TORGET 2 AS

8300 SVOLVÆR

Finances

Share Ownership

Return on Equity

1,05 %

Current Ratio

1,42

Debt-to-Equity Ratio

0,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	3 053 000	2 691 000	3 128 000	3 229 000
Net Income	247 000	67 000	−27 000	535 000
Total Assets	43 298 000	45 218 000	45 531 000	50 600 000
Total Equity	23 431 000	24 185 000	25 618 000	25 409 000

Income (NOK)	2022	2021	2020	2019
Revenue	3 053 000	2 691 000	3 128 000	3 229 000
Expenditure	2 249 000	2 294 000	2 774 000	2 049 000
Operating Profit	804 000	397 000	354 000	1 180 000
Financial Income	7 000	4 000	20 000	43 000
Financial Costs	495 000	315 000	409 000	537 000
Financial Balance	−488 000	−311 000	−389 000	−494 000
Earnings Before Tax	316 000	86 000	−34 000	686 000
Tax	70 000	19 000	−8 000	151 000
Net Income	247 000	67 000	−27 000	535 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	40 782 000	42 184 000	43 542 000	45 355 000
Total Current Assets	2 516 000	3 034 000	1 989 000	5 245 000
Total Assets	43 298 000	45 218 000	45 531 000	50 600 000
Total Retained Equity	0	279 000	1 712 000	1 739 000
Total Equity	23 431 000	24 185 000	25 618 000	25 409 000
Total Long-Term Debt	18 092 000	18 886 000	19 667 000	20 409 000
Total Current Debt	1 774 000	2 147 000	246 000	4 782 000
Total Equity and Debt	43 298 000	45 218 000	45 531 000	50 600 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	0	0	0
Other Income	3 053 000	2 691 000	3 128 000	3 229 000
Revenue	3 053 000	2 691 000	3 128 000	3 229 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	1 402 000	1 403 000	1 403 000	1 403 000
Impairment	0	0	0	0
Expenditure	2 249 000	2 294 000	2 774 000	2 049 000
Operating Profit	804 000	397 000	354 000	1 180 000
Financial Income	7 000	4 000	20 000	43 000
Financial Costs	495 000	315 000	409 000	537 000
Financial Balance	−488 000	−311 000	−389 000	−494 000
Dividends	1 000 000	1 500 000	0	0
Net Income	247 000	67 000	−27 000	535 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	1 900 000	1 900 000	1 900 000	1 900 000
Machinery and Plant Facilities	38 703 000	40 038 000	41 329 000	43 075 000
Fixtures	179 000	246 000	313 000	380 000
Total Tangible Assets	40 782 000	42 184 000	43 542 000	45 355 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	40 782 000	42 184 000	43 542 000	45 355 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	2 111 000	2 664 000	1 449 000	4 502 000
Total Current Assets	2 516 000	3 034 000	1 989 000	5 245 000
Total Assets	43 298 000	45 218 000	45 531 000	50 600 000
Total Equity	23 431 000	24 185 000	25 618 000	25 409 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	18 092 000	18 886 000	19 667 000	20 409 000
Creditors	586 000	603 000	171 000	190 000
Unpaid Taxes	36 000	0	36 000	21 000
Dividends	1 000 000	1 500 000	0	0
Other Current Debt	88 000	44 000	39 000	71 000
Total Current Debt	1 774 000	2 147 000	246 000	4 782 000
Total Equity and Debt	43 298 000	45 218 000	45 531 000	50 600 000

Financial indicators	2022	2021	2020	2019
Return on Equity	1,05 %	0,28 %	−0,11 %	2,11 %
Debt-to-Equity Ratio	0,77	0,78	0,77	0,8
Operating Profit Margin	26,33 %	14,75 %	11,32 %	36,54 %
Current Ratio	1,42	1,41	8,09	1,1
Quick Ratio	1,42	1,41	8,09	1,1
Equity Ratio	0,54	0,53	0,56	0,5
Gross Profit Margin	100 %	100 %	100 %	100 %