TURVANDE AS

2651 ØSTRE GAUSDAL

Finances

Return on Equity

−95,49 %

Current Ratio

0,17

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Net Income	−3 073 000	−28 000	−68 000	238 000
Total Assets	32 542 000	35 608 000	35 356 000	32 688 000
Total Equity	3 218 000	6 291 000	6 320 000	6 388 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	0	0	0
Expenditure	3 012 000	28 000	25 000	53 000
Operating Profit	−3 012 000	−28 000	−25 000	−53 000
Financial Income	0	0	0	358 000
Financial Costs	61 000	0	44 000	67 000
Financial Balance	−61 000	0	−44 000	291 000
Earnings Before Tax	−3 073 000	−28 000	−68 000	238 000
Tax	0	0	0	0
Net Income	−3 073 000	−28 000	−68 000	238 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	27 570 000	27 570 000	27 560 000	32 295 000
Total Current Assets	4 972 000	8 039 000	7 796 000	393 000
Total Assets	32 542 000	35 608 000	35 356 000	32 688 000
Total Retained Equity	3 118 000	6 191 000	6 219 000	6 287 000
Total Equity	3 218 000	6 291 000	6 320 000	6 388 000
Total Long-Term Debt	0	0	0	9 050 000
Total Current Debt	29 324 000	29 317 000	29 036 000	17 250 000
Total Equity and Debt	32 542 000	35 608 000	35 356 000	32 688 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	0	0	0	0
Revenue	0	0	0	0
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	0	0	0	0
Impairment	0	0	0	0
Expenditure	3 012 000	28 000	25 000	53 000
Operating Profit	−3 012 000	−28 000	−25 000	−53 000
Financial Income	0	0	0	358 000
Financial Costs	61 000	0	44 000	67 000
Financial Balance	−61 000	0	−44 000	291 000
Dividends	0	0	0	0
Net Income	−3 073 000	−28 000	−68 000	238 000

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	27 570 000	27 570 000	27 560 000	32 295 000
Total Fixed Assets	27 570 000	27 570 000	27 560 000	32 295 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	32 000	46 000	65 000	35 000
Total Current Assets	4 972 000	8 039 000	7 796 000	393 000
Total Assets	32 542 000	35 608 000	35 356 000	32 688 000
Total Equity	3 218 000	6 291 000	6 320 000	6 388 000
Short-Term Group Debt	29 266 000	29 266 000	21 685 000	17 200 000
Total Long-Term Debt	0	0	0	9 050 000
Creditors	11 000	4 000	3 000	1 000
Unpaid Taxes	0	0	0	0
Dividends	0	0	0	0
Other Current Debt	47 000	47 000	7 347 000	49 000
Total Current Debt	29 324 000	29 317 000	29 036 000	17 250 000
Total Equity and Debt	32 542 000	35 608 000	35 356 000	32 688 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−95,49 %	−0,45 %	−1,08 %	3,73 %
Debt-to-Equity Ratio	0	0	0	1,42
Operating Profit Margin	-	-	-	-
Current Ratio	0,17	0,27	0,27	0,02
Quick Ratio	0,17	0,27	0,27	0,02
Equity Ratio	0,1	0,18	0,18	0,2
Gross Profit Margin	-	-	-	-