 000	388 000	−33 000
Net Income	28 000	−161 000	−125 000	−116 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 175 000	6 450 000	6 535 000	6 408 000
Total Current Assets	2 390 000	1 109 000	682 000	1 130 000
Total Assets	7 565 000	7 559 000	7 218 000	7 538 000
Total Retained Equity	28 000	−361 000	−200 000	−75 000
Total Equity	2 737 000	2 709 000	2 870 000	2 995 000
Total Long-Term Debt	4 758 000	4 642 000	2 590 000	4 351 000
Total Current Debt	70 000	208 000	1 757 000	192 000
Total Equity and Debt	7 565 000	7 559 000	7 218 000	7 538 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	858 000	489 000	607 000	657 000
Other Income	775 000	511 000	2 071 000	753 000
Revenue	1 633 000	1 000 000	2 678 000	1 410 000
Cost of Goods Sold	1 424 000	778 000	469 000	1 120 000
Salary Costs	0	0	0	1 000
Depreciation	22 000	37 000	48 000	63 000
Impairment	0	0	0	0
Expenditure	1 749 000	1 021 000	757 000	1 393 000
Operating Profit	−116 000	−21 000	1 921 000	17 000
Financial Income	1 503 000	4 000	5 000	4 000
Financial Costs	1 359 000	96 000	1 663 000	170 000
Financial Balance	144 000	−92 000	−1 658 000	−166 000
Dividends	0	0	0	0
Net Income	28 000	−161 000	−125 000	−116 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	48 000	78 000
Real Eastate	576 000	598 000	635 000	1 450 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	0	0	0
Total Tangible Assets	576 000	598 000	635 000	1 450 000
Total Fiancial Fixed Assets	4 598 000	5 852 000	5 852 000	4 880 000
Total Fixed Assets	5 175 000	6 450 000	6 535 000	6 408 000
Stock	166 000	184 000	223 000	230 000
Total Investments	0	0	0	0
Cash, Bank	64 000	12 000	242 000	9 000
Total Current Assets	2 390 000	1 109 000	682 000	1 130 000
Total Assets	7 565 000	7 559 000	7 218 000	7 538 000
Total Equity	2 737 000	2 709 000	2 870 000	2 995 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 758 000	4 642 000	2 590 000	4 351 000
Creditors	56 000	184 000	111 000	148 000
Unpaid Taxes	14 000	25 000	16 000	26 000
Dividends	0	0	0	0
Other Current Debt	0	0	1 630 000	18 000
Total Current Debt	70 000	208 000	1 757 000	192 000
Total Equity and Debt	7 565 000	7 559 000	7 218 000	7 538 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,02 %	−5,94 %	−4,36 %	−3,87 %
Debt-to-Equity Ratio	1,74	1,71	0,9	1,45
Operating Profit Margin	−7,1 %	−2,1 %	71,73 %	1,21 %
Current Ratio	34,14	5,33	0,39	5,89
Quick Ratio	−24,9	46,21	0,44	−29,74
Equity Ratio	0,36	0,36	0,4	0,4
Gross Profit Margin	12,8 %	22,2 %	82,49 %	20,57 %