TORSTRAND AS

5384 TORANGSVÅG

Finances

Return on Equity

8,56 %

Current Ratio

1,99

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	654 000	917 000	1 006 000	608 000
Net Income	187 000	−226 000	−54 000	−84 000
Total Assets	7 033 000	6 771 000	6 973 000	8 327 000
Total Equity	2 184 000	1 997 000	2 223 000	2 277 000

Income (NOK)	2022	2021	2020	2019
Revenue	654 000	917 000	1 006 000	608 000
Expenditure	609 000	909 000	923 000	545 000
Operating Profit	46 000	8 000	82 000	64 000
Financial Income	431 000	246 000	3 000	2 000
Financial Costs	335 000	480 000	154 000	174 000
Financial Balance	96 000	−234 000	−151 000	−172 000
Earnings Before Tax	142 000	−226 000	−69 000	−108 000
Tax	−45 000	0	−16 000	−24 000
Net Income	187 000	−226 000	−54 000	−84 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	6 100 000	6 164 000	6 715 000	7 867 000
Total Current Assets	933 000	607 000	258 000	459 000
Total Assets	7 033 000	6 771 000	6 973 000	8 327 000
Total Retained Equity	−497 000	−684 000	−458 000	−404 000
Total Equity	2 184 000	1 997 000	2 223 000	2 277 000
Total Long-Term Debt	4 378 000	4 346 000	221 000	336 000
Total Current Debt	470 000	428 000	4 529 000	5 713 000
Total Equity and Debt	7 033 000	6 771 000	6 973 000	8 327 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	597 000	863 000	982 000	608 000
Other Income	58 000	54 000	23 000	0
Revenue	654 000	917 000	1 006 000	608 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	105 000	96 000	101 000	102 000
Impairment	0	0	0	0
Expenditure	609 000	909 000	923 000	545 000
Operating Profit	46 000	8 000	82 000	64 000
Financial Income	431 000	246 000	3 000	2 000
Financial Costs	335 000	480 000	154 000	174 000
Financial Balance	96 000	−234 000	−151 000	−172 000
Dividends	0	0	0	0
Net Income	187 000	−226 000	−54 000	−84 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	41 000	0	0	0
Real Eastate	1 304 000	1 392 000	1 480 000	1 568 000
Machinery and Plant Facilities	59 000	76 000	0	13 000
Fixtures	0	0	0	0
Total Tangible Assets	1 363 000	1 468 000	1 480 000	1 581 000
Total Fiancial Fixed Assets	4 696 000	4 696 000	5 235 000	6 286 000
Total Fixed Assets	6 100 000	6 164 000	6 715 000	7 867 000
Stock	0	0	0	0
Total Investments	532 000	287 000	1 000	1 000
Cash, Bank	146 000	35 000	125 000	418 000
Total Current Assets	933 000	607 000	258 000	459 000
Total Assets	7 033 000	6 771 000	6 973 000	8 327 000
Total Equity	2 184 000	1 997 000	2 223 000	2 277 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 378 000	4 346 000	221 000	336 000
Creditors	39 000	29 000	5 000	50 000
Unpaid Taxes	47 000	14 000	46 000	64 000
Dividends	0	0	0	0
Other Current Debt	384 000	384 000	4 478 000	4 998 000
Total Current Debt	470 000	428 000	4 529 000	5 713 000
Total Equity and Debt	7 033 000	6 771 000	6 973 000	8 327 000

Financial indicators	2022	2021	2020	2019
Return on Equity	8,56 %	−11,32 %	−2,43 %	−3,69 %
Debt-to-Equity Ratio	2	2,18	0,1	0,15
Operating Profit Margin	7,03 %	0,87 %	8,15 %	10,53 %
Current Ratio	1,99	1,42	0,06	0,08
Quick Ratio	1,99	1,42	0,06	0,08
Equity Ratio	0,31	0,29	0,32	0,27
Gross Profit Margin	100 %	100 %	100 %	100 %